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Where can I find and submit the Private Banking account opening application?

You can fill out the account opening application by visiting Private Banking office located on the 2nd floor of Liberty Tower, in Liberty Bank’s head office at 74 I. Chavchavadze Ave., Tbilisi. Alternatively, you can download an electronic copy of the application from our website:
www.libertywealth.ge
For additional questions please contact us at +995 32 2555 500 Ext. 1010

Is it possible to get an additional card that is directly linked to my multicurrency account?

You can always get additional card(s) that is (are) linked to your multicurrency account and can be used by you or your family members.

Is interest income on my deposits taxable?

Interest income received on your bank deposit is not taxable.

What does the priority of the balances and overdrafts mean?

Priority of the balances - if, at the time of a transaction, the available balance on the respective currency account is not sufficient, the amount necessary for the transaction is debited and converted using balances on other currency accounts according to the pre-defined spending scheme and priority of the currencies.
 
Priority of the overdraft - if, at the time of a transaction, the available balance on the respective currency account is not sufficient, the amount necessary for the transaction is overdrawn from the same currency account, without debiting and converting funds from other currency accounts.
 
You can choose the priority of the balances and overdrafts in the account opening application.

What is the priority of the currency accounts when making a transaction using multicurrency card?

First of all, amounts necessary for the completion of a transaction are deducted from the account of the transaction currency;
 If, at the time of the transaction, the balance on the respective currency account is not sufficient, the amount necessary for the transaction is debited from the pre-defined main account
 You can define the main account and the priority of the currencies upon account opening.

What are the benefits of a multicurrency plastic card?

Multicurrency plastic card enables you to spend money in any desired currency without doing foreign exchange.
You can execute any banking transactions at any branch of Liberty Bank or via internet.
You can manage up to ten accounts in different currencies with one plastic card.
High interest income is accrued on the daily balances on all currency accounts.

Are there any restrictions on transferring my funds or income out of Georgia and/or investing in Georgia?

There are no restrictions applied if you decide to move your funds or income out of Georgia and/or invest in Georgia.

When and how do I get accrued interest income?

Accrued interest income is paid on your multicurrency account on the last working day of each month. You can draw funds instantly after being paid.

What do I need to open a bank account with you?

To open an account you just need to present your ID or Passport and submit completed Private Banking account opening application form.

How do I place funds on my account at Liberty Bank?

You can place funds on your account by depositing cash at any branch or service center of Liberty Bank or by transferring funds from any bank in Georgia or abroad.