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
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.
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.
Savings on your transactions
Panama’s tax regime does not tax the income obtained from transactions outside the territory of the Republic of Panama.
Net rates that generate higher returns, since it exempts the interest earned from taxes.
We guarantee full banking secrecy and legal security under Panamanian laws.
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.
You can request your Debit card
You can request the VISA DEBIT PLATINUM consumer card
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
You can make purchases with the VISA DEBIT PLATINUM card accepted worldwide
Use your money anywhere
Dispose of your money in the Visa / Plus ATM network around the world.
Receive discounts in commercial establishments nationally and internationally with your VISA DEBIT PLATINUM card .
Security in your transactions
Transaction security by sending confirmations via emails.
Occasional overdrafts to solve your immediate needs.
FOR YOUR CONFIDENCE AND TRANQUILITY
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