Colombia

How to open a bank account in Colombia

by Bob Sheth on February 23, 2014

How to open a bank account in Colombia

How to open a bank account in Colombia

As the number of expats in Latin America continues to grow the subject of opening local bank accounts is something which rears its head time and time again. Even though many expats will maintain their former banking facilities and use the international ATM banking network to draw funds, in the long term it can be very beneficial to have a local bank on hand. So, how do you open a bank account in Colombia?

This is a subject that was covered in depth on the Gringos forum offering some very interesting advice, observations and scenarios. It seems that the banking system in Latin America is very different to that in North America and Europe, as two examples, and you need to know your way around, you need to know how to work the system and you need patience. [click to continue…]

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