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BANKS IN BOLIVIA Tourism Travel Hotels Airlines Restaurants Agents Forums Things to Do Banks (Bancos) are risky business in Bolivia as in any developing country. There is always some worry about opening an account here. The following are leading institutions in Santa Cruz (although they are all present in most major Bolivian cities) that have demonstrated relative stability under uncertain political circumstances. None of these have folded yet, but it's always good to keep informed about the country's economic and political situation, mergers between businesses, and other types of news that might cause you to speculate or to want to delve a bit more deeply into their current status. Because of the slight risks involved in investing in Bolivia, you can usually get higher interest rates on your deposits than you might in other more stable countries. Banks are closed on all public holidays and may also close when there are other festivities, which they decide on a day-to-day basis. Keep informed about the decisions the central government is making concerning the country's businesses and economy. The movement toward nationalization may or may not eventually affect these companies - this is unknown at this time.
Need a Bank Account? Contact Expat ServicesBoliviaBella Expat Services offers an entire suite of services to help smooth your transition into expat living. In Santa Cruz, we can help you choose a bank and open a bank account, apply for residency, do your house hunting for you, help you set up your utilities, and more. Click here to learn more about all the expat services we offer.
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