Bank Account Number
Panama does not use IBANs or standardized routing numbers. Domestic and international transfers rely on SWIFT/BIC codes to identify banks, combined with the beneficiary account number. The Superintendencia de Bancos de Panamá (SBP) oversees the banking sector.
At a glance
Country
Panama
Identifier
SWIFT
Format
SWIFT code + account number
Used for
Domestic transfers
Format breakdown
BNPA
Bank Code
1–4
SWIFT bank identifier
PA
Country Code
5–6
ISO country code for Panama
PA
Location Code
7–8
City/location identifier
XXX
Branch Code
9–11
Branch identifier (optional, XXX = head office)
How SWIFT works
Each bank is identified by an 8- or 11-character SWIFT code. Domestic transfers use the ACH system operated by Telered, while international transfers route through the SWIFT network. Panama is a major international banking hub with strict bank secrecy laws.
Where to find yours
Your SWIFT code and account number are available in your online banking portal, on your bank statement, or by contacting your branch directly.
Payment systems in Panama
| System | Speed | Description |
|---|---|---|
| ACH Telered | Same day | Panama's domestic automated clearing house for interbank transfers |
| SWIFT | 1–3 business days | International wire transfers via the SWIFT global network |
| Telered Transfers | Same day | Real-time interbank transfers within the Telered network |
Major banks in Panama
Good to know
Panama uses USD as legal tender, so there is no currency conversion for USD-denominated transfers.
Always include the SWIFT code and full account number for international transfers — there is no IBAN system.
Banco General is the largest private bank in Panama by assets.
Related tools
Other countries
Frequently asked questions
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