Opening a Corporate Bank Account in Argentina

If you’re a business owner eyeing expansion into Argentina, securing a corporate bank account is a crucial step in establishing your presence in this vibrant South American market. In this comprehensive guide, we will walk you through the types of bank accounts available, as well as the essential requirements, the most popular banks, and whether it is possible to open an account in USD.

You can only open the account once the company is registered and has its CUIT. Not set up yet? See our company registration in Argentina service, or read how to set up a company in Argentina.

Types of Corporate Bank Accounts in Argentina

1. Current Account: A current account, also known as a “Cuenta Corriente,” is the most common choice for businesses in Argentina. It allows you to carry out day-to-day financial operations, such as depositing and withdrawing funds, making payments, and issuing checks.
2. Savings Account: A “Caja de Ahorro” or savings account is suitable for businesses looking to set aside funds for future use while earning interest on their balance. However, compared to current accounts, savings accounts may have certain limitations on transaction volume.
3. Time Deposit Account: A “Plazo Fijo” or time deposit account is an option for businesses seeking higher interest rates on a fixed-term investment. This account requires a specific time commitment and is not as flexible as current or savings accounts.

Requirements for Opening a Corporate Bank Account

1. Legal Documentation: The bylaws registered with the IGJ or provincial registry, proof of registration, the minutes appointing the current authorities and the company’s tax identification number (CUIT) for your business.
2. Proof of Identity: Ensure you have a valid passport or national identity card, along with the identification documents and CUIT of each authorized signatory, plus declarations on beneficial owners and politically exposed persons (PEP).
3. Proof of Address: Provide documents to verify your business’s physical address, such as utility bills or lease agreements.
4. Business Plan and Activity Description: Some banks may require a detailed business plan outlining your company’s activities and expected financial transactions.

Most Popular Banks for Corporate Accounts in Argentina

1. Banco de la Nación Argentina: As the largest and most renowned bank in the country, Banco de la Nación Argentina offers a range of corporate banking services and enjoys an extensive branch network.
2. Banco Santander Argentina: Known for its strong international presence, Santander caters to businesses seeking seamless global banking solutions.
3. Banco Galicia: Banco Galicia is a popular choice for businesses looking for personalized services and comprehensive financial solutions.
4. BBVA Argentina: BBVA Argentina is an excellent option for companies looking for innovative digital banking services and a strong global network.

Opening a Corporate Account in USD

Yes. Most banks let companies hold US dollar accounts alongside their peso accounts. Foreign-exchange rules have also eased: since April 2025, companies can buy foreign currency to pay dividends to non-resident shareholders out of audited profits from fiscal years starting on or after 1 January 2025 (BCRA Communication “A” 8226). Earlier profits follow other rules, so plan any repatriation before you distribute. Account approval always belongs to the bank.

Opening a corporate bank account in Argentina is a pivotal step toward tapping into the country’s vibrant market. Choose from various account types, ensuring that you meet the requirements. The most popular banks, such as Banco de la Nación Argentina, Banco Santander Argentina, Banco Galicia, and BBVA Argentina, offer a wide range of services tailored to businesses of all sizes. Moreover, opening an account in USD is viable, allowing you to conduct seamless international transactions. By adhering to the guidelines and preparing the required documents, you’ll be well on your way to establishing a successful business presence in Argentina.