Steps to validate an IBAN
There are two different validations that can be performed to ensure an UK IBAN is correct.
- 01First validation is done using the IBAN's Check Digits using the MOD97 algorithm.
- 02Second layer of validation can be carried out on the domestic sort code and account number combination
- 03Match the sort code against our Bank and Branch code directory to check if it exists
Found the correct IBAN, What to do next
With a Georgian IBAN in hand, complete these steps before transferring.
- 01Confirm the beneficiary name with the Georgian bank. Cross-border wires get held when names do not match.
- 02Pair the IBAN with the bank's SWIFT/BIC. Georgia is not in SEPA, so inbound EUR or USD wires route through correspondent banking.
- 03For payments inside Georgia, the National Bank of Georgia's RTGS handles high-value flows and the Instant Payment System (IPS) handles 24/7 retail.
- 04Confirm the account currency. Georgian banks commonly hold GEL, USD, and EUR.
- 05Send a small test transfer first when paying a new Georgian counterparty.
Common transfer mistakes to avoid for Georgia
Exact beneficiary name
Must match bank records exactly to avoid rejection or delays
Correct SWIFT/BIC code
Ensures the payment routes to the right bank.
Currency match
Sending the wrong currency can trigger extra fees or failed transfers.
Active account details
Outdated or inactive accounts can result in returned payments.
IBAN Rules in Georgia
- 01IBAN is mandatory in Georgia for every bank transfer. The National Bank of Georgia (NBG) enforces it for domestic and cross-border payments alike.
- 02The 22-character Georgian IBAN begins with GE, two check digits, a 2-letter bank code, and a 16-digit account number.
- 03There is no parallel local account format. The same IBAN handles all GEL domestic transfers and is the reference for inbound USD or EUR wires through SWIFT. Georgia is not a SEPA member, so cross-border EUR payments still rely on correspondent banking. NBG has trade association status with the EU but full SEPA accession has not happened. Pilot links to RTGS.global connect Georgia, Tajikistan, and Uzbekistan for select corridors.
Georgia Payment Schemes
Georgia's payment system is operated by the National Bank of Georgia, with retail card flows still dominated by Visa and Mastercard.
- 01RTGS, National Bank of Georgia, real-time gross settlement for high-value GEL payments.
- 02Instant Payment System (IPS), National Bank of Georgia, 24/7 instant retail payments in GEL, developed with World Bank support.
- 03GeCSD, National Bank of Georgia, central securities depository settlement.
- 04Visa and Mastercard, dominant card schemes under NBG oversight.
- 05SWIFT, for cross-border settlement.
- 06RTGS.global, pilot cross-border links with regional partners.
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Disclaimer
This tool is provided for informational purposes only. Xflow does not guarantee the accuracy or completeness of results. Always verify account details directly with your bank or beneficiary before initiating any transfer. Xflow is not liable for any losses arising from incorrect IBAN usage.
Last Reviewed: 26/05/2026