How to: Banking in Guatemala

Banking outside of your home country can be difficult, but it’s not impossible. With a little help and patience, you can transfer, access and use money anywhere in the world. Especially with online banking, it’s easier than ever to manage your finances from wherever your road takes you. Here are some tips from my experience as a foreigner living and banking in Guatemala.

How to get money from the U.S. to Guatemala

1) You can bring cash with you (Up to US$10,000 can be brought in  with out declaring it.) but then you’ll have to go to the trouble of

keeping it and yourself safe until you can deposit it in a bank or use it. (Note: you’ll need your passport with you to exchange this money into local currency at the bank.

2) You can use an ATM card to withdraw up to your daily limit. Just be sure to notify your bank that you’ll be doing this or they’ll lock your card down like Fort Knox.

3) I recommend that you have a bank account in the U.S. that receives funds for you and then take checks with you to Guatemala. By writing a check to yourself you can deposit money to your account in Guatemala (see more on this below). Continue reading