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Panamanian bank account

How to properly link an account in national currency

Updated over 5 months ago

Before linking an account, make sure that your account is verified and tax information is added. Freelancer's personal data is a mandatory requirement for transfers to a Panamanian bank account.

  • To check the verification status or start account verification, go to Profile page by clicking to your name in the Menu.

  • To enter tax information use the instructions below.

Linking a national currency account

To link a Panamanian bank account, go to Finances, select Payment methods, and click Bank account.

Important! The freelancer's name, taxpayer ID, and residential address must match those of the account's beneficiary. The bank account must be denominated in the national currency. Bank Accounts in other currencies cannot be used for payments.

An SMS with a confirmation code will be sent to your phone. After you enter the code, select your bank and provide the bank account details:

  • Choose your bank in the Bank drop-down menu. The list of supported banks see in the table below.

  • Select the Account Type: Checking or Savings account

  • Fill in the Bank account number.

  • Click the check box to agree to the Terms of Use and the Privacy Policy.

  • Save your account details by clicking Link.

Depending on the freelancer’s tax status, transfers to a Panamanian bank account can be a subject to tax withholding. That means making payments to a Panamanian bank account requires tax information.

Adding Tax Information

  • In your account, go to Finances and select the tab Tax information

  • Click Document type and select your document type. If you have passed verification with one of these documents, then choose that one:

    • RUC - Registro Único de Contribuyentes. Please note that a legal entity's (company's) RN number cannot be used for payouts.

    • CE - Cédula de extranjería

    • PASS - Passport

  • Enter the document number of the chosen document under the Document number or code:

    • RUC: between 7 - 15 characters. Please note that a legal entity's (company's) RN number cannot be used for payouts.

    • CE, PASS: between 7 - 12 characters.

  • Carefully review the data and press Enter tax information.

List of supported Panamanian banks

Bank Name

ALLBANK

ATLAS BANK

BAC INTERNATIONAL BANK

BALBOA BANK & TRUST

BANCO ALIADO

BANCO AZTECA

BANCO DEL PACÍFICO

BANCO DELTA

BANCO FICOHSA

BANCO GENERAL

BANCO LAFISE

BANCO NACIONAL DE PANAMA

BANCO PANAMA

BANCO PICHINCHA PANAMA

BANCOLOMBIA

BANESCO

BANISI

BANISTMO S.A.

BANK OF CHINA

BANVIVIENDA

BBP BANK

BCT BANK INTERNATIONAL

BI-BANK

BICSA

CACECHI

CAJA DE AHORROS

CANAL BANK

CAPITAL BANK

CITIBANK

COEDUCO

COOESAN

COOPEDUC

COOPERATIVA CRISTOBAL

COOPERATIVA PROFESIONALES

COOPEVE

COOPRAC, R.L.

CREDICORP BANK

DAVIVIENDA

ECASESO

EDIOACC

FPB BANK

G&T CONTINENTAL

GLOBAL BANK

MERCANTIL BANK

METROBANK

MMG BANK

MULTIBANK

PRIVAL BANK

PRODUBANK

SCOTIABANK

ST. GEORGES BANK

TOWERBANK

UNI BANK & TRUST, INC.

Still have questions? Contact our support team via online chat or email us at [email protected].

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