Banking in Boquete

Today we completed the bank account process we began in March. We had to prove who we are, have a letter of introduction from an attorney, a letter from our current US bank, a recommendation from a current account holder, and the typical passport requirements. We met with Carmen last summer who told us of all the requirements so none of this was a surprise when we arrived, paperwork in hand.

During our visit in March, we went to Global Bank to begin the process. It is lengthy and Carmen was awesome.It took about an hour and then we had to wait for clearance at the main branch in Panama City. It took several weeks but that happened when we back in Florida.

Today we went back to Carmen with money. It took about another 30 minutes to get them to take it. Even though we were approved for a bank account, the account could not be officially open without us making a deposit.

Thank you Carmen, Dave, Harry and our attorney, Eric, for being part of this important event.
Another task = done.

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4 thoughts on “Banking in Boquete

  1. Patience always wins out in Panama. Once you learn that everything takes more time than in Norte America everything most things become tickety boo! 🙂

  2. I’ve heard a lot of people say you can’t get a bank account here. We’re also in the process of collecting the necessary documents, and they told us once that’s done we’re good to go too. I think a lot of stuff gets done here when you know someone who puts you in touch with someone who can help you.

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