Business banking fees in Guatemala

What a business account costs in Guatemala

A business account fee in Guatemala usually has several parts: a monthly account handling charge at some banks, the comision por manejo de cuenta, per transaction charges, debit card fees, cash handling fees, and the cost of foreign currency payments. Some banks waive the monthly handling fee on certain business packages or when a minimum balance is kept, while others charge none on the basic monetary account. As of 18 October 2025, a no fee local business account is not the norm across the market, and the total you pay depends on the package and how you use the account. Add the items your business actually uses rather than comparing only the headline figure.

Monthly handling and balance fees

Large local banks such as Banco Industrial, Banco de Desarrollo Rural known as Banrural, BAC Credomatic, Banco G&T Continental and Banco Agromercantil known as BAM offer business monetary accounts, the cuenta de depositos monetarios, that may carry a monthly handling fee depending on the package, with some accounts charging none and others applying a low balance or inactivity fee. Reported figures for everyday accounts are modest, for example a handling charge in the region of a few US dollars a month on some products, but amounts vary by bank and package, so confirm the current fee schedule with the provider. Foreign currency accounts and premium business packages can carry different fees.

Transfers, cards, cash and tax

Beyond any monthly fee, check the per transaction charges. Local transfers within the same bank are often free, while transfers to other banks may carry a fee. Debit and corporate cards may be included or charged separately, and cash handling can carry a fee above certain volumes. Foreign currency payments add a conversion cost. Value added tax, the IVA, applies in Guatemala and may be added to certain bank commissions, so confirm whether a quoted fee includes tax. Figures shown here are general and as of 18 October 2025.

Fees to check before you open

Look at these items before you commit, because the cheapest headline price is not always the cheapest overall. Verify with the provider

• The monthly handling fee, the comision por manejo de cuenta, whether it is waived above a minimum balance, and any low balance or inactivity fee.
• Charges for transfers to other banks, debit and corporate card fees, and cash deposit or withdrawal fees above any free volume.
• Foreign currency conversion costs on US dollar or other foreign payments, and whether IVA is added to commissions. Confirm current figures with the provider.

How to compare fees

1. List the transactions your business makes in a typical month: local transfers, transfers to other banks, card payments, cash, and any foreign currency.
2. Read each bank fee schedule and total the monthly handling fee plus the per transaction charges for your usage, including any IVA on commissions.
3. Check the cost of the items you use most, such as foreign payments or cash handling, since these often outweigh the headline monthly fee. Confirm the current schedule with the bank before opening.