Conversion between the card accounts

If you frequently use a bank card, make transactions on POS terminals and ATMs in different currencies, the conversion scheme offered for the transactions made via TBC Bank's card is tailored to your needs and focuses on your satisfaction. 


SCHEME FOR CURRECNY EXCHANGE BETWEEN THE ACCOUNTS – EXAMPLE NO 1

How currency exchange between the card accounts and deduction of funds is carried out?

Amount for the transaction carried out via the plastic card is deducted from the currency account, in which the funds have been used. If the customer has card account in the transaction currency, the transaction amount will be deducted from the account of the relevant currency, and the amount not sufficient for the transaction will be repaid based on currency priority.

Full amount of USD 100 will be deducted from US Dollar account, and 1 (one) USD equivalent amount will be accumulated based on currency priority, from GEL account in this case, by conversion – via the currency exchange transaction using the commercial exchange rate defined by the Bank at the moment of non-cash transaction. **
 

 

GEL (Priority 1)

USD (Priority 2)

EURO (Priority 3)

GBP (Priority 4)

Account balances

500

99

200

100

Requested funds

-

100

-

-

Accumulation/Conversion

-2

+1

-

-

Debited amount

-

100

-

-

Balances after conversion and debiting

498*

0

200

200

*Exchange rate used in the example: 1USD=2GEL
**1. Note that date of transaction and date of reflecting on the account may differ; moreover, date of transaction reflection on the account and currency exchange transaction date may also differ.
***Currency priorities are set according to user demand

SCHEME FOR CURRENCY EXCHANGE BETWEEN THE ACCOUNTS – EXAMPLE NO 2

If requested amount exceeds the balance on the currency account relevant to the requested amount when processing such a transaction, even if the balance in the account corresponding to the currency of the transaction does not suffice, insufficient balance is replenished by conversion while performing the transaction according to the commercial rate effective at the Bank based on the currency priority and the amount is debited from the account corresponding to the currency of the transaction.

 

 

GEL (Priority 1)

USD (Priority 2)

EURO (Priority 3)

GBP (Priority 4)

Account balances

0

2

200

50

Requested funds

-

50

-

-

Accumulation/Conversion

-

+48

-43.2

-

Debited Amount

-

50

-

-

Balances in accounts after conversion and debiting

-

0

156,8**

50

**exchange rate used in the example: 1USD=0,90EUR
***Currency priorities are set according to user demand

SCHEME FOR CURRENCY EXCHANGE BETWEEN THE ACCOUNTS – EXAMPLE NO 3

If transaction currency differs from the currencies attached to the card account and card account is in three currencies – currency exchange rate will be determined by VISA/MC. The transaction amount will be reflected at VISA/MC exchange rate valid on the date of processing the transaction in the settlement system.

Note: due to the fact that funds could be deducted in few days after transaction is made by the customer, one should consider that VISA/Master Card exchange rate at the moment of blocking the amount and exchange rate valid on the day of transaction processing could differ.

 

Requested amount 50 Turkish Lira  e.g.: 50TRY=20 USD

 

GEL (Priority 1)

USD (Priotiry 2)

EURO (Priotiry 3)

Requested amount

GBP (Priotiry 4)

Account balances

500

10

200

 

-50

Requested funds

-

-

-

50 TRY

-

Accumulation/Conversion

-20

+10

-

 

-

Debited Amount

-

20*

-

 

-

Balances in accounts after conversion and debiting

    480**

0

200

 

50

*Exchange rate used in the example: 1 TRY =0,40 USD.
**Exchange rate used in the example:  1USD=2GEL.
***Currency priorities are set according to user demand

***Accumulation/Conversion is carried out at the commercial rate effective at the Bank.

****This rate may include an additional fee set by the Bank amounting to 3% of the transaction amount.

***** Information about VISA/MC courses can be obtained from their official website

https://www.mastercard.us/en-us/personal/get-support/convert-currency.html  

https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html


As the amount was used in the currency different from the currencies (GEL;USD;EUR) considered under the card system, the amount is deducted from USD account at the exchange rate provided by VISA/MC on the processing date of transaction in the settlement system; if the funds are not sufficient on the USD account, the transaction will be reflected according to the examples 1 and 2 discussed above.  

SCHEME FOR CURRENCY EXCHANGE BETWEEN THE ACCOUNTS – EXAMPLE NO 4

Card account is opened in GEL curreny only and transaction currency differs from the currency of card account.

Priority

Account currency

Account balance

1.

GEL

500

 

The amount requested by the customer - 50(TRY) Turkish Lira

 

GEL (priority)

Transaction currency

Account balances

500

-

Requested funds

-

50TRY *

Deducted funds

-40**

-

Balances in accounts after conversion and debiting

 

460

-

* Exchange rate used in the example: 1 TRY =0,40 USD.
** Exchange rate used in the example:  1USD=2GEL.

***Accumulation/Conversion is carried out at the commercial rate effective at the Bank.

 

Conversion at the Bank branches to and from USD and GEL is carried out at the commercial rate effective at the Bank at the time of pyment and outside the Bank network, currency exchange between USD and TRY – at exchange rate set by VISA or Master Card.

SCHEME FOR CURRENCY EXCHANGE BETWEEN THE ACCOUNTS – EXAMPLE NO 5

If the transaction currency is other than the three currencies linked to the card account, the currency exchange rate is set by VISA/MC. The transaction amount deduction is posted in the payment system at the VISA/MC exchange rate on the day of the transaction processing*.

Note: as the amount can be deducted after several days from the customer's posting of the transaction, it is to be taken into account that the VISA/Master Card exchange rate effective at the time of (upon) blocking the amount and the exchange rate on the day of the transaction processing by the payment system may differ.

The requested amount - 50 Turkish Lira. For example, 50 TRY=20 USD + 0.6 USD (3% of the transaction amount).

 

 

GEL (Priority 1)

USD (Priority 2)

EUR (Priority 3)

Requested amount

GBP (Priority 4)

Balances in accounts

500

10

200

 

50

Requested amount

-

-

-

50TRY

-

Accumulation/Conversion

-21.2

+10.6

-

 

-

Debited Amount

-

20.6**

-

 

-

Balances in accounts after conversion and debiting

479.8***

0

200

 

50

 

*This rate may include an additional fee set by the Bank amounting to 3% of the transaction amount.
**Exchange rate used in the example: 1 TRY=0,40 USD.
***Exchange rate used in the example:  1USD=2GEL.
***Accumulation/Conversion is carried out at the commercial rate effective at the Bank

****Currency priorities are set according to user demand

***** Information about VISA/MC courses can be obtained from their official website

https://www.mastercard.us/en-us/personal/get-support/convert-currency.html  

https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html

As the transaction currency is other than the payment card currencies (GEL, USD, EUR), the amount is deducted from USD account at the exchange rate set by VISA/MC on the day of performing the transaction in the payment system; if the amount available in the USD account is not enough/sufficient, the transaction is posted as in Examples 1 and 2 provided above.

Scheme of Conversion between Accounts – Example #6

If the transaction amount exceeds the available balance in the account denominated in the same currency as the transaction, whether or not there is sufficient balance in the relevant account, the balance will be replenished through conversion at the Bank's exchange rate at the time of the transaction, according to the order of priority set for currencies on your card.

 

 

GEL (Priority 1)

USD (Priority 2)

EUR (Priority 3)

GBP (Priority 4)

Balances in accounts

15

20

50

10

Transaction amount

100

-

-

-

Collection through conversion

-

-20*

-6.25**

-

Debited amount

100

-

-

-

Balances in accounts after conversion and debiting

0

0

43.75

50

 

*Exchange rate for Example 1: 1 USD = 3 GEL;
**Exchange rate for example 2:1 EUR = 4 GEL.
***Currency priorities are set according to user demand

In this case, if 100 GEL is not available in the account, it will be collected (converted) first from the USD account (20 USD = 60 GEL), and then, the remaining 25 GEL, from the EUR account (6.25 EUR = 25 GEL). The transaction amount (100 GEL) will be fully debited from the GEL account. In the case of a chargeback, the full amount will be refunded to the client's GEL account, while the conversion of 20 USD and 6.25 EUR will not be reversed.

 

If a merchant cancels the transaction and the respective authorization code is not sent to the Bank, 20 USD and 6.25 EUR will be returned to the client's accounts from which they were collected, which means that the current balances in the relevant accounts will be credited by 15 GEL; 20 USD; 6.25 EUR respectively (together totaling the transaction amount – 100 GEL).

Scheme of Conversion between Accounts – Example #7

GBP ის  ანგარიშიდან ჩამოიჭრება სრული თანხა 150GBP, ხოლო 50 (ორმოცდაათი)გირვანქა სტერლინგის ეკვივალენტი თანხის შეგროვება განხორციელდება ვალუტების პრიორიტეტულობის გათვალისწინებით, ამ შემთხვევაში, ლარის ანგარიშიდან, კონვერტაციის გზით, უნაღდო ანგარიშსწორების განხორციელების მომენტისთვის ბანკში დადგენილი კომერციული კურსის შესაბამისად.**

 

 

ლარი(პრიორიტეტი 1)

დოლარი (პრიორიტეტი 2)

ევრო (პრიორიტეტი 3)

ფუნტი  სტერლინგი (პრიორიტეტი 4)

ნაშთები ანგარიშებზე

500

99

200

100

მოთხოვნილი თანხა

-

-

-

150

შეგროვება/კონვერტაცია

-200

-

-

+50

ჩამოჭრილი თანხა

-

-

-

150

ნაშთები ანგარიშებზე კონვერტაციისა და თანხის  ჩამოჭრის შემდეგ

300*

99

200

0

*მაგალითში მოცემული კურსი: 1GBP = 4 GEL.
**1. გაითვალისწინეთ, რომ შესაძლებელია ტრანზაქციის განხორციელებისა და ტრანზაქციის ანგარიშზე ასახვის დღე განსხვავდებოდეს ერთმანეთისგან; ასევე შესაძლებელია ტრანზაქციის ანგარიშზე ასახვის და კონვერტაციის დღე განსხვავდებოდეს ერთმანეთისგან.
***ვალუტების პრიორიტეტები განისაზღვრება მომხმარებლის მოთხოვნის შესაბამისად

Scheme of Conversion between Accounts – Example #8

ლარის  ანგარიშიდან ჩამოიჭრება სრული თანხა 200 ლარი , ხოლო 100 (ასი) ლარის ეკვივალენტი თანხის შეგროვება განხორციელდება ვალუტების პრიორიტეტულობის გათვალისწინებით, ამ შემთხვევაში, ფუნტი სტერლინგის  ანგარიშიდან, კონვერტაციის გზით, უნაღდო ანგარიშსწორების განხორციელების მომენტისთვის ბანკში დადგენილი კომერციული კურსის შესაბამისად.**

 

 

ფუნტი სტერლინგი (პრიორიტეტი 1)

ლარი (პრიორიტეტი 2)

ევრო (პრიორიტეტი 3)

დოლარი (პრიორიტეტი 4)

ნაშთები ანგარიშებზე

500

100

200

99

მოთხოვნილი თანხა

-

200

-

-

შეგროვება/კონვერტაცია

-25

+100

-

-

ჩამოჭრილი თანხა

-

200

-

-

ნაშთები ანგარიშებზე კონვერტაციისა და თანხის  ჩამოჭრის შემდეგ

475*

0

200

99

 

*მაგალითში მოცემული კურსი: 1GBP = 4 GEL.
**1. გაითვალისწინეთ, რომ შესაძლებელია ტრანზაქციის განხორციელებისა და ტრანზაქციის ანგარიშზე ასახვის დღე განსხვავდებოდეს ერთმანეთისგან; ასევე შესაძლებელია ტრანზაქციის ანგარიშზე ასახვის და კონვერტაციის დღე განსხვავდებოდეს ერთმანეთისგან.
***ვალუტების პრიორიტეტები განისაზღვრება მომხმარებლის მოთხოვნის შესაბამისად