Panama Is A Global Banking Center

This is one of Panama's Best Kept Secrets!

Banks in Panama are very stable and Panama has the second largest banking center in the world. There are over 100 International Banks in Panama, including HSBC, Scotiabank, Dresdner, BNP/Paribas. Most Banks provide a wide range of services including online banking, time deposits, credit card and debit card services.

Opening a Bank account in Panama is simple, but

a little different from the US. You will be required to complete an Application form. Also required is a photocopy of the passports for each signatory on the account. This should be notarized and must contain the photo and signature of the person, passport number and personal details. In addition, letters of reference from two banking and/or financial institutions are normally required.