TBC Bank (Georgia) - Opening Accounts, Reviews, Discussion

[Bankroll 2]

TBC is one of the largest banks in Georgia. It opens accounts for foreigners more often than Bank of Georgia, but can also refuse to open an account.

Pros

• Large bank

• Many branches

• Many ATMs and terminals. You can withdraw Lari, Dollars and Euros from ATMs without fees.

• English, and sometimes Russian, is spoken in branches

• SWIFT transfers work with Western countries

• You can use a personal account for sole proprietorship activities without a separate business account

Cons

• Long KYC review process

• May refuse account opening

• Relatively expensive service (from 110 GEL per year)

Account Opening Procedure

To open an account, you need to go through the KYC procedure, i.e. first submit an account opening application with a questionnaire about planned account use and income confirmation documents. The application is then reviewed by the bank, usually within 10 days.

KYC document submission fee: 50 Lari.

Account Service

If account opening is approved, you can open the "Plan 10" service package. This is the minimum plan available for foreigners. Simpler plans are only available for Georgian residents and in some cases Ukrainian citizens.

If you are a sole proprietor in Georgia, you can use your TBC personal account for sole proprietorship activities. Opening a separate business account is not required. To do this, bring a printout of the first page of your sole proprietor registration certificate to a bank branch and ask the operator to link your sole proprietor number to your account.

Using a Personal TBC Account for Sole Proprietorship (registered Individual Entrepreneur)

If you are a sole proprietor (i.e. registered Individual Entrepreneur) in Georgia, you can use your TBC personal account for sole proprietorship activities. Opening a separate business account is not required.

To do this, bring a printout of the first page of your sole proprietor registration certificate to a bank branch and ask the operator to link your sole proprietor number to your personal account.

TBC Bank ATMs With EUR and Branches for Euro Withdrawals:

Tbilisi:

• 7 Marjanishvili street
• 2 Gr. Abashidze street
• 6 Pushkin street
• 24 Kazbegi street
• 49 Vazha Pshavela ave.
• 138 Aghmashenebeli ave.
• Javakheti st. area around Varketili metro
• 12 Sulkhan Tsintsadze st.
• 1/6 sector Mukhiani district (TBC Bank branch)
• 23a Guramishvili ave (TBC Bank branch)
• 123/125 Tsotne Dadiani ave (TBC Bank branch)
• 1 Block, Building #1a, Digomi Massive (TBC Bank branch)
• Tbilisi International Airport

Kutaisi:

• 58 Chavchavadze ave.
• 26 Grishashvili st. (TBC Bank branch)
• 35 Paliashvili st. (TBC Bank branch)
• Kutaisi International Airport

Batumi:

• 37 Zubalashvili street
• 57/59 Zurab Gorgiladze st.
• 85 Aghmashenebeli st.

Gori:

• 23 Kutaisi street
• 13 Stalin street

Kaspi:

• 32 Saakadze st.

Zugdidi:

• 3 Tabukashvili street

Poti:

• 5 Rustaveli Circle

Telavi:

• 10 Sekhniashvili st.

Ozurgeti:

• Gabriel Episkoposi st. (TBC Bank branch)

Rustavi:

• 4 Shartava st.

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TIP: If you want to receive SMS from TBC Bank in English language instead of Georgian, send an SMS with the text "ENG" to the number 2727.