Panama Bank Account Options & Capabilities
- Panama Bank Accounts have strong Bank Secrecy, which calls for prison terms and fines for violators. The difference between Panama and other offshore jurisdictions, is that Panama strongly enforces its bank secrecy laws. Also you could, of course, sue the bank for any violations as well.
- Your Panama Bank Account can be in US Dollars or in Euros
- English or Spanish Service
- You can get an ATM Card, Visa or MasterCard.
- You will have online banking including international wire transfer sending capabilities, balance history, and statements.
- The minimum opening deposit is $1000 for USD accounts.
- The minimum opening deposit is 3000 euros for euro accounts.
- USA, Canadian Passport holders are only eligible for corporation or foundation bank accounts only, no personal accounts.
- Corporate Accounts can be opened using existing corporations from some jurisdictions (No USA or UK based Corporations), inquire please.
Offshore Bank Account in Panama
We do not discuss the names of banks. The banks do not wish to be contacted directly by the clients. We have banks with many billions of dollars of assets and require an "introduction".
Multi-National Banks in Panama
We have banks that operate only in Panama and banks that operate around the world to suit your preference. For banks with a global presence, you should be aware that the banking entity in Panama is a separate Panama Banking Corporation covered by Panama Bank Secrecy.
Thus your banking privacy is safe even though you are banking with an "onshore bank". Some of our clients prefer this type of situation because it is their belief that if the Panama bank were, for some unknown reason, to get into financial trouble, the global banking entity would take care of the situation to protect their name.