Open a Panama Personal Bank Account: Trusted Offshore Banking
Panama is one of Latin America's most stable banking jurisdictions. A personal account gives you USD access, offshore diversification, and a jurisdiction with strong privacy protections.
Who this is for
- Expats and residents in Panama seeking local banking
- International investors diversifying into Latin American banking
- Those who want a second banking jurisdiction outside their home country
- Entrepreneurs with Panama business interests needing personal banking
A minimum deposit is typically required by the bank. Approval not guaranteed.
Open Panama Bank AccountWhat's included
- Bank selection and matching
- Document checklist (passport, proof of address, source of funds, reference letters)
- Application preparation and submission
- Liaison with the bank during compliance review
How it works
Documents compiled
ID, proof of address, source of funds, and bank reference letters.
Bank matched
Panama-licensed bank selected based on your profile.
Application submitted
May require a visit to Panama for in-person banking.
Account decision
2–6 weeks. Compliance review is thorough.
Frequently asked questions
Do I need to visit Panama to open an account?
Most Panamanian banks require an in-person visit or a notarized power of attorney.
What is Panama's banking reputation?
Panama is a well-regulated banking centre compliant with FATF standards and is not on major international blacklists.
What currencies are available?
USD is the default Panamanian currency. Most banks also offer multi-currency options including EUR.
What's the minimum deposit?
Typically $5,000–$25,000 depending on the bank and account type.
Ready to get started?
Fixed price, real-time tracking, and expert handling, from first document to final approval.
Open Panama Bank Account