Banks |
Panama
Only Bank with Branches in Panama |
Offshore
Bank located in Panama |
25 Billion Dollar Panama Bank |
Panama
Bank (sharing name with other banks around world) |
Panama
Only Bank with branches in Panama |
Panama
Only Bank with branches in Panama |
St. Vincent &
Grenadines Bank |
Bank in Belize #1 |
Bank in Belize #2 |
| Personal Interview
required |
NO. |
NO. |
NO. |
YES. |
YES. |
YES. |
NO,
everything is done by courier. |
NO,
everything is done by courier. |
NO,
everything is done by courier. |
| Online Banking |
Not
at the present time, the bank is working on having an online
banking system implanted during the course of this year. |
Yes,
it is free and only allows to view balances, to make transactions
you must contact the bank by email or fax. |
There
is a free version that will allow you to see balances only and a
complete version with security device that allows transactions
for US$75.00 a month. |
Yes,
it is free and only allows to view balances, to make transactions
you must contact the bank by email or fax. |
Yes.
The online banking is free and will allow you to view account
balances and place international transfers from the account. |
Yes,
it is free and only allows to view balances, to make transactions
you must contact the bank by email or fax. |
Yes.
The online banking is free and will allow you to view account
balances and place international transfers from the account with
a security device. |
The
online banking is free,
is only for consulting balances. |
Online banking allows you to check balances, check history and send international wires for $9.95 per month. |
| Multicurrency
accounts |
NO. |
Yes, in US
Dollars, Euros, CHF; JPY, GBP and Canadian Dollars. |
Separate
accounts must be opened for U. S. Dollars and Euros. |
NO. |
Separate
accounts must be opened for U. S. Dollars and Euros. |
Separate
accounts must be opened for U. S. Dollars and Euros. |
Yes,
in US Dollars, Euros, CHF; JPY and GBP. |
Yes, in US
Dollars, Euros, GBP and Canadian Dollars. |
Yes, in US
Dollars, Euros, GBP and Canadian Dollars. |
| Timeframe to approve
accounts |
5-7
business days. |
3-5
business days. |
5-7
business days. |
3-5
business days. |
5-15
business days. |
5-15
business days. |
3-4
business days upon receiving complete package from Law Firm. |
3-4
business days. |
3-4
business days. |
| ATM Cards |
No |
Yes,
based on client’s relationship with the bank. |
Yes,
only for personal accounts and secured cards. |
Yes,
for personal accounts. |
Yes,
for personal accounts. |
Yes,
for personal accounts. |
Yes,
MAEStrO and Mastercard debit cards |
YES,
you can have a Visa Card with your name, the name or the
corporation or a non name pre-loaded Visa (electron). |
YES,
you can have a Visa Card with your name, the name or the
corporation or a non name pre-loaded Visa (electron). |
| Investment Accounts |
NO |
YES |
NO |
NO |
NO |
Yes with
securities division |
NO |
YES |
YES |
| Customer Service |
Very
Good. |
Very Good. |
Online banking excellent, Difficult
by phone and email. |
Very Good. |
Very good. |
Good. |
Excellent. |
Excellent. |
Excellent. |
