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
1. Universal Multi-Currency Bank Account
A personal account with Bank of Georgia or TBC Bank is opened in four major currencies simultaneously: GEL, USD, EUR, and GBP. A physical or virtual Visa/Mastercard is linked to the account, and transactions are managed via a mobile app or online banking.
You have access to a full range of banking services:
– Incoming and outgoing international SWIFT transfers;
– Cash deposits and withdrawals at bank branches and ATMs;
– Instant online currency exchange;
– Setup of recurring payments and automatic transfers (Standing Orders / Direct Debit).
Document preparation and application filing are typically completed within 1 to 3 business days.
2. “SOLO” Bank Account with BOG or “CONCEPT” with TBC
In addition to standard accounts, foreign nationals can sign up for premium banking services at Georgia’s leading banks.
VIP service benefits:
– Dedicated personal banker and exclusive service in private premium branches—no waiting in lines;
– Premium cards (Visa Gold/Platinum or Mastercard World Black Edition) with no issuance or maintenance fees;
– Special terms: fee-free cash withdrawals at ATMs worldwide (depending on the specific service package);
– Preferential currency exchange rates and higher interest rates on deposits;
– Access to airport VIP lounges via Priority Pass or DragonPass programs;
– Option to add family packages (SOLO Club / CONCEPT Premium) for close relatives.
3. Wealth Management with Bank of Georgia
The Wealth Management programs offered by Bank of Georgia and TBC are designed to preserve and grow the capital of affluent clients and their families.
Wealth Management benefits:
– Personalized investment strategies featuring conservative risk management;
– Access to the region’s largest brokerage platform for purchasing international equities, Eurobonds, and corporate securities;
– Premium deposit product lines: term deposits, savings accounts, and certificates of deposit offering maximum yields.
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 50 000. 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
