Social Security Benefits Payable in Ecuador


US citizens living in Ecuador who are currently receiving their U.S. Social Security Benefits can start receiving their payments in Ecuador by direct deposit to an Ecuadorian bank account. Below we are explaining how you can get your social security benefits in Ecuador following these easy steps:

1.- Open a bank account at either Banco Guayaquil or Produbanco.

1.1.- To open a savings bank account at Banco Guayaquil you will need:

- Color photocopy of your visa;

- Color photocopy of your passport’s ID page;

- Color photocopy of your cédula;

- Photocopy of a utility bill;

- Copy of your Social Security Administration letter, to justify the transfers the account will receive from the U.S. Social Security Administration;

- Letter of instruction Addressed to Banco Guayaquil asking the opening of a savings account so you are able to receive the deposits from the U.S. Social Security Administration. If you need help with this letter email us at info@ecuaassist.com.

First deposit to open the account: USD 200$

Your account will be debited USD 5.24$ for administrative fees and USD 1.24$ to issue the card that allows you to make online transactions.

Banco Guayaquil working hours: 9:00h to 16:30h

1.2.- To open a savings account at Produbanco you will need:

- Passport and visa

- Utility Bill

- Verbal reference from family or friends, stating: name and phone number. The bank will call the person to verify.

First deposit to open the account: USD 200$

Your account will be debited USD 5.24$ for administrative fees for the issuance of the debit card.

Produbanco working hours: 9:00h to 16:00h

2.- After you have opened the