How do I open up a bank account in Nicaragua?

There are several private banks in Nicaragua but most of them require the account holder to be a legal resident of Nicaragua.  Please check this issue with your preferred bank.  Some banks will allow a non-resident to open an account if it is "planilla" account, meaning, you hold a job in Nicaragua and your company deposits your salary into your account using this service.

 

Once you have decided on a bank, you have to bring 2 forms of...

There are several private banks in Nicaragua but most of them require the account holder to be a legal resident of Nicaragua.  Please check this issue with your preferred bank.  Some banks will allow a non-resident to open an account if it is "planilla" account, meaning, you hold a job in Nicaragua and your company deposits your salary into your account using this service.

 

Once you have decided on a bank, you have to bring 2 forms of personal identification (for example valid passport, residency card, driver's license) and reference letters (usually 2) that can be personal or commercial.  You will  have to fill out a customer profile format and sign a contract as well as the signature registry cards.  You may also have to provide a tax statement or credit report from your home country.  These requirements may vary slightly from bank to bank.

 

Remember to always have 2 copies of all the documents as well as the originals.

Sometimes it is possible in Nicaragua to open a bank account without being a resident.  It will depend on the bank and if the potential client can prove his/her source of income, so a letter from his/her bank at home will work. Also very helpful would be a letter of reference from a Nicaraguan.

 

It will be also very useful if the applicant can prove he/she is in the process of obtaining residency in Nicaragua.

 

Some...

Sometimes it is possible in Nicaragua to open a bank account without being a resident.  It will depend on the bank and if the potential client can prove his/her source of income, so a letter from his/her bank at home will work. Also very helpful would be a letter of reference from a Nicaraguan.

 

It will be also very useful if the applicant can prove he/she is in the process of obtaining residency in Nicaragua.

 

Some banks have bilingual executives or branch managers, so it will more comfortable to identify this in advance if it is a concern for you.

 

To open a bank account for a business purpose it will be imperative to have a corporation duly incorporated registered.

 

Best Regards,