Banco de la Nación

Banco de la Nación is a public bank that is used by the central and local governments of Peru to perform financial transactions, such as collecting taxes, engaging in foreign commerce and paying off public debt.

The Peruvian Congress created Banco de la Nación in 1966.

Banco de la Nación provides banking services for people in Peru who work or have worked in the public sector or who do not have access to private banks.

It offers an interest-free checking account.

Banco de la Nación in Lima, Peru. Photo by Miguel Angel Chong.There is a special checking account available for vendors who supply goods and services to the state. Payments from the state are deposited into this account.

The bank offers members of the public a checking account that is used only for paying taxes.

Someone without access to private banking can have a saving account that can be used to make automatic bill payments. A debit card can be used to withdraw money from ATMs.

Public sector workers and retirees can pay their wages or pensions into a special Banco de la Nación savings account. A current or retired public worker with such a savings account can take out a loan, the size of which is based on the size of the salary or pension as well as the age of the customer.

Banco de la Nación offers mortgages to government workers between the ages of 21 years and 64 years and 6 months who have savings accounts with the bank.

Government workers can open trusts.

The bank provides insurance through Cardif, a Peruvian insurance company.

In 2011, Banco de la Nación began taking part in a program known as Juntos (Together), in which people in extreme property are given money each month in order to pay for food, healthcare and education.

Banco de la Nación has branches and ATMs throughout Peru.

It offers internet banking.