Panama Relocation Tours Releases a New Article, Wiring Money Into and Out of Panama Banks

New York, NY, May 25, 2016 --(PR.com)-- Panama Relocation Tours, Inc., the only tour company in Panama that offers tours that focus on retirement and relocation planning, is delighted to announce that its newest article, “Wiring Money Into and Out of Panama Banks”, is now posted on their official website. The company released this article as a response to recent news that wiring money to and from Panama banks is no longer possible.

According to Jackie Lange, the author of the article and Panama Relocation Tours’ general manager, she and her friends wire money to and from Panama banks all the time and they haven’t experienced any problems so far. Their transactions involve different banks in Panama. Jackie says that wires before noon usually arrive on the same day that they were sent. On the other hand, wires after 12:00 noon arrive within 24 hours. Fund transfers can also be done through online banking.

“I’m not sure where these reports came from but I wrote the article to let everyone know that sending and receiving money through a Panama bank has never been a problem”, says Jackie. “I and my friends do this at least once a month and our transactions always come through. Otherwise, we won’t be doing it for obvious reasons.”

When asked why she thinks these false reports are being circulated, Jackie says this. “The real reason for the false reports, according to my attorney in Panama, is that other companies (and countries) are hoping to create fear so they can steal business from Panama banks and law firms after the Panama Papers scandal broke.”

Jackie states that the Panama papers scandal was different. “The Panama Papers are an unprecedented leak of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca based in Panama but with offices in more than 40 countries. They set up offshore entities all over the world.”

Jackie’s article also states that there is one Panama bank that cannot transfer or receive wires and that is the Balboa Bank & Trust, Corp. This bank has also put on hold any deposits and withdrawals effective May 5, 2016. Details can be found on the Balboa bank website.

The article, “Wiring Money Into and Out of Panama Banks” can be viewed in full at the official website of the Panama Relocation Tours. The article gives the assurance that wiring money to and from Panama banks is very much possible. It also offers some insights on how to handle offshore funds. The article is an educational read for people who are considering travelling or moving to Panama.

About Panama Relocation Tours, Inc.

Panama Relocation Tours, Inc. was founded by Jackie Lange, an American real estate investor who moved to Panama in 2010. The company was the proponent of the one of a kind Panama tours designed for relocation and retirement planning. Jackie fell in love with Panama’s inexpensive yet comfortable way of life. She is passionate about helping people make a well-informed decision about moving to Panama. Jackie’s Panama tours offer an objective, informative view of real Panama living.