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Difference between a personal and business account
Difference between a personal and business account
Ahiezer Domínguez avatar
Written by Ahiezer Domínguez
Updated over 9 months ago

Personal Account: These accounts can process a maximum monthly amount of $3,000, it is not necessary an operations permit, the liquidations of the funds can only be made in a bank account of a local bank (Panama), the necessary document for its opening is:

  • Identification Document

Business Account (Legal): it is an account created to be used on behalf of a company or association, these are authorized to process more than $3,000 and must have several requirements demanded by PagueloFacil's policies. The necessary documents are:

  • Identification Document of the Legal Representative

  • Social Pact

  • Operation Permit

  • Service Invoice

  • Bank Letter

  • APC Authorization

  • APC Verification

These documents can only be entered into your Live account.

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