Bank Accounts

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Banco General

Documents required from foreigners who wish to apply for a checking account:

  • A completed and duly signed application
  • A copy of the passport, including the pages showing the migratory movements (entry and exit seals)
  • A copy of a second ID (Driver’s license, Social Security Card, etc.)
  • 2 last Income Tax Statements, letter of employment or, if retired, pensioner certificate
  • Two bank references letters from his/her country of origin
  • If he/she has a bank account in Panama, a reference letter from the local bank
  • Credit references from his/her country of origin

Multibank International Legal Checking Account

Requisites:

  • Articles of incorporation of the corporation and all its amendments
  • General Resolution or Minutes of the Stockholders’
  • Meeting signed by the President and Secretary or Legal Representative.
  • Copy of passport of all those signing and Officers of the Corporation.
  • If there is a General Power of Attorney, it must be registered at the Public Registry.
  • Certification issued by the Registrar of the country of origin of the corporation.
  • Two bank references (local or foreign) of the signers of the account.
  • Two commercial references (local or foreign).
  • Two personal references (local or foreign) of the signers of the account which should include telephone numbers and home addresses.

Multibank International Natural Checking Account

Requisites:

  • Two banking references (local or foreign) or excerpts of banking accounts of the last three (3) months.
  • Two commercial references (local or foreign).
  • Two personal references (local or foreign) which should include telephone numbers and home addresses.
  • Passport.

Banco Universal

Documents required from foreigners who wish to apply for a checking account.

  • A copy of the passport, including the pages showing the migratory movements (entry an exit seals).
  • Copy of a second ID (Driver’s license, Social Security Card, etc).
  • Two bank reference letters from his/her country of origin.
  • If he/she has a bank an account in Panama, a reference letter from the local bank.

Bankvivienda

Requirements for Foreigners

  • Information required for every account holder and authorized signature.
  • Completely fill out our application form with your name as it appears in your passport, with the required personal data and others.
  • Original, authenticated or annotated copy of passport.
  • Valid immigration card in the case of foreigners with more than 90 days of permanence in Panama, according to the last entrance seal.
  • References (for each of the holders and authorized signatories)
  • Personal: Minimum two (including at least 1 non-relativve)
  • Banking: Minimum two

Account Information:

  • Purpose
  • Initial Deposit
  • Other local and foreign bank accounts, if any (data should include country, bank name and number of the account)
  • Documents proving the source of income

If salaried, letter of employment issued by the current employer.

If self employed:

  • Last Income Statement
  • A note from the natural person explaining his activity. Documents which prove said activity. Submit copy of the commercial or industrial license if the activity so requires.