Opening a personal account in the Bank of Georgia with the SOLO service package | (2024)

A premium service package will give access to a larger spectrum of bank services that the client can use with improved efficiency. Both local citizens and non-residents can open a personal account in the Bank of Georgia with the SOLO service package. Non-residents will be especially interested in receiving high quality bank services as those create comfortable conditions for doing business in a foreign country. To every SOLO client a bank officer is assigned, and he or she will help solve almost any financial issue. Besides, the officer will caution the client against taking any actions that may be illegal in Georgia. And of course, premium service means a higher credit ceiling, posh credit cards, higher interest rates on deposits, and a personal office for meetings and negotiations. The pay for this high quality service is quite acceptable in Georgia if compared to the cost of similar services in European countries.

Opening a personal account in the Bank of Georgia with the SOLO service package | (1)

Offshore Pro Group will gladly help you open a personal account in the Bank of Georgia with the SOLO service package and thus receive access to all the benefits of premium service in the Bank of Georgia – a leading bank in the country. Even though today this bank is only the second largest bank in Georgia, it still plays a pivotal role in the country financial life. Together with TBC Bank, it controls over 60% of the Georgian banking business.

The cost of opening a personal account in the Bank of Georgia with the SOLO service package is 2999 EUR. Bank commissions and the cost of document postage (around US$ 100) have to be added to this sum.

Introducing the Bank of Georgia

The establishment of this bank dates back to 1903, which makes it the oldest bank in Georgia. Its headquarters are located in the capital city of Tbilisi.

The Bank of Georgia is the second largest bank in the country. Its position in the banking market is firm and secure. It holds 34.7% of all banking assets, 33.5% of the overall loan portfolio, and 33.9% of all deposits in Georgia.

In 2018 the Bank of Georgia profit was 488.8 million lari, which is 5.5% more than in 2017. On 31.12.2018 the bank assets reached 14 798 303 thousand lari, which is a bit less (-2.4%) than in the previous year.

The Bank has the largest network of branches: 271 branch offices are placed all over Georgia. In addition to that, the Bank of Georgia boasts 876 ATM’s, 3115 teller units, and 14220 POS terminals. It services 2.4 million clients given that the total population of Georgia is about 3.7 million people. Besides, the Bank of Georgia is the exclusive issuer of American Express cards in the region. By 2019 it has issued 105 899 American Express cards.

The Bank of Georgia also has the following subsidiaries:

  • Galt & Taggart Finance and Investment Company;
  • The Georgian Leasing Company;
  • Budapest representative office for assets and wealth management;
  • A representative office in London
  • Georgia Financial Investments Company (Tel-Aviv, Israel);
  • The Belorussian People’s Bank.
  • The SOLO premium service package from the Bank of Georgia

The clients who value high quality individual service will appreciate the SOLO premium service package. The package does not only give a higher status to the client but also provides the following additional benefits:

  • Better loan and deposit conditions;
  • Access to new financial products – stock and securities trading;
  • Free issue of a VISA pay card;
  • An American Express Gold card at a special price;
  • Free use of all remote account control systems: Internet, SMS, and mobile banking as well as regular and/ or automatic payments;
  • Free courier service (for 4 standard calls);
  • Preference insurance package;
  • A Priority Pass card that gives a discount on the use of VIP areas in more than 600 airports around the world (US$ 35 instead of US$ 99);
  • 14 days of free use of a safety deposit box;
  • A possibility to share the benefits of the package with the spouse (with the SOLO FAMILY upgrade).

As of 31.12.2018, 44 292 individuals are using this premium service package and the number of people wishing to become SOLO clients is constantly growing. However, not everybody can purchase the SOLO premium service package from the Bank of Georgia. It is accessible to private individuals – residents or non-residents – who meet one of the following two requirements:

  • They have proof of a monthly income of minimum 3 000 lari (around US$ 1 200); or
  • They have a positive balance in their deposit account of minimum 20 000 lari (around US$ 8 000).

It should be noted that the SOLO package can be purchased only in 12 Bank of Georgia branch offices that are located at the following addresses:

  • In Tbilisi, there are 9 such offices. At 24 Kazbegi blvd., 25 Kazbegi blvd., 11 Chitadze st., 70 Abashidze st., 29 Chavchavadze st., 73 Tsereteli blvd., 23 Paliashvili st., 12 Tsintsadze st., and 8 Nozadze st.;
  • There is one office in Batumi at 22 Rustaveli blvd.;
  • There is one office in Kutaisi at 5 Queen Tamara st.;
  • There is one office in Telavi at 3 Cholokashvili st.

The SOLO services from the Bank of Georgia

When the client signs a service agreement for the SOLO package, a bank officer is appointed to act as the client’s personal manager. The officer will give advice and answer all the questions pertaining to any financial product that the bank has to offer. Apart from consultations, the manager’s duty is to help the client select the bank services that best correspond to her needs. On the client’s request, the personal manager can also perform any kind of banking operations in her name in case the client herself does not have time to visit a branch office.

In addition to a personal manager, the SOLO user receives access to special secluded offices where she can conduct business meetings and negotiations. These offices have luxury interiors resembling those a 5-star hotel. The interiors were designed in cooperation with «DINN!», a famous Italian design studio.

American Express Platinum card from the Bank of Georgia: terms of service

A SOLO user can become a member of the club of the same name and immediately obtain an American Express Platinum card that comes together with the following bonuses:

  • A gift Priority Pass card that gives 5 free visits to VIP zones in international airports around the world;
  • A possibility to use hotel loyalty schemes and travel insurance policies;
  • A possibility to acquire credit cards with the grace period of up to 55 days;
  • Higher bonuses for the pay card use (plus 500 gift points);
  • A possibility to participate in the discount program.

American Express Platinum card tariffs and service terms:

  • Account service payment – none;
  • Account currency – lari/ US$/ euro;
  • Card valid for – 4 years;
  • Grace period – 55 days;
  • Card service payment – 1000 lari per year;
  • Commission for non-cash payments in stores and supermarkets – none;
  • Daily cash withdrawal limit – 10000 lari (about US$ 4000), but there is no upper limit for withdrawing cash at the Bank of Georgia branch offices;
  • Credit maximum – up to 150 000 lari;
  • Yearly interest rate on the credit: for non-cash transactions – 15%, for cash withdrawals – 22%.
  • SOLO premium card: terms of use
  • Ever SOLO package user is issued a free VISA Platinum card, and it gives an opportunity to make noncontact purchases. The main advantages of this card are as follows:
  • No service payment;
  • No commission for withdrawing cash from SOLO and Bank of Georgia ATM’s;
  • A higher daily cash withdrawal limit – up to 4 500 lari per day;
  • 5% interest is paid on the card balance in lari, or 1.25% in UD$.

“PLUS” loyalty scheme

SOLO users can become members of the “PLUS” loyalty scheme. It allows accumulating points and receiving discounts and gifts. You can ask your personal manager to enroll you into this program, or do it yourself by filing an application in a SOLO office.

Points are added for:

  • Bank card payments – 1 lari spent brings 2 points (2.5 points to SOLO club members);
  • Invitation of a friend – 1 invitation brings 7500 points (10 000 to SOLO club members).

The points are accumulated on a separate account. You can learn about the number of points you have via the Internet or by sending an SMS to 4444 typing the word “PLUS” in the message.

The points can be used anytime for the following:

  • Buying food items in SOLO stores;
  • Buying gifts from the SOLO catalogue;
  • Paying for house utilities, mobile phone bills, or Internet bills;
  • Paying for the fuel at “Zaliv” gas stations;
  • Buying food and other items at “Foodmart”, “Ioli’ and “Spar” supermarkets;
  • Paying the bill in “Dunkin’ Donuts” and “Wendy’s” cafeterias.

SOLO life insurance program from the Bank of Georgia

SOLO clients can make use of the “Secure” insurance policy that insures against one of the following seven critical diseases:

  • Brain stroke;
  • Heart attack;
  • Multiple sclerosis;
  • Kidney failure;
  • Coronary artery deformation;
  • Organ transplantation;
  • Tumor.

It is not only the bank client who can participate in this insurance program, but members of her family as well. (On the condition that the spouse is not older than 64 years, and the child is not younger than 14 days.) The policy duration is 12 months. The insurance coverage can be US$ 20000 or 50000 or 100 000.

Documents required for opening a personal SOLO account in the Bank of Georgia

The SOLO premium service package is available to non-residents who have at least 20000 lari on their deposit account or otherwise have proof of a monthly income on the territory of Georgia of at least 3000 lari. Before making the premium service agreement, the candidate has to submit her foreign passport and fill out the client application form.

It is also possible to use a notarized power of attorney to make the agreement and open an account. This means that you do not even have to spend time on travelling to Georgia.

The procedure of opening a personal account in the Bank of Georgia with the SOLO premium service package

  1. If you wish to have access to high quality bank services, you can contact Offshore Pro Group via e-mail:
  2. Then you have to fill out a client form that will help precisely identify you needs.
  3. After that, you have to cover the full cost of this service, which is 2999 EUR.
  4. In addition, you have to send by mail a notarized power of attorney in the name of our Georgian representative.
  5. Finally, you have to put minimum 20000 lari (or the equivalent in other currency) into a deposit account in the Bank of Georgia.
  6. Making a SOLO service package agreement.

A personal account in the Bank of Georgia with the SOLO premium service package does raise the client’s standing and give her a higher status. But more importantly, it provides access to high quality banking services. These include: upper-class Visa Platinum and American Express Platinum cards; the “PLUS” bonus program; the “Secure” life insurance program; free remote account control channels.

Offshore Pro Group will be happy to help you make an agreement with the Bank of Georgia for the SOLO service package, and your personal presence will not even be required. Please write to us to: and we will gladly answer all your questions.

Tags:#bank accounts in Georgia #Bank Of Georgia

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Opening a personal account in the Bank of Georgia with the SOLO service package | (2024)


What are the conditions for solo bank? ›

In order to get Solo status, a bank account in BoG has to show a monthly turnover of 3,000 GEL or more for several months, or a fixed deposit at the time of opening of around 25,000 GEL.

How do I open a personal bank account in Georgia? ›

For opening a personal account, you may be asked to provide the following documents:
  1. Passport.
  2. Georgian contact/phone number.
  3. Filled Out Application Form (KYC Form)
  4. Documents proving your source of funds (client contracts, foreign bank statements, etc.)

What are the benefits of solo Bank of Georgia? ›

As a SOLO customer, you will enjoy special banking benefits: Full-scale internet banking services. Exclusive service from a dedicated manager. No fee for remote banking services (Internet bank/Mobile bank/Email bank/SMS bank/Automatic payments/Standing orders).

How much does it cost to open a bank account in Georgia? ›

To open an account, you will need to deposit at least $100. This is slightly higher than a typical $25 opening deposit. However, you'll get to benefit from the lack of fees and minimums after opening.

What does SoLo account mean? ›

Solo accounts are identical to Shared Accounts in every way other than the number of users in the account. In a Solo Account there is only one user. This 1-to-1 mapping of account and user means that information and settings that might otherwise have applied to multiple accounts instead only apply to one.

Does SoLo do a credit check? ›

Like most cash advance apps, SoLo Funds reviews your bank account information to determine eligibility, and it does not check your credit. Unlike most apps, SoLo Funds doesn't deny users an advance. It gives a score that lenders use, along with information about the request, to decide whether to fund a loan.

What is the best bank to open a personal account? ›

Best checking accounts compared 2023
Checking accountBest forMonthly fee
First Citizens Free CheckingMoney management$0
SoFi CheckingRewards$0
Capital One 360 CheckingEasy cash deposits$0
Chime Checking AccountDebit card security$0
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In which bank you Cannot open a personal account? ›

A personal account cannot be opened in the Reserve Bank of India. A personal account is a type of account meant for personal use. It is a term used to differentiate from other business accounts.

How much money do you need to open a private bank account? ›

Requirements for private banking. To open a private banking account, you must meet certain asset requirements, which vary from bank to bank. The starting point is usually $1 million in assets that are connected to the bank.

How do you use SoLo Funds? ›

Request a loan.

Create a borrow request explaining how much you need, what you need it for, when you'll repay it and the tip you're offering. You'll get a notification when another SoLo member agrees to lend you the money.

Will SoLo Funds overdraft my account? ›

[5:30] SoLo performs a bank account balance check before executing a payment; if the money isn't there, they refrain from completing the payment, preventing an account from having insufficient funds and an overdraft fee. Instead, they work to help customers get back on track.

How much can I lend on SoLo Funds? ›

We've currently set a range of $20 to $575 for loan requests. Your SoLo score determines the upper limit. The more you use SoLo and repay loans early or o...

What is the best bank in Georgia? ›

The Best Banks and Credit Unions in Georgia
  • Capital One 360: Best bank for opening a savings account.
  • Synovus Bank: Best bank for opening a checking account.
  • Regions Bank: Best bank for opening a savings and checking account.
  • Delta Community Credit Union: Best credit union.
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Can the government see how much money is in your bank account? ›

The IRS probably already knows about many of your financial accounts, and the IRS can get information on how much is there. But, in reality, the IRS rarely digs deeper into your bank and financial accounts unless you're being audited or the IRS is collecting back taxes from you.

How long does it take to open a bank account in Georgia? ›

It only takes 30 minutes to open a bank account in Georgia. And you don't even need a proof of address.

Why can't i get a loan on SoLo? ›

All bank accounts linked to your profile must have a positive balance greater than $0.01. All accounts you've opened with that bank must still be open. Even if your debit card is linked to your checking account, if you've closed your savings account, for example, your request for a loan may be blocked.

What are the limitations on SoLo endorsem*nts? ›

Be aware of the following restrictions on solo student pilots: o Your solo endorsem*nt is only valid for 90 days, after which you must receive an additional 90-day solo endorsem*nt per §61.87(p) o You must have endorsem*nts to do any of the following: • Fly beyond 25 nm from your origination airport • Land at any other ...

What are the two conditions for a bank? ›

(i) Accepting deposits, (ii) Advancing of loans are the two essential conditions for a financial institution to become a bank.

Why is my account blocked on SoLo? ›

Please ensure you are not using the phone, debit card, or account of another user. SoLo is limiting each user to a single device, debit card, and bank account.

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