Argentina — Banking: Opening Account

Why this matters

New arrivals without a DNI shouldn't assume they're locked out of banking entirely -- basic accounts are accessible at some banks with just a passport -- but they should expect real limitations (fewer products, likely in-person-only) until they have at least a DNI Precaria.

Key facts

• Basic peso savings accounts are available to some non-residents at Banco de la Nación Argentina and select private banks, using just a passport and proof of Argentine address.
• Full product access (and most online account opening) requires a DNI Precaria (issued once residency is approved) or a full DNI.
• Without a DNI, a CDI (Clave de Identificación, a limited tax ID for non-residents) enables restricted account access at some institutions.
• Non-residents generally need to open accounts in person; DNI holders can typically open accounts online with an Argentine phone number.

Steps

1. Step 1: Research and Choose a Bank — Research and select a bank that offers the services you need, and has a branch convenient for you. Consider factors such as branch hours, online services, and fees.
2. Step 2: Gather Required Documents — Gather the necessary identification and proof of address documents, which typically include a valid passport, photocopy of the passport, and proof of address. The specific requirements may vary depending on the bank and your individual circumstances.
3. Step 3: Visit a Bank Branch — Visit a bank branch during business hours, where you will need to present your documents and complete the account opening process. The process typically takes a few minutes, but may vary depending on the bank and individual circumstances.

Costs

• Opening fee: varies by bank
• Monthly maintenance fee: varies by bank
• Foreigner account opening fee: uncertain, may be higher or different from domestic account opening

Timelines

• Processing time for account opening: typically a few minutes, but may vary depending on the bank and individual circumstances
• Time to receive debit card: uncertain, may be delivered within 1-2 weeks or longer

Required documents

• Valid passport
• Proof of Argentine address
• CDI, DNI Precaria, or full DNI (depending on account type and status)
• Proof of income/source of funds (may be requested)

Common mistakes

• Assuming a bank account is impossible without a DNI -- basic accounts are accessible at some banks with just a passport.
• Not researching which specific bank is most accommodating for non-residents (Banco Nación is generally cited as the most accessible).
• Expecting full online account opening without at least a DNI Precaria.