Comments on: PANAMA: Your Step by Step Guide to Opening a Personal Bank Account

By: Peter Salometo

Peter Salometo — Tue, 10 Feb 2009 20:45:47 +0000

Much of this information is very useful. Some caveats regarding two of the banks listed, based on recent (Feb ’09) information I obtained directly from them.

To open an account at Scotiabank (Bank of Nova Scotia- one of the largest in the Caribbean) US residents must own property in Panama.

The minimum deposit to open an account at BNP Paribas, the large French bank, is $US 250,000.

By: michal kriukow

michal kriukow — Fri, 16 Jan 2009 16:41:26 +0000

Hi,
Great article, thanks a lot for sharing, it’s pretty hard to find decent information like this online. I’ll be travelling through Panama in a few weeks and I’m completeing the required documentation now. Since you say it’s better to get reference letters in the bank’s name, could you recommend a specific one? I heard Stanford is good. All I need is a check account with debit card and online access, preferably with no monthly fees… Also do you think just a few days in Panama city is sufficient? I mean is signing up for an account one meeting kinda thing, or do I have to be meeting with bank officials on a few occasions?

thanks in advance and cheers,
Michal Kriukow

By: P. Orwell

P. Orwell — Fri, 05 Sep 2008 14:37:49 +0000

Thanks for the Panama bank links!!! Great article, too!

By: al sowins

al sowins — Mon, 09 Jun 2008 02:19:50 +0000

Are you joking? They will make money off my deposits, but I have to jump through all their stupid hoops?
Never happen, poobaby!

By: nosleepingdog

nosleepingdog — Mon, 26 May 2008 21:11:42 +0000

This is so useful! I’m not planning to move to Panama, but have dealt with banking in another country, and wish I’d had the equivalent information then.

nosleepingdog

By: Your Guide to Opening a Personal Bank Account in Panama

Your Guide to Opening a Personal Bank Account in Panama — Sun, 25 May 2008 16:39:21 +0000

[...] bookGeek wrote an interesting post today onHere’s a quick excerptOpening a Bank Account in Panama I have been requested by a reader to cover the procedure of opening a bank account here. It is one of those essential but non-exciting posts which are very interesting to newcomers to Panama. … [...]