Tariff of Charges. For Legal entities

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Imogene Leonard
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1 Tariff of Charges For Legal entities

3 General Conditions The following tariff of charges are defined for HSBC Bank Armenia cjsc all account related products and services for legal entities. The general terms and tariff of charges related to products and services offered by the Bank are subject to amendments and modifications. For complete, detailed, up to date information and upcoming changes on HSBC Bank Armenia cjsc products and services, please contact any of our offices/branches or visit our website at All types of charges are debited/paid in AMD. As a rule, all charges will be debited/paid from the account to which the banking transaction has been effected. If the subject account is in foreign currency, the bank reserves the right to conduct a foreign exchange transaction for the amount to be charged in AMD. The foreign exchange 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 in this Tariff of Charges.

4 Accounts Account opening fee Current account 5,000 Time deposit (including cumulative) account 1 Current accounts can be opened in the following currencies: AMD, USD, EUR, GBP, RUB, JPY, CNY. Additional account opening fee Current account 3,000 Monthly maintenance fee Irrespective of the fact whether the customer uses the account or not, monthly maintenance fee of AMD will be applied to each current account Additional annual maintenance fee Applicable only for embassies The Bank will apply additional annual fee in the amount of AMD 1,900,000 2 and charge it. Average quarterly balance If the aggregate average quarterly balance of all bank accounts held by a customer at the end of the first business day of any given month is below AMD 5,000,000 (or in case of foreign currency accounts equivalent foreign currency) for preceding three months, an additional maintenance fee in the amount of AMD 100,000 2 will be applied each month. Minimum deposit Current account Not required Time deposit (including cumulative) account AMD 4, 000,000 USD 10, 000 EUR 10, Time deposit account can be opened, only if AMD current account already exists 2 If the charge is being deducted from the foreign currency account, the transaction will be conducted at the buying rate defined by the Bank for the respective currency 4 Tariff of Charges

5 Maximum balance If the credit balance on Customer s account (if there are several accounts, the aggregate credit balance of all those accounts, hereinafter referred to as the Balance ) at the end of any day exceeds the amount of 9,500,000,000 in Armenian dram or its equivalent in foreign currency (hereinafter referred to as Exceeding balance ), starting from the 1st day of exceeding the Balance, the Customer is obliged to pay to the Bank, an additional daily account service fee on daily basis, which equals to maximum 3% annually of the Balance. Meanwhile, For each day the additional daily account service fee should be levied in Armenian dram during the consecutive day. For the purposes of this clause: For foreign currency accounts the Balance, Exceeding balances as well as collection of the additional account service fees are calculated at the buying rate for the given currency on the given day defined by the Bank; Tariff of Charges 5

6 Corporate ATM Cards Card issuance fee for the first 3 cards 1 Additional card issuance fee 1 3,000 Card replacement 3,000 Monthly service fee 2 1,000 Transfer of funds between accounts held at HSBC Armenia Daily transfer limit 3 3,000,000 Cash withdrawal at bank s ATMs Cash withdrawal daily limit 3 500,000 1 First three cards are issued free of charge. Starting from fourth card issuance is subject to Additional card issuance fee per card. 2 Monthly service fee is charged at the beginning of each month for the preceding month 3 Cards daily transactional limit is a total limit for all ATM Corporate cards issued to the Company 6 Tariff of Charges

7 Cash Services Cash Operations Cash deposit Cash withdrawal of funds deposited in cash (AMD, USD,EUR) 1 Cash withdrawal of non cash funds 2 In AMD 0.2%, minimum 1,000 USD/EUR up to 1,000 2,000 1,000 and above 0.5% In other foreign currencies 1.5%, minimum 2,000 Exchange of mutilated foreign currency banknotes, if all necessary distinctive characteristics and parts are available 5% Pay In (Fast cash deposit service) Cash deposit in Envelopes (Fast Bank Envelope) for the amounts up to AMD 10,000,000; USD 30,000 or EUR 20,000 If account is credited before 17:00 of the day of cash deposit (is applicable for the cash deposits delivered to the Bank before 14:00) If account is credited before 12:00 of the next working day of cash deposit Cash deposit in Cash Bundles (Fast Bank Cash) for the amounts exceeding AMD 10,000,000; USD 30,000 or EUR 20,000 1,000 (account credit fee) 1,000 (account credit fee) Collection services 3 Shipment of customer cash and values through collection services company, from the Bank offices/branches to customer s preferred destination and the opposite, within the urban ward of Yerevan 25,000 4 (for one way) Note: The shipment will be done within one working day after receiving customer order 1 For other currencies please refer to the tariff of cash withdrawal of non cash funds 2 Not applicable in case of exchange and/or transfers from customer s other accounts (provided funds were deposited in cash) and in case of cash withdrawals under credit facilities (excluding credit cards) provided by the Bank 3 Collection service will be provided in case there is a trilateral agreement among the Customer, the Bank and the company that provides collection service. 4 Inclusive of VAT Tariff of Charges 7

8 Money Transfers/ Demand Drafts Transfers in AMD (within Armenia) 1 Transfers from account Credit of received funds to customer account Demand draft issuance 6,000 Amendment or cancellation of payment instructions Received by the bank but not processed of charge Received by the bank and processed 5,000 4 Effective till 01 January 2016 Transfers in USD/EUR Commission Outward remittances of funds paid in cash 0.3%* Outward remittances of non-cash funds/subject to foreign currency exchange 0.1%* Transfers in foreign 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%* Effective from 01 January 2016 Transfers in USD/EUR Commission Outward remittances from HSBC 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 branches, submitted in hard copy instructions 3% Outward remittances submitted via HSBCnet 0.285% 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 AMD 5,000 charge. Payment instructions in AMD submitted via HSBCnet will be processed free of charge without transaction amount limitation and as per transfer cut-off times. 3 If the charge is being deducted from the foreign currency account, the transaction will be conducted at the buying rate defined by the Bank 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 * The charge will be reduced by 0.015%, if the transaction has been submitted via HSBCnet 8 Tariff of Charges

9 Effective till 01 January 2016 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 the last 3 months, expressed in USD Commission 50, , %* 100,000 and above 0.1%* Other Conditions 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 6,000 Amendment or cancellation of foreign currency payment instruction Received by the bank but not processed of charge Received by the bank and processed 20, If the amendment or cancellation has been effected via HSBCnet, a reduced charge of AMD 9,000 will be applied * The charge will be reduced by 0.015%, if the transaction has been submitted via HSBCnet Tariff of Charges 9

10 Payment Type Currency Cut-off time Value Effected Local payments AMD 15:00 Same day value Instructions submitted via HSBCnet Local payments AMD 14:00 1 Same day value Instructions submitted in hard copy Local payments USD 17:00 Same day value EUR, GBP, RUB, CHF, AED, HKD, CAD, GEL, CNY AUD, JPY Next business day value Second business day value International payments USD 17:00 Same day value EUR, GBP, RUB, CHF, AED, HKD, CAD, GEL, CNY AUD, JPY Next business day value Second business day value Transfers between accounts held at the Bank All currencies 17:00 Same day value 1 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 AMD 5,000 charge. Payment instructions in AMD submitted via HSBCnet will be processed free of charge without transaction amount limitation and as per transfer cut-off times. 10 Tariff of Charges

11 Important notes Minimum commission for any foreign currency outward remittance or Demand Draft issuance (effective till 01 January 2016) 6,000 Minimum commission for any foreign currency outward remittance or Demand Draft issuance made via branches (effective from 01 January 2016) 50,000 Minimum commission for any foreign currency outward remittance via HSBCnet (effective from 01 January 2016) 6,000 The bank is not liable for any refund, if payment has already been effected to the beneficiary Demand Draft service is not provided to banks and financial institutions Intermediary/beneficiary bank charges may be made either at the expense of beneficiary or remitter, at customer s decision and with the prior consent of the bank Commissions if intermediary/beneficiary bank charges are paid by the remitter outward remittances in USD to any bank located in the United States 5,000 outward remittances in USD to any bank located outside the United States 10,000 outward remittances in other foreign currencies 5,000 1 Commission for outward remittances 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 5,000 1 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 Tariff of Charges 11

12 HSBCnet and Telephone Banking HSBCnet HSBCnet initial setup and training (including 5 Security Devices) 30,000 1 * (one off) Additional security device 2 Additional site visit 8,000* per item 5,000* (one off) Monthly service fee 7,000 3 Important note: Please refer to HSBCnet leaflet for details, terms and conditions. Telephone Banking For Legal Entities Telephone Banking sign up fee Maintenance Important note: The list of banking services provided to legal entities is defined based on Agreement on processing of instructions submitted via telephone. 1 If the charge is being deducted from the foreign currency account, the transaction will be conducted at the buying rate defined by the Bank for the respective currency 2 The quantity of additional security devices can be 5, 10, 15 or 20 3 Monthly fee is applicable, if customers use Enquiry only access and/or if less than 75% of all monthly non-cash outward transactions are done via HSBCnet * Inclusive of VAT 12 Tariff of Charges

13 STATUS Services Preferential treatment and designated service area You can enjoy STATUS services free of charge if your company meets any of the following criteria: The company s deposits with the Bank are not less than AMD100 million on average quarterly basis. The company s overall value of the credit facilities with the Bank is not less than AMD400 million. Tariff of Charges 13

14 Other Services Cheques/Chequebooks 1 Issuing chequebook Placement of Stop Payment instruction 3,000 Removal of Stop Payment instruction Return of cheque due to insufficient funds 5,000 Salary Autopay Monthly salary payment processing for employees of companies If the list of beneficiaries is provided electronically, in addition to hard copy If the list of beneficiaries is provided on hard copy only 10,000 PoS Terminals Installation of equipment 5,000* Low turnover penalty 2 5,000 Commission fee from transaction On contractual basis GPRS installation fee 1,000* GPRS monthly fee 1,000* (plus traffic usage fees) Safe Deposit Lockers Safe Deposit Lockers are available for rental either on monthly or annual basis Fee (available for term of up to one year) Large 120,000* Medium 90,000* Small 36,000* Fee (available for term of up to one month) Large, medium 30,000* Small 15,000* Note: Safe Deposit Lockers are available for only those legal entities that have signed Safe Deposit Locker s agreements before 02 November Chequebooks are provided to current account holders only in AMD and USD 2 The charge is debited from customer account during the month following each quarter, as monthly penalty, if the average monthly turnover for previous quarter is below AMD 300,000 * Inclusive of VAT 14 Tariff of Charges

15 Bank Account Statements / Other Documentation Delivery By courier within Armenia Monthly By courier outside Armenia (delivery via standard mail only) Monthly (charged monthly) 25,000 1 * By Monthly, weekly, daily By SWIFT Monthly, weekly, daily Collection from branches Monthly, weekly, daily Bank account advices/statements provision and power of attorney issuance Power of attorney issuance and appropriate update of account information 5,000 Bank confirmation of information for audit purposes 10,000* Advices confirming bank account/loan information/balance 2 5,000* For each copy of bank account statement/transaction advice (if earlier than 6 months) 3,000* For transaction history advice of each month (if earlier than 6 months) 3,000* Notes: For the list of documents required for opening bank account please refer to our website at visit any of our branches/offices or call us at For additional information about banking services presented in this brochure, please refer to our website at or General Terms and Conditions for the Operation of Customer Bank Accounts, Bank Deposits, Electronic Banking and Other Banking Services for legal entities brochure. In case of discrepancies between the Armenian and English versions of this brochure, the Armenian version shall prevail. 1 If the charge is being deducted from the foreign currency account, the transaction will be conducted at the buying rate defined by the Bank for the respective currency 2 Balance confirmations will be presented as of the date and time ofconfirmation request * Inclusive of VAT Tariff of Charges 15

16 Issued by HSBC Bank Armenia cjsc HSBC Bank Armenia is a member of HSBC Group, one of the largest banking and financial services organizations in the world. HSBC Group international network comprises around 6,100 offices in over 73 countries and territories Legal sign off 66 Teryan Street, Yerevan 0009, Republic of Armenia HSBC Bank Armenia cjsc, All Rights Reserved. Effective from 02 November 2015.

Tariff of Charges. For Legal entities

Tariff of Charges. For Legal entities Tariff of Charges For Legal entities General Conditions The following tariff of charges are defined for HSBC Bank Armenia cjsc all account related products and services for legal entities. The general