Puerto Rico Bank Account for Panama company?

[ciccino]

Is there any bank in Puerto Rico that will open a bank account for a Panamanian company, no EuroPacificBank, but only one that is part of the US banking system with ABA/Routing Number.

Also is that true that there is no CRS in Puerto Rico?

I'm an Italian citizen resident in Panama

 

[EuroKiss]

ciccino said:
Is there any bank in Puerto Rico that will open a bank account for a Panamanian company, no EuroPacificBank, but only one that is part of the US banking system with ABA/Routing Number.

Also is that true that there is no CRS in Puerto Rico?

I'm an Italian citizen resident in Panama
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Try Banco Popular, there are the biggest bank in PR. Be careful about Venezuelan branches (PR is full of them), keep in mind PR bank license is the cheapest one (half a million) and lots of banks are merely an office with a couple of business developers, handling the entire backend in Caracas.

 

[ciccino]

EuroKiss said:
Try Banco Popular, there are the biggest bank in PR. Be careful about Venezuelan branches (PR is full of them), keep in mind PR bank license is the cheapest one (half a million) and lots of banks are merely an office with a couple of business developers, handling the entire backend in Caracas.
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Is Banco Popular part of the US Banking system? Also, can I open it remotely or I must visit the place in person?
Thank yoy

 

[EuroKiss]

ciccino said:
Is Banco Popular part of the US Banking system? Also, can I open it remotely or I must visit the place in person?
Thank yoy
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All banks in PR are part of the US system (FDIC). They all need personal visit.

 

[ciccino]

EuroKiss said:
All banks in PR are part of the US system (FDIC). They all need personal visit.
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I read a comment that EuroPacific Bank has no Aba / routing number

 

[EuroKiss]

ciccino said:
I read a comment that EuroPacific Bank has no Aba / routing number
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Dunno, never used EPB, anyway they all should have ACH at least for wire transfer.

 

[Tr0nad0r]

EuroKiss said:
All banks in PR are part of the US system (FDIC). They all need personal visit.
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I think this is true for domestic banks but there are international banks based in PR that aren't FDIC insured and some that don't even have ACH.

 

[Martin Everson]

ciccino said:
Is there any bank in Puerto Rico that will open a bank account for a Panamanian company, no EuroPacificBank, but only one that is part of the US banking system with ABA/Routing Number.
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Try Standard Bank International it has ABA routing but its more for Asian customers. Try also Ital Bank has also ABA routing. Ital is specifically for those in South America. Both are in Puerto Rico.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[ciccino]

Martin Everson said:
Try Standard Bank International it has ABA routing but its more for Asian customers. Try also Ital Bank has also ABA routing. Ital is specifically for those in South America. Both are in Puerto Rico.
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Thanks for the advice, I appreciated

 

[Piano]

Tr0nad0r said:
I think this is true for domestic banks but there are international banks based in PR that aren't FDIC insured and some that don't even have ACH.
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Such as ?

 

[Tr0nad0r]

Piano said:
Such as ?
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Most of the banks in those list:
https://bancosinternacionalespr.com/https://www.abpr.com/Association/Honorary
I know some of them since they're well known in Latinamerica.

Italbank, Facebank, Stern Bank, NodusBank aren't FDIC-insured banks.
Bancolombia Puerto Rico isn't FDIC insured and doesn't have ABA.