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Home > Businesses > Remote Banking Services > Drop Box

Drop Box

What are drop-boxes?

Drop-boxes are a new service located in our 24/7 Zones that clients can use to deposit money above GEL 1500 on their accounts safely and quickly. Funds can be deposited into current accounts or accounts for legal or physical persons, and the sum will automatically be credited to the specified account upon completion of the operation.

This service is primarily designed for business clients who regularly deposit large amounts of money, either through representatives of the company or third persons (distributors, dealers, employees).
To use the drop-boxes, clients must register for the service with the bank. Once they have signed up for the service, they will receive drop-box cards and will use special drop-box packages to deposit money.

Advantages of drop-boxes:

  • The service is available 24/7;
  • Using the drop-boxes to make deposits is quick and easy, with no queueing in the branch;
  • Deposits can be made by representatives of the company or by third parties (distributors,
    dealers, employees);
  • The deposited sum is automatically credited to the account;
  • There is no commission fee for deposits made via the drop-boxes.

How to use the drop-boxes

  • In order to activate the service, the client signs an agreement with the bank, whereby the bank defines the daily limit of the sum to be deposited by the client, his or her representatives, or third parties.

  • The bank gives the client a drop-box card(1) to deposit money into current accounts.

     Drop Box card contains the following data:

           Owner of the card
           Account(s) in which funds are to be deposited
           Limit of funds to be deposited*

     The owner of a company defines a limit of a drop-box card

     The number of drop-box cards per company is not limited

     The company owner defines the number of distributors and dealers authorised to make deposits

     Each user can own just one card

     The cards are valid for 3 years

    *The amount(s) deposited may not exceed the daily limit defined by the bank.

  • Deposits may be made in three currencies: GEL, USD and EUR. Each user may have only one card.
  • The amount of the sum defined for deposit on the account should be placed in a drop-box package,(2) which is available in the branches.

     In order to identify the package, there is a barcode on the drop-box package. However, it is necessary to fill the following information:

           Name of the company
           Amount to be deposited
           The currency

     Only one type of currency should be placed in each drop-box package

     In addition to bank notes,  GEL 5 coins may be placed in the drop-box package

How to deposit money in a drop-box

The drop-boxes are easy and convenient to use. Just follow these simple steps: 

  • After you have prepared and calculated the sum you wish to deposit, place the money into the drop-box package
  • Identify yourself  and your organisation with your drop-box card
  • Select the currency and the account on the screen
  • Indicate the amount of the sum to be deposited
  • Select the desired function of the sum to be deposited (only if you are going to deposit the sum on the account of a legal entity)
  • Scan the bar code on the drop-box package
  • Put the package in the drop-box
  • Take your deposit receipt

After you have completed these steps, the sum indicated on the receipt will automatically be credited to the specified account. If there are any discrepancies concerning the sum deposited in the drop-box and the sum stated on the drop-box package or entered on the screen, the balance will be adjusted accordingly. If there is a surplus, the additional amount will be deposited to the account, but if the amount was overstated, the difference will be deducted from your account. If the balance on the account is insufficient to cover the difference, the amount in question will automatically be treated as an overdraft, on which annual interest of 36% will be charged.

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