Have you ever tried to make a SWIFT to the country, where IBAN is not supported and where you need 2 intermediary correcpondent banks and you need a longer note for bank whom to credit money? This is a hell with them. If you are transfering money just between accounts where you have IBAN, it works good. But the most of the world is still not on IBAN standard. I have transactions in many less developed countries.. I tried to use TBC in past.. and I was not satisfied.
TBC Bank Georgia
- Thread starter Paprika
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I actually did send SWIFT payments without IBAN.. You just need to paste account number in IBAN field if I remember right. I didnt need any intermediary banks to send money, its all automatically filled.
Maybe you are talking about old versions of TBC?
No.
There are wires where you have to file all data, including intermediary banks and if you do not do that, wire can not be done.
Oh I dont know honestly. It worked always well for me, almost no details except for beneficiary name + address, bank swift and account number needed to be in my transfer to non-IBAN bank
It is very nice. I have nothing to complain about them especially given the circumstances of the region. All operations went very smoothly even opening time deposit remotely by sending back and forth emails.
Swift worked as well (incoming) and they have also iban (starting with GE).
Fees are minimal if you are not earning average georgian salary.
The thing to complain is the weak currency lari but this is not their fault and I was aware of it before already. Even the high interest rate does not compensate.
They have dollar accounts which mitigates it.
The other thing Georgia joined crs voluntarily is also a big minus. I will slowly reduce positions there as I personally do not like places which like to creep into the a*** of the eu.
Very big mistake for them in my opinion.
And I will also not pursue their Status program due to this, but I assume it would be a good experience given the already nice experience as a basic sheep there.
Also this one, I already expected so no big surprise either.
Yes I believe we saw a few posts here earlier about such a remote ac possibility but no proofs.
See this Bank Account without EU banking info?
and the following posts ”“ but also this Question - Problems with Georgia because of Russia 🙂
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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂
If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
We are in 2022. Do yourself a favour and forget about banking in Georgia. It has become uncompetitive at best. Just check their interest rates for CD's/term deposits and you know what's going on.
Best of all: Depending on your passport (Russia, certain Arab countries, India) banks will demand a non-refundable application fee of up to GEL 500.-.
You should visit the bank, TBC is known to close accounts after you move big amounts.
Bank of Georgia seems working better for foreigners.
even better, go with SOLO (only for personal banking)
Bank of Georgia seems working better for foreigners.
even better, go with SOLO (only for personal banking)
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