Can a foreigner open a bank account in Guatemala and what do banks require?

According to the ICS 2024, foreigners can normally open an account by presenting a passport and a utility bill or other proof of residence, although requirements vary from bank to bank. The Free Foreign Exchange Negotiation Act allows banks to offer foreign-currency accounts, in practice mostly in US$. The specific KYC policies of Banco Industrial, Banrural, G&T Continental, BAM and Promerica for non-resident shareholders are not public; corporate-banking contacts and their checklists remain to be recorded.