Where should I setup a bank account in Otavalo?

We asked expats in Otavalo what banks they use and there advice about banking. They advised...

"Expats considering retirement in Otavalo should be aware that the cost of living is significantly lower than in many Western countries, making it an attractive option for those on a fixed income. The official language is Spanish, so learning the language or having a basic understanding would be beneficial. The healthcare system in Ecuador is generally good, with both public and private options available. Otavalo is known for its indigenous culture and famous market, which could be a draw for those interested in a vibrant local culture. The climate is temperate, with a year-round spring-like weather, but it can get chilly at night due to its high altitude. Ecuador uses the US dollar as its official currency, which can make financial transitions easier for American retirees. It's also important to know that while crime rates are relatively low in Otavalo, petty crime like pickpocketing can occur, especially in crowded areas. Expats should also be aware of the visa requirements for living in Ecuador. The most common type for retirees is the pensioner visa, which requires proof of a stable income. Lastly, while Otavalo is a small town, it's close to the capital city Quito, providing access to more urban amenities when needed," explained one expat living in Otavalo, Ecuador.

Ecuador Visas - Law office of Attorney Sara Chaca
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Where should I setup a bank account in Otavalo?

If you live in Otavalo, newcomers to Otavalo would love to hear your answer to this question.