Opening an account in Panama varies greatly from bank to bank. There are a number of banks in Panama that will only require two bank letters of reference plus two personal references from friends in Panama.
Also the time to open an account varies greatly, some banks being able to open an account directly or others where the process can take anything from a couple of days to a month. If the process does take time you will need to be persistent. Make sure that the bank sees you as an important customer and to have the odds on your side the ideal is to make sure that you have all the documents required by Banco Nacional de Panama with you before approaching the bank of your choice. Don’t forget that the documents will expire in ninety days.
It is a good idea to open all the accounts that you are likely to need at the same time, current account, saving account etc
For a complete list of all the documents that you will need to open an account plus some detailed guidance please feel free to contact us by email at email@example.com