Guide to Banks in Ecuador

Get the most out of foreign investment markets from banks in Ecuador

By Patti Richards

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The growing global marketplace requires businesses expanding overseas to deal with international banking in Ecuador. Ecuador banks offer business owners the security of working with both local Ecuador banks and banks with familiar names.

Ecuador banking institutions provide clients with the ease of working with their US based banks. US based banks in Ecuador, as well as other global banks in Ecuador, give customers piece of mind working on both sides of the pond.

International banking in Ecuador helps business owners expand easily to this growing global marketplace. Ecuador banks get commercial customers the products they need to establish successful businesses or expand global franchises to the French economy. Work with banks in Ecuador to:

1. Invest in the growing Ecuador economy through Ecuadorian banks.

2. Understand the culture and climate of doing business in Ecuador.

3. Strengthen your business presence through Ecuador banks.

4. Establish your business as a competitor in the global marketplace.

Action Steps
The best contacts and resources to help you get it done

Find an Ecuador banking institution that is a correspondent of a US based bank

Using a bank you know and trust helps get your business expansion to Ecuador up and running smoothly and efficiently. Having ready access to both home and international bank accounts simultaneously gives you peace of mind that your finances and business transactions are secure.

I recommend: Citibank is a US based bank and international company offering banking in many countries around the world including Ecuador. All Banks provides users with information on banks. They have branches throughout the world.

Use local Ecuador commercial banks as resources for community involvement

Working with a local Ecuador bank helps establish your business as a contributor to the local economy. A good relationship with an Ecuador banking institution gets you recognized as a trusted partner in progress in your business location.

I recommend: Banco Central del Ecuador and Banco Del Pacifico have locations and branches throughout the country to serve all your business needs.

Compare banks in Ecuador through trusted financial resources

Work closely with your home based bank to help get good investment information about commercial banks in Ecuador. Banking in any foreign country requires some self-education, so working with a banker you trust makes the learning curve less daunting.

I recommend: Both ABN AMRO and American Express have branches in the US and abroad to meet your global business needs.

Tips & Tactics
Helpful advice for making the most of this Guide

Do your homework about Ecuadorian culture before beginning a relationship with local banks in Ecuador. Finding out what you need to know about etiquette and customs help keep you from offending anyone before ever getting started.
Make sure when banking in Ecuador you have a well-qualified translator or someone in your financial institution that can help you with language barriers. Many people in Ecuador speak English, but it's always a good idea to have someone who can help you if you need it.

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