The world's local bankCash Operations
Legal entities
| Encashment of funds deposited in cash | Free |
| Encashment of non cash funds: GEL USD/EUR/GBP/CHF |
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
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 between HSBC Bank Georgia accounts are free.
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 in local currency received before 15:00 o'clock will be executed on the same day. Payments instructions in local currency received after 15:00 o'clock will be executed on the next business day.
Payment instructions in foreign currency received before 17:00 o'clock will be executed on the same day. Payments instructions in foreign currency received after 17:00 o'clock 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's account, at customer's 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.
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.
