RelatedEcuadorZero Min DepositOnline OnlyFast Approval

Banco PichinchaBanco Pichincha

Ecuador 传统银行 Online or in-branch Permit holders ★ 4.1
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Minimum depositNo opening deposit; a one-off debit card issuance fee of US$5.15 only
Monthly feeSavings account about US$1.10/month, waived if the criteria are met
Minimum balanceNo minimum balance requirement
How to apply—
Processing timeAbout 1-3 hours in branch; card in about 1 week; the permanent-residency route can be opened online
Institution typeTraditional Bank
Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

Advantages

  • Ecuador’s largest bank, with the best app and biggest branch network
  • The Cuenta Transaccional has no opening deposit — a genuinely zero-threshold entry
  • Permanent-visa holders can open online, one of the few fully remote routes for non-residents
  • Denominated in US dollars, so no FX risk

Things to note

  • The cédula is a hard gate; most branches will not serve you before residence
  • Outbound international wires are expensive (US$25–50)
  • Long counter waits — 1–3 hours is normal, sometimes multiple visits

Documents required

  • Cédula residence ID (mandatory at most branches)
  • Passport
  • Proof of address (utility bill or lease within 3 months)
  • Proof of income or employment
  • Reference letter at some branches

With a permanent visa you can try the online route; otherwise bring your cédula and proof of address to a branch — arrive right at opening time

Opening offers & benefits

Standing benefits

These are stable, standing account benefits (not time-limited) — available as long as you qualify:

No Monthly FeeMulti-Currency
Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

FAQ

Ready? Open your account

Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.

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