What’s the maximum amount in pesos can you have in your Argentinian Bank account? Can you transfer from a U.K. High street Bank?

[RKroberts]

Hi there people. Quick question… What’s the maximum amount in pesos can you have in your account in Buenos Aires on a monthly basis?

Can you transfer money from a U.K. bank account to any Argentinian bank ie: Banco Piano, Banco de la Nacion Argentina, Banco de Galicia, Banco Macro?

 

[Neil]

Hi there people. Quick question… What’s the maximum amount in pesos can you have in your account in Buenos Aires on a monthly basis?

Can you transfer money from a U.K. bank account to any Argentinian bank ie: Banco Piano, Banco de la Nacion Argentina, Banco de Galicia, Banco Macro?

Banks here are required to report larger amount of funds being wired/deposited in from abroad. It's hard to say how much, but one thing is for sure you will be asked for proof of funds (from an Argentine accountant) at some point to prove the source.

 

[lunar]

Hi there people. Quick question… What’s the maximum amount in pesos can you have in your account in Buenos Aires on a monthly basis?

If the account is a regular one, not a "cuenta gratuita universal" or similar, then there is no limit.
Unless you have a confirmed income in Argentina, it may be difficult to open a dollar account.

Can you transfer money from a U.K. bank account to any Argentinian bank ie: Banco Piano, Banco de la Nacion Argentina, Banco de Galicia, Banco Macro?

In theory, yes, it is possible. However, in practice, it depends. It is likely to work with Banco Piano, but not with the other banks you mentioned. To explore your options, you could try visiting each bank individually and discussing your situation with them.

People who write here about making regular wire transfers from abroad are likely referring to returning money they earned in Argentina and paid taxes on here. I guess your situation is different.

 

[FrankPintor]

In theory, yes, it is possible. However, in practice, it depends. It is likely to work with Banco Piano, but not with the other banks you mentioned. To explore your options, you could try visiting each bank individually and discussing your situation with them.

People who write here about making regular wire transfers from abroad are likely referring to returning money they earned in Argentina and paid taxes on here. I guess your situation is different.

Transferring money to banks in Argentina isn't a problem, it's just a SWIFT transfer, after all, with the beneficiary's CBU as the destination. Funds received will be credited in the currency of the destination account. If the transfer was to a USD account (which will have a separate CBU to the beneficiary's Peso account), the problem is avoiding pesification after the funds arrive, which would be at the official rate. For this, as you say, you need to talk to the bank, once the transfer has happened, and show them the justification for the transfer. That would be provided by an accountant here, and could take the form of an AFIP-generated invoice matching the amount transferred. I am told that there are no special requirements for transfers of amounts up to USD 3000 / month.