The Only Account in This Set You May Open Before You Arrive
Answer
The general rule applies to you
No exception is recorded for citizens of Colombia on this topic. That is the answer, not a gap - everything below is the rule you get, unchanged.
81 exceptions recorded across 33 countries · none match Colombia to Paraguay · Opening a bank account
Paraguay's regulator permits a basic savings account to be opened on the sole presentation of an identity document, under the simplified due diligence regime, and says in terms that the whole procedure may be carried out remotely. No minimum to open, no minimum balance. That is the opposite of what the relocation guides say, which repeat that physical presence is compulsory and that no Paraguayan bank opens an account remotely; the reglamento permits what they call impossible. Two limits keep it honest. The account is in guaraníes only, and monthly credits are capped at whatever SEPRELAD sets for simplified due diligence - a figure the reglamento defers to rather than states, so we do not state it either. Above that ceiling you are sent to a conventional account and the full due diligence that goes with it.
At a glance
- To open
- An identity document, and nothing else named
- Remote opening
- Permitted, in its entirety
- Minimum to open
- None
Article 3.1 of the Reglamento de las Cuentas Basicas de Ahorro, quoted here, says so in terms: no minimum opening amount and no minimum average maintenance balance.
- Minimum balance
- None
The same sentence of article 3.1 quoted here covers both: ni saldo promedio minimo de mantenimiento.
- Currency
- Local currency only
- Monthly credit ceiling
- Set by SEPRELAD, not stated in the reglamento
The reglamento defers to the simplified due diligence limit rather than reproducing it, and SEPRELAD's own regulation has not been read here
- Above the ceiling
- A conventional account, with full due diligence
Requirements
- A basic savings account opens on the sole presentation of an identity document
- Basic data of the applicant are collected under SEPRELAD's simplified due diligence regime
- The procedure may be carried out in person or remotely, in its entirety
- In person it may be done at the head office, a branch, a non-bank correspondent, or a digital channel
- No minimum amount to open and no minimum average balance to maintain
- The account operates in local currency only
- Monthly credits are capped at the limit SEPRELAD sets for the simplified regime
- To operate above that limit the holder must apply for a conventional deposit account, which carries the full due diligence procedures
What applies to you
Nothing changes for a citizen of Colombia
We have no rule recorded that treats your citizenship differently here, so the general rule above is the one that applies to you. That is an answer, not a gap.
What the law says
«La apertura de una cuenta básica de ahorro podrá realizarse con la sola presentación del documento de identidad y recabando los datos básicos del solicitante aplicables para el régimen simplificado de debida diligencia establecido por la SEPRELAD.»Our translation - not official
A basic savings account may be opened on the sole presentation of the identity document and by collecting the applicant's basic data applicable to the simplified due diligence regime established by SEPRELAD.
It says identity document, not Paraguayan cédula. Whether a foreign passport satisfies it is settled by SEPRELAD's simplified regime, which has not been read here, so this record does not answer that.
Read it at the sourceAbout this source
Paraguay's central bank and its banking supervisor. It issues the reglamentos that bind supervised financial institutions, each one adopted by a numbered resolution of a dated Acta, and publishes them as the signed resolution rather than as a consolidated code.
Standing: Issues the instrument
Cannot be cited for: It publishes resolutions one at a time, as adopted, with no consolidated text and no index of what a later resolution replaced. The reglamento for basic savings accounts of 2024 cites the 2013 resolution it supersedes in its own recitals, which is the only way to tell; an older file on the site stays reachable and reads as current. It also legislates for the supervised entity rather than for the customer: a reglamento says what a bank may and must do, never what a bank will do, and the thresholds it defers to - SEPRELAD's simplified due diligence limits - are set by a different body and are not reproduced here.
We re-read it every 120 days. More about this source
«El trámite para su apertura podrá ser realizado tanto en forma presencial como remota.»Our translation - not official
The procedure for opening it may be carried out either in person or remotely.
About this source
Paraguay's central bank and its banking supervisor. It issues the reglamentos that bind supervised financial institutions, each one adopted by a numbered resolution of a dated Acta, and publishes them as the signed resolution rather than as a consolidated code.
Standing: Issues the instrument
Cannot be cited for: It publishes resolutions one at a time, as adopted, with no consolidated text and no index of what a later resolution replaced. The reglamento for basic savings accounts of 2024 cites the 2013 resolution it supersedes in its own recitals, which is the only way to tell; an older file on the site stays reachable and reads as current. It also legislates for the supervised entity rather than for the customer: a reglamento says what a bank may and must do, never what a bank will do, and the thresholds it defers to - SEPRELAD's simplified due diligence limits - are set by a different body and are not reproduced here.
We re-read it every 120 days. More about this source
«3.1 No requieren un monto mínimo de apertura ni saldo promedio mínimo de mantenimiento.»Our translation - not official
3.1 They require no minimum amount to open and no minimum average balance to maintain.
About this source
Paraguay's central bank and its banking supervisor. It issues the reglamentos that bind supervised financial institutions, each one adopted by a numbered resolution of a dated Acta, and publishes them as the signed resolution rather than as a consolidated code.
Standing: Issues the instrument
Cannot be cited for: It publishes resolutions one at a time, as adopted, with no consolidated text and no index of what a later resolution replaced. The reglamento for basic savings accounts of 2024 cites the 2013 resolution it supersedes in its own recitals, which is the only way to tell; an older file on the site stays reachable and reads as current. It also legislates for the supervised entity rather than for the customer: a reglamento says what a bank may and must do, never what a bank will do, and the thresholds it defers to - SEPRELAD's simplified due diligence limits - are set by a different body and are not reproduced here.
We re-read it every 120 days. More about this source
«3.3 Serán de uso exclusivo en Moneda Local.»Our translation - not official
3.3 They are for use in local currency only.
About this source
Paraguay's central bank and its banking supervisor. It issues the reglamentos that bind supervised financial institutions, each one adopted by a numbered resolution of a dated Acta, and publishes them as the signed resolution rather than as a consolidated code.
Standing: Issues the instrument
Cannot be cited for: It publishes resolutions one at a time, as adopted, with no consolidated text and no index of what a later resolution replaced. The reglamento for basic savings accounts of 2024 cites the 2013 resolution it supersedes in its own recitals, which is the only way to tell; an older file on the site stays reachable and reads as current. It also legislates for the supervised entity rather than for the customer: a reglamento says what a bank may and must do, never what a bank will do, and the thresholds it defers to - SEPRELAD's simplified due diligence limits - are set by a different body and are not reproduced here.
We re-read it every 120 days. More about this source
«El monto máximo de acreditaciones mensuales será el equivalente al límite aplicable al Régimen Simplificado de Debida Diligencia en el conocimiento de sus clientes, de conformidad con lo establecido en las reglamentaciones vigentes de la SEPRELAD.»Our translation - not official
The maximum amount of monthly credits shall be the equivalent of the limit applicable to the Simplified Customer Due Diligence Regime, in accordance with SEPRELAD's regulations in force.
The ceiling is a pointer, not a figure. Stating a number here would mean taking it from a regulation we have not read.
Read it at the sourceAbout this source
Paraguay's central bank and its banking supervisor. It issues the reglamentos that bind supervised financial institutions, each one adopted by a numbered resolution of a dated Acta, and publishes them as the signed resolution rather than as a consolidated code.
Standing: Issues the instrument
Cannot be cited for: It publishes resolutions one at a time, as adopted, with no consolidated text and no index of what a later resolution replaced. The reglamento for basic savings accounts of 2024 cites the 2013 resolution it supersedes in its own recitals, which is the only way to tell; an older file on the site stays reachable and reads as current. It also legislates for the supervised entity rather than for the customer: a reglamento says what a bank may and must do, never what a bank will do, and the thresholds it defers to - SEPRELAD's simplified due diligence limits - are set by a different body and are not reproduced here.
We re-read it every 120 days. More about this source
«Para operar por encima del límite citado, el cliente deberá solicitar a la entidad supervisada la apertura de una cuenta convencional de depósito»Our translation - not official
To operate above the stated limit, the client must apply to the supervised entity for a conventional deposit account
About this source
Paraguay's central bank and its banking supervisor. It issues the reglamentos that bind supervised financial institutions, each one adopted by a numbered resolution of a dated Acta, and publishes them as the signed resolution rather than as a consolidated code.
Standing: Issues the instrument
Cannot be cited for: It publishes resolutions one at a time, as adopted, with no consolidated text and no index of what a later resolution replaced. The reglamento for basic savings accounts of 2024 cites the 2013 resolution it supersedes in its own recitals, which is the only way to tell; an older file on the site stays reachable and reads as current. It also legislates for the supervised entity rather than for the customer: a reglamento says what a bank may and must do, never what a bank will do, and the thresholds it defers to - SEPRELAD's simplified due diligence limits - are set by a different body and are not reproduced here.
We re-read it every 120 days. More about this source
Practical notes
A reglamento binds what a bank may and must do, never what a bank will do. Remote opening being permitted is not the same as any particular bank offering it, and this record says only what the regulator permits.
This covers the basic savings account. A conventional account is a different product with different due diligence, and is not described here.
The relocation guides are unanimous that physical presence is compulsory and remote opening impossible in Paraguay. The reglamento says otherwise in terms. Whichever is true in practice, the instrument is the one quoted here, and the gap between the two is the thing worth knowing.
- issuesReglamento de las Cuentas Básicas de Ahorro - Resolución N° 5, Acta N° 13 de 4 de abril de 2024
Banco Central del Paraguay - Superintendencia de Bancos
About this source
Paraguay's central bank and its banking supervisor. It issues the reglamentos that bind supervised financial institutions, each one adopted by a numbered resolution of a dated Acta, and publishes them as the signed resolution rather than as a consolidated code.
Standing: Issues the instrument
Cannot be cited for: It publishes resolutions one at a time, as adopted, with no consolidated text and no index of what a later resolution replaced. The reglamento for basic savings accounts of 2024 cites the 2013 resolution it supersedes in its own recitals, which is the only way to tell; an older file on the site stays reachable and reads as current. It also legislates for the supervised entity rather than for the customer: a reglamento says what a bank may and must do, never what a bank will do, and the thresholds it defers to - SEPRELAD's simplified due diligence limits - are set by a different body and are not reproduced here.
We re-read it every 120 days. More about this source