AGS Worldwide Movers
Private Messages Friends Invite My Jobs My Properties My Profile My Tips

Panama Expat Forum

Panamanian Commercial banking

Post New Topic
mikeo1313

From: Bosnia and Herzegowina
11/27/2006 12:40 EST

I understand that Panama is regarded as a tax haven... and is a banking capital..

However.. I have heard commentary of people establishing ibc's and exchanging stocks and the like etcetc...

But what I wonder is how well Panamanian banks cater to expata that still do business in the united states and have to move money back and forth...

I chiefly would like to know of people that have commercial movement of Dollar transactions in american checks and wires to recommend a bank that will cater as well or even better than an american bank counterpart... that gives good service to clients that have the need to probably transacting wires via phone or internet in US dollars at a reasonable cost...
Webaccess to account information
Reliability and solidarity
Probably a Miami and New York branch agreement where checks can get mailed to from the united states and cleared promptly or reasonably to not tie up capital..

Chiefly this interest comes about since I have intentions to spend the majority of my time between Central and South America and considered since people do utilize banking services for personal retirement or expats stock companies.. etc etc... why not Commercial Banking with the US.. for whom need to recieve checks and make wires from US...

Thanks for you recommendations...

Post a Reply

00abuse

Volunteer

From: Panama
2/13/2007 14:17 EST

Local Panama-owned banks turn out to be more convenient and have better online facilities than branches of US banks. Panama banks have a correspondent agreement with a US bank which allows its clients to have pass-through accounts to clear same-day US checks.
Of course, you have to disclose all information about your background in order to be accepted as a client.

Post a Reply

00abuse

Expatriate Health Insurance

Get a quote for expat health insurance in Panama.

Mail Forwarding to Panama

Mail Forwarding to Panama.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals


International Moving Companies

Moving to Panama? Find a moving company.

Join Today (free)

Join Expat Exchange to meet expats in your area or get advice before your move. It's FREE and takes 1 minute!

Copyright 1997-2017 Burlingame Interactive, Inc.

Privacy Policy Legal