If you’re thinking of moving to Bolivia or doing business in the country, then finding the right Bolivia bank to handle your financial business is going to be at the top of your To Do list.

Take the time to research the Bolivia banks carefully. Volatility in the financial sector of all countries is not uncommon these days. Here a few things to keep in mind:

1. Collect all of the information you can on banks in Bolivia before you move or conduct any business in the country.
2. Seek help with finding the right bank in Bolivia from people who have already gone through the process. Ask friends, family, expatriates or anyone who has banked in the nation for information regarding the steps you need to take to get things done.
3. Use the largest commercial bank in Bolivia for personal use since they will have the most branches throughout the nation as well as provide more services.

Action Steps
The best contacts and resources to help you get it done

Assemble general information on banks in Bolivia

It is important to know all you can about business banking in Bolivia before you begin the process of opening a bank account in the country. You want to know about the banks policies, foreign investment, the exchange rate and any other information you can think of to make your business or personal transactions easier.

I recommend: Lonely Planet has great information on money, currency exchange and other financial information that’s useful for anyone thinking of visiting or moving to Bolivia. EscapeArtist.com has a list of the biggest banks in Bolivia as well as information on finance and starting a business.

Contact expatriates for advice on Bolivia banking institutions

If you don't know where to begin when banking in Bolivia seek out expatriates for advice. They have already made the transition from the US to Bolivia so they can give you the information you need to begin that process.

I recommend: Allo’ Expat offers a wealth of information on business and finance in Bolivia. Expat Interviews Forum is a site where you can communicate with expats and tourists regarding all aspects of life on not just Bolivia but any country of your choice..

Use the largest Bolivia commercial banking institutions for everyday business

Just as there are benefits to using the big banks here in the US, there are advantages to using the biggest of Bolivia commercial banks for your everyday banking. Using the largest of Bolivia banks will give you more access to branches throughout the nation, more access to ATM's as well as just making your transition to Bolivia much easier.

I recommend: Banco Bisa and Banco Mercantil S.A are two of the biggest banks in the country and offer the most branches throughout the country.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Pay attention to the actions of the Central Bank of Bolivia. The decisions they make will affect monetary policy, other banks in Bolivia, and the economy as a whole.