A Paraguayan bank account is the key to local financial life — and often the point where the residency process becomes tangible. Account opening requires a cédula, proof of income and clean documentation of the source of funds.
For opening an account at a Paraguayan bank you typically need: a valid cédula, passport, proof of income and documentation of the source of funds. KYC standards in Paraguay are getting stricter — thorough documentation is critical.
Banco Continental and Banco Itaú are among the recommended options for expats. Both offer modern online banking platforms and USD and Guaraní accounts.
Moving money from international accounts to Paraguay requires clear documentation. Transfers from Revolut Business or other business accounts work — provided the source is verifiable.
Hola Asunción has been through the account opening process and knows local bank requirements first-hand.
Generally no. Most Paraguayan banks require a valid cédula for account opening.
Yes. Major banks offer both USD and Guaraní accounts. Dual currency accounts are common.
45 minutes where we review your income profile, documentation and optimal timing.
Book now — $98After payment, you pick your slot in Calendly.