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Opening a bank account in Bolivia


#1  2011-09-28 09:43:18

Julien
Founder
Julien
From: Grand Baie
Registered: 2005-03-11
Posts: 27429

Opening a bank account in Bolivia

Hi all,

is it difficult for expats to open a bank account in Bolivia ?

Which documents are required to open a bank account in Bolivia ?

How long does it take to open it ?

Is there any restriction for expats regarding the services (loans for instance)  ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien




 
 
 
 
 
 
 
 
 
 
 

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#2  2011-12-06 17:22:20

Altiplano Bolivia
New member
Altiplano Bolivia
From: Tarija
Registered: 2011-06-08
Posts: 3

Re: Opening a bank account in Bolivia

It is easy to open a bank account in Bolivia.  You do need to have a Carnet de Identidad (See Carnet de Identidad for Extranjeros) and a copy of your passport, as well as proof of your address.  So this means you at least need to have a residency Visa. It normally takes about an hour.

We use Banco Nacional de Bolivia (BNB) but it will all depend on your personal preference.  They have both accounts and ATMs for USD and Bolivianos.

Once you have an account I don't think getting a loan would be a problem and long as you can provide security in Bolivia.

Last edited by Altiplano Bolivia (2011-12-07 12:56:37)




 
 
 

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#3  2011-12-07 06:52:46

Armand
Team
Armand
From: Ile Maurice / Mauritius
Registered: 2011-02-23
Posts: 21577

Re: Opening a bank account in Bolivia

Hi Altiplano Bolivia:

Thanks for your help wink

Armand




 

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#4  2012-11-23 03:41:07

ChefJeff
Member
From: Camiri, Bolivia
Registered: 2011-04-12
Posts: 13

Re: Opening a bank account in Bolivia

all bank loans are at 18 percent interest for ten year max. most loans are for five years.
that should stop you cold and persuade you to consider other options before you concern yourself with formalities.




 
 
 

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#5  2012-11-23 13:19:05

nicafyl
Member
From: Estelí
Registered: 2011-04-06
Posts: 16

Re: Opening a bank account in Bolivia

ChefJeff wrote:

all bank loans are at 18 percent interest

Wow, sounds like bank interest on deposits is going to be a lot more than the current .1% in the US.




 
 
 

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#6  2012-11-24 00:49:50

ChefJeff
Member
From: Camiri, Bolivia
Registered: 2011-04-12
Posts: 13

Re: Opening a bank account in Bolivia

greed has crippled forward progress. if you dont live here, you should be thankful.




 
 
 

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