- Opening a Bank Account
You will need a bank account in
Argentina, so you are able to receive the rent payments, and to be to pay services and taxes of the apartment through internet.
Bank account in Buenos Aires can be more difficult than you would expect
being a non-resident foreign.
You would expect that the main American
banks would gladly open an account to an American but this is not the
case. Citibank, Bankboston, HSBC Bank and BBV refused to open a savings
account to a non-residents.
The requirements changed from bank to bank,
but they usually require you 1 year of residence, or a national ID
document. This is stupid since you don't reside and don't plan to reside
either in Buenos Aires. span>
By law the only requirement to open you a saving
account is to have a Tax ID, an address certificate from the Police
Department (we already explained how to obtain the CDI in Section 8 of
this guide) and your passport.
If you are introduced, or if you already have
an account in US / Europe with any of these banks they will open you
one, but you may have to inquire the bank in your country so they refer
www.nacion.com.ar actually is
the only bank that opens accounts to foreign non-residents requiring
only the CDI (tax ID) and address certificate. The minimal deposits are for a
pesos account ($ 50) and they charge $3-4 pesos for maintenance fee.
minimal deposit for a dollar account in Banco Nación is U$S 500 (American dollars), and
they charge U$S 2 dollars for maintenance fee.
They will give you an
ATM card that you will be able to use worldwide to get money because it
operates with CIRRUS MasterCard Network. Most of the other banks already
mentions (except for Citibank) operate with Visa Plus Network.
You should be able to open the account in the
day, but the ATM card will take from 10 to 15 days to arrive to the
address you provided.
You may have to get a second address certificate
after buying the apartment with the address of the apartment, so the ATM
card arrives safely there.
You don't want your ATM card to arrive to the
first address you provided before buying just to get the CDI (probably
the hotel or apartment where you were staying at that time.
Anyhow, you won't need this account to be open
until you already own the apartment, to make payments and receive the