Hxxx Bank (Panama)

This bank accepts accounts for offshore corporations or foundations with US citizens as signatories.

Account Features:

• Bank Profile: Hxxx is one of the largest banking and financial services organizations in the world. Hxxx's international network comprises around 10,000 offices in 82 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
• Currencies: This bank offers Multi-Currency accounts (USD, EURO.).
• Internet Banking: Online banking 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 completed via Online Banking interface.
• Debit Cards: Not available for corporate accounts.
• Credit Cards: Only secured credit cards are available.
• Savings Accounts: Savings accounts pay interest.
• Time Deposits (Certificates of Deposit): Time deposits are available in various increments. Interest rates change monthly.
• Investments: Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, Hxxx bank provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.
• Initial Deposit Requirements: 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.
  

Documentation Requirements to Open an Account:

1. 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. *
2. 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. *
   
3. 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.
4. 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.
5. Account Applications: Each signatory must sign the respective account applications and signature cards. **

* Document authentication instructions will be provided by our staff.

** Account applications and signature cards will be supplied by our staff .