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How to Open a Bank Account in Panama

By Betsy Burlingame

AGS Worldwide Movers
AGS Worldwide Movers

Summary: How to open a bank account in Panama from the expat perspective: covers what documents you'll need to open a bank account, key criteria when choosing a bank, opening a bank account before you obtain residency and more.

Living in Panama - How to Open a Bank Account in Panama

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.


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Panama GuidePanama Guide
Learn what members have to say about living in Panama.

Panama Forum Panama Forum
Talk with other digital nomads and expats in Panama on our Panama forum - meet people, get advice and help others.

Panama Index Panama Index
An index of all of our site's Panama information.

Contribute to Panama Network Contribute
Help others in Panama by answering questions about the challenges and adventures of living in Panama.

Expat Healthcare Advice in PanamaHealthcare & Health Insurance in Panama

Expats in Panama offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Panama.

Expat Talk about Healthcare Advice in PanamaMembers Talk about Healthcare & Health Insurance in Panama

Expats in Panama offer advice about healthcare in Panama.

Best Places to Live in Panama Best Places to Live in Panama

Panama is a great place to live or retire with easy residency laws, warm people and lots of expats. Whether you want to live by the beach in Bocas del Toro or need to live in Panama City for work and schools, there are many places to explore.

Real Estate in PanamaReal Estate in Panama

Real estate listings in popular cities and towns in Panama.

Guide to Real Estate in PanamaGuide to Real Estate in Panama

Advice for people renting and buying real estate in Panama.

Pros Cons of Living in PanamaPros & Cons of Living in Panama

Take off your rose-colored glasses and learn what digital nomads & expats have to say about the biggest challenges and the greatest rewards of living in Panama.

Cost of Living in PanamaCost of Living in Panama

Expats in Panama enjoy a relatively low cost of living. However, it's important to do your research to make sure you'll actually enjoy those saving while creating a high quality of life as an expat in Panama.

Panamas-Pensionado-DiscountsPanama's Pensionado Discounts

Panama's pensionado discounts are available to legal residents (55+ for women, 60+ for men). These generous discounts include 25% off airline tickets, 25% at restaurants, 50% off at hotels during the week, exemption on import tax for up to $10,000 household goods and much more.

Panamas-Friendly-Nations-VisaPanama's Friendly Nations Visa

Panama's Friendly Nations Visa was introduced in 2012 and enables immigrants from 50 nationalities to easily obtain residency and a work permit.

How-to-Open-a-Bank-Account-in-PanamaHow to Open a Bank Account in Panama

How to open a bank account in Panama from the expat perspective: covers what documents you'll need to open a bank account, key criteria when choosing a bank, opening a bank account before you obtain residency and more.

Best-Banks-in-Panama-for-Expats-and-Global-NomadsBest Banks in Panama for Expats and Global Nomads

Expats share their recommendations for the best banks in Panama for expats.and global nomads.

AGS Worldwide Movers
AGS Worldwide Movers

AGS Worldwide Movers
AGS Worldwide Movers

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Top-quality coverage for people who live, work, study and travel internationally.
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Top-quality coverage for people who live, work, study and travel internationally.
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Panama GuidePanama Guide
Learn what members have to say about living in Panama.

Panama Forum Panama Forum
Talk with other digital nomads and expats in Panama on our Panama forum - meet people, get advice and help others.

Panama Index Panama Index
An index of all of our site's Panama information.

Contribute to Panama Network Contribute
Help others in Panama by answering questions about the challenges and adventures of living in Panama.

Expat Healthcare Advice in PanamaHealthcare & Health Insurance in Panama

Expats in Panama offer advice about healthcare, hospital visits, emergency rooms visits, finding a doctor and buying health insurance in Panama.

Expat Talk about Healthcare Advice in PanamaMembers Talk about Healthcare & Health Insurance in Panama

Expats in Panama offer advice about healthcare in Panama.

Best Places to Live in Panama Best Places to Live in Panama

Panama is a great place to live or retire with easy residency laws, warm people and lots of expats. Whether you want to live by the beach in Bocas del Toro or need to live in Panama City for work and schools, there are many places to explore.

Real Estate in PanamaReal Estate in Panama

Real estate listings in popular cities and towns in Panama.

Guide to Real Estate in PanamaGuide to Real Estate in Panama

Advice for people renting and buying real estate in Panama.

Pros Cons of Living in PanamaPros & Cons of Living in Panama

Take off your rose-colored glasses and learn what digital nomads & expats have to say about the biggest challenges and the greatest rewards of living in Panama.

Cost of Living in PanamaCost of Living in Panama

Expats in Panama enjoy a relatively low cost of living. However, it's important to do your research to make sure you'll actually enjoy those saving while creating a high quality of life as an expat in Panama.

13-Important-Tips-for-Retirees-in-Panama13 Important Tips for Retirees in Panama

If you're thinking about retiring in Panama, here are 13 things you must know before you make the move.

8-Important-Tips-about-Healthcare-and-Health-Insurance-in-Panama8 Important Tips about Healthcare and Health Insurance in Panama

Expats in Panama offer 8 important tips about healthcare and health insurance in Panama. While the quality of healthcare varies, there are world class doctors and facilities throughout Panama. Health insurance is much less expensive in Panama. Doctors visits (with and without insurance) are very affordable. The one negative seems to be that medications can be more expensive that in the U.S. Despite these pros and cons, many expats.mentioned that people have healthier lifestyles in Panama - cleaner air, cleaner water, fresh produce and less stress.

7-Things-to-Know-Before-You-Move-to-Panama7 Things to Know Before You Move to Panama

Do you have to buy a round trip ticket when moving to Panama? How difficult is it to bring my dog? Should I buy a home in Panama? Can I find health insurance that covers me in Panama and my home country when I travel back to visit relatives?

Thanksgiving-in-PanamaThanksgiving in Panama

American expats.in Panama can enjoy a traditional Thanksgiving meal at these restaurants.

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