'Banking accounts' Retirement

susan (196.40.14.116) -

What are the requirements for opening a checking account once you move to Uruguay and seek residency?

Comment #1 Linda from Montevideo (Contact Member) -

I'm not sure residency is part of the bank account equation. I think at Banco de la Republica you need your passport and US$500 to open an account.

The private banks will likely be more picky.

The private banks with U.S. ownership, control, or banking regulation will likely be even more picky if you are a U.S. Citizen/Resident.

Comment #2 Shirly and Martin (63.176.159.180) -

I would absolutely love to retire in Uruguay. I plan on visiting there in a couple of months just to see if I will like living there or not, but I know once I do retire I am going to go somewhere out of the US and Uruguay is looking pretty good at this point.

Comment #3 Rich (208.66.88.147) -

I believe Linda is correct. No residency is required, just a passport and U$S 500 deposit. At least that is what I have been told BROU requires. Other banks seem to present more of a hassle.

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