Dedicated to providing you with credible information about living overseas
Best Places In The World To Retire Community Questions and Answers about living and retiring abroad

Questions & Answers

Q & A Menu Q & A BY TOPIC
To navigate, use menu bar to the left
Mike Cobb of ECI Development – Best Places In The World To Retire User Account
Transferring money to Nicaragua is easy once you have a bank account set up. There are 3 major Nicaraguan banks: BanPro, BanCentro, and BAC. All three have U.S. Dollar accounts but you probably need to be a resident in order to open an account. Transfers after an account is open can be by wire, or if you have an account at BAC, their BAC Florida account can receive a transfer from a US bank and then credit on the funds to your account at BAC Nicaragua.
Paul Tiffer of TIFFER & ASOCIATES – Best Places In The World To Retire User Account
An easy way to transfer money to your bank account in Nicaragua from anywhere can be by just writing a check - if you have a checkbook for your foreign account - and doing a deposit in your Nicaraguan account.  It will take three weeks to clear but the transaction will be free of charge.  This is addition to transferring money via wire transfer, as mentioned by Mr. Cobb and Mr. Corrales in other answers to this question.
 
Best Regards,
Sergio Corrales of E. CASTILLO ADVISORS – Best Places In The World To Retire User Account
It is easy to transfer money to your Nicaraguan bank account. Wire transfers are the most common ways to transfer funds here. It usually takes a couple of days to complete a wire transfer. You can have bank accounts in three currencies: cordobas - which is our national currency-, US dollars and Euros. There are no restrictions to transfer money in or out of Nicaragua, but you do have to support the origin of the funds for transactions over US$ 10,000.00.
 
if you open a bank account in places like Granada or San Juan del Sur, you do not have to prove you are a Nicaraguan resident, but for some strange reason if a non resident tries to open a bank account elsewhere they will be told you have to be a resident, so if you are not a resident and want to open a bank account, drive to Granada or San Juan and done!

Go Here Next

 
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadUse the menu on this page to go to categories of Stories.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadUse the menu on this page to go to other categories of questions.
The Best Places In The World To Retire Location Advisor makes personalized recommendations for where to live and retire overseasGet matched to your ideal location to live abroad.
Best Places In The World To Retire Community Questions and Answers about living and retiring abroadAnswers about living, working or visiting abroad.
Best Places In The World To Retire Expat Stories contains text, video, and photos by people just like you who are already living abroadStories by expats & others about their life aborad.
Best Places In The World To Retire - MarketplaceFind for profit, non-profit and religious organizations.
 

Our Pledge To You

Best Places will present information from the Community in a transparent way, unedited, except to conform with our Conditions of Use.

You can trust that Best Places does not manipulate content to sell you anything. All opinions in the Community Q & A and Expat Stories are those of its authors, not Best Places.

Get Known To The Community

Those who contribute to the Best Places Community are our heroes! And being a Best Places hero is fast, fun, and easy. Just go to Questions & Answers, find your first question to answer, click on it, and then click the Contribute Your Answer To This Question Button. If you’d rather enter a Story, go to Expat Stories and click the Contribute Your Story Button".

Contact/Support

Please contact us. We would love to hear from you! Customer Service
Technical Support
Business Development
Suggestions
Press
Phone: (US) 520-940-0481