HSBC Panama is part of one of the largest banking and financial services organizations in the world. The HSBC Global network comprises over 10,000 offices in 82 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC Global manages over $22 billion in assets.

HSBC Services - Panama Offshore Banking

• HSBC Offshore - HSBC Panama does accept accounts for corporations or foundations with US citizens as signatories in addition to signatories from other countries around the world.
• HSBC Account Currencies: HSBC Panama offers Multi-Currency accounts (USD, EURO).
• HSBC Card Services
  • HSBC Credit Cards - Secured credit cards are available for HSBC Offshore accounts. Secured credit cards have the corporate name as well as personal name printed on the card.
  • HSBC Debit Cards - Available for HSBC Personal account holders, not available for HSBC offshore corporate accounts.
• HSBC Online Services - HSBC internet services include online banking which is available in English, for viewing account transactions, balances, downloading statements, paying credit cards, transfers between accounts, international wire transfers, communicating with bankers through encrypted email, etc. (This service has a monthly cost).
• International Bank Wires: Can be performed via the online banking interface.
• HSBC Personal Accounts - Checking and Savings accounts available. Savings accounts pay interest.
• HSBC Corporate Accounts - Checking and Savings accounts available. Savings accounts pay interest.
• Investment Options - Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC Panama provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities. Time deposits (Certificates of Deposit) are available in various increments. Interest rates change monthly.
• HSBC Branch Locations - HSBC Panama has branch locations throughout Panama City and all other major cities in Panama.

HSBC Account Requirements

• HSBC Account Initial Deposit - The minimum initial deposit of US$ 1000, The initial deposit must be made by certified or official bank check payable to the name of the account being opened. Please note that all deposits over the value of US$50,000 must be substantiated with documentation proving origin of funds and purpose of funds. Personal interviews are required on a case by case basis for extremely large deposits.
• HSBC Account Documentation Requirements:
  • Passport Photocopy: A photocopy of the picture, signature and personal details page of passport must be provided from each signatory, Note: If the client does not physically visit Panama, then Passport photocopy must be authenticated by either Apostille or through a Panamanian Consulate in the country of issue.
  • Drivers License Photocopy: A photocopy of the driver's license must be provided by each signatory. Note: If the client does not visit Panama the driver's license photocopy must be authenticated by either Apostille or through a Panamanian Consulate in the country of issue.
  • Bank Reference Letter: Each signatory must provide One original bank reference letter (of the signatory on the account being opened), on the bank’s letterhead, signed by the account representative, with complete contact information of the bank (address, tel, fax, email) for verification purposes.
  • Commercial or Professional Reference Letters: Each signatory must provide Two original commercial or professional reference letters (of the signatory on the account being opened), on company letterhead, signed by the representative, with complete contact information (address, tel, fax, email) for verification purposes.
  • Account Applications: Each signatory must sign the respective account applications and signature cards.