Ecuador
Where should I setup a bank account in Ecuador?
We asked expats in Ecuador what banks they use and there advice about banking. They advised...
"Before retiring in Ecuador, expats should research the cost of living in the area they are interested in to ensure it is within their budget. They should also become familiar with the local language and culture, and make sure they have the correct visas and resident permits before they arrive. Additionally, they should make sure they have access to healthcare and medical services that are up to their standard, as well as ensuring their pension or other forms of income will be sufficient to cover all the necessary expenses. Finally, they should take the time to research the area they are interested in and familiarize themselves with the local culture and customs," remarked another expat in Ecuador.
"We have an account in the bank of Loja. It is good to have a local account to pay bills here. We also maintain an account with a local bank in WA state, and with Wells Fargo. We can draw money from each at a cash machine. We use Xoom for international money transfers," said a member in Vilcabamba, Ecuador.
Ecuador Visas - Law office of Attorney Sara ChacaConnect
With Offices in BOTH Ecuador and the US, Ecuador Visas with Attorney Sara Chaca is the No. 1 Visa Law Firm for Your Move! Specializing in Ecuador Residency Visas plus converting from Temporary to Permanent Residency, Containers, Real Estate Closings, Wills and Estate Planning, Driver Licenses, Opening Businesses & Citizenship!
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Ecuador Visas - Law office of Attorney Sara ChacaWith Offices in BOTH Ecuador and the US, Ecuador Visas with Attorney Sara Chaca is the No. 1 Visa Law Firm for Your Move! Specializing in Ecuador Residency Visas plus converting from Temporary to Permanent Residency, Containers, Real Estate Closings, Wills and Estate Planning, Driver Licenses, Opening Businesses & Citizenship!
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What do I need to know before moving to Ecuador?
- How do I find a place to live in Ecuador?
- What is a typical expat home or apartment like in Ecuador?
- What is the average cost of housing in Ecuador?
- Should I buy or rent a home in Ecuador?
- What should I pack when moving to Ecuador?
- What cultural faux pas should I try to avoid making in Ecuador?
- Why do people move to Ecuador?
- What are healthcare services like in Ecuador?
- What are medical services in Ecuador like?
- What are typical rents in Ecuador?
- What appliances are typically included in a rental?
Where should I setup a bank account in Ecuador?
If you live in Ecuador, newcomers to Ecuador would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
