The financial institutions are under enormous pressure with KYC and AML ("Know Your Customer" and anti-money laundering) rules, and some prefer to turn away U.S.A. citizens due to FATCA.
I was not happy about all the questions I was asked, but Alaver opened a savings account for me 3 years ago and this year Banco Santa Cruz opened accounts for me. Alaver is a savings and loan and as such cannot do business in U.S. dollars other than banknote forex.
In both places there was a lot of documentation, but BSC told me to return in one day when the other guys said two days. I guess BSC needs deposits more so they're willing to try harder.
I was not happy about all the questions I was asked, but Alaver opened a savings account for me 3 years ago and this year Banco Santa Cruz opened accounts for me. Alaver is a savings and loan and as such cannot do business in U.S. dollars other than banknote forex.
In both places there was a lot of documentation, but BSC told me to return in one day when the other guys said two days. I guess BSC needs deposits more so they're willing to try harder.