Checking Account for business

Right for you if: 

  • You need immediate access to funds without the need to carry cash

  • You handle deposits and withdrawals via check

    With Scotiabank's Checking Account for business you can enjoy immediate access to funds and make deposits and withdrawals by check at your convenience, eliminating the risk of carrying cash.

    Checking Accounts are managed with a checkbook (each containing 50 checks). Checks written and used during the month will incur a cost of $0.10 each for taxes and will appear on your monthly account statement. Your account statement is issued monthly and sent to your post office box. If you don't have a post office box, we offer a retention service at a monthly cost of $10.

  • Minimum opening amount and minimum balance of $600*, once the company's financial statements have been verified

  • Detailed monthly statements with full transaction history

  • Manage your money with checks

  • Unlimited withdrawals throughout the month 

  • Requirements for opening a Checking Account for business:
  • Copy of the Article of Incorporation and copy of the Single Tax

  • Two (2) forms of personal ID of the managers, signers, and shareholders (both with photo)

  • Three (3) of the corporation's and shareholders' banking references

  • The signed consent of the APC

  • Checking Account for business contract

  • Ready to Apply?

    In Person

    Visit your nearest Scotiabank branch

    By Phone from Panama City

    Speak to one of our specialists by calling

    (507) 215-5491
    By Phone from Panama City

    Speak to one of our specialists by calling

    (507) 215-5458
    By Phone from the city of David, Province of Chiriqui

    Speak to one of our specialists by calling

    (507) 777-6500