Multi currency business accounts in Argentina, what is possible

Snapshot

Most Argentine currency controls were lifted in April 2025, so businesses can now buy and move US dollars far more freely than before, and importers no longer face the former payment wait. Holding foreign currency through a local account is possible, though terms vary by provider and some reporting rules still apply. A cross border account such as Wise can hold many currencies but is not a local Argentine account.

Foreign currency access: Far freer since most controls were lifted in April 2025. Confirm current terms with the provider.
Local US dollar accounts: Many Argentine banks offer a US dollar account alongside the peso account. Verify availability with the provider.
Reporting rules: Some operational and reporting rules still apply to company flows. Confirm the current position.
Cross border option: Accounts such as Wise hold many currencies but are not a local Argentine account.

Fees and features as of 22 January 2026Last reviewed 22 January 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Multi currency banking in Argentina changed in April 2025 when most currency controls, known locally as the cepo, were lifted. As of 22 January 2026, businesses and individuals can buy US dollars far more freely, importers no longer face the former payment wait, and companies can repatriate profits. Many Argentine banks offer a US dollar account alongside the peso account, while some reporting rules still apply. A cross border account such as Wise can hold and send many currencies but does not provide a local Argentine account. Confirm the current terms with the provider.

How multi currency works in Argentina now

For years Argentina ran tight currency controls, known locally as the cepo, that limited access to foreign currency. In April 2025 the government lifted most of those controls. As of 22 January 2026, businesses and individuals can buy US dollars far more freely, importers no longer face the former waiting period before paying for goods, and companies can repatriate profits. This is a meaningful change from the earlier picture, although some operational and reporting rules still apply to company flows.

Holding foreign currency locally

Many Argentine banks offer a US dollar account, often called a caja de ahorro en dolares, alongside the peso account. This lets a business hold US dollars locally, subject to the provider terms and any applicable rules. As of 22 January 2026, availability, fees, and the exchange terms vary by provider, so confirm the current position before relying on it. Digital providers may offer narrower foreign currency features than a traditional bank.

Cross border accounts

A cross border account such as Wise can hold and exchange many currencies and send payments to Argentina, which can suit a business that invoices clients abroad. As of 22 January 2026, it is not a local Argentine account and does not provide a local account number, so it complements rather than replaces a domestic account. Confirm what each option supports for your flows before choosing.

What to check before you rely on foreign currency

Whether the provider offers a local US dollar account and on what terms.
The exchange terms and any spread or fee applied when converting between pesos and US dollars.
Any reporting or operational rules that still apply to your company flows after the 2025 changes.

We do not list a business account that is confirmed available to business customers in Argentina through an affiliate as of 22 January 2026. Argentine digital providers such as Mercado Pago, Uala, and Brubank, and traditional banks such as Banco Galicia, serve business customers locally, and a registered Argentine entity with a CUIT is normally required to open one. Cross border accounts such as Wise can hold and send many currencies but do not provide a local Argentine account or CBU. Compare the local options directly, see the related guides below for markets where listed providers are available, and verify any option with the provider before applying.

Questions about multi currency accounts in Argentina

Can a business hold US dollars in Argentina?

Yes. Many Argentine banks offer a US dollar account alongside the peso account, and most currency controls were lifted in April 2025, so foreign currency access is far freer than before. As of 22 January 2026, terms vary by provider, so confirm the current position before relying on it.

Did Argentina lift its currency controls?

Most of the controls, known locally as the cepo, were lifted in April 2025. As of 22 January 2026, businesses and individuals can buy US dollars far more freely and importers no longer face the former payment wait, though some reporting rules still apply to company flows. Confirm the current rules with the provider and a local adviser.

Is a cross border account like Wise a local Argentine account?

No. A cross border account such as Wise can hold and send many currencies, including transfers to Argentina, but it does not provide a local Argentine account or account number. As of 22 January 2026, it complements a domestic account rather than replacing it. Confirm what it supports for your flows.

What costs apply to foreign currency in Argentina?

Costs can include the exchange spread between pesos and US dollars, account fees, and any applicable taxes. As of 22 January 2026, these vary by provider and can change, so confirm the current foreign currency terms with the provider before relying on them.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 22 January 2026. Confirm current terms with the provider before applying.