Peru is a country in South America with a diverse and growing economy. If you are planning to move to Peru, you will need to know about the banking system in the country. In this article, we will answer some common questions about banking in Peru.
Main Local Banks in Peru and Contact Details
There are several local banks in Peru that you can choose from, including:
- Banco de Crédito del Perú (BCP): https://www.viabcp.com/
- Interbank: https://www.interbank.pe/
- Scotiabank Perú: https://www.scotiabank.com.pe/
- BBVA Continental: https://www.bbva.pe/
Presence of UK and USA Banks in Peru
Several major UK and USA banks have a presence in Peru, including:
- Citibank Peru: https://www.citibank.com.pe/
- HSBC Peru: https://www.hsbc.com.pe/
- Standard Chartered Peru: https://www.sc.com/pe/
Accounts and Services Specifically Aimed at Expats
Most banks in Peru offer accounts and services that are available to both residents and non-residents. However, some banks offer specific services aimed at expats, including:
- BCP’s Cuenta Experta, which provides expats with a free debit card and online banking services in English: https://www.viabcp.com/cuentas/cuenta-experta
- Interbank’s Expat Banking, which offers a range of services including accounts in multiple currencies and help with visas and residency permits: https://www.interbank.pe/expat-banking
Typical Bank Opening Hours in Peru
Most banks in Peru are open from Monday to Friday, from 9:00 AM to 5:00 PM. Some banks may also be open on Saturdays, but with shorter hours.
Specific Areas of Concern for Expats
One area of concern for expats in Peru is the high fees associated with banking services. Some banks may charge high fees for international transactions, so it is important to compare fees before choosing a bank.
Opening a Bank Account as an Expat
Opening a bank account in Peru is a straightforward process, and can be done in a few easy steps:
- Choose a bank that suits your needs and visit the branch in person.
- Bring your passport and a second form of identification, such as a driver’s license or national ID card.
- Provide proof of address in Peru, such as a utility bill or rental agreement.
- Fill out the account opening forms and agree to the bank’s terms and conditions.
- Make an initial deposit into your new account.
Note that some banks may require additional documents or information, depending on the type of account you are opening. It is best to check with the bank in advance to see what is required.
In conclusion, banking in Peru is a relatively straightforward process, with several options available to expats. By doing your research and choosing a bank that suits your needs, you can easily manage your finances while living in Peru.