Personal bank account in Georgia
A bank account in Georgia can be opened online remotely.
No need to travel to Georgia to visit the bank in person. All you need is a Power of Attorney from a local notary office sent to us by mail together with a copy of your passport, also notarized. The bank doesn’t even require a minimum initial deposit to the account. Residents of all countries (except those under sanction) may open a personal bank account in Georgia.
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.
“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.
Benefits
Benefits of a Georgian bank account
Stable banks
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
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
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
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.
Get in touch
Step by step
Steps to open a personal bank account in Georgia
Draw up power of attorney
Prepare documents
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
Submitting documents to the bank to open your personal bank account
Service with a remote notarization and apostille
