Business banking in Argentina

How business banking works in Argentina

Business banking in Argentina is built around the CUIT, the tax identification number for companies, issued by the tax authority known as ARCA. Once a company is registered and has a CUIT, it can open a business account, often a cuenta corriente, the checking account used for everyday business transactions. The market includes large traditional banks with branch networks and a fast growing group of digital providers. Argentina also operates currency controls that affect how businesses buy, hold, and move foreign currency, which is an important difference from many other markets. As of 11 June 2026 many digital providers offer business accounts with no maintenance fee.

Who can open a business account

A registered Argentine company with a CUIT can open a business account. The owners and the legal representative usually need a tax identifier such as a CUIT or CUIL. Foreign owned companies can hold an account, but the company must be registered in Argentina and usually needs a legal representative domiciled in Argentina with the authority to sign with the bank. A non resident company generally cannot open an account directly under central bank rules. Foreign issued documents typically must be apostilled and translated into Spanish. Verify your situation with the provider, as of 11 June 2026.

Traditional banks compared with digital providers

Traditional banks offer branch access and a full range of services, often bundled into monthly packages that carry a fee. Digital providers such as Mercado Pago, Uala, and Brubank commonly offer a business account with no maintenance fee and fast online opening, though product range and the handling of cash and foreign currency can differ. Deposit protection and the treatment of foreign currency vary by provider and are shaped by currency controls. Compare features and protections for your needs, as of 11 June 2026.

Requirements and documents

Requirements vary by provider and by whether owners are resident in Argentina. Typical items include the following. Verify with the provider

• A registered Argentine company with a valid CUIT, together with the bylaws or articles of incorporation.
• The tax identifier and identity documents of the owners and the legal representative, with a representative domiciled in Argentina where owners are abroad.
• Proof of the tax domicile and, for foreign issued documents, apostille and a sworn Spanish translation. Verify the current list with the provider.

How to open an account

1. Register your Argentine company and obtain its CUIT from ARCA, and make sure the owners or representative have a tax identifier.
2. Choose a provider and compare the business account options, checking maintenance fees, transaction costs, foreign currency handling, and deposit protection.
3. Apply online or in branch with the company and personal documents, complete the provider checks, and confirm current terms and the currency control rules before you rely on the account.