SERVICE FEES

* Registration of the tariff package when opening an account is mandatory for all individuals, except: 
 Employees of JSC „Terabank“;Employees of organizations involved in the bank's payroll project; Current account opened within the scope of a long-term student loan product; Auto loan (pawnshop); On current accounts opened for the purpose of returning the amount transferred from the National Bank and the excess amount to the client.
Opening a multi-currency account without a package for the above-mentioned persons is free of charge;
The above-mentioned persons have the right to choose a tariff package at their discretion.
** A commission is paid if the application of a non-resident person (except for an account opened within the framework of the payroll project) is considered by the Financial Monitoring Department.
*** Inactive account - an account on which the client's order has not been executed for the last six months.
 

* If you select the fast transfer option, the payment order will be processed by Terabank in an accelerated manner within 15 minutes. Working hours are determined until 17:50.
** Instant transfer from account number to account number is possible via mobile banking.
*** The limit for transferring funds without opening an account is 1500 GEL (or equivalent in foreign currency). Transfers above this limit are allowed if the purpose of the operation is: payment of utility bills, medical service fees or tuition fees or the recipient of the operation funds is the state treasury or other state body.
**** The limit for one operation is max. 500 GEL. The daily limit for transfers by one user using a mobile number is max. 2500 GEL. The maximum limit for transfers made by one user in favor of one individual is (within 24 hours) 1500 GEL.

Important information:

To execute a foreign currency payment order, it is necessary to present a document confirming the basis for payment (contract, invoice, etc.) if the amount to be transferred exceeds the equivalent of 100,000 (one hundred thousand) GEL in the currency at the exchange rate of the National Bank.

Based on international and local legislative requirements, as well as the bank's internal policy, if necessary, the bank may, regardless of the amount, request a document confirming the basis for payment (contract, invoice, etc.) and other information/documentation necessary to study the transaction.

Important information regarding foreign currency transfers

*The maximum limit for the transaction amount is GEL1 500 or its equivalent in the relevant foreign currency.

* The penalty is calculated as 50% of the daily amount payable for each overdue day.

*A fee applies if the statement is issued from a bank branch. The fee does not apply to statements from deposit and loan accounts (including overdraft and credit card accounts); the fee for a statement from a multi-currency account per day is 20 GEL.
**The fee does not apply to deposit and loan agreements (including those concluded remotely) that are valid or have not been completed/terminated for more than 2 years. The term for issuing the document is at least 3 business days, the term may be extended and depends on the number of requested documents;
***The client has the right to receive information about the debt (including the overdraft and credit card limit used) free of charge, except for the case when the client requests the information to be issued in the form of a certificate on the bank's letterhead.
****The commission does not apply to the bank's refusal to issue a loan, if the refusal is based solely on the data in the credit information bureau database.
*****In the event that the certificate/extract on transfers is prepared for the bank's internal purposes (e.g. for loan processing), the issuance of the specified document is free of charge.