Bank account in Georgia

mange38

Building Trust
Entrepreneur
I will be going to Georgia next year and I'm looking to open a bank account there.

How long does it take BoG to open a personal bank account for someone with anEU passport?
Or let me rephrase it, how long do I need to stay in Tbilisi to get the bank account/card?
 

Marie Manila

Building Trust
Entrepreneur
Opening will be done in approx. 30 minutes.
You will have to come back the next day to pick up your credit card and online banking credentials.
But there may be a delay. So you should plan to go back after 3 days to the same branch.
 

mange38

Building Trust
Entrepreneur
Opening will be done in approx. 30 minutes.
You will have to come back the next day to pick up your credit card and online banking credentials.
But there may be a delay. So you should plan to go back after 3 days to the same branch.
Thanks for your reply, I will keep it in mind.
 

mange38

Building Trust
Entrepreneur
If you succeed please report back here. It would also be of interest to know how their Internet banking works, if the debit card will have any limits and if you are able to transfer money painless around the EU.
My flight is booked for Q2 2020, I'll make a post here once I get there.

If I forget feel free to bump this topic.
 

Marie Manila

Building Trust
Entrepreneur
My flight is booked for Q2 2020, I'll make a post here once I get there.

If I forget feel free to bump this topic.
By the way, you can bring some cash with you and deposit it to your account during the opening process, because the account will be opened instantly.
They usually do not ask any proof (At least for a few thousand CHF/€/$). And they accept deposits in foreign currencies.

The most curious thing is, you do not have to give your residential address or TIN.
No bank wanted to know, where I currently live. They do not have an address from me at all. Just the country was important for them.
 

mange38

Building Trust
Entrepreneur
Haha I am not even 20 so it will be more like few hundred euros. I will disclose it to tax authorities anyway since I just want to have some savings outside the EU.
 

Weetam

New Member
Good evening. Can someone recommend a bank in Georgia which I can email directly to organise opening an account?
 

joseph15

Building Trust
Entrepreneur
Good evening. Can someone recommend a bank in Georgia which I can email directly to organise opening an account?
As far as I know, nobody has listed a Georgian bank that can be open accounts remotely, on this forum unfortunately
 

Suzy Emerald

Trusted Member
Business Angel
Correct. No remote opening as mentioned several times in different threads. Only way of remote opening is giving a PoA to a middleman, at your own risk.
 

Flatworld

Building Trust
Entrepreneur
Sorry I didn’t mean remote opening I mean an email to start the application process.
not quite understand you question..

you need give a PoA to lawyer in Georgia to remote opening...
if you can go to Georgia personal, then no need send email before that, just go to one of the branch, you can get your bank account in half an hour~ bank card will be ready the next day
 

blueweb

Corporate Services
Business Angel
Mentor Group
if you can go to Georgia personal, then no need send email before that, just go to one of the branch, you can get your bank account in half an hour~ bank card will be ready the next day
How Dows it work with international wire transfers and SEPA transfers from these accounts, any trouble spotted yet?
 

Marie Manila

Building Trust
Entrepreneur
No address at all? How? They have to fill some data in "address" anyway in their system.
Yes, they have to fill some data in address.
They just took any data, because they had to type it in Georgian letters. It was not possible to write down the correct address for them.
 

ontherun

Building Trust
Entrepreneur
If you succeed please report back here. It would also be of interest to know how their Internet banking works, if the debit card will have any limits and if you are able to transfer money painless around the EU.
their ibanking is normal. English apps and website interfaces. i have BoG. multiple investment products and other niche functions. again--everything clearly in English without mistakes. the cards have low limits for withdrawals but POS is us$20k a day for me. i "withdraw" from Chinese casinos in Cambodia as POS transactions... so i guess that also answers your question re: how useful everything works abroad. phone number must be Georgian. cannot use international numbers for the sms messages. i haven't used bamk to bank transfers so far but EMI<=>BOG works without any issues at all. account maintenance fee is 1.5 gel a month
 
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