Legal Notices
Introduction
This website is owned and operated by JSC "Pave Bank Georgia", incorporated under the laws of Georgia. Access to and use of this website and its services are subject to the terms and conditions and policies provided on the website and all applicable laws.
General Information
Name
JSC "Pave Bank Georgia"
Regulator
National Bank of Georgia; License Number: 305
Registration Number
404668436
Registered Office
Georgia, Tbilisi, Mtatsminda district, Kostava Street, N14, D Block
Contact Information
contact@pavebank.com
Use of Website
This website is intended to provide information about our products and services. It is not intended to provide exhaustive details of all terms and conditions and is not a substitute for professional financial advice. For the details please refer to Website Terms & Conditions.
Disclaimer
The information contained on this website is provided for general information purposes only. JSC Pave Bank Georgia makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information or related graphics contained on the website for any purpose. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Intellectual Property Rights
All content on this website, including text, graphics, logos, icons, images, and software, is the property of JSC Pave Bank Georgia or its content suppliers and is protected by copyright and trademark laws.
Privacy Policy
We are committed to protecting your privacy. We will only use the information that we collect about you lawfully and in accordance with the data protection laws. Please review our Privacy Policy for details.
Amendments
JSC Pave Bank Georgia reserves the right to amend terms and conditions, policies or any content of this website at any time. All amendments will be posted on the website.
Governing Law
This Legal Notice shall be governed by and construed in accordance with the laws of Georgia. Any dispute arising under or in relation to this Legal Notice shall be subject to the exclusive jurisdiction of the Georgian courts.
Complaints and Contact
For any complaints or inquiries, please contact us at contact@pavebank.com
Acknowledgement
By using this website, you acknowledge that you have read, understood, and agree to be bound by terms and conditions and policies provided on the Website.
Deposit Insurance Information
Since January 1, 2018, the bank has participated in the deposit insurance system created on the basis of the Georgian law "On Deposit Insurance System." In the event of an insurance event, the available amount on the depositor's deposit/account will be reimbursed by the Deposit Insurance Agency within the limit of 50,000 GEL, and the remaining amount will be reimbursed in accordance with the applicable legislation. For more information, you can visit the website of the Deposit Insurance Agency: www.diagency.ge.
Dispute Resolution Commission
Pursuant to the Law of Georgia on Payment Systems and Payment Services, customers are entitled to lodge a dispute against the Bank with the NBG Dispute Resolution Commission (hereinafter the "Commission") within the term envisaged by the Law of Georgia/this Agreement, if the Bank has not satisfied their claim or has satisfied it partially (and/or has not responded to their complaint). The customer's right to dispute hereunder arises if the value of the subject matter of the dispute does not exceed 50,000 GEL (or the equivalent in foreign currency, as of the date on which the disputed activity took place or the customer lodged a complaint). Furthermore, customers are entitled to apply to the court directly, without first applying to the Commission. A dispute can be submitted to the Commission no later than 6 (six) months from the date on which it was filed with the Bank. The Committee will discuss the dispute envisaged herein free of charge. The Commission Regulations (including the rules and procedures for lodging a dispute) are provided in NBG Council's Resolution #2 of 26 July 2023 ("NBG Dispute Resolution Commission Regulations"). For useful information, visit the National Bank of Georgia's website at www.nbg.gov.ge/cp and/or call the hotline at +995 32 2 406 406.
Agreements
Pricing
| Package 1 | Package 2 | Package 3 | |
|---|---|---|---|
| Account opening fee | From 50 USD | From 500 USD | Pricing upon enquiry and bespoke to client needs. |
| Account monthly service fee | From 5 USD | From 100 USD | |
| Transfers in GEL | Up to 1,000 GEL: 1 GEL 1,000 to 10,000 GEL: 5 GEL 10,000 to 100,000 GEL: 10 GEL Above 100,000 GEL: 100 GEL | Up to 1,000 GEL: 1 GEL 1,000 to 10,000 GEL: 5 GEL 10,000 to 100,000 GEL: 10 GEL Above 100,000 GEL: 100 GEL | |
| Transfers in USD | 120 USD | 120 USD or 0.2%, min 120 USD | |
| Transfers in EUR | 20 EUR | 20 EUR | |
| FX conversion fee | From 0.45% | From 0.45% | |
| Assets monthly service fee | - | From 100 USD | |
| Assets in | - | From 0% | |
| Assets out | - | From 0.10% | |
| Asset conversion fee | - | From 0.35% |
Contact us for bespoke Package 3 pricing.