Expat in Paraguay. Need bank advice
Posted by Next-Hotel603@reddit | expats | View on Reddit | 22 comments
I am Brazilian, with a temporary residency in Germany (expiring soon. No tax ID in Germany), moving to Paraguay. I work on cruise ships and I am outside of ANY country for most of the year. True nomad. Is there a bank that will accept my German residency and my Paraguayan residency (as tax residency) to open the account? I tried changing the residence to Paraguay on my brazilian wise account and looks like I cant receive money on the account if I move it to Paraguay.
HELP PLEASE 🙏🏼 Thank you.
CoolAdhesiveness9210@reddit
DM me, we can help
Available-Talk-7161@reddit
Ha ha ha, pure scam
CoolAdhesiveness9210@reddit
?
Available-Talk-7161@reddit
Who's 'we' and how are you gonna help OP
CoolAdhesiveness9210@reddit
We is a company, and help is with banl account opening. And who are you to call scammer anyone that you read a comment trying to help?
Available-Talk-7161@reddit
You're a company, petitioning "customers" on reddit to get around banking laws. OK sure you are.
Next-Hotel603@reddit (OP)
“We” pitched his company, asked me a few questions and never replied back. 🙄
CoolAdhesiveness9210@reddit
No around WTF...😂 Do you have any knowledge in this field? He is just asking a legit and common question when you dont spend more than 186 days in any country
laplongejr@reddit
And you don't want to post an answer to said legitimate question because ... ? Without explanation, it looks like it's going to need loopholes.
laplongejr@reddit
OP crossposted to r/Revolut, but you are commenting on their OG thread.
Available-Talk-7161@reddit
Redditors offering help by DM when money is involved is likely a scam regardless of where it is posted
CoolAdhesiveness9210@reddit
Or likely a legit business with nothing to hide. Sure you are an authoritie in this field...
laplongejr@reddit
Nothing to hide, yet you tell to go DM where nobody else can know what your business is? Your answers are surely looking suspicious...
Available-Talk-7161@reddit
Ha ha ha ha, "we can help", yes you can help OP part with their money.
CoolAdhesiveness9210@reddit
Keep posting stupid comments fucking loser, Im sure getting these comments whithout any knowledge about it make you childhood trauma easier to live with 🫡😘
Im sure you can help him better, please proceed.
imma_shiroo@reddit
My bro try offshore account, some islands like Jersey or Guernsey offer accounts for sailors and your residency dose t really matter.
I myself have an account on Jersey island (I am a captain on private yachts) and they will ask for your contract, seaman’s book, confirmation from either the captain or office management (in your case I’d go with office) that you are really employed by them and lastly you need your passport or ID card.
Next-Hotel603@reddit (OP)
Sounds good. Thank you! Which bank in Jersey?
Vaultleap@reddit
This is what we built VaultLeap for. Founder here, so take with that grain of salt.
Your problem isn't finding a bank, it's that Wise and most fintechs force you into one country bucket. Wise locks BRL to Brazil residents and doesn't issue Paraguay cards, so changing your address breaks the account. Not your fault, the product just isn't built for nomads.
VaultLeap gives you a virtual USD account (plus EUR and MXN). Your cruise line wires you in USD like a normal bank transfer, money lands, you hold it as USDC on a self custodial wallet. Onboarding is passport plus KYC, not gated on tax residency, so it doesn't care about your German residency expiring or Paraguay being new.
Straight up on the Paraguay off-ramp, because nobody tells you this: there's no direct PYG rail yet (not us, not anyone, PY is a small corridor). When you need guaraníes for life in Paraguay, the standard LATAM play is Binance P2P. You send USDC from your VaultLeap wallet, sell to a local counterparty for PYG, they push guaraníes to your local PY bank via SPI, you release. Takes minutes, rates are usually better than any SWIFT wire you'd get, and it's what Argentines, Venezuelans and Paraguayans do every day.
Your flow ends up looking like: cruise line pays USD → VaultLeap (receive and hold in USD/USDC) → Binance P2P when you need PYG → local Paraguayan account (Ueno is easiest to open once your cédula comes through) for day to day.
vaultleap.com. DM if you want me to walk through it.
ShiestySorcerer@reddit
maybe standard bank. used for seafarers. maybe wise brazil? or a local brazilian account like btg or C6. i cant realistically see any german bank keeping the account open for you.
WideNeighborhood8167@reddit
The best in your situation is to open local Py wallet and fund it using bitcoin p2p, any other banks may flag you and freeze your account for no reason
o69c@reddit
Itaú bank most likely will accept you, they're one of the most trusted brazilian bank in Py
revelo@reddit
Try Kast.xyz. You have to download the app then go through the setup to see if it accepts your country. They are updating constantly. It should accept Brazil as residency. Not sure about Paraguay. If Kast accepts you, then you get a USA virtual bank account to receive money.