Peruvian bank accounts

Steps for expats on how to open a bank account

Peruvian bank accounts

Opening a bank account in Peru can be a long, drawn-out process. Be aware that Peruvian banks charge an ITF tax of about 0.01 percent on every withdrawal or deposit transaction. To open most bank accounts an expat will need a citizen card.


For the majority of bank accounts in Peru you will have to present a Peruvian ID card in order to open one. This can be a DNI (National Peruvian ID document) or a foreign residence card also known as carné de extranjería de Perú. A document demonstrating proof of residence is also a requirement. For expatriates without this identification, both Interbank and Scotiabank can provide bank accounts to people who only possess a tourist visa and valid passport.


All banks provide standard bank registration paperwork to be filled out respective to the type of bank account required. Normally this paperwork is only provided in Spanish. Please note that many banks in Peru will charge you if your balance falls below a certain amount. However, this may not be clear on the registration paperwork so we recommend consulting your chosen bank regarding fees and charges before you decide to go through with the process.

If you have employment in the country your employer, providing they are Peruvian can open a bank account on your behalf, however you may only be able to access parts of the account.

Online banking

Peruvian banks provide some of the most secure online banking systems in Latin America. Banks in Peru are notorious for their long queues so Internet banking can save you a lot of time. Most major utilities, such as gas and electricity, can be paid online. Speak to an advisor in your local bank branch on how to set up internet banking for your chosen account.

List of major banks operating in Peru

The following are some of major international banks with offices in Peru. Their websites will provide information on their services and the types of account you can open, but you will need to know some Spanish!

Further reading

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