Using a Paraguayan Cédula: Which Banks and EMIs Actually Work?

[WormCasting]

If you have a Paraguayan cédula and the usual supporting documents , such as your RUC, Tax ID, and temporary residency ,

what kinds of bank accounts or EMIs can you open and use for personal expenses?












Note: Local banks are excluded from this discussion. They operate in Guaraní (PYG) and are generally unsuitable for international use.

Many of them restrict your ability to hold real foreign currency and lock you into their outdated systems.

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Commonly Mentioned Options:

• Xapo Bank
• GrabrFi
• UglyCash

These platforms are often cited, but they are also widely criticized for:

• High fees
• Poor user experience
• Limited features or reliability

, or are they actually usable?



The Real Question:



Which legit banks or EMIs , ideally with multi-currency accounts , can be linked to your Paraguayan cédula without requiring your passport?



Im looking for options that:

• Accept a cédula only (no passport required)
• Support multi-currency balances (USD, EUR, stablecoins, etc.)
• Are practical for daily worldwide personal expenses
• Have reasonable fees and a good track record

If you’ve had firsthand experience , good or bad , with any of these or other relevant platforms, feel free to share your feedback.

 

[meze99]

None (without your passport).

 

[JackAlabama]

WormCasting said:






If you have a Paraguayan cédula and the usual supporting documents , such as your RUC, Tax ID, and temporary residency ,

what kinds of bank accounts or EMIs can you open and use for personal expenses?







Commonly Mentioned Options:

• Xapo Bank
• GrabrFi
• UglyCash

These platforms are often cited, but they are also widely criticized for:

• High fees
• Poor user experience
• Limited features or reliability

, or are they actually usable?



The Real Question:



Which legit banks or EMIs , ideally with multi-currency accounts , can be linked to your Paraguayan cédula without requiring your passport?



Im looking for options that:

• Accept a cédula only (no passport required)
• Support multi-currency balances (USD, EUR, stablecoins, etc.)
• Are practical for daily worldwide personal expenses
• Have reasonable fees and a good track record

If you’ve had firsthand experience , good or bad , with any of these or other relevant platforms, feel free to share your feedback.

Click to expand...

paraguay is not well supported and not very useful for offshore banking. You better off pushing it all into a corp structure.

 

[WormCasting]

Thanks but I have an European Passport that I do not want to involve in a setup.

You are saying I can create a US LLC,... with just a Paraguayan cedula (ID Card) or what do you mean?

 

[WormCasting]

JackAlabama said:






paraguay is not well supported and not very useful for offshore banking. You better off pushing it all into a corp structure.

Click to expand...

The EMI's listed do work with just parguayan cedula.

 

[SCHLOSSFINANZ]

And that should be a big red flag if they accept such low-tier document. And its against international practice. You have to a*s for a paspsort + utility bill + residence permit (if resident not in country of citizenship). Do you really want to bank with such shitty financial institutions?

 

[Frankie]

SCHLOSSFINANZ said:






And that should be a big red flag if they accept such low-tier document. And its against international practice. You have to a*s for a paspsort + utility bill + residence permit (if resident not in country of citizenship). Do you really want to bank with such shitty financial institutions?

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100%.



I'm hearing that US banks are open to Paraguay IDs but you definitely need a passport, every single bank will ask for your passport nowadays.

 

[NewHorizonsParaguay]

if xapo is expensive for you, use local banks. Itau and others do have 0.0% exchange rate fees from certain lvl of credit cards.

 

[WormCasting]

NewHorizonsParaguay said:






if xapo is expensive for you, use local banks. Itau and others do have 0.0% exchange rate fees from certain lvl of credit cards.

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Itau and others issue debit cards that can be used for worldwide payments in stores, ATM withdraws and online shopping?



Account balance is only available in local currency?



Any Paraguayan banks that issue debit cards for every day spending with good fees(outside of paraguay) ?

 

[NewHorizonsParaguay]

WormCasting said:






Itau and others issue debit cards that can be used for worldwide payments in stores, ATM withdraws and online shopping?



Account balance is only available in local currency?



Any Paraguayan banks that issue debit cards for every day spending with good fees(outside of paraguay) ?

Click to expand...

Credit cards.