What is a checking account?

The checking account is a demand deposit, that is, the holder can withdraw his money, in part or in full, at any time, through different channels such as the Internet, dataphones, or ATMs. What sets this product apart is that in addition to issuing a debit card, another means of payment is delivered in the form of paper documents that are used to transfer money from one place to another, the famous  checks.

Benefits of having an account in the Panamanian Financial System

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Natural or Legal Persons

A Natural Person is a human person who exercises rights and fulfills obligations in a personal capacity.

 A Legal Person is a company that exercises its own rights and fulfills its own obligations.

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There is no exchange risk

 Panama by constitutional mandate does not issue paper money and all transactions are made in dollars of the United States of America.

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Savings on your transactions

Panama’s tax regime does not tax the income obtained from transactions outside the territory of the Republic of Panama.

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Tax exempt

Net rates that generate higher returns, since it exempts the interest earned from taxes.

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Legal security

We guarantee full banking secrecy and legal security under Panamanian laws.

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Account's own checkbook

Your checking account has a valid checkbook in the Panamanian bank without restrictions and is cleared by all the Banks of Panama. Your check abroad can be made through Collections by your Local Bank.

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You can request your Debit card

You can request the VISA DEBIT PLATINUM consumer card

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Fund transfers from abroad

We receive your funds transfers originating from any international bank through our correspondent bank.

AUSTROBANK services in your checking account

On-line account statement

This account gives you the benefit of consulting your statement on-line and your VISA PLATINUM DEBIT card

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Make Purchases

You can make purchases with the VISA DEBIT  PLATINUM   card  accepted worldwide

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Use your money anywhere

Dispose of your money in the Visa / Plus ATM network     around the world.

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Enjoy discounts

Receive discounts in commercial establishments nationally and internationally with your VISA DEBIT PLATINUM card  .

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Security in your transactions

Transaction security by sending confirmations via emails.

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Occasional Overdrafts

Occasional overdrafts to solve your immediate needs.

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We are a Bank that offers financial products oriented to the specific needs of our clients, through agile and personalized solutions.

Entity regulated and supervised by the Superintendency of Banks of Panama

FOR YOUR CONFIDENCE AND TRANQUILITY

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