National Bank of Georgia launches platform to compare payment service fees, exchange rates and deposit interest rates

The National Bank of Georgia has launched a comparison platform on its website that allows users to review payment service tariffs and deposit interest rates in one place. The tool is designed to help consumers compare offerings from commercial banks, and payment service tariffs from providers, without having to search each institution’s website separately, with the aim of supporting more informed choices on payment accounts, foreign exchange and savings products. The platform compares fees for payment account-related services across commercial banks, including both individual services and tariff packages, and shows related additional charges as well as the total amount of recurring commissions. Users can filter results by service type, delivery channel such as branch, internet banking or mobile banking, currency and other parameters, and the functionality is tailored to both individuals and legal entities. The site also includes calculators for single-operation fees, estimated annual banking costs based on selected usage patterns, card transaction costs abroad and foreign exchange conversions. In addition, it provides current commercial bank exchange rates for selected amounts and compares effective deposit interest rates, including both interest and all necessary associated costs. The National Bank of Georgia noted that the information reflects data submitted by commercial banks and may change at any time, so users should verify current exchange rates and service terms with the relevant bank before completing a transaction.