BCP Bolivia review

The Cuenta Millonaria pays a variable rate of 2%, and it is classed as an easy access account, which makes it a variable product rather than a fixed one. Interest is capitalised monthly on average balances, so the credit builds up as the balance grows rather than being paid out as a lump.

The stated minimum deposit is BOB 0, so there is no floor on the balance you need to start saving. The account is listed as easy access, and the access terms allow unlimited transactions at ATMs, mobile banking, agents and branches, so a small opening balance does not restrict how you take money out.

The account sits with Banco de Credito de Bolivia S.A., which is supervised in Bolivia by ASFI, the Autoridad de Supervision del Sistema Financiero de Bolivia, the country's financial system supervisor. The bank has operated since 1994 and is based in Bolivia.

The Cuenta Millonaria allows unlimited transactions at ATMs, mobile banking, agents and branches, and interest is capitalised monthly on average balances. With an easy access structure and a minimum deposit of BOB 0, withdrawals are not tied to a notice period or a fixed term.

Support runs on email, phone and help centre. Email, phone, chat and a help centre are all listed for the bank, so most account questions can be raised without setting foot in a branch.

Yes. BCP Bolivia is listed as a direct lender for personal loans, and its digital cash loan runs at an APR of 30%. Repayment terms run to up to 72, and applicants need good credit with a hard credit check. Funding is quickest when salary is paid into a BCP account.

Yes, the bank offers home lending for purchase and remortgage, with borrowing capped at a 80% loan to value. Rates start at an initial 11.5% and the fixed period runs 1, so the opening rate holds only for part of the term.

Its 2% headline sits below bunq at 3.01% and Wise at 3.29%, while Finteres lists rates of 0% to 36%. It also ranks 326 out of 488 brands on headline rate, so the appeal is access rather than yield.

BCP Bolivia is listed for credit cards, which sits alongside the personal loan side of the bank. Credit there needs good credit and a hard check, so the savings account is the more forgiving place to start as a customer.