Services · Personal accounts

Personal accounts: Ecuador

An honest assessment before work starts, the quote is fixed in writing.

We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, so no one can guarantee an opening - careful preparation simply improves the odds.

We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.

Fees

Service	Price
Personal account - opening assistance	on request

Prices are indicative and cover our work on a typical case. We confirm the exact quote in writing after a short call - you know the final number before we start. Government fees and bank tariffs are billed separately unless explicitly included.

FAQ

Can a non-resident open a personal account in Ecuador?

It is difficult. Most banks serve clients who hold a cedula, the local ID available to residents. Opening on a foreign passport alone happens rarely and not at every branch.

Do I need a cedula for an Ecuadorian bank account?

In practice, yes. The cedula is issued once you have a visa or residency, and it is what unlocks a normal set of banking products. Without it you get limited service at best.

Can I open an Ecuadorian bank account remotely?

No. Initial identification happens in person at a branch, and there is no remote onboarding route for foreigners. Online channels are only for clients who already hold an account.

What currency are Ecuadorian accounts in?

Ecuador has used the US dollar as its national currency since 2000, so accounts are held in dollars. There is no domestic currency risk, but outbound transfers attract the ISD tax and go through compliance checks. Large inbound transfers will need documentary backup.

Personal accounts: Ecuador

Fees

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FAQ

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