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What are the Bank Deposit requirements in Panama?

Bank Deposits are available to Citi (formerly Banco Uno). Funds can be deposited into U.S. Dollar (USD) accounts and transactions take an average of 2 hours to be deposited to your beneficiary's account.

Bank Deposit Requirements
In order for your bank deposit to be processed in a timely manner, please make sure you provide all information needed for the transfer.

  • Transactions are only available for Banco Uno. Please make sure your recipient has an account on this bank.
  • The correct currency of your beneficiary's bank account (USD). Transactions sent with wrong currency cannot be completed and will be canceled.
  • Provide the correct Account Number
  • The entire name of your recipient as it appears on the recipient's Bank Account (including the paternal and maternal name accordingly).
  • Complete address, including the City and the Department.
  • A valid phone number (city code+domestic number).
Please do not use any dashes or special characters while filling out this information.

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