Navigating the financial system is a key step for any resident or visitor. This directory provides a helpful list of Argentina banks to assist you in managing your finances.
Find information on various institutions offering services like personal accounts, business banking, loans, and international transfers across the country.
Opening a bank account in Argentina can be challenging for expats, but it’s essential for managing day-to-day finances, receiving salary payments, and paying bills.
The banking system in Buenos Aires offers both international banks and local institutions, each with different requirements and services for foreigners.
Buenos Aires has a mix of major Argentine banks like Banco Nación, Banco Galicia, and Banco Santander Río, as well as international banks including HSBC and Citibank.
Local banks typically offer better integration with Argentine payment systems like Mercado Pago, while international banks may provide easier connections to your home country accounts.
Most Argentine banks require expats to have a DNI (Documento Nacional de Identidad), which you receive after obtaining temporary or permanent residency.
Some banks may accept a CDI (tax ID number) for non-residents, but options are limited. You’ll also need proof of address in Argentina, which can be challenging when you first arrive.
Currency restrictions and exchange controls have historically been a feature of Argentina’s economy.
Banks may limit dollar withdrawals or international transfers. Many expats maintain accounts in both pesos and dollars when possible. Be aware that ATM withdrawal limits are often low, and fees can add up quickly.
Banking fees in Argentina vary widely.
Some accounts have monthly maintenance fees, while others are free with minimum balances. International transfers can be expensive with high fees and unfavorable exchange rates compared to services like Western Union or specialized transfer platforms.
In Buenos Aires, banks are concentrated in neighborhoods like Microcentro, Palermo, and Recoleta. Major streets like Avenida Santa Fe and Florida Street have multiple bank branches. Use Google Maps to search for “banco” to find nearby locations. Most banks require appointments for account opening, which you can book online or by phone.
