Towerbank International in Panama?
- Thread starter janissary
- Start date
- Status
https://www.offshorecorptalk.com/threads/crypto-friendly-bank-in-panama-towerbank.41916/
https://www.towerbank.com/en/ikigii
Opening the account is relatively easy compared to how account opening tends to be in Panama. They have improved the product since that earlier thread. It was initially limited to residents and rather low limits. I don't know any VIP clients with large turnover using the account, but from what I've heard it seems fine. It hasn't been quite the massive success they had hoped for, though.
Toggle signature
This is the probably the answer to your question.
https://www.towerbank.com/en/ikigii
Opening the account is relatively easy compared to how account opening tends to be in Panama. They have improved the product since that earlier thread. It was initially limited to residents and rather low limits. I don't know any VIP clients with large turnover using the account, but from what I've heard it seems fine. It hasn't been quite the massive success they had hoped for, though.
Toggle signature
This is the probably the answer to your question.
I just spoke today with them, for 6 figures I would look for a better bank. This bank is thought for South American countries that need to move their savings to USD because inflation. They don't offer any investment services, private banking or any kind of perks for high balance accounts.
Is it still a bank you would trust for larger sums and daily use for your business, or would you not recommend them for that kind of purpose?
Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
Interesting, They even have a strong USD correspondent bank network:
https://cdn.prod.website-files.com/...Transferencias_ Internacionales_Towerbank.pdf
https://cdn.prod.website-files.com/...Transferencias_ Internacionales_Towerbank.pdf
I'm based in Panama. Some banks are still convenient and flexible for offshore banking, it depends on what bank you approach, honestly. That said, ever since the Panama Papers fiasco, the banking regulator has gone overboard with absurd requirements, fueled by the OECD and the EU's unrealistic compliance expectations. The matter should turn around soon enough.
thats a bit of an exaggeration I would say. Unless you don't speak Spanish at all, in that case I can understand your point
Towerbank is famous for being crypto friendly. For daily use in local activities is not convenient since it does not allow Yappy. It is also good for investing in the local stock market.
- Status