Towerbank International in Panama?

[janissary]

Surprised that it hasn't featured here, but saw a lot of discussion on Twitter about Towerbank International in Panama for digital nomads and crypto individuals.

Anyone had experience with it?

 

[Clank]

Do you work or are related to them?

I wasn’t able to find any kind of discussion about this bank anywhere.

 

[Sols]

https://www.offshorecorptalk.com/threads/crypto-friendly-bank-in-panama-towerbank.41916/
https://www.towerbank.com/en/ikigii
Opening the account is relatively easy compared to how account opening tends to be in Panama. They have improved the product since that earlier thread. It was initially limited to residents and rather low limits. I don't know any VIP clients with large turnover using the account, but from what I've heard it seems fine. It hasn't been quite the massive success they had hoped for, though.

 

[janissary]

Do you work or are related to them?

I wasn’t able to find any kind of discussion about this bank anywhere.

No relation, just trying to find out whether it's any good.

 

[alain]

What's your thoughts about this bank, good or no go ? 6 figures to deposit

 

[JackAlabama]

I wouldn't bank voluntarily in Panama even if Id got paid (Im a long time resident).

 

[Clank]

What's your thoughts about this bank, good or no go ? 6 figures to deposit

I just spoke today with them, for 6 figures I would look for a better bank. This bank is thought for South American countries that need to move their savings to USD because inflation. They don’t offer any investment services, private banking or any kind of perks for high balance accounts.

 

[gyorgy]

I tried to open account for panamian co, simple holding, no shady anything and was declined. Eve though I used an intorducer

 

[EliasIT]

https://www.offshorecorptalk.com/threads/crypto-friendly-bank-in-panama-towerbank.41916/
https://www.towerbank.com/en/ikigii
Opening the account is relatively easy compared to how account opening tends to be in Panama. They have improved the product since that earlier thread. It was initially limited to residents and rather low limits. I don't know any VIP clients with large turnover using the account, but from what I've heard it seems fine. It hasn't been quite the massive success they had hoped for, though.

Is it still a bank you would trust for larger sums and daily use for your business, or would you not recommend them for that kind of purpose?