Where should I setup a bank account in Uruguay?

We asked expats in Uruguay what banks they use and there advice about banking. They advised...

"Before retiring in Uruguay, expats should familiarize themselves with the local language, Spanish, as it is the official language of the country. Additionally, expats should research the cost of living in Uruguay, as it is generally higher than in other Latin American countries. It is also important to understand the Uruguayan healthcare system, as expats may need to purchase private health insurance. Furthermore, expats should research the visa requirements for Uruguay, as they may need to apply for a residency visa in order to stay in the country for an extended period of time. Finally, expats should consider the cultural differences between their home country and Uruguay, as this will help them to adjust to their new life in the country," commented one expat who made the move to Uruguay.

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Where should I setup a bank account in Uruguay?

If you live in Uruguay, newcomers to Uruguay would love to hear your answer to this question.

About the Author

Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad 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.