Personal banking in Georgia, set up remotely.

What you get#

A Georgian personal bank account in your name, opened remotely while you stay where you are. Multi-currency by default — GEL, EUR, USD held in the same account, often with GBP and other major currencies available. Standard Georgian retail banking comes with the account: online banking and mobile app in English, debit card with international acceptance, free SWIFT inbound transfers, competitive deposit rates.

The structure has three other clean properties:

Up to 11% interest on GEL deposits, up to 4.5% on USD deposits. Real numbers as of late 2025 / early 2026, subject to National Bank of Georgia monetary policy. Term-deposit products at the major Georgian banks pay rates that are uncompetitive in EUR but very competitive in GEL and USD versus most Western European retail offers.

No minimum balance requirements at the major banks. Standard tiers (BOG MetroCard, TBC Status) carry no monthly maintenance fees and no minimum balance floor. Premium tiers exist for clients who want concierge support or higher-touch service.

Multi-currency operations are seamless. Convert between GEL, EUR, USD inside the account at competitive interbank rates. Receive foreign-currency wires in their native currency without forced conversion. Pay in any held currency where the merchant accepts it.

The combined effect: an account that functions like a Western European multi-currency private account but pays Georgian deposit rates and operates without the residency proof, salary statements, or in-person KYC the same banks would require from a foreigner walking in.

What we do#

We handle the full account opening end-to-end, remotely. You sign a Power of Attorney at a notary in your country and send us a passport scan plus the documentation the bank's compliance team will need. We pair you with the Georgian bank that fits your profile, prepare your application file, and coordinate onboarding through to active account.

The full setup is typically 2–3 weeks from the moment we have your documents. You don't come to Georgia. The PoA gives our team authority to open the account on your behalf and complete the in-person KYC steps that Georgian retail banking still requires.

We pair you with the right bank — most foreign clients land at Bank of Georgia or TBC Bank, the two retail banks that serve roughly 80% of foreign clients in Georgia. Which one fits depends on your profile, currency mix, and preferred service tier. We make the recommendation in the consultation; we don't have a tied bank or a referral arrangement.

What's included#

• Eligibility and bank-pairing consultation — we assess your profile and recommend Bank of Georgia or TBC Bank based on what fits, not on what pays us a kickback
• Power of Attorney drafting and notarisation coordination
• Document preparation for the bank's compliance file (passport, address proof, source-of-funds declaration as required)
• Coordination with the bank's onboarding team
• In-person account opening on your behalf via PoA
• Activation of online banking and mobile app
• Debit card issuance and secure delivery (delivery to Georgia included; international delivery as add-on)
• Briefing on operating the account: how transfers work, currency conversion, fees, deposit products

What you'll need to qualify#

Two things. We confirm both before recommending the structure.

Valid passport with at least 6 months remaining validity. Georgian banks require this for any new account opening. If your passport is closer to expiry, we recommend renewing first; otherwise the application can stall.

Clear source-of-funds story. Georgian banks operate under National Bank of Georgia AML/CFT supervision and ask source-of-funds questions for new foreign clients. Salary income, business income, savings, investment proceeds, inheritance — all are normal answers, all are documented in standard ways. We help you assemble the documentation in a form the bank's compliance team accepts cleanly.

We work through both in the consultation and confirm the application is solid before submission.

Going beyond the personal account#

Foreigners running an Individual Entrepreneur or LLC structure usually want both personal and business banking. The personal account handles your personal income and savings; the business account handles invoices, expenses, and tax obligations for the structure.

For IE clients: the IE income can flow into the personal account directly (legally permitted) for the simplest setup, or into a separate business account if you prefer the operational separation. We brief you on the trade-offs in the consultation.

For LLC clients: the LLC needs its own corporate account by Georgian banking convention. See Corporate Account for the corporate-side setup.

Most foreign clients we set up open both — personal first, then add corporate when the company structure is ready.

When personal account is the right fit#

Personal banking in Georgia fits readers who:

• Want a multi-currency account that pays Georgian deposit rates
• Need an account they can operate from anywhere via online banking
• Plan to spend time in Georgia (for residency, business, or lifestyle reasons) and want banking infrastructure already in place
• Want the foundation for adding business banking later under an IE or LLC structure

The remote-via-PoA opening is what makes this work for foreigners. Walking into a Georgian bank branch as a foreigner without Georgian residency, a Georgian phone number, or local references is operationally hard — many applications are declined or stall indefinitely. The PoA route plus a properly prepared file changes the conversation entirely.

If you only need business banking for a Georgian company, see Corporate Account — we can open that without opening personal first, though most foreign clients want both.

Why Happy Georgia#

Independent advisory. No tied bank, no referral fees, no kickback for steering you to one bank over another. We recommend Bank of Georgia or TBC Bank based on what fits your profile — currency mix, service tier preference, planned account activity.

Foreign clients only. Our entire practice is foreigners setting up in Georgia. We understand the source-of-funds documentation a Berlin freelancer needs, the multi-currency setup a Tel Aviv contractor wants, the dividend-receiving configuration a Singapore consultant has to keep clean.

Fixed pricing, no tourist tax. The same rate for foreign and Georgian clients. We quote in EUR, we honor the quote, no surprises later.

Trusted by clients across Western Europe, Israel, the UK, Singapore, and beyond.

Frequently asked questions#

Can I really open a Georgian bank account without coming to Georgia?#

Yes. The Power of Attorney route lets our team open the account on your behalf and complete the in-person KYC. Once the account is active, you operate it from anywhere via online banking and mobile app. Most of our personal-banking clients never visit Georgia for the account; some visit later for residency or business reasons.

Which bank will I end up at?#

Most foreign clients land at Bank of Georgia or TBC Bank, the two banks that serve roughly 80% of foreign clients. The right pairing depends on your profile — currency mix, expected account activity, service tier preference, planned IE or LLC structure. We make the recommendation in the consultation based on what fits, not on what pays us a kickback (we have no referral arrangements with either bank).

How long does the setup take?#

Typically 2–3 weeks from the moment we have your documents. PoA preparation and notarisation in your country usually takes the first week; bank application and account activation usually take the second and third. We brief you on the timeline as part of your consultation so you can plan around it.

What documentation do I need?#

Passport (with at least 6 months validity remaining), proof of address in your country of residence (utility bill or bank statement under 3 months old), and source-of-funds documentation appropriate to your situation (salary slip, employment contract, business income statement, investment statement, etc.). We tell you exactly what the bank you're paired with will accept before you start collecting.

What about source-of-funds questions?#

Georgian banks ask source-of-funds questions for new foreign clients under National Bank of Georgia AML/CFT supervision. Salary, business income, savings accumulated over years, investment returns, inheritance — all are normal, all have standard documentation. We assemble the file with you so the answers are clear and the documentation is in the form the compliance team expects.

What deposit rates are actually available?#

Up to 11% on GEL deposits and up to 4.5% on USD deposits at the major Georgian banks, as of late 2025 / early 2026. Rates depend on the term (longer term = higher rate), the deposit size, and current National Bank of Georgia monetary policy. EUR deposit rates are lower (Georgian banks set EUR rates closer to ECB rates). We brief you on current rates at the bank you're paired with as part of the consultation.

Can I add my IE or LLC business banking later?#

Yes. The personal account is often the foundation for adding business banking when you're ready. For IE clients, the IE income can flow into the personal account directly or into a separate business account. For LLC clients, the LLC needs its own corporate account. We coordinate the addition when you're ready.

What about my home-country tax on Georgian deposits?#

Interest income on Georgian personal accounts is paid gross (Georgia doesn't withhold tax on interest paid to non-resident individuals). What you owe in your country of residence depends on that country's interest-income rules and reporting requirements. Most Western European jurisdictions tax foreign-source interest income at the marginal rate with disclosure requirements; we discuss this in the consultation but the home-country side is consultation territory, not body content.

Can the account be revoked or closed?#

Georgian banks can close accounts if compliance posture changes — substantial change in account activity that doesn't match the original profile, AML/CFT-related concerns, or change in the bank's risk appetite. We brief you on the operational discipline that keeps the account stable over time, including how to handle major activity changes (large incoming wires, new income sources) so they don't trigger compliance review.

Ready to set up?#

We assess your situation in a free consultation, recommend the bank that fits your profile, prepare your file, and quote a fixed price. If something else fits better — corporate banking only, brokerage account only, a different jurisdiction's banking entirely — we tell you.