Which Bank is good and insured for Deposit of 25000$ CD

Last activity 13 October 2014 by Joanneinict

1144 Views

1 replies

Post new topic

ODANSerial expat12 October 2014 12:34:54

247

Dear all,

Which Bank is good and secured and authorised for the Residence purpose through Bank CD of 25000$?

Other then this Someone need to have a 90 days visit visa or it should be 180 days visa? I mean a 90 days visa can be transfer into the residence visa after making a bank CD and apply in immigration?? Do a tourist can open a Bank account of this kind??

For how long we need to keep the Deposit in the Bank for the purpose of PR? and after how long its not a problem to take the money out? Is it safe keeping money in ecuadorian banks?? for this purpose??

JoanneinictActive member13 October 2014 03:18:53

That $25,000 (+ 500 per dependent) must be left in the bank for your entire stay in Ecuador. You may take the interest out, but the $25,000 + must be left in a CD.

Hopefully, someone can answer your other questions.

Articles to help you in your expat project in Ecuador

Opening a bank account in Ecuador
A few years back, an expat would just breeze into an Ecuadorian bank, flash their passport and a bank account ...
How to Access Your Money in Ecuador
I've noticed that there's a lot of information on the Internet about how Americans access funds from ...
Food in Ecuador
What kind of food will you find in restaurants, cafes, and private homes in Ecuador? Many restaurants in Ecuador ...
Work in Ecuador
Ecuador is famous as a retirement haven. But you might not want to wait until retirement age to move there and ...
Healthcare in Ecuador
Ecuador, as a fast-developing nation, has laws that are constantly evolving, but one thing is certain: the ongoing ...
Family and children in Ecuador
Family is everything to an Ecuadorian. The extended family unit is the most important aspect of life in Ecuador, ...
The Working Holiday Visa for Ecuador
Ecuador is truly a paradise for adventure and nature lovers, and thanks to the Working Holiday Visa program, they ...
Permanent Residency in Ecuador
Ecuador is calling and you are ready to go and experience all that this gorgeous country has to offer. However, ...