Banking System and Opening Accounts

Banks authorized by the Central Bank of Uruguay (see original source here):

State or National Banks:

• Banco de la República Oriental del Uruguay
• Banco Hipotecario

Private Banking:

• Banco Bandes Uruguay
• Banco Bilbao Vizcaya Argentaria (BBVA)
• Banco de la Nación
• Banco Heritage
• Banco Itaú
• Banco Santander
• Citibank
• HSBC Bank
• Scotiabank

Can I open an account without being a legal resident?

BROU, BANDES, BBVA, HSBC, Heritage and Santander Banks have account options for non-residents. As general requirements, the following must be provided:

• ID card.
• Residence certificate.
• Income certificate certified by a public accountant or receipt of income.
• Bank references.
• Bank statement from the bank where you are currently trading and credit card summary.

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Can I open an account if I am not in the country? 

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The BROU, Itaú and Santander banks have options for opening bank accounts remotely.