💳 How to Get a bank account in Georgia as a Foreigner

Opening a bank account in Georgia as a foreigner is a straightforward process — one of the many reasons why the country has become popular among expats, remote workers, and entrepreneurs. In this guide, we walk you through the exact steps, documents, and best banks to consider.

📍 Why Open a Bank Account in Georgia?

Georgia offers a stable and liberal banking system with high interest rates on savings accounts, multi-currency support, and easy access for foreigners.

Benefits include:

No need for residency to open an account
Online banking in English
Reliable customer service
Options for multi-currency accounts (GEL, USD, EUR)

📝 What Documents Do You Need?

To open a bank account, most banks will require the following:

✅ A valid passport
✅ A local Georgian phone number (can be obtained easily with a SIM card)
✅ An address in Georgia (temporary or Airbnb is often acceptable)
✅ In some cases, a small initial deposit

💡 You don’t need a residency permit to open a bank account in Georgia — even tourists can do it!

🏦 Best Banks for Foreigners in Georgia

Here are the top banks popular among foreigners:

✅ Bank of Georgia (BOG)

English-speaking staff
Great mobile app
Offers Visa/MasterCard debit cards

✅ TBC Bank

Efficient online banking
Multiple branches across the country
Easy to use for transfers and bill payments

✅ Liberty Bank

Good for simple banking needs
Lower ATM fees
Smaller network than BOG or TBC

🚶‍♂️ How to Open the Account (Step-by-Step)

Visit a bank branch (TBC or BOG recommended for English service)
Take a ticket at the reception
Submit your passport and Georgian phone number
Choose the type of account (GEL, USD, or EUR)
Sign the contract and get your debit card

🕒 This process usually takes 30–45 minutes.

💸 Can You Open an Account Online?

Most banks in Georgia still require you to open your first account in person. Some fintech banks (like Wise) may offer Georgian IBANs for limited use, but for full banking services, you’ll need to visit a branch.

🌍 Using Your Account Abroad

Georgian debit cards (VISA or MasterCard) work internationally. However, be aware of:

Foreign transaction fees
ATM withdrawal limits
Currency conversion charges

💡 Always notify your bank before traveling abroad to avoid blocks.

❓ Common Questions

Can I open an account as a tourist?

Yes! You don’t need to be a resident — even short-term visitors can open a bank account.

Do I need a tax number?

No. A Georgian tax number is not required for personal bank accounts.

Can I open a business bank account?

Yes, but you’ll need to first register a business entity in Georgia. The process is still quite fast and foreigner-friendly.

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🧭 Final Thoughts

Opening a bank account in Georgia is one of the easiest in the region. Whether you’re planning to stay short-term or make Georgia your long-term base, a local bank account will simplify your financial life.