Cash Deposits

For all PanAmerica Accounts, funds must be available before trading the account.

Please submit original documents for processing to PanAmerica Capital Group's offices.

Definition of Business Days

  • Panamanian and U.S. Holidays are NOT considered business days.
  • Half-Day Holidays are NOT considered business days.
  • A business day is any day from Monday through Friday.

U.S. Checks

  • Only U.S. Dollar checks are allowed at COR Clearing.
  • Checks drawn from U.S. banks or financial institutions.
  • Checks must be payable to PanAmerica Capital Group, Inc. COR CLEARING, please add in the Memo field your acct number at COR Clearing.
  • Compliance requires explanation of the sender, if funds are NOT coming from an account in the name of the Client.
  • Checks received by Operations before 2:00 p.m. EST will be sent for deposit on the same day. Otherwise, they will be sent for deposit the next business day.
  • Funds will be available approximately within seven (7) business days.

Wire Transfers

  • US Dollar and Canadian Dollar wire transfers are allowed.
  • Compliance Department requires source of funds explanation.

Unacceptable Deposits

  • Cash, money orders, and travelers checks.
  • Thrift withdrawal orders.
  • Checks with a double endorsement.
  • Checks returned by the bank for insufficient funds will not be re-deposited. These checks must be replaced by either wire funds or certified checks.