Finding the right institution to handle your banking in Argentina should be at the top of your "to-do" list if you're moving to or setting up a business in this South American country.
Take the time to carefully research your options for Argentinian banks. Volatility in the financial sector of all countries is not uncommon these days. Here a few thing to keep in mind:
- Find American banks in Argentina with local branches. This will make your transition easier since you can set up an account stateside and will be familiar with all of the procedures and workings of the bank.
- Seek help with finding the right Argentinian banks from people who have already gone through the process. Ask friends, family, expatriates or anyone who has banked in the nation on the steps you need to take to get things done.
- Consider the largest commercial banks in Argentina for personal use since they will be the ones to which you will likely have the most access.
Find American banks in ArgentinaMost major US banks operate abroad as well. Finding a US bank in Argentina can make your transition to the country much easier. If you don't already have an account with the US bank operating in Argentina than open an account stateside before making a move to Argentina or starting a business there.
Contact expatriates for advice on banks in ArgentinaIf you don't know where to begin when banking in Argentina, seek out other expatriates for advice. They have already made the transition from the US to Argentina, banks included, so they can give you the information you need to begin the process.
Use the largest commercial banks in Argentina for everyday businessJust as there are benefits to using the big banks here in the US, there are advantages to using the biggest Argentina banking institutions for your everyday banking in this South American nation. Using a large Argentina bank will give you more access to branches throughout the nation, more access to ATM's, as well as just making your transition to Argentina much easier.
- Pay attention to the actions of the Central Bank of Argentina. The decisions they make will affect monetary policy, other banks in Argentina and the economy as a whole.