A few weeks ago, we finally opened our bank account here in Ecuador. After 17 months, I’m sure you can tell that it’s not a priority or necessity to have one. But it does make things more convenient. At least that’s what we are hoping.
Banco Pichincha has a program just for us extranjeros (foreigners). Here is what you’ll need to open an Ecuador bank account.
- Opening deposit of USD$300
- Opening Application (they fill that out during your meeting)
- Passport or color copy of Identity card (only color)
- Residence Card (Censo of registration from the Ministry of Foreign Affairs)
- Bill (copy) of a basic service: water, electricity or phone (home, not hotel). Must be less than 60 days old.
- If the foreign citizen is a member of a company, attach copy of contract or letter from the company stating its duties and the same time in the country. (foreign workers)
And even though it isn’t officially included on the list – a letter of recommendation is also required. The brochure they had out in branch notes that you need a letter from someone who also has an account there, who will vouch for you. You know, that you are an upstanding and all around great person. And they must sign it, with their bank account number and cedula or passport number. Not sure of what it actually means, but it is required.
- Monto de Apertura de USD 300.
- Solicitud de apertura
- Pasaporte a color o copia de Cédula de identidad (solo a color)
- Carné de residencia (Censo de empadronamiento en el Ministerio de relaciones exteriores)
- Copia de planilla de pago de un servicio básico: agua, luz o teléfono (de residencia, no de hotel). La planilla de servicios debe tene run máximo de 60 días de antigüedad.
- En caso de que el ciudadano extranjero sea miembro de una empresa, adjuntar copia del contrato o carta de la empresa indicando cuales son sus funciones y el tiempo de las mismas en el pais.(extranjeros empleados)
For more information, check out the Banco Pichincha site.
Pictured is the head office for Banco Pinchincha here in Cuenca. It is on the corner of 12 de Abril y Av. Solano. Its just a couple of minutes from the city center. You don’t have to come here, there are numerous other branches, but this one is the largest in the city.