Efficient and secure way of transferring and receiving funds

Transfers in AMD (within Armenia)1
Transfers from account2
AMD 3003*
Credit of received funds to account
Free
Amendment or cancellation of payment instructions
AMD 5,000
Demand draft issuance
AMD 6,000

Efficient and secure way of transferring and receiving funds

Transfers in AMD (within Armenia)1
Transfers from account2
Credit of received funds to account
AMD 3003*
Free
Transfers from account2
Amendment or cancellation of payment instructions
AMD 3003*
AMD 5,000
Transfers from account2
Demand draft issuance
AMD 3003*
AMD 6,000

Transfers in foreign currency and demand drafts

  • The Bank effects transfers in the following currencies USD, EUR, GBP, RUB, CHF, AUD, AED, HKD, CAD, JPY
  • The Bank issues demand drafts in the following currencies USD, EUR, GBP, RUB, CHF, AUD, AED, HKD, JPY
  • Explanations and instructions may accompany the payment

 

Transfers are effected according to the following charge scheme:

Comission on transfers in USD / EUR

Outward remittances of funds paid in cash

0.3%4
Outward remittances of non-cash funds/subject to foreign currency exchange 0.1%
Comission on transfers in USD / EUR

Outward remittances of funds paid in cash

Outward remittances of non-cash funds/subject to foreign currency exchange
0.3%4
0.1%
Transfers in currencies other than USD / EUR
Outward remittances of funds paid in cash
3%
Outward remittances of non-cash funds/subject to foreign currency exchange
0.3%
Transfers in currencies other than USD / EUR
Outward remittances of funds paid in cash
Outward remittances of non-cash funds/subject to foreign currency exchange
3%
0.3%
Preferential rates (for all foreign currencies except for cases when funds were deposited in cash in currencies other than USD / EUR)
Account holders depending on volumes of their account turnover, may receive the following preferential rates:
Average monthly turnover of outward remittance volumes for last 3 months, expressed in USD

50,000 and above

0.1%
Preferential rates (for all foreign currencies except for cases when funds were deposited in cash in currencies other than USD / EUR)
Account holders depending on volumes of their account turnover, may receive the following preferential rates:
Average monthly turnover of outward remittance volumes for last 3 months, expressed in USD
Account holders depending on volumes of their account turnover, may receive the following preferential rates:

50,000 and above

Other conditions
Transfers between accounts held at the Bank
Free
Amendment to foreign currency payment instruction
AMD 20,000
Cancellation of foreign currency payment instruction
AMD 20,000
Payment investigation fee (can be charged irrespective of the outcome of the conducted investigation) AMD 20,000
Credit of foreign currency inward remittance amounts to account, if the remitter has not paid the charges yet AMD 6,000
Other conditions
Transfers between accounts held at the Bank
Amendment to foreign currency payment instruction
Free
AMD 20,000
Transfers between accounts held at the Bank
Cancellation of foreign currency payment instruction
Free
AMD 20,000
Transfers between accounts held at the Bank
Payment investigation fee (can be charged irrespective of the outcome of the conducted investigation)
Free
AMD 20,000
Transfers between accounts held at the Bank
Credit of foreign currency inward remittance amounts to account, if the remitter has not paid the charges yet
Free
AMD 6,000

Important to know

  • Minimum commission for any foreign currency outward remittance or Demand Draft issuance - AMD 6,000
  • The bank is not liable for any refund, if payment has already been effected to the beneficiary
  • Intermediary/beneficiary bank charges may be paid either at the expense of beneficiary or remitter, at customers' decision and with the prior consent of the bank
  • It is Bank's responsibility to provide receipt to customer for each provided service
  • Commissions if intermediary/beneficiary bank charges are paid by the remitter, for the beneficiary to receive the amount without any additional charges

        - outward remittances in USD to any bank located in the United States - AMD 5,000

        - outward remittances in USD to any bank located outside the United States - AMD 10,000

        - outward payments in other foreign currencies - AMD 5,0005

  • Commission for outward payments in USD to any bank located outside the United States, where the remitter pays only the first intermediary bank charges and the beneficiary receives the amount after charges applied by other intermediary/beneficiary banks - AMD 5,000
  • HSBC Bank Armenia cjsc does not accept foreign currency transfers to its foreign exchange nostro accounts with Central bank of Armenia, with the exception of transfers received from RA banks where beneficiary is “ArmenianCard” cjsc.6 Transfers in foreign currency should be done via HSBC Bank Armenia cjsc accounts, according to transfer requisites, terms and conditions. 
  • The list of codes used for transfers to UAE (PDF)

Requisites for wire transfers

To receive a foreign currency transfer, you should have the correspondent bank details/requisites, depending on the currency of funds being transferred.
 

1 In case of AMD transfers within Armenia, if the transferred amount contains luma, the amount will be rounded up to the decimal point according to standard rounding rule.

2 Payment instruction (for amounts of up to AMD 25 million) submitted to the Bank before 14:00 is processed same day. If it is submitted to the Bank after 14:00, but not later than 15:00 and requested to be processed on the same day, a charge of AMD 5,000 will be applied by the Bank. Payment instructions submitted to the Bank via Internet/Mobile and Phone Banking before 15:00 will be processed same day free of charge.

3 Any foreign exchange transactions will be conducted at the Bank's exchange rate.

4 If the transfer has been effected via Internet/Mobile or Phone Banking services a reduced charge of 0.1% (minimum AMD 6,000) will be applied.

5 If the actual charge amount is above equivalent of AMD 20,000 the difference between already paid commission and actual charge is subject to further debiting from remitter's account.

6 Effective from 12/03/2016

* No charge will be applied, if the payment instruction has been received via Internet Banking/Mobile.

Payments referred to Central Treasury of RA

According to the CBA Chairman decision No: 1/605L dated 16.09.2005 (amended as per CBA Chairman decision N 1/743L dated 09.07.2014), when payments are referred to Central Treasury of RA, remitter of the payment order should indicate remitter’s (other person’s, on whose behalf the remitter makes the payment) following details.

In case the payment is made on behalf of remitter (on behalf of both Individual and Legal Entity or Individual Entrepreneur):

  • Remitter’s Name/Surname
  • Remitter’s Public Service Number (PSN) or number of the certificate on PSN absence (if applicable) or legal Entity’s/Individual Entrepreneur’s TPN (tax payment number)

In case the payment is made on behalf of other individual:

  • Individual’s Name/Surname
  • Individual’s PSN or number of the certificate on PSN absence (if applicable)
  • Individual’s Residency (RA resident or not RA resident)
  • Identification document issuing country (e.g. Armenia, United Kingdom, Kazakhstan)
  • Identification document type (e.g. biometric passport, foreign country passport, ID card, etc.)
See below the list of documents and the information required depending on document type to be included in local payment instructions in AMD
The name of the document Minimum information required to include
Biometric passport Document 1. serial and number
ID Card Document 1. serial and number
Military card Document 1. serial and number
Passport Document 1. serial and number
Temporary document (passport) provided instead of passport Document 1. serial and number
Temporary certificate provided instead of ID Document 1. serial and number
Birth certificate (applicable for the persons up to 16 years old) Document 1. serial and number
Asylum Seeker's ID Card Document 1. serial and number
Convention travel document for refugees Document 1. serial and number, 2. Expiry date
Foreign country passport Document 1. serial and number, 2. Date of Birth, 3. Document Issue Date
Internationally recognized Foreign Identification Documents Document 1. serial and number, 2. Date of Birth
Residency Card for foreign citizens Document 1. serial and number, 2. Issue Date
Special Passport of RA Document 1. serial and number
Driving License Document 1. serial and number
Death Certificate Document 1. serial and number, 2. Issue Date, 3. Number of the Identification document of the deceased person (if available)
Other document (not specified above) which is within international standard and can be applied in the area Document 1. serial and number
See below the list of documents and the information required depending on document type to be included in local payment instructions in AMD
The name of the document Biometric passport
Minimum information required to include Document 1. serial and number
The name of the document ID Card
Minimum information required to include Document 1. serial and number
The name of the document Military card
Minimum information required to include Document 1. serial and number
The name of the document Passport
Minimum information required to include Document 1. serial and number
The name of the document Temporary document (passport) provided instead of passport
Minimum information required to include Document 1. serial and number
The name of the document Temporary certificate provided instead of ID
Minimum information required to include Document 1. serial and number
The name of the document Birth certificate (applicable for the persons up to 16 years old)
Minimum information required to include Document 1. serial and number
The name of the document Asylum Seeker's ID Card
Minimum information required to include Document 1. serial and number
The name of the document Convention travel document for refugees
Minimum information required to include Document 1. serial and number, 2. Expiry date
The name of the document Foreign country passport
Minimum information required to include Document 1. serial and number, 2. Date of Birth, 3. Document Issue Date
The name of the document Internationally recognized Foreign Identification Documents
Minimum information required to include Document 1. serial and number, 2. Date of Birth
The name of the document Residency Card for foreign citizens
Minimum information required to include Document 1. serial and number, 2. Issue Date
The name of the document Special Passport of RA
Minimum information required to include Document 1. serial and number
The name of the document Driving License
Minimum information required to include Document 1. serial and number
The name of the document Death Certificate
Minimum information required to include Document 1. serial and number, 2. Issue Date, 3. Number of the Identification document of the deceased person (if available)
The name of the document Other document (not specified above) which is within international standard and can be applied in the area
Minimum information required to include Document 1. serial and number

Note:  Above list can be expanded by Central Bank of RA in case of need.

 

In case the payment is made on behalf of other Legal Entity/Individual Entrepreneur:

  • Legal Entity’s name or Individual Entrepreneur’s name, surname
  • TPN (tax payment number)
  • Residency of Legal Entity/Individual Entrepreneur (RA resident or not RA resident) 

Payments related to administrative penalties, charges directed to Road Police

Please be advised that starting from 01 November, 2015 payments related to administrative penalties, charges directed to Road Police received via payment orders in Bank's branch, through Phone banking service or Internet/Mobile banking systems will not be processed.

Payments of Road Police administrative penalties, charges temporary will not be available through TelCell in the branches or via Phone banking service of the Bank as well.

The Bank will inform you additionally as soon as the service of payments related to administrative penalties, charges directed to Road Police are available through TelCell.

Important notice on customer transactions

"HSBC Bank Armenia" cjsc (hereinafter the Bank), acknowledging the importance of international obligations of HSBC Group and Republic of Armenia in scope of combating money laundering and terrorism financing, as well as compliance with the requirements of the RA Law on Combating Money Laundering and Terrorism Financing, has established internal processes and procedures which are aimed at collection of information and documents related to transactions performed by its customers for the purpose of establishing the source of funds and purpose of the transaction.

For this purpose, the Bank may request the customers to provide additional information on the source of funds and purpose of transactions, as well as request additional documents evidencing source of funds and transaction purpose where necessary.

In case if the above mentioned information and documents are not provided, the Bank has the right to reject the transaction. The Bank's and the customer's rights and obligations in scope of the preventing financial crime and money laundering are regulated by the Bank's "General Terms and Conditions for the Operation of Customer Bank Accounts, Bank Deposits, Electronic Banking and Other Banking Services" (hereinafter- the General Terms and Conditions), Clause 1.17. of General Provisions section, as well as Appendix 1 of the General Terms and Conditions - Collections and Use of Customer Information (Financial Crime Risk Management and Tax Compliance).

Placing utmost importance on the security of customer service and prevention of financial crime, the Bank expects your cooperation for timely provision of the requested information and documents when making transactions.

Last updated on: 18/6/2019 08:35:39