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.
Review before you continue
Check the listed scope, requirements, price note, and FAQs. Final decisions remain with the relevant bank, government authority, or institution.
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