Using a Paraguayan Cédula: Which Banks and EMIs Actually Work?

[WormCasting]

If you have a Paraguayan cédula and the usual supporting documents , such as your RUC, Tax ID, and temporary residency ,
what kinds of bank accounts or EMIs can you open and use for personal expenses?

Note: Local banks are excluded from this discussion. They operate in Guaraní (PYG) and are generally unsuitable for international use.
Many of them restrict your ability to hold real foreign currency and lock you into their outdated systems.

Commonly Mentioned Options:

• Xapo Bank
• GrabrFi
• UglyCash

These platforms are often cited, but they are also widely criticized for:

• High fees
• Poor user experience
• Limited features or reliability

, or are they actually usable?

The Real Question:

Which legit banks or EMIs , ideally with multi-currency accounts , can be linked to your Paraguayan cédula without requiring your passport?

Im looking for options that:

• Accept a cédula only (no passport required)
• Support multi-currency balances (USD, EUR, stablecoins, etc.)
• Are practical for daily worldwide personal expenses
• Have reasonable fees and a good track record

If you’ve had firsthand experience , good or bad , with any of these or other relevant platforms, feel free to share your feedback.

 

[meze99]

None (without your passport).

 

[JackAlabama]

If you have a Paraguayan cédula and the usual supporting documents , such as your RUC, Tax ID, and temporary residency ,
what kinds of bank accounts or EMIs can you open and use for personal expenses?



Commonly Mentioned Options:

• Xapo Bank
• GrabrFi
• UglyCash

These platforms are often cited, but they are also widely criticized for:

• High fees
• Poor user experience
• Limited features or reliability

, or are they actually usable?

The Real Question:

Which legit banks or EMIs , ideally with multi-currency accounts , can be linked to your Paraguayan cédula without requiring your passport?

Im looking for options that:

• Accept a cédula only (no passport required)
• Support multi-currency balances (USD, EUR, stablecoins, etc.)
• Are practical for daily worldwide personal expenses
• Have reasonable fees and a good track record

If you’ve had firsthand experience , good or bad , with any of these or other relevant platforms, feel free to share your feedback.

paraguay is not well supported and not very useful for offshore banking. You better off pushing it all into a corp structure.

 

[WormCasting]

Thanks but I have an European Passport that I do not want to involve in a setup.
You are saying I can create a US LLC,... with just a Paraguayan cedula (ID Card) or what do you mean?

 

[WormCasting]

paraguay is not well supported and not very useful for offshore banking. You better off pushing it all into a corp structure.

The EMI's listed do work with just parguayan cedula.

 

[SCHLOSSFINANZ]

And that should be a big red flag if they accept such low-tier document. And its against international practice. You have to a*s for a paspsort + utility bill + residence permit (if resident not in country of citizenship). Do you really want to bank with such shitty financial institutions?