Banking

So banking in Panama is fun! Our AMIGOS project needs to open a bank account in Panama so we can run our programs through money wired from the US.

You need:

• Several letters of reference from banks in the US and in Panama. These must be signed originals.
• To have life insurance in Panama through the bank itself. Yes, I am the proud owner of life insurance in Panama! We signed lots of forms and even had to name beneficiaries. This means that my brother is now a beneficiary to all of the money in our account if both Ryan (my Project Director) and I die crossing the Panamericana highway.
• Two forms of ID
• The phone numbers and addresses of personal and commercial references in the US and Panama

We are still waiting on one bank reference for Ryan, but by this Saturday we will officially (cross your fingers!) have a Panamanian bank account. Yahoo! First task, down.