Open a bank account in Georgia is a straightforward process that can help you manage your finances smoothly whether you are moving, working, or investing in the country. In this guide, we’ll walk you through the necessary steps, requirements, and tips to open a bank account in Georgia easily.

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✅ Why Open a Bank Account in Georgia?

• 💳 Convenience: Paying bills, receiving salaries, and transferring money is easier with a local account.

• 🏦 Access to Services: Many financial services and benefits require a local bank account.

• 💱 Currency Flexibility: You can open accounts in Georgian Lari (GEL), US Dollars (USD), or Euros (EUR).

• 📲 Digital Banking: Many Georgian banks offer user-friendly online and mobile banking platforms.

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📝 Step-by-Step Guide to Opening a Bank Account in Georgia

1. 🏦 Choose the Right Bank

Georgia has several reputable banks, including TBC Bank, Bank of Georgia, and Liberty Bank. Research their fees, services, and branch locations before deciding.

2. 📄 Prepare the Required Documents

Generally, you will need:

• 🛂 Valid passport or national ID (for residents)

• 🏠 Proof of address (sometimes required)

• 🛃 Residency permit or visa (if applicable)

• 💼 Employment or income proof (varies by bank and account type)

3. 🚶 Visit the Bank Branch

While some banks allow online account opening, visiting a branch in person is often necessary for foreigners. Bring all your documents and ask for assistance if you don’t speak Georgian.

4. ✍️ Fill Out the Application Form

Complete the bank’s application form, specifying the type of account you want (e.g., savings, current/checking account).

5. 💵 Deposit the Initial Amount

Most banks require a minimum deposit to activate the account. This amount varies depending on the bank and account type.

6. 💳 Receive Your Debit Card and Online Banking Details

Once your account is approved, you will receive a debit card and instructions on how to access online and mobile banking.

If you’re applying as a foreigner, you might also want to check our post about how to get a Georgian bank account as a non-resident.

How to open bank account in Georgia:

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💡 Tips for Foreigners Opening a Bank Account in Georgia

• 🌐 Language: Many banks offer services in English, but it helps to have a translator or a local friend accompany you.

• 💸 Bank Fees: Check the fee structure carefully—monthly maintenance fees, ATM withdrawal limits, and international transfer fees.

• 💱 Choose Multi-Currency Accounts: If you plan to send or receive money in multiple currencies, select an account that supports USD and EUR alongside GEL.

• 📱 Use Online Banking: Georgian banks have robust mobile apps that make managing your money convenient from anywhere.

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🏦 Popular Banks in Georgia

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Common Questions About Opening a Bank Account in Georgia (FAQs)

 

Do I need to be a resident to open a bank account in Georgia?

 

No — you can open a bank account as a non-resident in Georgia.
This is one of the reasons the country is attractive to expats and entrepreneurs. Banks may ask for your passport, phone number, and local contact details, but residency is not required for basic accounts.

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Can I open a bank account in Georgia remotely?

Officially, most banks require personal presence.
However, some banks and fintech services do allow remote onboarding, especially for investors, company owners, and digital nomads.

Options that sometimes support remote opening include:

• Bank of Georgia — case-by-case basis

• TBC — usually requires in-person visit

• Wise / Revolut — good alternatives if you need access before arrival

• Georgian fintech apps (more limited)

👉 Tip: If you need remote access, contact specific branches ahead of time — Georgian banks respond better to personal communication.

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Which bank is best for expats in Georgia?

The most popular banks among foreigners are:

For entrepreneurs & investors, Bank of Georgia and TBC are the best options.

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Can I open a USD or EUR account?

Yes — Georgia supports multi-currency accounts, including:

• GEL (Georgian Lari)

• USD

• EUR

• GBP (sometimes)

Most expats open GEL + USD accounts.

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Are debit cards available immediately?

Yes — most branches issue cards same day or within 24 hours.
You may also receive virtual cards instantly inside your banking app.

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What fees should I expect?

Typical costs include:

• Account opening: Free or ~5–10 GEL

• Monthly maintenance: Free or ~2–5 GEL

• Debit card: ~15–25 GEL

• ATM withdrawals: Free from your bank, fee for foreign cards

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Can I send money internationally?

Yes — Georgian banks support SWIFT transfers. Many expats also use:

• Wise

• Revolut

• Payoneer

Transfers between Georgian banks are fast (seconds to minutes).

Many expats use Wise ↔ Georgian account to save on fees.

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Is online banking available in English?

Yes — both TBC and Bank of Georgia offer English-language apps and online banking.
Customer support in English is generally good in large branches and cities.

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Can I open a business account as a foreigner?

Yes — and it’s common among digital entrepreneurs.
You’ll need:

• Passport

• Georgian company registration (if you’re opening a corporate account)

• Sometimes proof of activity or business purpose

Georgia remains attractive for low-tax business structures, although rules change, so always review current regulations.

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Can foreigners buy property or invest in Georgia through a bank account?

Yes — many investors use Georgian bank accounts for:

• Property purchases

• Renting apartments or Airbnb

• Managing utility bills

• Receiving payments locally

Banks are familiar with foreign investors, especially in Tbilisi, Batumi, and Kutaisi.

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Is banking in Georgia safe?

Yes — Georgia has a regulated banking sector with strong digital systems.
Bank of Georgia and TBC are publicly traded companies with international banking partners.

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What if I lose my card or phone?

You can:

• Freeze your card instantly through the app

• Request a replacement at any branch

• Use passport ID to verify identity

Most banks support app login recovery via passport + SMS.

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🏁 Conclusion

Opening a bank account in Georgia is an essential step for anyone planning to live, work, or invest in the country. By choosing the right bank and preparing your documents, the process can be quick and hassle-free. Having a local bank account will greatly simplify your financial transactions and help you settle smoothly in Georgia.

If you’re planning to set up your finances abroad, you may also be interested in how to open a Georgian bank account as a foreigner, including the latest KYC rules and remote options.