If you want to open an Argentina bank account online, you better have your documents in order…
We’ll share the specific requirements below and give you some insights into the online banking options in Argentina.
But, we’ll also be sharing alternative options that you might want to consider instead, such as how to open a bank account in Mexico (since no one should really be banking in Argentina right now… not even Argentines).
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Argentina Bank Account Opening 101
- Who Should Bank in Argentina?
- Can You Open Argentina Bank Accounts Online?
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
Argentina Bank Account Opening 101
Let’s start by discussing whether or not a foreign non-resident can even open a bank account in Argentina.
In short, the answer is yes.
In fact, Argentina does not require foreigners to have residency to open accounts, though many bankers will tell you the opposite.
You see, there’s an odd phenomenon in Argentina that involves bankers lying to you, telling you the wrong information, and even promising they can open an account only to never contact you again.
This isn’t speculation. These are real, first-hand experiences based on feedback from our members.
So, if you’re looking to open a non-resident bank account in Argentina, it’s important that you prepare for some legwork and apply at multiple banks in order to open an account.
Do You Want to Explore All Your Offshore Banking Options?
Who Should Bank in Argentina?
Due to the economic situation in Argentina, we typically suggest that only individuals and businesses with local banking requirements actually bank in the country.
In fact, we strongly suggest that Argentinans with any amount of capital consider banking outside of Argentina, in a stronger economy with a stable currency.
So, if you are thinking about banking here for any reason, limit your exposure and only deposit the amount of money that you can afford to lose.
Can You Open Argentina Bank Accounts Online?
Yes, it is possible for foreigners to open an Argentina bank account online. In fact, there are several online banking platforms in Argentina that you can choose from.
However, as with most online banking platforms, Argentina’s online banks require a local phone number and DNI (Documento Nacional de Identidad or National Identity Document). While a DNI isn’t legally required to open a bank account, online banks require it as a step in their KYC process.
So, if you are not a temporary resident or permanent resident with a DNI, it’s unlikely that you are going to be able to open an Argentina bank account online.
Frequently Asked Questions
Below are two of the most common questions we receive from people exploring how to open an Argentina bank account online. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can Non-Residents Open Accounts Online with Banks in Argentina?
In order to open a bank account online in Argentina, individuals are required to have a local phone number and a DNI. DNIs are issued to temporary and permanent residents of Argentina. And, without the DNI you will not be able to complete the onboarding process.
Why Do People Open Bank Accounts Online in Argentina?
In most cases, non-residents sometimes want to open a bank account online in Argentina because it is a faster and less bureaucratic way to open and maintain accounts in Argentina. Additionally, online accounts often act as a digital payment card, allowing account holders to quickly and easily make online payments. However, there are risks, so tread carefully.
Do You Want Help Opening Bank Accounts?
If so, you can get access to GlobalBanks IQ in just a few clicks.
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+ Plus, get YOUR most pressing account opening questions answered by our team!
And “yes!” GlobalBanks IQ helps foreigners and non-resident individuals open bank accounts.
In fact, GlobalBanks IQ even helps non-resident, foreign & offshore entities open bank accounts.
To learn more about opening accounts with GlobalBanks IQ, just click here now. Or, contact us directly with any questions!