Your online bank account in Panama with no set-up fees
Opening a bank account in Panama is a great opportunity to handle US dollars safely. In the past, you had to go to traditional banks, wait in line and fill out lengthy paperwork. Now you can open an international bank account from the comfort of your home. Along with that account, you receive a free debit card. This card can be used to make online purchases or withdraw cash from ATMs in any country in the world.
We offer this option for residents of legal age in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Paraguay, Peru, Uruguay and Venezuela.
Those interested in applying only need to complete an online form. During the application process, they must enter their personal data, including their passport, as KYC (know-your-customer) will be performed. Once approved, the account will be enabled and the customer will receive a Visa debit card.
This international bank account offers different benefits. One of them is the possibility to receive and transfer money to any other bank account in the world. In addition, the Visa debit card, equipped with the most modern and secure technology, allows you to make purchases in physical or online stores. Moreover, the international bank account has no set-up or maintenance fees. There is only an annual membership fee. After three months of its creation, you must maintain a minimum balance of over 500 dollars. The account allows a maximum monthly movement of 5,000 dollars.
The advantages of opening an online bank account in Panama
Currently, having a bank account in dollars is a great opportunity. The U.S. currency is growing and continues to be the benchmark in international trade. Residents of Latin American countries included in this program can take advantage of this bank account in Panama. This provides greater financial freedom.
In general, money in Latin America is often restricted by local regulations. Now, with this bank account in Panama you can bypass these restrictions and spend, send, save or receive money quickly and easily.
Through this account, Venezuelans can access products or services that are not available in their country in economic crisis. In addition, they can use the debit card to send remittances.
In contrast, Argentines may see the bank account in Panama as an alternative to save and protect their assets in the face of the depression of their local currency. In the case of Salvadorans, the collapse in the value of Bitcoin was a major blow. The bank account in Panama therefore serves to safeguard their dollar savings.
We offer advice on opening a bank account in Panama from home for as little as 200 euros/USD.