Expatriates with accounts at HSBC Panama are complaining about unexplained high fees and appalling service. One reader closed her HSBC/Banistmo account and explained on an expat bulletin board: “(…) my savings account dropped below $2,500 several months ago and they charged me $10, although they advertise a minimum balance for savings account of $50.
Archive for the Category »Panama Issues «
I am a US citizen living in Panama. I recently learned of a very disturbing lawsuit filed by the multi national banking conglomerate HSBC in Panama - a country where anyone can be criminally prosecuted or civilly sued for defamation even if the statements that are the subject of the suit are absolutely true (truth is not a defense). The suit was filed by HSBC’s Panama branch, which is (I believe) an affiliate of the US corporation, against a British resident of Panama, Peter Gordon.
Category: General Issues, Panama Issues, Watchdog Issues
3 Comments
