Open a Bank account in Georgia

Get your personal bank account remotely or in-person.

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Our experts answer all your questions.

Tbilisi River

highlights

What you need to open a bank account in Georgia

Copy of your passport

Completed KYC application form
(We’ll provide a form upon your request)

Notarized power of attorney (if you are opening a bank account remotely)

Bank accounts

Type of personal bank accounts

Universal Bank Account in Bank of Georgia or TBC Bank

Non-residents are eligible to open a premium banking account offered by two major banks in Tbilisi, Georgia (Bank of Georgia and TBC Bank).

As a SOLO customer, you will enjoy special banking benefits:
– Full scale internet banking services
– Exclusive service from a dedicated manager
– No fee for remote banking services (Internet bank/Mobile bank/Email bank/SMS bank/Automatic payments/Standing orders)
– No commission fee for cash withdrawal from any ATM across the world
– (SOLO Club) or 2% minimum 3 USD commission fee for cash withdrawal (Regular SOLO account)
– Get a SOLO Premium Card free of charge without a service commission fee
– Get a loan and open a deposit under the best conditions
– Be offered new financial products, bonds, or other types of securities
– Get a Visa/MasterCard Gold card as a gift
– Get an American Express Gold credit card for a special price
– Get a PRIORITY PASS card and visit VIP lounges at more than 600 airports worldwide for USD 35, etc.

Also, you can become a SOLO CLUB member and share all your benefits with your family members.

TBC Building
Bank of Georgia Headquarters
SOLO Bank Account

“SOLO” Bank Account in BOG or “CONCEPT” in TBC

Non-residents are eligible to open a premium banking account offered by two major banks in Tbilisi, Georgia (Bank of Georgia and TBC Bank).

As a SOLO customer, you will enjoy special banking benefits:
– Full scale internet banking services
– Exclusive service from a dedicated manager
– No fee for remote banking services (Internet bank/Mobile bank/Email bank/SMS bank/Automatic payments/Standing orders)
– No commission fee for cash withdrawal from any ATM across the world – (SOLO Club) or 2% minimum 3 USD commission fee for cash withdrawal (Regular SOLO account)
– Get a SOLO Premium Card free of charge without a service commission fee
– Get a loan and open a deposit under the best conditions
– Be offered new financial products, bonds, or other types of securities
– Get a Visa/MasterCard Gold card as a gift
– Get an American Express Gold credit card for a special price
– Get a PRIORITY PASS card and visit VIP lounges at more than 600 airports worldwide for USD 35, etc.

Also, you can become a SOLO CLUB member and share all your benefits with your family members.

Wealth Management in BOG

Bank of Georgia Wealth Management serves High Net Worth individuals and their families and offers the best terms on deposits, flexible investment possibilities, and high annual interest rates.

The following types of deposits are offered by a personal banker:
– Term Deposit
– Certificate of Deposit
– Savings Account

Wealth Management benefits from synergies with the country’s largest corporate banking unit, the number one brokerage in the region, trading and asset management, top investment banking, and the leading insurance business.

Wealth Management in Georgia

Benefits

Benefits of a Georgian bank account

Stable banks

The Central Bank of Georgia has one of the most conservative regulations for commercial banks in the country. High minimum standards force banks to have a relatively low risk appetite.

Almost all of the bank’s financials look great. They have much higher than minimum required tier 1 leverage ratio (single most important indicator of the bank’s financial health) and capital adequacy ratios (around 16%).

Remote service

Very few banks today allow for a personal bank account to be opened remotely by a non-resident, with direct identification required almost everywhere.

The regulator has allowed Georgian banks, however, to open bank accounts remotely with the use of a POA; in some rare cases, even a POA is not required.

Higher interest

After opening a bank account in Georgia, in local currency, interest rates on deposits can be as high as 11%. In USD, however, they are 4.5% and 1% in EUR.

One very important thing to bear in mind is that Georgia does not offer guaranteed insurance of deposits (Actually, it does, though for only to a maximum of GEL 15,000. But having an account in Georgia is safe as banks here are sound and the probability of default remains close to 0.

Investment

A bank account in Georgia can be used to trade on local and international exchanges. The local bond market is impressive and offers almost 10% annual yield in USD.

The BB credit rating is good enough for this region and should be considered along with all the other positives Georgia has to offer. We can help you open a personal bank account in Georgia for investment purposes.

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Step by step

Steps to open a personal bank account in Georgia

1

Contact us

In a free consultation we will help you choose the broker best suited to your needs.
2

Draw up power of attorney

We will provide you with an easy-to-understand template and explain how to notarize the power of attorney to make the account opening process as fast as possible.
3

Prepare documents

You’ll need a passport and a KYC form. That’s all that needs to be done on your end – a PB Services specialist will take care of the rest.

Support

Here’s how we help you

Refusal on the banks’ side are very rare, especially if you are assisted by a local representative. Our team will provide you dedicated support all along the process.

Select a suitable bank for your needs

We listen to you and based on your needs will recommend a bank that will satisfy your needs the most.

Submitting documents to the bank to open your personal bank account

Wait for the bank to complete its routine review of the submitted documents. If the bank raises any questions or requests additional information during the application process, we’ll assist in resolving them.

Service with a remote notarization and apostille

We can help you to prepare documents for opening a bank account without leaving your house. With the help of our partner 100% online notary service, your bank account can be opened without your need to leave your work desk.

Support after you’ve opened your account

We don’t leave you by yourself after your opened your account. Should you have any issue or want to make any changes to your bank account we stay connected and will be available for any help.

Recommend on preparation on documents and be your proxy with the bank

We can assist you with completing the application form, preparing a power of attorney on our name, and translating your documents.

Hand over all the access and tokens of the newly opened bank account

Once we finish bank account opening, we will make sure to give you complete control over the newly opened bank account. We will guarantee that you will be the only one who will have a managment and disposal rights of the newly opened bank account.

FAQ

Frequently asked questions

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Ready for your next journey in Georgia?
Local & remote support
Free first consultation
We answer within one hour