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Who is eligible to open an IRA account?

Any person, resident of Puerto Rico, who is seventy four (74) years of age or younger, who receives "compensation" such as, income from wages, salary, professional services, occupational income, selling commissions, tips or self-employment from sources within Puerto Rico is eligible. Compensation does not include interests, dividends, rents, royalties, income from child support or capital earnings or any other income that does not come from employment. No age limit applies to Non-Deductible IRAS. If you wish to invest in Mutual Funds IRA, you must continue to be a resident of Puerto Rico to maintain the investment.  

Need more help?

We are receiving an extraordinary volume of calls, which is affecting our waiting times. We appreciate your understanding and your trust in us.

Call us at 787.724.3659 or Access Mi Banco Online (desktop version), log in by entering your username and password, and in the upper part of the website click on “Contact Us”. From there, write your message, and we will gladly assist you.

We encourage you to consult the following information regarding useful and accessible solutions for you.



FDIC Member. Products and services offered by Banco Popular de Puerto Rico.

1Withdrawals are subject to the availability of funds in your account.

2Deposits are subject to the provisions of the Bank’s Funds Availability Policy. Easy Deposit Mobile is a free service and only for Banco Popular customers with individual deposit accounts and/or commercial accounts (FlexiCuenta de Negocios® & B-Smart®). Customers selected in accordance with the Bank’s eligibility criteria. Checks deposited before 6:00 p.m. of a business day will be processed the same business day, subject to verification and deposit validation. In the back of the check to be deposited, enter your signature, account number and the phrase “For Deposit Only at BPPR.”