Opening a Bank Account in Argentina as a Foreigner

Foreigners on a standard tourist visa cannot open a bank account in Argentina. To open one, you must first obtain a DNI (Documento Nacional de Identidad) by securing a temporary or permanent residency visa through the migration office (Migraciones).

1. Secure legal residency. You must apply for a residency visa (student, work, or rentista) via the Dirección Nacional de Migraciones. Without a residency permit, you cannot obtain a CUIL/CUIT number, which is required for banking.
2. Obtain your DNI. Once your residency is approved, you will receive your DNI card. This plastic card is the only form of identification accepted by Argentine banks.
3. Get your CUIT/CUIL. Visit an ANSES office to register for your CUIL (Código Único de Identificación Laboral) or AFIP for a CUIT (tax ID). You need this to verify your tax status with the bank.
4. Choose a bank. Large national banks like Banco Nación or Banco Galicia are common. Avoid smaller provincial banks as their documentation requirements can be more restrictive for foreigners.
5. Present your documentation. Go to the branch with your DNI, your CUIT/CUIL number, and proof of address (a utility bill in your name). Be prepared to prove the source of your funds, as anti-money laundering laws are strict.

Can I open an account with just a passport?

No. A passport is not sufficient for opening a bank account in Argentina; a DNI is mandatory.

Are there online-only banks I can use instead?

Digital wallets like Mercado Pago are accessible to foreigners with a passport and allow you to hold a balance and make payments, though they are not full bank accounts.

Will my foreign bank account work in Argentina?

Yes, international cards work at most ATMs, but be aware of high withdrawal fees and the 'blue dollar' exchange rate reality when moving money into the country.