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Effective May 6, 2026, Credo Bank is updating its rates and terms for international transfers, fast international transfers, transfers to Visa/Mastercard cards, and a number of P2P transactions in Georgian and foreign currencies.
For many foreigners living and working in Georgia, Credo Bank remains one of the most user‐friendly and accommodating banking solutions. This is especially important for expats, who want to not only open an account but also easily use international transfers, send money abroad, and receive funds in a convenient format.
Below, we’ve compiled the updated rates and briefly explained what you should pay attention to.
What’s changing from May 6, 2026
The changes affect several areas:
- SWIFT transfers in US dollars and euros;
- fast international transfers in foreign currencies;
- international transfers to Visa/Mastercard cards;
- P2P transfers in lari and foreign currencies.
Rates for Standard, Universal, and Expat Package Holders
The following terms and conditions apply to Standard, Universal, and Expat package holders.
Transfers in US Dollars (USD) — individuals
Standard Transfer (no guarantee, SHA):
- 20 % of the transfer amount;
- minimum $15;
- maximum $500.
Guaranteed Transfer (OUR):
- 30 % of the transfer amount;
- minimum $35;
- maximum $500.
Euro (EUR) transfers — individuals
Standard Transfer (SHA):
- 20 % of the transfer amount;
- minimum 15 euros;
- maximum 500 euros.
Guaranteed Transfer (OUR):
- 30 % of the transfer amount;
- minimum 45 euros;
- maximum 500 euros.
Rates for Premium plan holders
Premium plan customers enjoy particularly predictable terms, as a fixed fee applies to certain transactions.
US Dollars (USD) — individuals and businesses
Standard Transfer (SHA): fixed fee of $15.
Guaranteed Transfer (OUR): fixed fee of $35.
Euro (EUR) — individuals and businesses
Standard Transfer (SHA): fixed fee of $15.
Fast international transfers in foreign currencies
The bank has also updated its rates for fast international transfers via the Mycredo mobile app.
USD
Transfer via the Mycredo mobile app — $9.
EUR
Transfer via the Mycredo mobile app — €7.
For those who actively use mobile banking and prefer quick solutions without the complexities of banking, this is one of the most convenient options.
International Transfers to Visa/Mastercard
The rates for transfers to international cards have also been updated.
USD
- 5 % of the transfer amount;
- minimum $9;
- maximum $70.
EUR
- 5 % of the transfer amount;
- minimum €7;
- maximum €70.
This format can be convenient in situations where it’s easier for the recipient to receive the money on a card rather than a bank account.
P2P transfers: new rates
Changes have also been made to P2P transfers.
Card‐to‐account transfers/transfers from another bank to a Credo Bank account: 1.75 GEL.
Card‐to‐card transfers/transfers between cards of different banks: 2 GEL.
Why Credo bank remains popular with expats
In practice, many expats in Georgia view Credo Bank as one of the most accessible and flexible banks for everyday banking. This is especially true for clients who need a practical banking tool for living in Georgia, making international payments, and making regular transfers.
Among the reasons expats often choose Credo are:
- Clear banking packages, including solutions for expats;
- A user‐friendly mobile app;
- The ability to use international transfers in various formats;
- A relatively easy onboarding process for new clients compared to some other banks.
Of course, the final terms of service always depend on the client’s specific situation, service package, and the bank’s internal policies at the time of application. But overall, Credo remains a bank worth considering for foreign entrepreneurs, freelancers, and expats living in Georgia.
If you’re just planning to open an account
If you need a Georgian bank account for personal, work, business, or international transfers, Credo Bank remains a practical option to consider.
We regularly assist clients with account opening in Georgia and are happy to assist with opening an account with Credo Bank. We have a strong working relationship with this bank, so we understand the current requirements, common questions from the bank, and how best to prepare documents to ensure a smooth and hassle‐free process.