Where should I setup a bank account in Panama City?

We asked expats in Panama City what banks they use and there advice about banking. They advised...

"Yes, I also found a credit union that offers very attractive interest rates on their certificate of deposits / ranging from 4.5% to 8.5%," remarked another expat in Panama City, Panama.

"Before retiring in Panama City, expats should research the cost of living and the availability of healthcare services. It is also important to understand the local laws and regulations, as well as the cultural norms and expectations. Additionally, expats should familiarize themselves with the local language, as English is not widely spoken in Panama City. Finally, expats should consider the climate and the type of housing available in the city," said a member in Panama City, Panama.

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Where should I setup a bank account in Panama City?

If you live in Panama City, newcomers to Panama City would love to hear your answer to this question.