RelatedPanamaZero Min DepositOnline OnlyFast Approval

Tower BankTower Bank

Panama 传统银行 In-branch required Non-residents OK ★ 3.9
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Minimum depositNon-residents: about $1,000 deposit
Monthly feeDepends on the account tier
Minimum balanceA minimum balance must be maintained (details discussed in person)
How to apply—
Processing timeAbout 2-3 weeks
Institution typeTraditional Bank
Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

Advantages

  • Most foreigner-friendly non-resident account
  • Dollarised, no FX risk
  • Offshore-client friendly

Things to note

  • Needs Panama lawyer POA
  • 2–3 weeks timeline
  • Interview and reference letter needed

Documents required

  • Passport (apostilled)
  • Bank reference letter
  • Income proof
  • Panama lawyer POA

Most non-resident-friendly, but requires a Panamanian lawyer's power of attorney, a reference letter and an interview

Opening offers & benefits

Standing benefits

These are stable, standing account benefits (not time-limited) — available as long as you qualify:

Non-ResidentMulti-Currency
Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

FAQ

Ready? Open your account

Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.

Open account ↗ Some links are affiliate (commission) links; this does not affect our objective assessment.

Other accounts in this region

Wise (available in Panama) ★ 4 Banco General ★ 3.8 Multibank Panama ★ 3.7 BAC Credomatic Panama ★ 3.7
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