Multibank Panama is a medium sized Panamanian based bank managing over $500 million in assets with branch locations in all major cities of Panama.

Clients must visit Panama to open an account with this bank.

Multibank Services - Panama Offshore Banking

• Multibank Panama Offshore - Multibank accepts accounts for corporations or foundations in addition to personal banking services. Foreign clients must visit Panama to open an account.
• Multibank Account Currencies: Multibank offers Multi-Currency accounts (USD, EURO).
• Multibank Card Services
  • Multibank Credit Cards - Secured Visa Credit cards are available with personal and corporate names on the card. Secured Credit cards require a security deposit in the amount of 125% of the requested credit line, held in a savings account or CD. The security deposit is used as a “guarantee” on the credit line, but should not be used to pay off the monthly charges on the card. The account holder must maintain enough funds in checking or savings account to pay the full balance of monthly credit card charges, as the bank will deduct these charges in full each month from the checking or savings account.
  • Multibank Debit Cards - Multibank Visa Debit cards are available for personal or corporate accounts, with daily cash withdrawal capabilities limited to US$500.
• Multibank Online Services - Multibank internet banking is available in Spanish and English for viewing account transactions, balances, downloading statements, paying credit cards, transfers between accounts, payment of local utilities.
• International Wire Transfers:Wire transfers must be requested by faxed, signed letter with follow-up phone call or email to confirm wire instructions.
• Multibank Personal Accounts - Checking and Savings accounts available. Checking accounts do not pay interest and checks can only be used locally in Panama. Minimum deposit and balance of US$1000.00 must be maintained.
• Multibank Corporate Accounts - Checking and Savings accounts available. Checking accounts do not pay interest and checks can only be used locally in Panama. Minimum deposit and balance of US$1000.00 must be maintained.
• Investment Options - Time Deposits (Certificates of Deposit): The minimum time deposit (by Panamanian banking law) in USD is US$10,000. Interest rates change monthly, so please contact our customer service department for updates on the current rates.
• Multibank Branch Locations - Multibank Panama has branch locations throughout Panama City and all major cities in Panama.

Multibank Account Requirements

• Multibank Account Initial Deposit - An initial deposit of $1000 US (minimum) m