For those who consider or have a bank account in Georgia

#24
I thought central bank of armenia is against it no?
 
#27
#30
Basically bank ask for passport and bill for show address to open an account,correct?
means in case send info to country will send it to bill of address?
cause im thinking in open new account with my passport and a bill from another country (not mine)
good idea?
 
#31
@Obelix you're correct, your line of thoughts would work.
Banks in Armenia will simply ask for Passport and your residence.
It can happen that neither an utility bill has to be shown, only your word for your residence may be accepted.

In general, banks do not investigate whatever you live or not, in the country reported by your utility bill.
Neither if the utility bill is original.
This is one of the last methods to avoid CRS, globally and in EU.
 
#33
Ill try Armenia then when have bill and sim
But my Georgia account its under my real address, as Armenia ask for a transfer from another bank to active the account, and ill do it from Georgia (they will see diferent address?) if this happen ill need change in Georgia too first, but im afraid change can block account, as banks are so stupids now.
 
#34
avalanche said:
TBC bank made an announcement in their mobile app with something like "Now our deposits are insured by Georgian government for X GEL" which is around $4k lol
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That's simply a joke, it is something but nothing at the same time, useless. Anyway, this may be the last stop for people looking for a bank account for that reason this may be a good alternative to the majority of global banks.
 
Reactions: Martin Everson
#35
They dont give a s**t from my experience
 
Reactions: Obelix and khinkali
#38


If people send my about 10k EUR/USD monthly to my Armenia bank account by Wire . . . if the bank start to ask questions where the money coming from etc.
 
#39
Benzouser said:
If people send my about 10k EUR/USD monthly to my Armenia bank account by Wire . . . if the bank start to ask questions where the money coming from etc.
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Depends on the bank, what country people are sending money from, what did they put in transfer details and how you built the relationships with the manager. You definitely need to explain them where this money is coming from. Don't deal with Ameriabank in that case, find a smaller one. But your case would look like money laundering for sure.

But unless you are registered as Individual entrepreneur in Armenia, your activity would look like illegal entrepreneurship
 
Reactions: Benzouser
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