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Requirements for Opening a Time Deposit Account with National Bank of Panama

1. Three (3) letters of commercial references addressed to the National Bank of Panama (at least two of these references must be from banks)
2. Three (3) letters of personal reference addressed to the National Bank of Panama
3. Two (2) photocopies of the applicant's passport
4. Application Form of Opening of Account (with complete information). This form can be obtained at any branch of the National Bank of Panama (We will help you with this)
5. Application Form of Verification of References in the Panamanian Association of Credit (APC), independent of the nationality and the applicant's home. This form should be completed by the applicant before an official of the National Bank, unless she/he confers Special Power to another person for the realization of this step (We will help you with this)
6. Profile of the Client. This form should be completed by the applicant before an official of the National Bank, unless she/he confers Special Power to another person for the realization of this step (We will help you with this).

Important Notes

1. The amount of the time deposit must be wired transferred by one of the banks providing references because otherwise it will not be accepted.
2. All commercial and personal reference letters must be authenticated by apostille or by a Consulate of Panama.

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