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Local Bank Advice

NealR2000

4/19/2016 14:03 EST

I want to open a bank account in Pana where I can have a GTQ-USD account for the purpose of facilitating a house construction project, and subsequent living expenses. I expect to fund it by periodically wiring funds from my US account back home. Is there a particular bank that anyone would recommend?

zaqwsx

4/23/2016 13:59 EST

My experience with G&T is all they want to open an account is a NIT card which is free from SAT for anyone, a passport from any country, a cell phone number and a copy of your residential electric bill (which does not have to be in your name). they will also give you a debit card with no fees withdrawals at 5B machines. To add the G&T account to your Wellsfargo internet banking for instant transfers all you need is the account number but it has to be done at one of their branches in the U.S. If your interested for Antigua I would open your account and use the branch on the Alameda between 4th and 5th calle. the branches on the plaza and behind the bus terminal get too crowded. For banking in
Guatemala think of banking in the U.S. 50 years ago, They actually still have signature cards in the home branch and check the signature against the signature on your checks and will reject them if they do not mach and your local branch will give you real service, all the employees will call you by name and the manager will greet you when you come in, if they are busy they will move you to the front of the line or open a new window for you. once you have a relationship with the bank even visa credit cards (a problem in Guatemala if you are over 65) are no problem they will even open accounts and give debit cards to your employees with no credit or banking history in order for you to pay them by internet banking. The same goes for a house account with a debit card in your jeffe de casa's name that you can, with internet banking, monitor and fund as needed. They will also provide car, furneral (it is cheap and gets you the local prices with no hassle) and medical insurance for you all at reasonable prices.

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bajasur

4/21/2016 12:37 EST

zaqwsx, I understand from your post that one here in Gte. only needs a NIT from SAT and then take that number to G&T with your passport and one can then open a checking account at G&T without a sponsor. Is this correct? I'd sure like to open a checking account here in Antigua.

zaqwsx

4/20/2016 20:09 EST

I use G&T you need a net number, anyone including a tourist can get one for free by just asking at S.A.T. you also need a passport but no sponsor at G&T, they are the largest bank in Guatemala now and are located in most other central american countries, they own the Bank of Texas in the United States. I use Wellsfargo in the U.S. and set up internet banking with that you can instantly transfer between your Wellsfargo account and your G&T account for either no charge or a
$5.00 fee depending on your US account. G&T pays 3.5% on checking but they do withhold 10% of interest for taxes which if the amount justifies it you can file and get back.

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Living in Guatemala Guide

Expats are very forthcoming about the pros and cons of living in Guatemala. Pros include the spring-like weather, the low cost of living and the lifestyle.

Guatemala Forum
Join our Guatemala forum to meet other expats and talk about living in Guatemala.

Contribute
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Expat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
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Expat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

Guatemala Guide
Learn what members have to say about living in Guatemala.

Guatemala Forum
Talk with other digital nomads and expats in Guatemala on our Guatemala forum - meet people, get advice and help others.

Guatemala Index
An index of all of our site's Guatemala information.

Contribute
Help others in Guatemala by answering questions about the challenges and adventures of living in Guatemala.

Healthcare & Health Insurance in Guatemala

Expats in Guatemala offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Guatemala.

Expat Talk about Healthcare Advice in Guatemala

Members Talk about Healthcare & Health Insurance in Guatemala

Expats in Guatemala offer advice about healthcare in Guatemala.

Best Places to Live in Guatemala

Expats share their favorite places to live in Guatemala - from Antigua to Lake Atitlan to Xela and more.

Real Estate in Guatemala

Real estate listings in popular cities and towns in Guatemala.

Guide to Real Estate in Guatemala

Advice for people renting and buying real estate in Guatemala.

Pros & Cons of Living in Guatemala

Take off your rose-colored glasses and learn what digital nomads & expats have to say about the biggest challenges and the greatest rewards of living in Guatemala.

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Expats in Guatemala have a variety of healthcare options available to them. Understanding what is available is a critical part of preparing to move there. Advice about proximity of care and prescription medications in Guatemala is also provided by expats living there.

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Expats share their favorite places to live in Guatemala - from Antigua to Lake Atitlan to Xela and more.

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Expat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

Expat Health Insurance

Get a quote for international health insurance from our partner, William Russell.
GET A QUOTE

Guatemala Guide
Learn what members have to say about living in Guatemala.

Guatemala Forum
Talk with other digital nomads and expats in Guatemala on our Guatemala forum - meet people, get advice and help others.

Guatemala Index
An index of all of our site's Guatemala information.

Contribute
Help others in Guatemala by answering questions about the challenges and adventures of living in Guatemala.

Healthcare & Health Insurance in Guatemala

Expats in Guatemala offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Guatemala.

Members Talk about Healthcare & Health Insurance in Guatemala

Expats in Guatemala offer advice about healthcare in Guatemala.

Best Places to Live in Guatemala

Expats share their favorite places to live in Guatemala - from Antigua to Lake Atitlan to Xela and more.

Real Estate in Guatemala

Real estate listings in popular cities and towns in Guatemala.

Guide to Real Estate in Guatemala

Advice for people renting and buying real estate in Guatemala.

Pros & Cons of Living in Guatemala

Take off your rose-colored glasses and learn what digital nomads & expats have to say about the biggest challenges and the greatest rewards of living in Guatemala.

Pros and Cons of Living in Guatemala

Expats are very forthcoming about the pros and cons of living in Guatemala. Pros include the spring-like weather, the low cost of living and the lifestyle. Cons include limited access to quality healthcare (especially outside of Guatemala City), gringo pricing, crime and the reality that the rainy season can be depressing.

5 Important Tips about Healthcare for Expats in Guatemala

7 Things to Know Before You Move to Guatemala

The 5 Best Places to Live in Guatemala

Expats share their favorite places to live in Guatemala - from Antigua to Lake Atitlan to Xela and more.