The Discreet Investor
★Official Towerbank Partner
Panama bank account with Towerbank
A licensed Panamanian bank that speaks crypto: personal accounts opened fully online, and a corporate account whose opening deposit can be made in USDT, USDC, BTC or ETH. US-dollar banking in a territorial-tax country, without flying to Panama City.
We are an official partner of Towerbank
Your application doesn't go in cold — it reaches the bank through an established partner channel, prepared by a team that knows exactly what the bank's compliance expects to see.
The credentials
A real bank in a dollar economy
Licensed in Panama
Holds a general banking licence from the Superintendencia de Bancos de Panamá, the country's banking regulator.
Panama uses the US dollar — no currency layer between you and your money.
Territorial tax
Panama taxes only Panamanian-source income; foreign income stays outside its scope.
Crypto-friendly
A dedicated crypto-friendly account line — rare among licensed banks in the Americas.
8 things a Towerbank account buys
No trip to Panama
The personal account is opened fully online — no branch visit required.
About an hour
The online application itself takes around an hour; the bank's review follows.
US-dollar banking
Hold and move dollars in a dollarised economy, outside the US system's reach on residence.
Same-day wires
International wires sent before 2 pm on a business day arrive the same day.
Cheap online banking
Online banking with a security token costs US$10.70 a year.
A crypto-literate bank
A bank that runs a crypto-friendly line understands where modern wealth comes from.
Territorial tax base
Panama doesn't tax foreign-source income — a clean base for international clients.
Pairs with residency
Combine it with Panama permanent residence for a complete Panama plan.
| Account opening | Fully online |
| Online application | About 1 hour |
| Currency | US dollar |
| Online banking with token | US$10.70 / year |
| International wire (before 2 pm) | Same-day arrival |
| Inactivity | After 6 months with no movement |
| Corporate minimum deposit | US$1,000 (or USDT/USDC/BTC/ETH) |
| Crypto buy / sell spread | 2% (crypto-friendly account) |
Set by and paid directly to the bank, in USD; personal-account minimums are confirmed at quotation.
- Clients who want US-dollar banking outside their home country
- Crypto holders needing a bank that understands them
- Passport and proof of address
- Tax ID from your country and a recent bank statement
- Fully online application
- Bank review and due diligence
Good to know
- Keep the account active
- At least one movement every 6 months
The crypto-friendly corporate account
Towerbank's corporate account is built for companies that hold stablecoins or crypto: the opening deposit can be made in USD or its equivalent in USDT, USDC, BTC or ETH — and the bank states plainly that nationality is no barrier.
- Panamanian companies (S.A.) and foreign companies
- Crypto-native and Web3 businesses
- Articles (pacto social) and Public Registry certificate
- IDs of signatories, directors and officers
Financials
- Financial statements — or a business plan for a new company
- Statements from other banks instead of a reference letter
- Visa B2B, international collections
- Multi-currency payments and API integration
A Panama company and its account
Foreign companies need an apostilled certificate of incumbency and good standing; Panamanian companies need their registry documents in order. We register Panama companies ourselves — so the entity and its Towerbank account are built as one file, with the business plan the bank expects from a new company.
Procedure
Four steps to your Towerbank account
We check eligibility, tax ID and source of funds before the application starts.
Application about 1 hour
The online application, completed with you and checked before submission.
Due diligence days to weeks
The bank reviews the file; for companies, a virtual appointment replaces the trip to Panama.
Online banking and token activated; corporate accounts funded in USD or crypto.
Published, not gated
Our Towerbank fee, in the open
One-off fee, separate from the bank's own package fees.
- Eligibility pre-screening before anything is submitted
- Tax ID, address and bank-statement checklist
- Submission through our official partner channel
- Online application completed with you
- Handling of every due-diligence question
- Support until the account is live and funded
One-off fee, separate from the bank's own business tariffs.
- Pre-screening of the company, its owners and its activity
- Business plan or financial statements prepared for the bank
- Submission through our official partner channel
- Apostilled incumbency and good-standing documents
- Preparation for the virtual appointment
- Support through the first crypto and fiat flows
The honest map
What the Towerbank brochures skip
- Accounts go inactive after six months without a movement
- The 2% spread on crypto buys and sells isn't cheap for frequent trading
- Due diligence is thorough — new companies need a credible business plan
- Personal-account minimums aren't published; we confirm them before you apply
- A licensed bank that accepts crypto as an opening deposit
- Nationality is no barrier to the corporate account
- Remote opening, including a virtual appointment for companies
- Same-day international wires and US-dollar banking
FAQ
The questions that decide Towerbank files
What do you charge? +
€1,799 one-off for a personal account and €2,099 for a business account — covering pre-screening, preparation, submission through our official partner channel and support until the account is live. The bank's own fees and deposits are separate.
Do I need to travel to Panama? +
No. Personal accounts are opened fully online, and corporate accounts can be opened from abroad through a virtual appointment.
Can I really fund it with crypto? +
For the crypto-friendly corporate account, yes: the US$1,000 minimum can be deposited in USD or its equivalent in USDT, USDC, BTC or ETH. Crypto buys and sells carry a 2% spread.
What documents do I need? +
Personal: passport, proof of address, a tax ID from your country and a recent bank statement. Corporate: articles, registry certificate, IDs of officers and signatories, and financial statements or a business plan.
Who regulates the bank? +
Towerbank holds a general banking licence and is supervised by the Superintendencia de Bancos de Panamá.
Does it work with Panama residency? +
Very well. Panama's territorial tax system and our permanent residence programme pair naturally with a local US-dollar account.
Alternatives
Banks to compare with Towerbank
- 5 currencies, US persons accepted
- Multi-currency accounts, trading desk
- Premium cards, lounges, 2–4% interest
Towerbank, opened right the first time — through an official partner.
Free pre-screening of your eligibility before anything is submitted. Reply within one business day.