= CURRENT ACCOUNTS =
Services Provided |
Individuals |
Legal Entities |
Opening GEL current account |
no charge |
5 GEL |
Opening one foreign currency current account |
US$15 |
US$50 |
Opening an additional foreign currency account |
US$5 |
US$5 |
Account advises |
no charge |
no charge |
Issuing a Personal Identification Number (PIN) * |
US$5 |
US$5 |
* Required to enable account holder to obtain account balance by telephone |
= CASH SERVICES =
Services Provided |
Individuals |
Legal Entities |
Deposit of coins or exchange of coins to banknotes |
-- up to 100GEL |
no charge |
no charge |
-- above 100GEL |
1% |
1% |
Cash withdrawal from a current account |
No withdrawal charges for amount which were deposited in cash |
-- in GEL |
0.15% |
0.15% |
-- in foreign currency |
0.7% |
0.7% |
Armored car services |
by agreement |
by agreement |
Safe custody service |
by agreement |
by agreement |
Worn-out banknote exchange |
5-10% |
= MONEY TRANSFERS =
Services Provided |
Individuals |
Legal Entities |
Incoming money transfer to the customer's account |
no charge |
no charge |
Outgoing money transfers from the customer's current account |
-- in GEL |
0.07% min 0.50 GEL |
0.07% min 0.50 GEL |
-- in foreign currency |
0.35% min US$30 |
0.35% min US$30 |
-- interbank transfer |
no charge |
no charge |
Outgoing money transfers for non-customers |
-- in GEL |
0.07% min 3 GEL |
|
-- in foreign currency |
0.6% min US$50 |
|
= FOREIGN EXCHANGE OPERATIONS =
Buy/sell foreign currency for GEL |
Absolute Bank's Rate |
Buy/sell one foreign currency for another foreign currency |
Absolute Bank's Rate |
Conversion operations on Tbilisi Interbank Foreign Exchange |
-- up to US$500.000 |
1% |
-- over US$500.000 |
0.75% |
= CHECK OPERATIONS =
Personal check collection |
2% of the amount collected by the correspondent bank + courier charges * |
Traveler's checkcollection |
1.2% |
Issuing a bank check |
US$5 for each check up to US$ 1.500 face value 0.35% for each check over US$ 1.500 face value |
* If several checks are presented at the same time, courier charges apply to all checks together |
= DOCUMENTARY LETTERS OF CREDIT IMPORTS =
Pre-advising |
US$100 * |
Issuing |
0.3%, min US$100 * |
Amending |
US$80 |
Paying |
0.3%, min US$100 |
Canceling |
US$100 |
Other |
As debited |
* Assumes adequate collateral |
= DOCUMENTARY LETTERS OF CREDIT EXPORTS =
Advising |
0.15%, min US$100, max US$500 |
Amending |
US$80 |
Confirming |
-- for up to 3 months |
0.5%, min US$120 |
-- for up to 6 months |
0.7%, min US$200 |
-- for each additional month |
0.2%, min US$100 |
Negotiating |
0.25%, min US$120 |
Paying |
0.2%, min US$100 |
Other |
As debited |
= ADDITIONAL SERVICES =
Issuing any certificate |
5 GEL |
Mail services |
-- around Tbilisi |
0.50 GEL |
-- around Georgia |
1 GEL |
Courier Services |
Courier charges + US$5 |
Fax Service |
-- to Tbilisi |
No charges |
-- within Georgia |
1 GEL per page |
-- abroad |
US $3 PER PAGE |
Telex/SWIFT transmission |
US$5 |
Phone calls abroad |
3 GEL per minute |
Issuing a telegraphic test-key |
US$ 15 |
Additional or consolidated account statements |
5 GEL |
= GUARANTEES =
Issuing |
Determined case by case |
Amending |
US$50.00 |
Canceling |
US$50.00 |
Paying |
0.2%, min. US$100 |
= TIME DEPOSITS =
Time Deposits are accepted in US Dollars and GEL at competitive interest rates.
Visit or call current rates for deposits of one month to one year. |
= SAVINGS ACCOUNTS =
---- Accounts in dollars or Lari ---- Minimum account balance $ 150 or equivalent in GEL ---- Interest at competitive rates, paid monthly |
Services Provided |
Opening a GEL savings account |
no charge |
Opening a foreign currency savings account |
no charge |
Account advises |
no charge |
Issuing a Personal Identification Number (PIN) * |
US$5 |
Cash deposit in a savings account in foreign currency |
no charge |
Cash withdrawal from a Savings Account |
No withdrawal charges for amounts which were deposited in cash |
-- in GEL |
0.15% |
-- in foreign currency |
0.7% |
* Required to enable account holder to obtain account balance by telephone |
= PAYMENT CARDS =
Absolute Bank issues VISA Cards as well as its own UFC Card. VISA is the premier international card, accepted almost everywhere. The UFC Card for Lari payments is accepted by many merchants and the offices of five banks throughout Georgia. Ask for information at any Absolute Bank office. |
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