Firsthand Update on Panama Bank HolidaySubmitted by JO4RP on Sat, 09/28/2013 - 14:22
This morning the National Bank of Panama announced that it was suspending all services until Tuesday the 1st of October. The National Bank of Panama claims that the reason for the 5 day bank holiday is to upgrade systems.
The Clave (Debit Card) system has been taken offline. No wire transfers between banks and internationally until the 1st of October.
This system wide shutdown has country wide implications. The National Bank of Panama did not warn the people before making the announcement and shutting down the banks. The people do not have access to ATM’s either. We received word of this from family members first. This weekend is payday for people across Panama.
In the wake of yesterday’s breaking news that the Bank of Panama has closed for 5 days for a Bank Holiday, we reached out to SD reader PK, an ex-pat living in Panama for a boots-on-the-ground report on the Bank Holiday.