What are the type of personal banks accounts in Georgia?

There are two types of bank accounts in Georgia: 1. universal / regular and 2. Premium account with additional services. Premium accounts has personal banker assistance service, higher withdrawal limits, special advantages for account holders etc.

Are Georgian banks safe?

There are two major banks in Georgia. They are listed on the London Stock Exchange and are part of the FTSE 250 Index. Banking system in Georgia is quite well developed. In every bank the full access to your account is given through the very convenient internet and mobile banking.

Assistance on opening a personal bank account in Georgia for foreigners

Name: Assistance on opening a personal bank account in Georgia for foreigners
Brand: Visadb

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Details

There are several benefits to having a bank account in Georgia:

No CRS Country
No information is automatically exchanged and there is no plan to join the Common Reporting Standard framework in the near future. Moreover, compared to other Non-CRS countries, the Georgian banking system is very advanced and modern

Remote Service
The regulator has allowed Georgian banks to open bank accounts remotely with the use of a POA

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

Investment
A Georgian brokerage account can be used for trading in local and international stock exchanges. The local bond market is exciting and offers an almost 10% annual return in USD.

Included in this service

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Opening bank account (personal visit or remotely)

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Debit card (depends on bank)

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Assistance in collecting necessary documents

Pricing Breakdown

Price breakdown for all categories of services.

Full Service

$650 - $660

Consultation

Free - $50

Frequently Asked Questions

Users ask this questions about this service.

There are two types of bank accounts in Georgia: 1. universal / regular and 2. Premium account with additional services. Premium accounts has personal banker assistance service, higher withdrawal limits, special advantages for account holders etc.
There are two major banks in Georgia. They are listed on the London Stock Exchange and are part of the FTSE 250 Index. Banking system in Georgia is quite well developed. In every bank the full access to your account is given through the very convenient internet and mobile banking.