Small-sum transfers from US to Arg bank?

[Trennet]

Do Arg banks commonly allow you to regularly transfer small sums (e.g. us$2000 every month) from your U.S. bank (or Schwab) account? Can you do it online (e.g. use your U.S. account's website to transfer to Arg account) or do you have to go to the Arg branch in person every time?

Thanks

 

[TomAtAlki]

We just tried to transfer $1,000 from our bank in Seattle to our bank in BsAs (HSBC) and they would not accept the transfer saying that we don't have Argentina Passport or documentation. They did charge us $40 to send the money back. Wouldn't that be soo easy if we could transfer $ every couple of months!

Nancy

 

[CarverFan]

When money from abroad is transfered to your Argentine bank, it gets stopped in central bank. You then have to fill out a form and take it down to your local bank, requesting release of the money according to one of the "codes". For example, if you are a resident, you are allowed to receive x amount per month from a family member, this comes under "ayuda familiar" and has a specific number code assigned to it. Or, if it is from your own bank account abroad, it comes under "repatriacion de fondos", this has a different code. They then take a copy of your DNI and usually within 48 hours the money will be accredited to your account.

 

[TomAtAlki]

Yes, that's the key, you have to have a DNI, which we don't.

Nancy

 

[Monique]

CarverFan this is very useful info. Do you also know if any costs are involved, and if so what they are. I guess this is also how you would receive payments from abroad if you send a factura being a monotributista?

 

[Trennet]

So if you are proving that you deposit us$2000/month in an Arg bank according to your Rentista residency, how do you get the money into an Arg bank if you are going to be out of the country for 5 weeks? Won't immigrations be upset if you miss a month's deposit?

 

[davonz]

So if you are proving that you deposit us$2000/month in an Arg bank according to your Rentista residency, how do you get the money into an Arg bank if you are going to be out of the country for 5 weeks? Won't immigrations be upset if you miss a month's deposit?

I dont have a arg bank account.. so i never get money sent here.. When they asked me for details for my arg bank account when reapplying for my rentista visa, i said i didnt have one, because you need a DNI to open a bank account, and it takes more than 6 months to get a dni, and i dont stay in one place long enough, and that i have travellers cheques and use my ATM card from NZ and Visa card when i need money.. They seemed to be happy with the explanation..

 

[steveinbsas]

I dont have a arg bank account.. so i never get money sent here.. When they asked me for details for my arg bank account when reapplying for my rentista visa, i said i didnt have one, because you need a DNI to open a bank account, and it takes more than 6 months to get a dni, and i dont stay in one place long enough, and that i have travellers cheques and use my ATM card from NZ and Visa card when i need money.. They seemed to be happy with the explanation..

Wasn't that at the Argentine consulate in New Zealand?

 

[davonz]

One member of this forum was able to renew his visa (this year) at the consulate in New Zealand. He told the consulate that he could not get a DNI (he may not have known how) and therefore couldn't open a bank account in BA. He was granted a renewal of his visa rentista in NZ with a letter from his CPA.

Actually all i needed to get the visa in NZ was:
Birth certificate - Apostille
Crimial record check - Apostilled
Evidences that i will be receiving a monthly income of US$2000 a month - i used a bank statement.
Valid Passport
And 4 x passport photos.

It was a lot easier to do in NZ than doing it here.. Here they wanted a letter from my accountant, which i dont have one. Everything translated and certified - which was not the case in NZ.

Wasn't that at the Argentine consulate in New Zealand?

YES - but when i was applying here i also told them about no bank account at immigration and reason and they accepted it..

 

[lela]

i use supervielle bank with credit card cash advances. a max of USD3000.- can be taken out, you only need to bring along your passport and CC , takes about a 30/40 min, they dont charge anything, its only your banks charge back home.