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With a CDI there is a good chance that Banco Piano or Banco Itaú will open a bank account, else try Santander Rió.

CDI - how to (in 2009, may have changed since).

You go to the Comisaría de policía Federal that corresponds to where you are living or - in some towns/provinces, - to the Registro Civil.

Each barrio has one. Ask anyone in your building or in the shops nearby which comisaria corresponds to your barrio. It may well not be the one closest to where you're staying by the way. You then pay a small fee (it was 15 AR$ in 2009) and ask for a "constancia de domicilio".

The next working day a policeman will call round, confirm you're living there (in a hotel, apartment, house, wherever - a bench in the park won't do, though :-D ). And don't worry, they're not there to check your immigration status!) and will leave you with a signed and stamped form stating that that is your legal domicile in Argentina.

At AFIP you ask for formulario 663 for CDI and fill it in.

I should point out that AFIP may well accept an apartment rental contract in place of the constancia but many foreigners don't have one. Short term rental leases may or may not be permissible. To save having to queue up at AFIP only to be told your documents aren't in order get the constancia.

You don't necessarily have to be physically present when the police come around if your flatmate, portero, hotel owner or concierge can confirm to the policeman that you're living there.

Now you have your constancia. Go to the AFIP office that corresponds to your domicile (again it may not be the one closest to where you are), take three photocopies of the constancia and your passport (photo page and the page of your last entry stamp into argentina) and a good book to read as you'll most likely have to wait for at least an hour.

Ask for a CDI number. If they ask you why you need one just say it's for 'escritura'.

Some people have experienced that some Comisarias are saying they won't give you a constancia if you've been living in a place for less than 30 days.
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This is what you must have for your CDI:

Original passport plus three copies for them to keep.

Copies of your visa (which may be just the stamp in your passport).

Certificado de domicilio for the police station federal that corresponds to your address.

Form 663 completed + two copies.

Something that has an address with you name on it isn't really valid, but it certainly doesn't hurt.

Make sure you take at least one extra copy of everything and make it nice and neat, make their life easier and don't go too late.

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You will be required to fill out and submit to the financial institution 2 forms to comply with FATCA. I don't remember exactly which ones they are but I think one is a W4, nothing serious and the should be able to give them to you. Also you might want to read through the following link just to see where you stand.

http://www.irs.gov/Businesses/Corporations/Foreign-Account-Tax-Compliance-Act-FATCA

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Thanks Saint John. It was easy. I went to the local comisaria, gave my lodging information, paid only 10 pesos and the next day the policeman came and saw I was really there, and gave me my certificate with barely a word-. I went to a fotocopier and made lots of copies of everyything asnd then off to the local AFIP office which was almost empty. I was number 3 in liine. After about 5 minutes I was called up, I asked for a Form 663, and expected to go home and fill it out and come bacvk, but, no....the clerk took two copies of the 663, put a piece of carbon paper between the two, gave me the set and guided me very politely to help me fill itAftrards he took my certificate and a copy of my passport photo page, entered in all the info to a computer terminal and secured my CDI number which he wrote on the duplicate Form 663 which he gave to me and said ädios!¨ I was in the AFIP office less than 15 minutes and walked out with lots of copies of my documents, and my newly issued CDI! Wow! Now to find a bank that will accept my CDI and allow me to open a savings account, and apply for a credit card. Any ideas, anyone?

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Here's an update....Getting my CDI wasnot difficult as previously posted, however it was insufficient documentation to open a bank account or apply for a credit card. I went to about 5 different banks and the response was always the same....bank accounts & credit cards are only for permanent residents with a DNI....a CDi did not count. Finally I did go to Banco Pantagonia and was given "the time of day" and told thatI needed proof of income and they would processthe application for a savings account. So I printed out my Social Security benefits letter and went back and filled out all the application paperwork. I was told to come back in 4 days(due to bank holidays, etc.) and when I did my application was "rechazado" - rejectecas. The S.S letter was insufficient, thebank needed to see monthly statements that I was receiving my benefits...and there was another "trámite" of providing some documentation that I didn't owe AFIP any money, AND I should have something showing I was paying local expenses for utilities, etc. The agent was very polite and helpful, and spoke some English, but his supervisors kept adding conditions. The end result was I have returned to the U.S. without any credit card, bank account, etc, and with the clear i pression that Argentina really doesn't want to do any banking favors for temporary residents.

I am now investigating applying for a "pensionado" or retiree visa at the Consulate in NYC, as with this I may be able to get a DNI when I return to Argentina. It appears to me that without a DNI you can not participate in the Argentine banking aystem.

Why do I want a DNI...well, then I can get the much lower, subsidized Argentine prices when flying on LAN or Aerolineas Argentina, and I will pay reduced (i.e., non-extranjero) prices when I go to national parques, etc.

I'd be happy to hear about experiences of others who live in Argentina for several months at a time (students, long-term visitors, etc.).

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I know FATCA has been mentioned before in this thread but it might be worth saying that a number of US citizens have been forced to have their Argentine bank accounts closed because those institutions just don't want to get involved in compliance.

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The same happened in Uruguay. Many friends and associates from both countries have moved bank accounts to Panama, and some are FATCA free

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I thought FACTA was enforced by the Bank issuing the money not the Bank receiving the money.

For example, you want to send US$10,000 from a USA Bank located in the USA to an Argentina, the USA Bank would withhold I believe 30% of the US$10,000 or you would have to send more than US$13,000 to net US$10,000 at the receiving end.

Can anyone clarify this issue?

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I am not a US citizen AICBW but my understanding is that under FACTA any non-US bank that wishes to do business in the USA must behave in a transparent way and account in detail for US citizens who hold overseas accounts with them. Most banks want to do business in the USA and for some of them it is easier to ditch their US overseas customers than to keep them and comply.

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I think this may be especially true in Argentina.

The rub, as I understand it, is that the US wants to get its hands on 30% of your money before it arrives in a foreign country.

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The US only withholds 30% on transfers that are being made to banks that are not FATCA compliant. Most countries decided to comply with FATCA. But some banks don't want to deal with the paperwork, so refuse to open an account for Americans. It sounds like that is part of the issue in Argentina, which has more than enough money problems of their own.

Unfortunately, many Americans have moved outside of the USA thinking they can evade paying their income taxes. I have lived overseas for years and regularly meet expats who are pretty open about not paying their US income taxes. This is one of the reasons that FATCA was implemented...

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Foreign Account Tax Compliance Act F A T C A ........................................................

http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act ..................................................................requires all global non-US (Foreign) Financial Institutions (FFI's) to search their records for suspected US persons for reporting their assets and identities to the US Treasury.

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This is how bad information is passed around, when faced with the same dilemma I did a little research on FATCA. It is an international agreement and not just the USA trying to get in expats pockets. Argentina in a bid to get back into the world financial market was required to comply with FATCA. As far as the rush of expats renouncing their US citizenship over this, yes it is true that the rate more than doubled from 2012 to 2013, in 2012 932 people renounced their citizenship and in 2013 that number rose to a whopping 2,999!!!! This is out of an estimated 3 to 7 million expats living outside of the USA. So much for the mad rush. Here is a link to a page on the IRS site explaining some of the FATCA facts.

http://www.irs.gov/Businesses/Corporations/Summary-of-FATCA-Reporting-for-U.S.-Taxpayers

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