Bank Statement for the Panama Pensionado Visa
Panama's pensionado program grants permanent residency to retirees with a guaranteed lifetime pension of at least USD 1,000 per month. The pension letter is the headline document, but immigration also weighs bank statements showing the pension actually arriving month after month. Here is how to build a file that clears review the first time.
Key Benefits
- Corroborates your pension letter with actual monthly deposits
- Documents the reduced USD 750 threshold when buying property
- Shows additional income for dependents' add-on requirements
- Provides apostille-ready financial evidence for your attorney
How It Works
- Step 1: Obtain your pension certification letter from the paying institution, apostilled
- Step 2: Download 6 to 12 months of statements showing the pension deposits
- Step 3: Convert them to Excel with Bank Statement Converter and highlight each pension credit
- Step 4: Deliver the letter and statement file to your Panamanian attorney for filing
Frequently Asked Questions
- How much pension income does the pensionado visa require?
- USD 1,000 per month for life from a government or private pension, or USD 750 if you also buy Panamanian property worth at least USD 100,000. Add USD 250 per dependent.
- Do bank statements replace the pension letter?
- No — the certified pension letter is mandatory. Statements showing the deposits arriving strengthen the file and resolve any doubts about the pension's reality.
- Does Social Security count?
- Yes. US Social Security and comparable national pensions qualify, documented through the award letter and your deposit history.
- Is pensionado residency permanent?
- Yes — approved pensionados receive permanent residency, plus Panama's well-known retiree discounts on healthcare, travel, and utilities.
Convert Your Pensionado Statements