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Panama Bank Guide
Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5779

Posted: 8/8/2009 7:53:40 AM

By: Eddie

Here is a Panama Bank Guide that I have put together:

Should have most of the information this forum is interested in. Most of the stats are trendable. Data is available for ATMs, employees and much more.

All the best, Ed

Posted: Saturday, August 13, 2011

Posted: 8/12/2009 4:56:41 PM

By: eddie456782004

Yes, you have to go to the bank to open bank account. You also need this in general:

Some banks only requires 2 banking letters of reference and 2 personal ones, like Banco Universal for example. The banks with A ratings from Fitch Ratings are very picky!

Minimum balance is usually $5 in Panama so not worth mentioning. Some banks have high minimums for corporations.

The best is to go around with someone who already has accounts and get a personal intro. Then they rarely deny accounts.

In Panama, regardless of who you are, noone replys to email, faxes or phone calls. You have to do to the bank and set aside a few hours for that experience.

To my knowledge only Credicorp and Global Bank deny US customers, but only if they don't live in Panama. Otherwise it's ok.

Best, Ed

Posted: Saturday, August 13, 2011

Posted: 8/12/2009 10:00:07 AM

By: knightmare3000

take it from personal experience, if you carry a US passport, the BANKS and the LAW FIRMS in PANAMA DO NOT want you as a customer. this past Decmeber,2008 I tried unsuccessfully with 3 of the banks you list at the website. NONE of them will return a call or a FAX with legitimate inquiry about opening an account. so maybe your website is accurate but NOT FOR US CITIZENS. most banks also requre a personal appearance. even with references. for US customers only CAYMANS ( FIBC) or the BAHAMAS ( ANSBACHER) will consider a US citizen for a customer. you website also LACKS the required minimum balance for an account at the bank which makes me wonder as to the legitimacy of the website.


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