Financial Services to send and use foreign money to Paraguay

Basa Banco headquarters where it is confirmed that it can be opened by physically going there.

Until few months ago it wasn't possible to open a bank account with just the passport anywhere in Paraguay.

Now (02/06/2026) there is this exception, that maybe will be available in other banks in the near future, or it will be closed/removed again.

It is a "cuenta basica", which means that you can't deposit more then 3 times the "soldo minimo" x month on it, which is in total nearly 9M of guaranì. ($1400/$1500)

After you have the account, if your address is still not visible on the bank statement, you need to ask the support from Whatsapp to fix it:
Basa Banco Whatsapp support
After this, you will also have the proof of residency that can be used to open accounts on other fintech services.

Not tested, but it seems that even Banco Continental permit to open basic account with only passport here:
https://maps.app.goo.gl/1JdAhRYYMGPgxcQP8

https://international.schwab.com/

Requirements:

• Proof of residency in Paraguay, such as a bank statement
• A passport, it doesn't need to be the Paraguay passport

Benefits

• Free registered US account with the ability to receive and send ACH.
• You can also receive SEPA transfers to a European bank, which are then converted to USD with a 1% fee.
• https://international.schwab.com/resource/instructions-to-transfer-money-to-your-schwab-account
• Non-contactless debit card; you can withdraw cash from all ATMs at market exchange rates, and Schwab reimburses the ATM withdrawal fee.
• With the Schwab card you can currently withdraw from ATM in Paraguay 5M of guaranì, nearly $800/$830 x day.

https://monerium.app

A bank account that can receive and send to third-party accounts, which can be opened with a Cedula and PY residency.

The use of a wallet as a metamask is required, because upon deposit, the funds are converted into a proprietary EUR stablecoin, and upon sending, a conversion always occurs. Both deposits and sendings are 1:1 with no fees.

Therefore, it is also useful for receiving payments from third parties, for example, as a freelancer, without sharing any european ID data.

Fees: no fees

More information on the company: https://monerium.com

Mint/redeem EURe stablecoin 1:1 free.

Some services good to exchange other cryptos to get EURe or the opposite:
- https://jumper.xyz
- https://swap.cow.fi
- https://app.debridge.com
- https://www.bungee.exchange
- https://balancer.fi/swap/arbitrum/0x0c06ccf38114ddfc35e07427b9424adcca9f44f8/USDC

Currently the network where the EURe is mostly available is Gnosis, but the most used network are Ethereum and Arbitrum

https://scb.io

The EUR account isn't nominal.

SEPA in/out transfers are free.

Mint/redeem EURS stablecoin 1:1 free.

EURS stablecoin available in/out on Ethereum, Polygon, Algorand, Ripple, XinFin and Stellar networks.

It seems that it allows also business account.

Fee: https://scb.io/pricing

More invo about EURS: https://stasis.net/eurs-info

https://bilderlings.com

This can be a possible alternative to EU Bank Accounts that doesn't allow PY residency.

A bank account that can receive and send to third-party accounts, which can be opened with a Cedula and PY residency.

USE THE APP: During the registration from the "website" there is step where they may ask your passport country,
here you should select Paraguay, and then during the next steps of verification you will be able to show them your Cedula.
Another user said that the Bilderlings team may contact you by email asking other documents related to your Paraguay residency.
I advise to use the "app" instead of the website to register your account.

Fees:
- https://assets.bilderlings.com/prices/Domestic_Individual_en.pdf
- https://bilderlings.com/personal/pricing/
- 30 free SEPA transfers for month, then 0.35€ fee for next transfers.

Cashback up to 1%: https://bilderlings.com/personal/cashback-and-perks/

https://jup.ag/mobile

This can be a possible alternative to EU and USD Bank Accounts that doesn't allow PY residency.

Virtual accounts provided by 3rd party called Noah

Crypto deposit available with USD on Solana network

It can be used with cryptocurrencies/stablecoins, then swapped.

Examples of use:
- USDC (Solana Network) -> Jupiter -> ACH -> Schwab -> Card -> ATM
- EUR (SEPA) -> Jupiter -> ACH -> Schwab -> Card -> ATM

If you want to get $100 "freely", you can use this ref link https://jupiter.go.link/5usnj
If you subscribe with it, aftet the KYC, if you pay $1000 with the card before are passed 30 days from the KYC, you will then receive $100 as a bonus.

https://minipay.to

This can be a possible alternative to EU and US Bank Accounts that doesn't allow PY residency.

I discovered this servive but I wasn't able to test it as my Cedula is expiring.
Instead Paweł Ka, from the telegram group, was able to test it, and this is its helpful report:

- A Google account is needed
- It is also needed access to Google Drive for the backup
- Citizenship: European
- Residency: Paraguay
- Document: PY Cedula
- No VPN needed
- Verification code via WhatsApp
- No verification for PY phone number so far
- Location is automatically checked but he was in Europe now and there was no issues
- Received both US and EU account
- Virtual accounts provided by 3rd party called Noah
- Note: Noah It's not available in UK

It can be used with cryptocurrencies/stablecoins, withdraw with USDC.

Examples of use:
- USDC/USDT/USDm (Celo Network) -> Minipay -> ACH -> Schwab -> Card -> ATM
- EUR (SEPA) -> Jupiter -> ACH -> Schwab -> Card -> ATM

https://www.westernunion.com

It doesn't allow to use fiat currencies outside of paraguay, only pyg, if registered with Cedula
It is better to register with an european document.

Currently the exhange rate from EUR to PYG is better then Paysend.

This is a well know service to send money around, and it seems that this year they will enable their own stablecoin.

It is working good with an account opened with european ID, I'm not sure how it works with Paraguay ID.

To get the lowest fees possible, you should send to bank accounts.

Ueno Banco supports WU directly, from the Ueno interface:
"Ir al detalle" (of the account) -> Acreditar saldo -> Western Union -> MTCN.

It seems that currently the max amount for transaction is 50.000 EUR

https://paysend.com

Paysend requires an european or uk phone number.

It has a better exchange rate than WU and Remitly if sending from EUR.

It requires a European phone number or from UK, and an ID from the country of the phone number.

It can't be opened with Paraguay documents currently.

This is the simplest and quickest service.

Once certain thresholds are exceeded, they may begin requesting more documents, including the Cedula.

Paysend requires the number of the account with 16 digits, usually you find this number with lower digits on you py bank app.
So you have to put some zeros to reach the 16 digits, example:
If your account number is 12345678, on paysend you have to put 0000000012345678.
As you can see there are now 16 digits.
Ueno Banco is listed as "VISION BANCO SAECA" on Paysend.

Currently there aren't fees if you pay with Cards, Google Pay, SEPA, Plaid.

It seems that currently the max amount for transaction is 1484 EUR

https://strike.me

You can deposit Bitcoin on-chain or with LN.

You can deposit USD from US account with your name (ex Schwab), or USDT from Tron network, and exchange them to Bitcoin.

ACH withdraw fee: 0.5% (max $50)

Example of use: Bitcoin -> strike.me -> USD -> ach -> Schwab -> card -> atm -> pyg

If you want, this ref code gives you $100 free of fee trades: https://invite.strike.me/MWQFVP

https://joinpana.com

Thi service offers USD account in your name with 0.35% deposit fee.

You can withdraw in different ways, but USDC on Base network is free.

Other fees
Send:
- $0 to $400: $2.00
- $401 to $5000: 0.5%
- $5001 to $10000: 0.4%
- Over $10000: 0.3%

Bank transfers (Internactional) & remittance:
- From $2.99

Cash deposit:
- From $3.00

Card usage:
- Free in the United States (including Puerto Rico)
- For other countries (including your country) or currencies: from 1.6%

ATM usage:
- ATM Withdawal: $1.50 + 1% per transaction
- ATM decline: $0.85 per transaction
- ATM balance inquiry $0.85 per transaction

USDC in Base
- Send & receive: free

USDC/T (outside of Base)
- Receive: 0.5% of amount

https://www.global66.com

This service allow to receive PYG from your Paraguay bank accounts (only), then send them to open latam countries, usd bank accounts or convert them in stablecoins.

If you have the IDs of other latam countries you can then receive local currencies even from them.

Fees and spread aren't cheap.

https://app.mtpelerin.com

Another EUR account, which can be opened with cedula and PY residency.

However, when withdrawing EUR over approximately 548 euros, there is a 1.3% fee, which can be reduced by purchasing tokens.

Upon receiving, you also have to choose which token to automatically convert to. You can choose Bitcoin or other tokens, including stablecoins tied to the euro.

https://wise.com

The account must be opened as a European resident, the virtual card must be activated, and possibly the physical one, "and later", the residency must be changed to Paraguay.

It will no longer be possible to renew cards, but existing ones should remain functional.

Opened bank accounts will remain active.

This is my current personally situation after more then one year, but others are saying that Wise after a while it will close the account by doing this. So make your choice wisely.

The USD account allows you to:

• send ACH with a flat fee of $1.13
• receive ACH with zero fees

Receiving limits: $20,000,000

Movement limits: $35,000,000

The EUR account allows you to receive and send with zero fees.

https://avici.money

Another EUR and USD accounts, which can be opened with cedula and PY residency.

It supports also deposit and conversion with different stablecoins and cryptos.

Fees to send:
- ACH $1
- Wire $15
- SEPA 1€
- RTP $1.

It seems that by using the beta on iOS testflight, you can temporary get the virtual card for free instead of $10.

https://www.hsbc.com.hk

A big bank, cards with low FX fees, access to asian currencies.

Opening from here: https://www.hsbc.com.hk/international/banking-in-hong-kong

Fees: https://www.hsbc.com.hk/fees

To maintain the account free, without monthly fee, you will need to maintain HKD 10.000 on it. (nearly 1080 EUR or 1279 USD)

It can't be opened fully from Paraguay, and only some passports are allowed.
You will also need to physically receive a card to enable the account.
Only some countries are allowed to receive the card. (Paraguay isn't one of them)
So you will need to open the account with one of the allowed passports, in one of the allowed place, to receive the card.
Then you can change the residency to Paraguay.
To see the allowed passports and allowed places to receive the card, you have to look ad the bottom of this page:
https://www.hsbc.com.hk/international/banking-in-hong-kong

https://solo.ge/en - Packages

Good bank with benefits.

To open it you will need:
- An EU passport - Maybe it works with others but I haven't direct report about them.
- Proof of residency (like a py bank statement)
- Proof of source of income

Currencies: GEL / USD / EUR / GBP
26bc3af7-72eb-4cd3-8de0-78d2729cd0ec.xlsx

Fees:
- 9Changes in Annex 1 - Commission Fees (ENG).docx
- 329Changes in Annex 1 - Commission Fees (ENG).docx
- https://conditions.bog.ge/en/

https://grabrfi.com

Fees:
- https://help.grabrfi.com/en/content/full-schedule-of-fees
- https://help.grabrfi.com/en/category/2028-pricing-and-limits

https://genome.eu/

This EUR bank account can NOT be opened with PY Cedula, but it seems that you can still put a Paraguay address
This means that the bank statement will show a Paraguay address that can be used to make KYC verification around.
By now, it doesn't require neither a photo of Cedula neither proof of residency to change the address.

Fees: https://genome.eu/personal-pricing-for-eea-resident

This service has been advised by https://t.me/julienvandorland

https://www.paysera.com

The account must be opened as a European resident, and then converted to Paraguayan residency.

When changing residence, do not change your identity document; keep your European passport, or you will be asked for another document as an immigrant to Europe.

Ordering a physical or virtual card before changing residence may allow you to use the card afterwards, but this has not been tested.

Fees: https://www.paysera.com/v2/en/fees

30 free SEPA transfers every month, then 0.30c of fee.

https://www.zen.com

The account must be opened as a European resident, the virtual card activated, and possibly the physical one, "and later", your residency must be changed to Paraguay.

You can also top up with cryptocurrencies - 0.5% fee

EUR SEPA transfer to another account: 0.25 EUR fixed fee

Fee details: https://www.zen.com/files/pricing/individual_pricing.pdf

https://www.remitly.com

Another remittance service, but usually the exchange rate from EUR is better on Paysend.

It can be good if you need to exchange other currencies than EUR to PYG.

https://revolut.com

Useful for sending to local bank cards in Paraguay, with a commission of approximately 1%.

Free sepa transfers.

https://emigro.co

This service permit to pay with PIX, but also make it possile to get paid in PIX without any kind of Brasilian ID.

Fixed fee to receive PIX: 0.47 real.

The payment is received in the form of BRZ stablecoin.

This stablecoin is issued by: https://transfero.com/stablecoins/brz

Once received, it can be freely withdrawn and also converted into USDC from the app, or into USDT, using https://aerodrome.finance or https://app.uniswap.org.

Once converted into USDC or USDT, you can do whatever you want.

I think this app could be useful for Paraguayans working in Ciudad Del Este.

Android: https://play.google.com/store/apps/details?id=co.emigro.app
iOS: https://apps.apple.com/us/app/emigro-pay-without-borders/id6475793514

https://www.kast.xyz

Fees: https://concierge.kast.xyz/hc/en-us/articles/9850062738703-What-Are-the-Fees-and-Conditions-for-KAST-Cards-and-Accounts

https://www.utoppia.com

Various Fees: https://www.utoppia.com/pricing

https://www.kraken.com

- Good for receiving EUR from your accounts and converting to stablecoins and vice versa

https://x4t.com

- It can be good for some use cases, but fees are high

- It allows to deposit and withdraw cash in PY even in higher amount

- It seems that they can even give legal help in exchanges related to buy/sell big properties/terrains

- Fees: https://support.x4t.com/en/article/commissions-fees-and-minimum-trade-limits-1h7dg3v

https://bitwage.com

Useful to avoid setting up an LLC in the US. (you can try to open it even without RUC)

You can also receive EUR and send it to another EUR account; the fee in this case should be 1%.

You can only receive funds from business or crypto accounts.

- Fee

https://support.bitwage.com/what-are-the-fees-to-use-bitwage
https://support.bitwage.com/bitwage-exchange-rate-spreads
https://bitwage.com/en-us/personal/personal-pricing

https://www.payoneer.com

Useful to avoid setting up an LLC in the US.

You can also receive EUR but only for payment and not from your own eu accounts.

You will need to have a website as a proof of your business

Fees: https://www.payoneer.com/about/pricing

https://www.interactivebrokers.com

Trading account for receiving EUR or USD and obtaining the best market exchange rate between the two, and sending back to your accounts.

It's a good idea to make a few small transactions every now and then, not just in and out, to avoid the risk of account closure.

You can send a free outgoing ACH transaction once a month; after that, the cost is $1 per transaction.

https://www.lava.xyz

Information on the 5% and 3% cashback:

https://www.lava.xyz/faq/what-are-the-rewards-rates-for-the-lava-card

It says that it has no FX fee, and it uses the VISA echange rate, but usually VISA has a 1% of difference from the market exchange rate:
https://www.lava.xyz/faq/does-lava-card-charge-an-fx-fee

Still, this means that with the 3% of cashback you are covered over the possible 1% VISA exchange rate.

Deposit regular ACH: 0 fee
Withdraw USDC on Solana: 0 fee
So you can likely do this, example:
$100 ACH regular deposit -> Lava -> 100 USDC withdraw on Solana -> Binance p2p -> PYG

https://ether.fi

Information on the 1% FX fee:

https://help.ether.fi/en/articles/304414-what-s-the-foreign-exchange-fx-rate-on-cash-purchase-transactions

Information about the Cashback:

https://help.ether.fi/en/articles/262374-how-does-cashback-work

Travel - If you are using Booking.com, try this, it should be cheaper: https://help.ether.fi/en/articles/334714-ether-fi-travel

https://www.fluidkey.com

Free monthly transfers up to $3,000, then 0.3%.

By increasing your account score, making transfers, or having a large deposit, you can transfer up to $20,000 without a fee: https://docs.fluidkey.com/readme/bank

USD deposits are converted to USDC, and EUR deposits to EURC.

https://www.dukascopy.bank

Fee: https://www.dukascopy.bank/fees/

They were also offering the card, but it seems that they now are disabling it for Paraguay users

https://www.redotpay.com/

Fee: https://helpcenter.redotpay.com/en/collections/11381290-card-fees-and-limitations
Fee 2: https://helpcenter.redotpay.com/en/articles/10622095-can-i-withdraw-cash-from-an-atm-and-are-there-any-extra-fees

https://www.belo.app

Argentine app that allows you to directly convert bitcoin or stablecoins to PYG on PY accounts.

The exchange rate isn't the best, but it can be convenient.

On weekdays, a transfer can take two hours; on holidays or weekends, it can take up to a day or two.

https://morsemoney.com

• USD/EUR/MX weight deposit fee: 0.1%
• Zero FX fees

Limits:

• $7,500 week
• $20.000 per month
• Daily card usage: $2,000

Deposits in EURC/USDC/USDP on the Solana network converted to USD or EUR at zero fees.

https://due.network

Non-denominated EUR business account that can receive from anyone, even from business. - Fee: €0.90

Nominal USD individual account. ACH receiving fee: $1.50 + 0.2%

You can also send fiat to other accounts:

EUR fee: €0.90 fixed fee

USD ACH fee examples:

• For $10: $0.53 fee
• For $100: $0.80 fee
• For $1,000: $3.50 fee

https://ugly.cash

• Personal but non-nominal EUR account, zero deposit fee (for now), good exchange rate.
  You can only receive funds from business accounts or personal accounts in your name.
• Personal USD account: fixed fee of $2 to send ACH
• Deposit conversion of USDT/USDT and other stablecoins at 1:1, so example for depositig 100 USDT you receive then 100 USD.
• Earn: 7%
• Card with 1% FX fee but 1% cashback in other tokens

https://www.xapobank.com

The service has a high price for the annual subscription: 1000 USD.

But maybe it has some very good benefits for you.

Benefits: https://www.xapobank.com/en/membership-benefits

https://takenos.com

Argentine app that allows you to directly convert bitcoin or stablecoins to PYG on PY accounts.

It also support receiving EUR and USD fiat deposits.

The exchange rate isn't the best, but it can be convenient.

https://www.ready.co

Deposits in:

• USDC zero fee
• Other cryptocurrencies approximately 0.08% fee

By paying 10 USDC x month you get the Metal Plan, with no FX fee and 3% cashback
- https://www.ready.co/blog/introducing-metal-card

https://fusewallet.com

Since I don't have an iPhone, I can't test it. More details here:

https://fusewallet.com/support

https://www.thekingdombank.com

Fees aren't all clear, you need to make an account to see them better.

Fees: https://www.thekingdombank.com/announcements/campaigns/the-kingdom-bank-fees-dropped

https://getmeru.com

Fees are higher than other services, but it may have many ways to bring money in and out.

Fees: https://getmeru.com/fees

https://gnosispay.com

https://tria.so

Card price: $20 annually (in the future: $25 annually)

https://www.jeton.com

Fees: https://www.jeton.com/fees

I guess that currently there are better services, and it seems that the KYC is now stupidly hard to complete.
Maybe it will be better in some months, or they will just close.
You may try and see if they give something useful to you.

• Binance https://www.binance.com
  Good for the USDT/BTC -> PYG p2p market
• OKX https://www.okx.com/
• Bybit https://www.bybit.com
• El Dorado https://eldorado.io
• BingX https://bingx.com

Where to check out various offers:

https://yadio.io/market.html
https://p2p.army
https://p2p.band - Sometimes you need to change DNS to get access to this

https://descuento.digital

A good website to know which are the discount/cashback available and offered by the local Paraguay banks with their debit/credit cards.

Before trying any one of them, look for news to see if something bad happened or it is happening.
Test with small amounts to see if they are still working good.
The bridges are mostly to move USDT and USDC from a network to another.

DEXs non-custodial or nearly:
- Thorchain: https://swap.thorchain.org
- Chainflip: https://swap.chainflip.io
- Hyperliquid: https://app.hyperliquid.xyz
DEX: Decentralized EXchange. Usually it means that it is permissionless or nearly, and without any KYC.

Bridges USDC:
- https://portalbridge.com/usdc-bridge
- https://across.to
- https://bridge.usdc.com
- https://www.cctp.to
- https://www.cctp.io

Bridges USDT:
- https://usdt0.to
- https://portalbridge.com
- https://stargate.finance

Other bridges:
- https://core.allbridge.io
- https://symbiosis.finance

For the best exchange rate to get to Paraguay from crypto, without going through Paysend, but still using an exchange.

Kraken with py residence, not LLC -> crypto -> 0.2% fee -> EUR -> wise -> fee approximately 0.458% -> USD -> fixed fee 1.3 USD -> Schwab -> card -> ATM (market exchange rate and ATM cashback fee)

- With Uglycash
crypto -> defi fee 0.2% or less -> USDt or USDc -> uglycash -> USD -> fixed fee 2 USD -> Schwab -> card -> ATM (market exchange rate and ATM cashback fee)

Kraken in this case is only useful if you start from EUR, and it's a 0.2% fee.

Even the EUR -> USD exchange rate on uglycash doesn't seem bad, so you could also do:

EUR -> UglyCash -> USD -> fixed fee 2 USD -> Schwab -> card -> ATM (market exchange rate and ATM cashback fee)

Uglycash currently also allows you to earn an 8% annual profit, so:

With 1,000 euros, which then become dollars, about 9 days to Recover the $2 in future fees for transferring to Schwab.

So if the amount is higher, obviously fewer days. (With €2,000, about 4/5 days, etc.)

With Schwab, which can also receive EUR transfers, and the USD exchange has a 1% fee, anything above 1% isn't worth it, unless you want to avoid banks and only go crypto -> cash.

Other possibility is using some cards or crypto-cards with some cashback with Paysend.

To complete the KYC on different services and banks outside of Paraguay, usually the will ask you those documents:
- ID
- Proof of address

The ID can be one those:
- Cedula
- Driver license
- Others, but these first two are already good to go

As proof of address, usually the bank statement is a good one.

This is a list of some Paraguay banks that put the address on their bank statements, that you can download and use for the KYC:
- Atlas
- Vaquita
- EKO
- Familiar
- Banco GNB

Usually when you open a bank account in Paraguay they will ask you an address, and they will just accept it.

Ueno is probably the most famous bank in Paraguay right now, but they don't put the address on their bank statement
You can find the address on their "credit card bank statement", but it isn't easy to already get the credit card just by opening the account.

Also, give a look ad the Genome bank account, it can be useful on this regard ...

- create separate gmail account in different region using VPN
- try alternative Store that doesn't have restrictions like: https://auroraoss.com

You can ask AI for step by step installation.