Cash Withdrawals

Please fax signed corresponding Letter of Authorization to process instructions and confirm instructions by telephone to PanAmerica Capital Group's offices.

The signature on the Letter of Authorization must match with the signature on all forms.

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.

PanAmerica Checks - to Clients

  • Only U.S. Dollar checks are issued.
  • Only checks from Panamanian or U.S. banks are issued.
  • Client must sign and submit a Letter of Authorization.
  • LOA received by Operations before 12:00 p.m. EST will be processed the same day. Otherwise, they will be processed the next business day.
  • Approved Third Party requests:
    • Related party in the account: Beneficial Owner.
    • Registered Agent / Lawyers: copy of invoice is suggested.
    • Private Placement: copy of Subscription Agreement is required.
    • Other: Provide reason and relationship with payee. Subject to rejection.

PanAmerica Wire Transfer - to Clients

  • Client must sign and submit a Letter of Authorization.
  • Checks are only issued every Friday. LOAs received by Operations Department by Tuesday will be processed that week. Otherwise, they will be processed the following week.
  • Approved Third Party requests:
    • Related party in the account: Beneficial Owner.
    • Registered Agent / Lawyers: copy of invoice is suggested.
    • Private Placement: copy of Subscription Agreement is required.
    • Other: Provide reason and relationship with payee. Subject to rejection.

Journals Between PanAmerica Accounts:

  • Client must sign and submit a Letter of Authorization.
  • LOA received by Operations before 12:00 p.m. EST will be processed the same day. Otherwise, they will be processed the next business day.
  • Approved Third Party requests:
    • Related party in the account: Beneficial Owner.
    • Registered Agent / Lawyers: copy of invoice is suggested.
    • Private Placement: copy of Subscription Agreement is required.
    • Other: Provide reason and relationship with payee. Subject to rejection.