Where should I setup a bank account in El Salvador?
We asked expats in El Salvador what banks they use and there advice about banking. They advised...
"Banco Agricola is a good bank, but has stringent limits for transferring of funds. You can find limits on their website. There are more branches throughout the country. Banco Cuscatlan is another good bank. Limits aren't as strict, but they do not currently have bank to bank transfers. Money can be wired, but you'd still have to complete the transaction in person. Branches are within major cities," said another expat in El Salvador.
"Before retiring in El Salvador, expats should be aware of the country's high crime rate and the need to take extra security precautions. It is also important to research the cost of living in El Salvador, as it is generally higher than in other Central American countries. Additionally, expats should be aware of the country's tropical climate and the need to take precautions against the heat and humidity. Finally, expats should research the availability of healthcare services in El Salvador, as the quality of care can vary greatly," wrote a member who made the move to El Salvador.
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Other Questions:
- What do I need to know before retiring in El Salvador?
- How do I meet people in El Salvador?
- What is life like in El Salvador?
- Is there a lot of crime in El Salvador?
- Is there a lot of diversity? Are people in El Salvador accepting of differences?
- What are the schools in El Salvador like?
- Is the cost of living in El Salvador high?
- What advice do you have for expats having a baby in El Salvador?
- What are healthcare services like in El Salvador?
- Is the cost of living in El Salvador high?
- What type of recreational facilities are in El Salvador?
- What is the weather like in El Salvador?
- Are there good restaurants in El Salvador?
- Where will I buy groceries and do other shopping in El Salvador?
- What are the visa & residency requirements in El Salvador?
- Are healthcare and health insurance expensive in El Salvador?
- What do I need to know when buying property in El Salvador?
- Are foreigners allowed to own property in El Salvador?
- What appliances are typically included in a rental?
Where should I setup a bank account in El Salvador?
If you live in El Salvador, newcomers to El Salvador would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat 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.
