Panama Forum - View Single Post

mycrew · 07-27-2007

Hi All,
I am new to this site and I hope it will be of value in my efforts to eventually move and live in Panama.
As states we are eventually going to move there so we want to buy some property first. We are planning a trip back in a couple of weeks and we are looking to open a (personal) bank account there.
One thing we are running into is the the banks are looking for local contact information. Since we do not live there we have none.

-Does anyone have experience in US citizens opening bank accounts in Panama?
-We are looking at Banistmo. Does anyone have suggestions on a better bank that has ablility to extend mortgages to non-Panamanians?
-Bank is looking for bank reference letter. Does this need to be notorized?

Any forsight would be appreciated to make the easier.

Thanks in advance.

07-27-2007	#1 (permalink)
mycrew Junior Member Join Date: Jul 2007 Posts: 3 Rep Power: 0	Opening a personal bank account Hi All, I am new to this site and I hope it will be of value in my efforts to eventually move and live in Panama. As states we are eventually going to move there so we want to buy some property first. We are planning a trip back in a couple of weeks and we are looking to open a (personal) bank account there. One thing we are running into is the the banks are looking for local contact information. Since we do not live there we have none. -Does anyone have experience in US citizens opening bank accounts in Panama? -We are looking at Banistmo. Does anyone have suggestions on a better bank that has ablility to extend mortgages to non-Panamanians? -Bank is looking for bank reference letter. Does this need to be notorized? Any forsight would be appreciated to make the easier. Thanks in advance.