Open personal bank account in Georgia remotely

[Martin Everson]

Banking is a very personal matter. You need to‍ do some research on your target back. For example read through the banks annual report,⁠ go and see a branch in person if you can and generally feel comfortable with⁤ the country where the bank is based. It's often too late to do this due⁣ diligence after the bank has gone bust or stolen your money.

From the internet for general news on Georgia.︁ For economic stuff I read religiously G&T's weekly report. It summaries all the economic︂ data you need to assess the countries economic risk. G&T is part of BankofGeorgia btw.︃

https://galtandtaggart.com/upload/news/15290.pdf

 

[iloveyouguys]

I was just looking for some pointer names. I basically︁ want to throw $10-$20K to a couple of banks (or secure ways to store) in︂ case a war starts, or in case my nationality causes me to lose my access︃ to some western countries where I keep some money. I'm not nearly rich, I'm cashflow︄ negative lol (trying to fix that). Basically that's why I value security more. I can't︅ buy a second passport yet.

Also, I think all banks lie about their annual reports,︆ don't they? How can you trust what someone says if they make money by exploiting︇ you if you let them? Kinda like trusting a slut.

This is a bit unrelated︈ but I'm just curious. Is it a full time job to manage over 100 bank︉ accounts? That must be a pain in the a*s. If your time is worth $300/hr,︊ wouldn't you want to pay extra 50 hours per year ($15,000) to keep your money︋ in more traditional places which helps you spend less money on keeping up with the︌ news?

Also, what do you think about throwing 10% of your money to Invest in︍ loans and earn money | Mintos Marketplace ? 11% return, or the ones here 13 Best Mintos Alternatives in 2020 [Similar P2P Lending Sites]

 

[Martin Everson]

If your nationality may cause you⁤ problems in future then you can't bank in a any western country. Georgia was at⁣ war just over 10 years ago as I mentioned so is not the best example⁢ for asset safety.

lol....Maybe a︂ bank account is not for you. You can open a bullionstar gold account in Singapore.︃ Then just park your cash on the cash account they create for you. At least︄ you have an easy exit if you see sanctions coming i.e convert to gold and︅ take out physically your gold.

It is a pain but I generally don't have anything else to do as︋ all my money I now earn is passive. lol.....it is a full time job. I︌ login once in a while and look at them a bit and then log out.︍ Sad hobby but no different then stamp collecting and better than working a 9-5. 100%︎ traditional places is not what I do. I like to be different.

I don't know about those‍ sites but when you see 10% or 11% return on anything you should generally walk⁠ away....and quickly.

 

[machinetheory]

Hey guys! I didn't want to start a new thread, but I am in a‌ similar position just that I am phisically in Georgia. I am looking to open a‍ bank account here, to expand from EMI (I am from southamerica so my choices are⁠ always very limited).

- My basic questions is, is it really that simple and I⁤ will get the account in 30 minutes? Just go inside a TBC or BOG branch⁣ and they will open a personal account?
- Will they open a USD/EUR?
- anything⁢ additional I should get ready?

My main reason is just to diversify my banking options.︀

Thanks!

 

[Spinat]

So you are in Georgia at the moment, why don't you simply walk into a‌ bank following the instructions which are given in endless threads at offshorecorptalk.com already and try‍ your luck? There are plenty of banks there which you can try with.

So once⁠ you have done that you would be able to let us know.

 

[khinkali]

@machinetheory I walked into TBC Head Office near Marjanishvili metro station with my passport and‌ 40 GEL (about $14.50) in cash for the fees. I signed the form to apply‍ for my current account and debit card. It was late afternoon, so I couldn't⁠ get my new card the next day. But the day after that it was there.⁤ It is a VISA debit card with my name, chip and VISA Pay Wave contactless.⁣ The account is GEL, USD and EUR (no SEPA).

I previously applied to a small⁢ branch of another bank (Liberty) and was rejected. I opted for TBC head office because︀ the staff are English language friendly and used to dealing with foreigners. I expect that︁ a large Bank of Georgia branch will be just as easy. I use local branches︂ for day to day activities.

If you have can deposit >30 000 USD (20 for︃ SOLO) or >1 000 per month then TBC Status or Bank of Georgia SOLO would make sense.

 

[joeytamlovebusiness]

d
do they accept revenue from emi ( from P**N industry)?

 

[clemens]

well well, as far as I read your︅ posting here and you new high acticity my best guess is you are a sort︆ of reseller of such services or accounting firm which make it easy for you to︇ walk into a bank and get an account if you have a good relationship to︈ the network of banks.

It is misleading that you don't identify your self from the︉ beginning rather then telling people how easy it is for you to navigate in Georgia,︊ that will not be the case for me or 99% of the average Joe around︋ here.

I can tell you that I can go into any bank in Cyprus and︌ get a bank account there, business, personal, it doesn't matter, easy to do so, guess︍ why!

 

[khinkali]

@clemens nobody would let me run an accounting firm. 🙂 I flew here, went to TBC‌ and it was easy to open the account. If you have problems here, maybe you‍ insulted the staff or something? ;-)

But seriously, I picked Georgia partly because these things⁠ are easier here (no proof of address needed like UK and no ridiculous bureaucracy like⁤ in Thailand where I was before) and I picked the biggest branch (head office) of⁣ one of the two main banks, specifically because they're used to dealing with foreigners (and⁢ in English). Your experience might differ, but I know I'm not alone in finding these︀ things quite easy here.

 

[tux]

My experience‍ from Mintos is that you should be happy getting your investment back at all, in⁠ many cases you just have to sell the debt back to the loan orginator and⁤ you make 0% interest. Simply not worth the hazzle.

 

[ontherun]

@khinkali good job for just going there and doing it in person. too many people‌ on this forum have personal fears/thoughts which stop them from going outside and doing it‍ as you have done. good job

 

[Hansonzack]

Hello Greetings,
Since we are discussing Georgia
Anyone here had experience with Amex Platinum issued‌ in Georgia?

Regards

 

[Fred]

Answered your question on my pin wall.‍ In case you need further clarifaction just send PM.

 

[tacokai]

what did you pinned that you are unable to‍ post here? Spam?

 

[Fred]

See the below screenshot you can see it on my profile as well.‌

I shared the exprience with the AMEX Platinum from Bank of Georgia the user was‍ asking about.

I can't see any spam in sharing my expereince with a service I⁠ use since 3 years.