HOW TO OPERATE

DOCUMENTATION TO OPERATE:
• Residents – Argentines: Present a valid ID
• Foreigners: Document used to enter the country.

When the requested transactions exceed $4,680,000 per calendar month or exceed $9,370,000 per calendar year, you must provide additional information and documentation that allows to verify the economic activity and the origin of the funds. The entity reserves the right to request additional documentation if applicable.

BCRA REGULATIONS:
House sale operations are subject to the approval of the BCRA (according to Communication “A” 6883).
• Residents According to BCRA regulations, the limit for foreign currency purchases (including in this period what is consumed with debit and/or credit cards in dollars or its equivalent in other currencies) is 200 USD, with the first 100 USD being able to be operated in cash and the rest by debit from the payer's local account. This limit is for all entities authorized to operate in foreign exchange in the calendar month.
• Non-residents The limit for foreign currency purchases (in dollars or its equivalent in other currencies) is up to 100 USD as long as the approval of the BCRA has been verified. The purchase amount must be equal to or less than the equivalent of sales settled in authorized entities within the previous 90 calendar days.

TRANSFERS (only for argentine residents) 

To operate electronically, it will be necessary to have an Andina email where the corresponding exchange rate and the amount to be operated are reported.

Accounts in the name of Andina Internacional Cambio y Turismo S.A.

ACCOUNT TYPE: Current Account in pesos
CUIT: 30-65799916-0
CBU: 0970005510001090940039
ALIAS: BPN.CAMBIO.OPER

ACCOUNT TYPE: Current Account in dollars
CUIT: 30-65799916-0
CBU: 4150999713001417740024
ALIAS: TRANSA.OPER.DOLAR

Transfers can be made by ATM or home or mobile banking.

The transaction is subject to approval by the BCRA Online System (according to Com. “A” 6883). At the time of carrying out the transaction, you must present proof of the transfer along with proof of CBU where the name and CUIL/T of the account holder appear. The source account must be in the name of the person carrying out the exchange transaction. Cash deposits are not accepted.

REGULATIONS

In Argentina, the entities that are authorized to operate in foreign currency exchange are:
- Exchange houses.
- Exchange agencies.
- Exchange operators.
- Banking entities.

They must have an authorization from the BCRA. We recommend that you verify that your operation is with an authorized entity, since otherwise you would be carrying out an illegal operation. To validate that the entity is authorized, you can consult here.