Different banks have different requirements. Some banks have stricter requirements than others, and some may require that you have ties to Panama through marriage, real estate, employment, etc., in order to open an account.
Speak with a bank representative to confirm which documents you need to bring and what conditions must be met.
Here, we list 10 banks operating in Panama (both domestic and foreign) that are currently accepting new American clients.
A subset of Citigroup Inc., Citibank is one of the largest banks in the world with more than 2,500 branches across 98 different countries, spanning Africa, Asia, Europe, and the Americas—including a few branches in Panama City. Citibank is listed as a general license bank on Panama’s bank superintendent website.
Atlas Bank is a general license bank in Panama with official headquarters in the States. Out of all the banks we corresponded with, Atlas Bank seemed the most willing to do business with Americans.
Banesco is a Venezuelan general license bank with a large presence in Panama. There are dozens of branches throughout the country, including prominent expat destinations such as Panama City and David…