Cheapest private banking in Georgia or Armenia?

[Shlomo]

Hello,

What banks offer the lowest capital requirement for a private banking account in Georgia or Armenia for an individual?

 

[sialala]

I am watching the thread and join to the question 🙂

 

[micand]

SOLO Bank requires a minimum of 1,000 EUR/USD/GBP incoming funds per month or a term deposit of 12 months with a minimum of 10,000 EUR/USD/GBP.

 

[cyprus123]

The latest requirements from SOLO are a monthly spending of 1,000 USD or EUR per month with the card or 20,000 EUR/USD initial deposit. They don't expect a term deposit though.
TBC Status has to my knowledge no minimum requirements.

I do not suggest Armenian banks. From my experience they are slow, complicated and poor in communication.

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https://virtualzonegeorgia.com/

 

[sialala]

What You think about banks from Montenegro ? Do You have any experiences with them ?

 

[micand]

I have experience with Hipotekarna, Prva, Lovcen, Societe General and Zapad. All require personal visit to the bank in order to open an account. No remote opening. Hipotekarna has very poor support by phone. Emails are rarely answered and do not lead to satisfying results. Compliance is insane and causes frozen funds. Lovcen and Prva are a lot easier but service is still not their strong suit. Zapad is a total waste of time. All have one thing in common and that is very archaic online banking with text messages only receivable with a montenegrin sim card that has to be kept alive in order to receive transaction numbers. Interest rates on Euro are higher than within the EU. Euro is the only currency available. Overall experience in Montenegro is quite lousy. Would rather bank in Georgia.

 

[PlayItWise]

@micand Thanks for the input 🙂

 

[sialala]

micand said:
I have experience with Hipotekarna, Prva, Lovcen, Societe General and Zapad. All require personal visit to the bank in order to open an account. No remote opening. Hipotekarna has very poor support by phone. Emails are rarely answered and do not lead to satisfying results. Compliance is insane and causes frozen funds. Lovcen and Prva are a lot easier but service is still not their strong suit. Zapad is a total waste of time. All have one thing in common and that is very archaic online banking with text messages only receivable with a montenegrin sim card that has to be kept alive in order to receive transaction numbers. Interest rates on Euro are higher than within the EU. Euro is the only currency available. Overall experience in Montenegro is quite lousy. Would rather bank in Georgia.
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very good feedback, thx thu&¤#

 

[Flatworld]

micand said:
I have experience with Hipotekarna, Prva, Lovcen, Societe General and Zapad. All require personal visit to the bank in order to open an account. No remote opening. Hipotekarna has very poor support by phone. Emails are rarely answered and do not lead to satisfying results. Compliance is insane and causes frozen funds. Lovcen and Prva are a lot easier but service is still not their strong suit. Zapad is a total waste of time. All have one thing in common and that is very archaic online banking with text messages only receivable with a montenegrin sim card that has to be kept alive in order to receive transaction numbers. Interest rates on Euro are higher than within the EU. Euro is the only currency available. Overall experience in Montenegro is quite lousy. Would rather bank in Georgia.
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good info~thank you