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CD for Investment




Is Citi bank approved for a CD for the Investment Visa? If not, Where can I find the list of approved banks?
Thanks Maureen

In: Ecuador Living Asked By: [9 Grey Star Level]
Answer #1

Hi, id stick to the biggest banks in Ecuador for this one like Banco Pacifico, Banco de Guayaquil or banco Pichincha. best, DOm

Answers Answered By: admin [879 Orange Star Level]
Answer #2

If Citi is here in Ecuador you would probably be ok, just realize that the Central Bank will have to have the original of the CD to hold as that will be made a part and parcel of your visa…meaning if you take it back, cancel it or cash it in…you visa will be in jeapordy. I would agree with Dom, stick to the bigger banks here in Ecuador and they pay better interest than most of the USA based banks can but I would make sure I stayed away from COOP’s.

Good luck.


Answers Answered By: LarryP [848 Orange Star Level]

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