In AMD (within Armenia)1
Outward remittances from HSBC Bank Armenia branches, submitted in hard copy instructions2 | AMD 5,0003 |
Outward remittances submitted via HSBCnet | Free |
Credit of received funds to customer account | Free |
Amendment or cancellation of payment instructions | |
Received by the bank but not processed | Free |
Received by the bank and processed | AMD 5,0004 |
Transfers in Foreign currency
Transfers in USD/EUR | Commission |
---|---|
Outward remittances from HSBC Bank Armenia branches, submitted in hard copy instructions | 0.3%* |
Outward remittances submitted via HSBCnet | 0.085%* |
Transfers in foreign currencies other than USD/EUR | |
Outward remittances from HSBC Bank Armenia branches, submitted in hard copy instructions’ | 3%* |
Outward remittances submitted via HSBCnet | 0.285%* |
Other Conditions | |
---|---|
Transfers between accounts held at the Bank | Free |
Credit of foreign currency inward remittance amounts to account, if all charges are not paid by the remitter | AMD 6.000 |
Amendment or cancellation of foreign currency payment instruction | |
Received by the bank but not processed | Free |
Received by the bank and processed | AMD 20.0005 |
Payment Type | Currency | Cut-off time | Value Effected |
---|---|---|---|
Local payments
instructions submitted via HSBCnet |
AMD | Before 15:00 | Instructions submitted before 15:00 will be effected with same day value |
AMD | After 15:00 | Instructions submitted after 15:00 will be effected next business day value the latest | |
Local payments
instructions submitted in hard copy |
AMD | Before 14:002 | Instructions submitted before 14:00 will be effected with same day value |
AMD | After 14:00 | Instructions submitted after 14:00 will be effected next business day value the latest | |
Local payments | USD | Before 17:00 | Instructions submitted before 17:00 will be effected with same day value |
After 17:00 | Instructions submitted after 17:00 will be effected next business day value the latest | ||
EUR | Before 14:00 | Instructions submitted before 14:00 will be effected with same day value | |
After 14:00 | Instructions submitted after 14:00 will be effected next business day value the latest | ||
RUB | Before 13:00 | Instructions submitted before 13:00 will be effected with same day value | |
After 13:00 | Instructions submitted after 13:00 will be effected next day value the latest | ||
GBP, CHF, AED, HKD, CAD, CNY | Before 17:00 | Instructions submitted before 17:00 will be effected with next business day value | |
After 17:00 | Instructions submitted after 17:00 will be effected second business day value the latest | ||
AUD, JPY | Before 17:00 | Instructions submitted before 17:00 will be effected with second business day value | |
After 17:00 | Instructions submitted after 17:00 will be effected third business day value the latest | ||
International payments | USD | Before 17:00 | Instructions submitted before 17:00 will be effected with same day value |
After 17:00 | Instructions submitted after 17:00 will be effected next business day value the latest | ||
EUR | Before 14:00 | Instructions submitted before 14:00 will be effected with same day value | |
After 14:00 | Instructions submitted after 14:00 will be effected next business day value the latest | ||
RUB | Before 13:00 | Instructions submitted before 13:00 will be effected with same day value | |
After 13:00 | Instructions submitted after 13:00 will be effected next day value the latest | ||
GBP, CHF, AED, HKD, CAD, CNY | Before 17:00 | Instructions submitted before 17:00 will be effected with next business day value | |
After 17:00 | Instructions submitted after 17:00 will be effected second business day value the latest | ||
AUD, JPY | Before 17:00 | Instructions submitted before 17:00 will be effected with second business day value | |
After 17:00 | Instructions submitted after 17:00 will be effected third business day value the latest | ||
Transfers between accounts held at the Bank | All currencies | Before 17:00 | Instructions submitted before 17:00 will be effected with same day value |
After 17:00 | Instructions submitted after 17:00 will be effected next business day value the latest |
Important notes
outward payments in USD to any bank located in the United States | AMD 5,000 |
outward payments in USD to any bank located outside the United States7 | AMD 10,000 |
outward payments in other foreign currencies | AMD 5,0006 |
Requisites for wire transfers:
If you wish to receive a foreign currency transfer, you should have the correspondent bank details/requisites, depending on the currency of funds being transferred.
Bank details required for receiving transfers in foreign currencies
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 If the paper payment instruction in AMD (for amounts of up to AMD 25 million) is submitted to the Bank after 14:00, but not later than 15:00 and requested to be processed on the same day, the Bank will process the instruction, applying additional AMD 5,000 charge.
3 If the charge is being deducted from the foreign currency account, the transaction will be conducted at the average/mean foreign currency rate published by the Central Bank of Armenia (CBA) as of the previous/ current day of transaction (depending on the time of the transaction), unless it is specified otherwise between the Bank and the Client for the respective currency.
4 If the amendment or cancellation has been effected via HSBCnet, a reduced charge of AMD 3,000 will be applied.
5 If the amendment or cancellation has been effected via HSBCnet, a reduced charge of AMD 9,000 will be applied.
6 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.
7 In case of outward remittances in USD to any bank located outside the United States, HSBC Bank Armenia doesn’t guarantee the full amount reaching the beneficiary.
*Calculated over the amount to be transferred
Last updated on: 22/11/19 18:47 UTC
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