Business bank account fees in Tbilisi
TBC Bank charges nothing to open a business account and 0 GEL a month, and Hash Bank’s opening and monthly maintenance are both free. Liberty Bank opens corporate accounts for free with no internet bank fee, Basisbank charges 2 GEL a month in service plus 5 GEL a month for its standard internet bank package, and Silk Bank charges 10 GEL to open and 2 GEL a month.
Package pricing sits higher. Bank of Georgia’s business sets and Terabank’s Silver, Gold and Platinum packages both run 10, 20 and 50 GEL a month, TBC Bank’s legal-entity plans cost 20 or 50 GEL a month, and PASHA Bank Georgia charges 30 GEL a month in maintenance. Opening a business account at Paysera Bank Georgia is free, and a company registered outside SEPA pays 5 EUR a month in administration. Help with the whole application from Tbilisi Expat costs a flat 800 GEL.
What to compare before choosing a bank
- Foreign-currency transfers. TBC Bank, Basisbank, Liberty Bank, PASHA Bank Georgia and Silk Bank charge 0.2% of a transfer with a minimum per payment, from 15 USD at TBC Bank, Basisbank and Liberty Bank to 20 USD at PASHA Bank Georgia and 90 USD at Silk Bank. If you send several USD or EUR payments a month, a package with a fixed fee, such as Terabank Platinum at 12 USD or EUR a transfer, costs less on every payment than a 15 USD minimum.
- The currencies you use. Liberty Bank opens accounts in GBP, Basisbank publishes yuan and dirham transfer rates, PASHA Bank Georgia publishes AZN rates and Paysera Bank Georgia adds a European IBAN.
- The price after a free period. Bank of Georgia’s Starter Pack is free for 6 months and Terabank’s Startup Business package for 12, so check what the set you move onto afterwards costs.
- Whether you need to be in Tbilisi. Bank of Georgia opens a first business account online and Hash Bank verifies identity remotely, while TBC Bank opens accounts for companies with expat shareholders at a branch.
- Deposit insurance. Balances are insured up to 50,000 GEL per depositor at each bank, so a business holding more can split its money across more than one bank.
Types of bank for a business account in Georgia
The National Bank of Georgia register lists 17 licensed commercial banks. Bank of Georgia, TBC Bank, Liberty Bank and Terabank serve business clients through branch networks, and three of them sell monthly business packages. PASHA Bank Georgia is a corporate bank within a Baku-based group, which suits companies trading with Azerbaijan and Turkey. Paysera Bank Georgia and Hash Bank, licensed in 2022 and 2023, take applications through an app or online, and Silk Bank runs its service through the Silk mobile app. Tbilisi Expat is a business set-up firm that prepares the documents, picks the bank and goes to the branch with you.
