Opening a bank account in Bolivia

Julien Founder

Member since 11 March 2005

17 years of happy life abroad

JulienFounder28 September 2011 07:43:18

53095

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

Altiplano Bolivia Guest

Altiplano BoliviaGuest06 December 2011 15:22:20

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.

Armand ViP

Member since 23 February 2011

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ArmandViP07 December 2011 04:52:46

24785

Hi Altiplano Bolivia:

Thanks for your help

Armand

ChefJeff Member

Member since 12 April 2011

ChefJeffMember23 November 2012 01:41:07

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.