Hi. My temporary residence visa is expiring this month and don't plan on renewing as my stay usually is less then 3 months. I have a bank account and investment in CD. Will I be able to access my account and withdraw my CD when it matures using my passport or expired cédula.
Regards
Dear Ali,
It's difficult to predict your CD cashout plan
because we don't know when the CD term ends
and we don't know if you will be in Ecuador
at that time.
Your bank or cooperativa is more reliable to
answer your question than us layman Expats.
If I had to guess, I'd say the expired document
you mentioned is unlikely to be honored,
whereas your passport may be helpful in
closing out your account. And I'd say you
may lose accruing interest if you are cashing out
before the scheduled termination date.
If you post again, consider enlightening our
members by stating the name of ther institution
and the rate you are receiving for the CD investment.
Advise the bank well before termination date so they
don't automatically roll over the investment for
an additional term.
If at all possible, plan to withdraw the money while
you are still in Ecuador unless the bank has the
capability to forward or wire the money to you.
cccmedia
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