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Banking in Peru

Best banks in Peru for expats & digital nomads

Opening a bank account is one of the first things you do after moving to Peru. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.

How to open a bank account in Peru

For years a Carné de Extranjería (foreign resident ID) was required, but since an SBS resolution effective 16 June 2025 foreigners can open certain savings accounts using a passport or home-country national ID. Accounts are opened in person; expect to also provide proof of a Peruvian address, often a RUC/tax ID, and an initial deposit. Tourists generally cannot open full accounts.

Our top pick

Wise multi-currency account

Wise is the option we recommend for almost anyone moving to Peru: hold and convert 40+ currencies, get local account details to be paid like a local, and send money at the real exchange rate with low, transparent fees. It works before you even arrive, so you can receive income and pay deposits while your local account is still being set up.

Open a free Wise account →

Affiliate link: we may earn a commission at no cost to you. Wise is a fintech, not a bank; balances are safeguarded, not covered by deposit insurance.

Top banks in Peru

Banco de Crédito del Perú (BCP)

traditional
Largest network, everyday primary account

Peru's biggest bank (Credicorp group); dense branch/ATM network, PEN and USD accounts, Yape wallet, digital onboarding via app.

BBVA Perú

traditional
Strong digital banking

Large international group with well-rated online/app services; offers PEN and USD accounts to residents.

Interbank

traditional
Foreigner flexibility, urban customers

Fourth largest bank; often cited as relatively flexible with foreigners and strong in consumer banking.

Scotiabank Perú

traditional
International clientele

Local subsidiary of Canada's Scotiabank; experienced with cross-border clients, PEN and USD accounts.

BanBif (Banco Interamericano de Finanzas)

traditional
Personal service, expat-friendly mid-size bank

Mid-size bank commonly recommended to expats; full retail products in PEN and USD.

Banco Pichincha Perú

traditional
Additional retail option

Peruvian arm of Ecuador's Banco Pichincha group; standard savings, checking, cards and digital banking.

International accounts & neobanks

Payoneer

Widely used by Peruvian freelancers to receive Upwork/Fiverr/marketplace and client payments (USD/EUR/GBP receiving accounts) and withdraw to a local Peruvian bank. It is a payments platform, not a local bank account.

Availability changes; confirm on each provider's site.

Next steps in Peru

See the full Peru tax, cost and visa profile, or compare Peru with other destinations. Not sure where to go yet? Take the finder quiz.