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 deducted from the priority currency account.

Full amount of USD 100 will be deducted from US Dollar account, and negative balance of USD 1 (one) will be covered from the GEL account – via the currency exchange transaction using the commercial exchange rate defined by the Bank at the moment of non-cash transaction. **
 

 

GEL (Priority)

USD

EURO

Account balances

500

99

200

Requested funds

-

100

-

Deducted funds

-

100

-

Account balances after deduction

500

-1

200

Account balances after currency exchange

498*

0

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. 

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 and, moreover, there are not sufficient funds on the priority currency account, transaction amount will be deducted from the consecutive currency account. During transaction processing, even if there are not sufficient funds on the relevant currency account, the transaction amount is still deducted from the account relevant to the transaction currency. Later, the balances are corrected via currency exchange transaction from the consecutive priority currency account.

 

GEL (Priority)

USD

EURO

Account balances

0

2

200

Requested funds

-

50

-

Deducted funds

-

50

-

Account balances after deduction

0

-48

200

Account balances after currency exchange

-

0

156,8**

**exchange rate used in the example: 1USD=0,90EUR 

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)

USD

EURO

Account balances

500

10

200

Requested funds

-

-

-

Deducted funds

-

-20*

-

Account balances after deduction

500

-10

200

Account balances after currency exchange

    480**

0

200

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


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.  

Currency exchange between the accounts is always conducted at the commercial rate being in effect on the date.

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** -
Account balances after deduction 460 -

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

 

Within the Bank network, currency exchange between USD and GEL currencies will be carried out at the commercial exchange rate being in effect on the date of settlement (reflection of transaction on the customer's account(s)); and outside the Bank network, currency exchange between USD and TRY – at exchange rate set by VISA or Master Card.