Can a foreigner open a bank account?
Please confirm restrictions, requirements and documents needed i.e. passport, bank statement proof of residency, guarantee etc.
Passport is needed to setup a basic account, majority of banks require residency registration to issue ATM card and provide Internet Banking. In general it is easy procedure and depending on the selected bank speaking English should not be an issue.
How long does it usually take to open/have access to funds?
Opening bank account is fast procedure as we already described above â€“ client has immediate access to funds but must access them in the respective bank only as it will take another 1-2 weeks to get an ATM card.