Terms and tariffs

You can become STATUS customer for free if you are HSBC Bank Armenia (hereafter Bank) customer and your account data meets any of the following criteria

• the current average aggregate credit balance of your accounts at the Bank for the last three months is not less than AMD 20 million or equivalent foreign currency 
• you are a STATUS customer immediate family member (spouse, father, mother, son, daughter)¹
• your net monthly salary and alike payments are minimum AMD 2.5 million or equivalent foreign currency and are being transferred to your Bank account²
  
• your current personal loan portfolio³ at the Bank is minimum AMD 100 million
• you are HSBC Group Premier or Private Banking Customer 
• the Bank may offer you to be STATUS customer, if you are shareholder or director of corporate customer of the Bank

In the future, if you do not meet the above set criteria you may still temporarily benefit from STATUS for AMD 20,000 per month⁴ on Bank’s discretion.

¹ Family members can use STATUS service if the average credit balance of STATUS customer accounts at the Bank for the last three months was not less than AMD 20 million or equivalent foreign currency.

² You will be given grace period to replenish your accounts within the next 24 months after becoming a Bank STATUS customer, so that the average credit balance of your accounts for last three months of the above period should be not less than AMD 20 million or equivalent in foreign currency. 

³ STATUS service will apply until loans whole repayment.

⁴ It is not applicable during 6 months after becoming STATUS customer.

Enjoy free account opening and servicing.

¹You can familiarize yourself with the list of required documents for respective accounts opening, as well as accounts opening and closing procedures in that account-related part of our website (links to the respective pages are available above).

² Escrow account is a one-time account service provided by the Bank for ensuring secure settlements between the parties to real estate property sale and purchase transactions.

International Visa PLUS ATM card is issued with your current account. You can choose to have two accounts attached to one ATM card and manage your accounts from ATMs. Moreover you can withdraw cash free of charge from HSBC Group ATMs worldwide.

¹ Cash withdrawal daily limit may vary due to the limits of the country/region or bank.

As a STATUS customer get a free Mastercard World Black Edition card, the best-in-class card product within Mastercard family premium-level cards introduced in Armenia.

The card package includes:

Travel insurance free package offers various insurance services, with up to EUR 50,000 coverage worldwide. Enjoy your trip while Mastercard World Black Edition card takes care of the rest.

Mandatory condition: travel insurance is applicable only in case 50% or minimum EUR 300 amount (whichever is less) of the trip cost has been paid by using your Mastercard World Black Edition Card.

For more information:

Mastercard World Black Edition card guarantees high level of security. Make fast and secure payments via innovative Contactless technology.

Mastercard Airport Experiences gives access to airport VIP lounges in over 1200 airports around the world. As a World Mastercard Black Edition cardholder you receive one free access to VIP lounges on an annual basis.²

²Additional cardholder does not have free access

¹Maximum daily limit of cash withdraw is AMD 1 million to each of the accounts linked to ATM card. The service is available if ATM has cash deposit opportunity.

²Applicable on the loan encashment, not applicable for withdrawal of funds converted through FX transactions (including conversions made before 18 August 2023), and interest paid on deposits. Funds placed as time deposit with a term 91 days and more and not terminated before due date (or funds placed as a time deposit for a shorter tenor but rolled over/stayed for 91 days and more till maturity) are considered as cash.

³Not applicable for withdrawal of  funds converted through FX transactions (including conversions made before 18 August 2023), interest paid on deposits and loan encashment. Funds placed as time deposit with a term 91 days and more and not terminated before due date (or funds placed as a time deposit for a shorter tenor but rolled over/stayed for 91 days and more till maturity) are considered as cash.

⁴Applicable on the exchanged amount (including conversions made before 18 August 2023) as well as loan encashment.

Important note: The Bank may terminate the agreement on processing of instructions submitted via Telephone banking (Phone Banking) signed between the Bank and the customer in case if no transaction is done via Phone Banking during the last 12 months.

Important note: The Bank may terminate the agreement on processing of instructions submitted via online/mobile banking service, in case customer’s profile is not active (no logons) during the last 12 months.

¹Mobile Banking service is available only to HSBC online banking users. 

Being a member of SWIFT global electronic payments network, we offer transfers in Armenian drams and all major currencies: USD, EUR, GBP, RUB, CHF, AUD, AED, HKD, JPY and CAD.

Important notes:

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(s) charges may be paid either at the expense of beneficiary or remitter, at customers’ decision and with the prior consent of the bank.

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 payments in other foreign currencies: AMD 5,000³
  

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.

¹In 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.

²If the payment instruction (for amounts of up to AMD 25 million or equivalent foreign currency) is submitted to the Bank not later than 15:00 will be processed same day.

³If 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.

¹Chequebooks are provided to current account holders only in AMD and USD.

²Cash withdrawal of cheque amount in foreign currency is subject to a charge of 0.4%.

Safe Deposit Lockers are available for rental on either a monthly or an annual basis For HSBC STATUS customers only who are Bank account holders minimum 12 months.

¹Customer can have only one of the following sized lockers simultaneously: 1 extra large or 1 large or 2 medium or 2 small or 1 medium and 1 small size locker.

²Inclusive of VAT.

¹Any foreign exchange transactions will be conducted at the Bank's exchange rate.

²For customers using Internet Banking services.

³Balance confirmations will be presented as of the date and time of confirmation request receipt

⁴If requested via Internet/Mobile or Phone Banking services, reduced charge of AMD 1,000 will be applied for each copy. Documents will be sent to the branch of your choice within 3-5 working days after receipt of the request.

⁵VAT included.

As a STATUS customer enjoy preferential terms for number of other products and services.

• + 0.5% for term deposits in AMD
• + 0.25% for term deposits in USD

¹ Not applicable to the loans provided in scope of the Special offer for Personal assistance loans.

Preferential rate is applied only if property is purchased with loans provided by HSBC Bank Armenia.

Insurance can be done either by full market value of the property or by loan amount upon borrower's discretion. If the property is insured for part of its value insurance compensation will be paid in the same proportion ratio of the sum insured and the property's full market value.

Important note: Loan interest amount is being calculated based on the annual nominal interest rate, whereas the annual percentage rate or APR indicates how much would loan cost to borrower in case of repayment of interest amount and other payments under the defined timeline and terms. 

Call us on +374 (60) 655 151

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