15 Jan 2015
Bank accounts in Argentina
Actually, our firm can assist in opening a Bank Account in Argentina.
For instance, if you are moving to Argentina permanently or temporarily, you will have to eventually get a bank account. However, banks charge exorbitant fees for foreign ATM withdrawals or transactions from an offshore bank. Thus, you definitely want to try to open an account sooner rather than later. Nevertheless, there is no federal banking policy for foreigners opening a bank account in Argentina. Each bank has its own requirements. For example, the biggest local banks in the country are Banco De La Nación Argentina and Banco CrediCoop. Also, there are well known foreign banks in the country such as Citibank, HSBC, and Santander.
On the other hand, Argentinian banks only allow foreigners to open either a savings account or a current account. Similarly, a current account is a checking account and is known locally as a Cuenta Corriente. However, one of the downsides to banking in Argentina is that foreigners cannot borrow money from banks.
Understanding what is required to open a bank account in Argentina
Above all, it is not possible to open a bank account from abroad. The following documents are required to open a retail bank account:
- Proof of residence. Actually, you can obtain it at a civil registry office or from a local police station
- CUIL or CUIT – the CUIL (Código Único de Identificación Laboral) and CUIT (Clave Única de Identificación Tributaria) are identification numbers for tax purposes. For information on how to obtain one please contact us: https://limeres.com/seo/
For people who need to open a bank account but who do not possess a CUIL or CUIT, the alternative is a CDI or Identification Code (Clave de Identificación).
Requirements to obtain a CDI are:
- An AFIP F 663 form.
- For residents – either an Argentinian civil document, a national identification document (DNI/Cédula de Identidad) or documentation from the National Immigration Office (Dirección Nacional de Migraciones) showing residency status
- For non-residents – a passport
In conclusion, our law firm relies on an extensive network of qualified attorneys. As a matter of fact, we provide legal assistance throgouht Argentina:
Buenos Aires, La Plata, Catamarca, San Fernando del Valle de Catamarca, Chaco, Resistencia, Chubut, Rawson, Córdoba, Corrientes, Entre Ríos, Paraná, Formosa, Jujuy, San Salvador de Jujuy, La Pampa, Santa Rosa, La Rioja, Mendoza, Misiones, Posadas, Neuquén, Río Negro, Viedma, Salta, San Juan, San Luis, Santa Cruz, Río Gallegos, Santa Fe, Santiago del Estero, Tierra del Fuego, Antártida e Islas del Atlántico Sur, Ushuaia, Tucumán, Mar del Plata, San Miguel de Tucumán