Tower Bank - Bussiness account

[SilverNeo]

Hi

I'm thinking of opening a bank account with Tower Bank in Panama for my corporation and I was curious does anyone have any experience?

https://www.towerbank.com/en

 

[JackAlabama]

Hi

I'm thinking of opening a bank account with Tower Bank in Panama for my corporation and I was curious does anyone have any experience?

https://www.towerbank.com/en

i stay far away from panama banks (as a long time resident). I know this bank before it become "crypto" and had a few other encounters. Experience on my own was horrendous or worse

 

[SilverNeo]

i stay far away from panama banks (as a long time resident). I know this bank before it become "crypto" and had a few other encounters. Experience on my own was horrendous or worse

Can you please provide a bit more details horrendus in what way I'm just curious?

 

[JackAlabama]

Can you please provide a bit more details horrendus in what way I'm just curious?

endless paper nonsense, asking questions to no end.

 

[SilverNeo]

endless paper nonsense, asking questions to no end.

Tnx for the answer so death by paperwork

 

[Sols]

Towerbank is decent. Hard to comment on your chances of success. It depends on what your business does and what kind of services you need.

But if you're accepted, working with them is largely fine. You'll run into occasional language barrier issues and they ask a lot of questions for wire transfers, which is the case for any Panamanian bank since it's still viewed as a high risk territory.