Requirements for an Account at Banco del Pacifico: Types, What it is and MORE

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Today we will be explaining the Requirements for an Account at Banco del Pacífico, the types of account you have available and the advantages of doing this process. In addition, we will tell you about the web portal, what it is for exactly, and which are the venues that you can approach.

The Bank of Pacific It is one of the most important financial entities in Ecuador. In it, payments are made for most of the procedures in the public sector, in addition to being characterized by having a marked history in the country of almost 50 years.

If you are interested in knowing what you need to Open an Account at Banco del Pacífico, do not go! All the information that we offer you in this article will be useful when carrying out this process.

What are the Requirements for an Account at Banco del Pacífico?

Let’s start with the Requirements for an Account at Banco del Pacífico. First, you should know that in any financial institution there are and are offered two types of account: savings account and checking account. Specialized accounts are derived from these accounts, with additional benefits, for clients who require them.

In this way, we will not only find the possibility of opening a savings account basic and current account basic. In the case of the first, you can open a Smart Account, a Remittance Account, a Ready Account, and so on. For the second, you only have the alternative of a Key account, but you’ll see what each one is for.

In this section we will explain the requirements to open an account in each of these, so that you know what is needed in the first instance. Let’s see,

Current account

  • Original and color copy of Identification document. This can be the citizenship card (identity), for nationals, and for foreigners the card or passport where the visa information is reflected.
  • Copy of the last quarter of proof of payment or payroll of water, electricity, telephone, internet or pay television services.
  • Two (02) references, be these work, banking, commercial or credit card.
  • Initial deposit of $ 400 for the Basic Checking Account.
  • Legal document issued by a public body: license, passport, Green Card, Social Security, as well as Form W9. This in case you have dual citizenship or residency in the United States.

Key Current

Only for people who already have a checking account.

  • Be a client of Banco del Pacífico.
  • Be a natural person.
  • Possess, from a minimum of 6 months, a current account in the bank.
  • Be a SIGMA BdP Client.

Savings account

  • Original and color copy of Identification document. This can be the citizenship card (identity), for nationals, and for foreigners the card or passport where the visa information is reflected.
  • Copy of the last quarter of proof of payment or payroll of water, electricity, telephone, internet or pay television services.
  • Reference, family or personal where phone numbers are reflected.
  • Legal document issued by a public body: license, passport, Green Card, Social Security, as well as Form W9. This in case you have dual citizenship or residency in the United States.

Remittances

This savings account is designed to receive remittances from friends or relatives outside the country through companies that have agreements with the Bank. You need:

  • Original and color copy of the Identity Document of the Ecuadorian citizen.
  • Original and copy of proof of payment or current payroll for water, electricity, telephone, internet or pay television services. If you do not have it in your own name, then the lease is required.
  • Application for Financial Services.
  • Two (02) references, family or personal, where the telephone numbers and address are reflected.
  • Proof of the Money Order received.
  • $ 5.15 payment to get the PacifiCard.

The residents in Spain who wish to send remittances have a specialized account for them, check it here.

My Savings

For children and adolescents who want to start learning to save. In this case you need:

  • Minimum opening amount of $ 1.
  • Original and color copy of Identity Document or Passport, with an issue date of less than twelve years, both of the parent or representative and of the minor.
  • Original and copy of proof of payment or current payroll for water, electricity, telephone, internet or pay television services. If you do not have it in your own name, then the lease is required.

Anyone who catches your interest you can request it by entering this link. Keep in mind that these are requirements for clients and not clients of Banco del Pacífico, with the exception of the Key Account.

Remember!

The Citizenship or Identity Card must have been issued in the last 12 years.

Requirements for an Account at Banco del Pacífico: Account Types

In the Account Types made available by Banco del Pacífico, we have the two main ones, as we have been telling you in the Requirements for an Account at Banco del Pacífico.

These are the Savings Account and the Current Account, two somewhat similar accounts but with different purposes. Let’s see:

Savings account

Used to save, as its name implies. It is intended for clients who do not use their money as often, so that they can save it and earn interest. Interest is earnings on the funds you keep in your account that can vary in percentage.

Businesses use this account to hold money they plan to invest or to pay their employees. However, it is much more common for natural persons who do not require a checkbook or credit card.

In addition, it is characterized because the income and expenses are recorded in a notebook, if you carry them out directly in the bank’s branches, and because the transactions are carried out with a Debit. This allows you to make purchases, deposits, withdrawals at ATMs and bank transfers.

As you will see, it is a very useful account.

Current account

The Current account It is used by people who are doing banking transactions on a daily basis, so money is kept in constant motion. There is no time for it to generate interest, so the main characteristic of this account is that same: no interest is generated on the funds.

Normally it is opened with a specific initial amount, although there may be a checking account where it is not needed. Like the Savings Account, it is managed through a Debit. With it you can also make bank transfers, pay at points of sale and make deposits / withdrawals at the different ATMs.

If certain amounts are handled, you can apply for a credit card. With this you can purchase goods and services even if you do not have the funds available, as the Bank offers you consumer loans at a specific interest rate that you must pay. You will also manage a checkbook, with which you can pay for specific goods and services.

It is used most of all by companies or independent workers, since with it daily transactions can be carried out. In this sense, you can make payment to suppliers, payment of services, and so on.


Actually you can have both accounts if you wish. You can save in one and move your money in the other, if you wish. However, keep in mind that with both accounts you can use your money immediately.

Requirements for an Account at Banco del Pacífico: Advantages

Between the Advantages of Opening an Account at Banco del Pacífico, we have one that seems especially important to us and is that with it you can make the payment of various procedures of the public sector for being a state financial entity.

In addition, you can use the bank’s application, your PacifiCard and Digital Banking to carry out various financial transactions, without the need to carry cash. You can withdraw money at specialized ATMs, make inquiries, obtain preferential interest rates and be up to date with your account statements and movements with a single click.

Without a doubt, opening your account brings certain advantages, but let’s see some of the benefits of all these accounts that we just mentioned:

Current account

  • You can order your checkbook with a special design. The checks of this bank are very well positioned in the financial sector, they enjoy support and prestige.
  • Automatic money transfer.
  • The account statements have the image of checks.

Key Current

  • You can make automatic overdrafts.
  • You will get the PacifiCard Debit Card.
  • Immediate liquidity.
  • You will enjoy a preferential rate of up to 0.2% for investments.
  • You will be able to access a checkbook with a discount and even without cost.

Savings account

  • You will have national coverage.
  • You do not need an initial deposit.
  • Backup and security of your funds.
  • You will enjoy a special interest rate indicated by the Bank.
  • Make inquiries, transfers and payments through the banking channels.
  • With $ 5.15, you can purchase your PacifiCard.
  • Automatic transfers.

Remittances

  • Automatic credit of the transfer.
  • The PacifiCard is free.
  • Capitalization of interest on a monthly basis.
  • There is no need for an initial deposit to open the account.
  • Access to Banking channels at no cost.
  • Opportunity for promotions when receiving remittances.
  • Immediate availability of funds at any ATM.

My Savings

  • You will be able to maintain a savings fund for your children and teach them the importance of saving.
  • They will be able to consult the growth of savings and see the status of their accounts through Virtual Banking and ATMs.
  • There are no maintenance costs.
  • Special interest rates, but only for locked savings.
  • Gifts when you reach your savings goals.

There is also the Account Ready. You will only need $ 5 and your color copy of your identity card to open it and be able to use the funds in it.

On the other hand, the Smart account It requires not having a Ready Account and be between 18 and 25 years old. You open it by downloading the app Onboard BdP and filling out the application; You will only need your identity document.

Remember that to enjoy these benefits you must comply with the Requirements for an Account at Banco del Pacífico.

Web Portal to Manage your Account at Banco del Pacífico

The Banking Channels They have been specially designed to make it easier for customers to carry out their inquiries and transactions. These channels are:

  • Intermatic Virtual Banking.
  • ATMs.
  • Telephone Banking (373-1500).
  • Mobile banking.
  • And many more others.

With respect to Web PortalHere you will be able to consult all the accounts and investments that you can make at Banco del Pacífico. Likewise, you can consult the service channels in their entirety, request the opening of accounts, find out the services that banking brings you, promotions and find information on credits and cards.

More importantly, you will be able to access the Digital banking. From this you will be able to manage your accounts and pay them, as well as see everything concerning your PacifiCard. More specifically, you can make transfers, pay for your services, check your balance and account statements, recharge your phone and many other things.

We invite you to enter the web portal of the Bank of Pacific and see everything it has to offer you.

Requirements for an Account at Banco del Pacífico: Headquarters

Almost to finish, let’s talk about the Banco del Pacífico headquarters. More commonly known as Agencies, they are found throughout the national territory.

In them you can request the opening of your accounts, make inquiries, deposits and payments. You can also cancel checks and get your stub. It is a means of face-to-face Customer Service.

They generally also have ATMs and sometimes virtual centers. There are many that exist, so we cannot explain them all to you.

You can enter the space of Agencies and ATMs of the Pacific Bank to locate them. You just have to select your province and / or city to be able to see the map with the address of the service channel you should go to.

Requirements for an Account at Banco del Pacífico: What is it?

The Bank of Pacific It is a state bank that offers financial services to anyone who can meet the stipulated requirements. It is used as the main means of payment for public sector procedures and it is the bank with the longest history in the country, almost 50 years after it was created.

It is located as the second bank with the highest profits in Ecuador, the first being Banco Pichincha. Its headquarters are in Guayaquil, but it has agencies, ATMs and virtual centers spread throughout the national territory.

Today we talk about the Requirements for an Account at Banco del Pacífico, the advantages of each one of them, the type of accounts that exist, what the web portal is for and where you can find the bank’s headquarters. We hope to have clarified your doubts and we wish you a happy day.

Until next time!

Visit GESTIONALO.NET Ecuador


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