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Paraguay Expat Forum

Bank or Cooperative?

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maik

1/19/2017 19:54 EST

Hi, I like to know if there are any banks or Cooperatives with English or German speaking staff?
Also I like to know if one can open an account without a Cedula just with the permanent residents permit?
Thanks,
Maik

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mrodas

3/26/2017 11:28 EST

In most banks in Asuncion, you will find English speaking people.

You can open an account with your passport and residence ID.

If you are a US citizen, they will ask you to fill out an additional form providing your SSN for US reporting purposes.

There are certain saving accounts that do not require a lot of paperwork,

If you are looking for German speaking banks, then Banco Regional might be one to try since they are owned by German Mennonites. It is a good bank.

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maik

3/27/2017 01:55 EST

Hi mrodas,
how are you? Thank you for your reply. Can you tell me if finance cooperativas are covered by something like a deposit insurance? I read that banks are, but I am not sure about cooperativas.
Also from what amount of money do I need proof?

Thanks for your advice.

Maik

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