Sxxxxxxx Bank

(CLIENT MUST TO COME TO PANAMA TO OPEN AN ACCOUNT WITH THIS BANK)

Sxxxxxxx International Bank Ltd. provides international private banking services to high-net-worth individuals around the globe. Sxxxxxxx Bank, domiciled in Antigua, is a member of the Sxxxxxxx Financial Group, a global financial services network with $43 billion in deposits and assets under management or advisement. Backed by a 75-year family tradition of exceptional client service, Sxxxxxxx serves clients from more than 140 countries on six continents.

Account Features:

• Bank Profile: Sxxxxxxx Bank (Panamá) is headquartered in Panama City, was founded as a private bank, but is now a commercial bank providing a full range of traditional commercial banking services, including, but not limited to, deposit services, credit facilities and credit card services to individuals, public entities and government agencies.
• 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.
• International Wire Transfers: Can be completed via Online Banking interface.
• Debit Cards: Debit cards are available for personal or corporate accounts.
• Credit Cards: Secured Credit cards are available.
• Savings Accounts: Savings accounts pay interest. 4% annually.
• 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, Sxxxxxxx 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$ 2,500.00 (Savings) US$ 500.00 (Checking) must be made by wire transfer once the account is approved by the bank.

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.
2. Bank Reference Letter: Each signatory must provide two (2) original bank reference letters, on the bank’s letterhead, signed by the account representative, with complete contact information of the bank (address, tel, fax, email) for verification purposes.
3. Commercial or Professional Reference Letters: Each signatory must provide Two (2) original commercial or professional reference letters, on company letterhead, signed by the representative.
4. Account Applications: Each signatory must sign the respective account applications and signature cards. **

** Account applications and signature cards must be filled out in person by coming to Panama.