mycrew

Hi all thanks for the feedback.

The reason for opening a bank account is not to hide money from the US. It seem appropriate to do so in preparation to obtain financing for a house or property in Panama. From speaking with some banks there it is required to have a minimum amount of money in the bank in which to make the mortgage payments pay, the bills and so forth. I am trying to get an overall picture of the whole banking then getting a mortgage process.
My plan is to buy either a piece of property somewhere and later on down the line build on it or buy a house now and use it as rental.
Having it financed in the US is not an option nor is second mortgage.

Thanks