The world's local bankCash Operations
Individuals (STATUS)
| Encashment of funds deposited in cash | Free |
| Encashment of non cash funds: GEL USD/EUR |
Free 0.5% min GEL 2 |
| Credit of foreign currency received funds to account | Free |
Legal entities
| Encashment of funds deposited in cash | Free |
| Encashment of non cash funds: GEL USD/EUR |
0.3% min GEL1 0.5% min GEL 2 |
| Exchange of damaged or mutilated foreign currency banknotes, if all necessary main features and parts are intact | 5% |
Money Transfers/Demand Drafts
Remittances in foreign currency
This is an efficient and secure way of transferring and receiving foreign currency funds. Explanations and instructions may accompany the payment. Received transfers are credited to accounts in the currency mentioned in the payment instruction, and if such an account does not exist the funds are credited to customer's GEL account.
Transfers are effected according to the following charge scheme.
Individuals (STATUS)
USD/EUR
| Against cash | 0.1% min USD 15 or equivalent GEL |
| Against non cash | 0.1% min USD 15 or equivalent GEL |
GBP
| Against cash | 0.2% min USD 25 or equivalent GEL |
| Against non cash | 0.2% min USD 25 or equivalent GEL |
Legal entities
USD/EUR
| Against cash | 0.2% min USD 15 or equivalent GEL |
| Against non cash | 0.2% min USD 15 or equivalent GEL |
GBP
| Against cash | 0.2% min USD 25 or equivalent GEL |
| Against non cash | 0.2% min USD 25 or equivalent GEL |
| In currencies other than USD/EUR | Negotiable |
| Cancellation of payment instruction | USD 60 or equivalent GEL |
Important notes:
Cut off time: Payment instructions received before 17:00 will be executed on the same day. Payments instructions received after 17:00 will be executed on the next business day.
The bank is not liable for any refund, if payment has already been effected to the beneficiary.
Intermediary/beneficiary bank charges may be either to beneficiary or to remitter account, at customers decision, with the prior consent of the bank.
The customer has an option to choose Principal Protect scheme which means that recipient will receive the transfer amount in full and no extra charges from intermediary banks will follow. The fee for this option is GEL 50.
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.
Click here for the Bank details required for receiving transfers in foreign currencies.
Remittances in GEL
| Transfer between HSBC Bank Georgia accounts | Free |
| Outward remittance | 0.05% min GEL 1 |
| Cancellation of payment instructions | GEL 10 |
Cheques / Chequebooks *
| Issuing chequebook 25 – leaf 50 – leaf |
GEL 15 GEL 25 |
| Placement of “Stop Cheque” instruction | Free |
| Removal of “Stop Cheque” instruction | Free |
| Return of cheque due to insufficient funds | GEL 20 |
*Chequebooks are available only to current account holders.
Other cheque clearing
| Deposit into the account | GEL 80 |
Returned/unpaid cheques are subject to a charge of USD50, plus intermediary/returning bank charges.
Important note
Acceptance of other bank cheques is subject to agreement.
