$50.00 Savings Account



With this sight deposit account you can save up for the future and draw on these funds whenever you wish.

Features

  • You may draw on your funds using your debit card
  • Monthly interest accruals.
  • Can be opened with the following minimum amounts, which are also the minimum monthly balances that should be maintained:
    • Panamanian private individuals: $50.00.
    • Foreign-born non-resident private individuals: $3,000.00.
    • Foreign-born private individuals resident in Panama: $1,500.00.
    • Legal entity: $ 5,000.00.
    • Foreign legal entities: $5,000.00.

Benefits and services:

  • Greater convenience:
    • Branch offices offering extended hours
    • The Clave network of ATMs in Panama and the Plus System abroad providing a 24/7 service.
  • You can check on your account via:
    • Our on-line banking facilities for personal accounts.
    • Our Corporate On-Line Link-Up for accounts belonging to legal entities.
    • Our dedicated Help Line

Requirements for opening accounts:

Checking and savings accounts along with fixed-term deposits

In order to open a deposit account you must present the following documents:

Panamanian private individuals:

  • Original ID Card
  • Second valid ID document (driving license, Social Security Card, Employment Card).
  • A banking reference or verifiable personal references.
  • A completed account application form.

Foreign-born non-resident private individuals:

  • Original passport
  • Resident permit or green card.
  • 2 banking references, one of which must attest to a minimum of two years with said bank.
  • Proof of income or evidence supporting the origin of the funds to be deposited
  • A completed account application form.

Foreign-born private individuals resident in Panama:

  • Original passport
  • Second valid ID document (driving license, Social Security Card, Employment Card).
  • A banking reference
  • A completed account application form.

Domestic legal entities:

  • Articles of Incorporation or Corporate Charter, together with any amendments to such, as applicable:
  • Certificate of Good Standing
  • By-laws in the case of Private Interest Foundations.
  • ID card or passport together with a second valid ID document corresponding to corporate officers, attorneys, legal representatives, shareholders, real beneficiaries and signatories.
  • Verifiable banking references for both the legal entity and all those stated in the previous item
  • A completed account application form.

Foreign legal entities:

  • Articles of Incorporation or Corporate Charter, together with any amendments to such, as applicable
  • Certificate of Good Standing
  • ID card or passport together with a second valid ID document corresponding to corporate officers, attorneys, legal representatives, shareholders, real beneficiaries and signatories.
  • Two banking references, one of which must attest to a relationship of at least two years with the bank in question.
  • Proof of income or evidence supporting the origin of the funds to be deposited
  • A completed account application form.

Foreign legal entities – Free Trade Zone Clients:

These must comply with all those requirements applicable to a foreign legal entity as well as the following:

  • Commercial Registry #.
  • Two commercial references issued by recognized companies belonging to the Free Trade Zone of Colón.
  • Two banking references for the account signatories.
  • Audited financial statements for the latest year (certified by a chartered accountant in the case of Venezuela)
  • Personal financial statements or income tax returns belonging to the account signatories.

Should these documents be issued abroad they must be duly apostilled or authenticated by an embassy or consulate.

The Bank may request other documents in addition to those stated above.

Accounts can only be opened subject to the Bank´s approval

FAQs

¿How much does the Bank charge for its services?

For more information on banking charges please consult the following sections:

  • Tariffs
  • Important Notices
  • Tools

¿How much can I withdraw from an ATM?

The daily withdrawal limit is $500.00; however you may apply for this limit to be extended to between $1,000.00 and $3,000.00 per day.

¿If I lose or misplace my debit card, how can I report this to the Bank?

You can report this incident by ringing our Help Line or going to your nearest branch office and requesting a replacement.