BICSA Plus Deposits
BICSA Plus Deposits
A term Deposit at preferential rate, where the customer can increase, reduce or cancel the deposit. Interest will be reflected on the statement on a monthly basis.
The request for cancellation/decrease must be made 30 days in advance. After term ends, cancelation or amount reductions are credited to the current account and/or the funds are sent according to the client’s request.
Additionally, the customer does not need to request the renewal monthly since it is automatically renewed.
Conditions
- Applies only to the Panama office
- Minimum Opening Amount: $150,000.00
Benefits
- Preferential interest rates.
- No instruction required as it automatically renews every 30 days.
- Allows increases at any time benefiting from the preferential interest rate.
- Online information available 24 hours a day.
- At maturity the customer can request transfer of funds or credit to their account
Requirements
- Articles of incorporation of the company and all the amendments made
- Current legal status
- Power of Attorney (if applicable)
- A valid identification of each of the dignitaries, owners and signatories
- Two bank references addressed to Banco Internacional de Costa Rica S.A
- Financial statements
- Last electrical or telephone bill
- Bank forms
Further information
To obtain further information on BICSA Plus Deposits – Corporate Banking, write us at this email and one of our executives will communicate with you.
Term Deposits in Foreign Currency
Term Deposits in Foreign Currency
At BICSA we offer you the option to diversify your portfolio with term deposits in foreign currency at competitive rates in the following currencies:
- Euros
Conditions
- Applies only to the Panama office
- Minimum opening amount: US$100,000.00
- Terms from 6 months to 3 years
- Interest paid at maturity of the deposit
- Collateral loans on deposits are not allowed Quotes will be subject to change
Benefits
- Access to your account to make inquiries and transfers via our Online Banking 24 hours a day and from anywhere in the world.
Requirements
- Articles of incorporation of the company and all the amendments made
- Current legal status
- Power of Attorney (if applicable)
- A valid identification of each of the dignitaries, owners and signatories
- Two bank references addressed to Banco Internacional de Costa Rica S.A
- Financial statements
- Last electricity or telephone Bill
- Bank forms
For Private Investment Company, the following requirements should be considered additional:
- Private Investment Company Regulations and amendments (if applicable)
- Legible copy of one (1) valid identification of the founders and beneficiaries of the Private Investment Company: Foreigners – passport / Panamanians – identity card
- Declaration of income or assets
Further information
To obtain further information on Term Deposits in Foreign Currency – Corporate Banking, write us at this email and one of our executives will communicate with you.
At Call Deposits
At Call Deposits
At Call Deposits for those customers who need to keep short term liquidity , now are able to obtain an attractive interest rate on said funds.
This Product allows the customer to increase, decrease , or cancel as needed. . Interest is payable on a monthly basis.
Conditions
- Applies only to the Panama office
- Minimum Opening Amount: $100,000.00
Benefits
- Support from a banking institution with attractive rates and financial soundness.
- Access to your account to make inquiries and transfers via our Online Banking 24 hours a day and from anywhere in the world.
- Availability of funds immediately.
- Attractive yields
Requeriments
- Articles of incorporation of the company and all the amendments made
- Current legal status
- Power of Attorney (if applicable)
- A valid identification of each of the dignitaries, owners and signatories
- Two bank references addressed to Banco Internacional de Costa Rica S.A
- Financial statements
- Last electrical or telephone Bill
- Bank forms
For Private Investment Company, the following requirements are considered:
- Company Regulations and amendments (if aplicable)
- Legible copy of one (1) valid identification of the founders and beneficiaries of the Private Investment Company: Foreigners – passports / Panamanians – identity card
- Declaration of income or assets
Further information
To obtain further information on At Call Deposits – Corporate Banking, write us at this email and one of our executives will communicate with you.
Regular Fixed-Term Deposits
Regular Fixed-Term Deposits
Our clients can invest their capital in a safe and reliable way and obtain attractive rates by opening a fixed term deposit by investing capital for a set period.
Conditions
- Minimum opening amount $10,000.00
- Terms from 30 days to 5 years
- Interest rate according to the term
Benefits
- Support from a banking institution with the highest financial soundness
- Access to your account for inquiries and transfers through our Online Banking 24 hours a day and from anywhere in the world
- Availability to use your term deposit as collateral for bank credits
- Attractive yields
Requirements
- Articles of incorporation of the company and all the amendments made
- Current legal status
- Power of Attorney (if applicable)
- A valid identification of each of the dignitaries, owners and signatories.
- Two bank references addressed to Banco Internacional de Costa Rica S.A
- Financial statements
- Last electrical or telephone bill
- Bank forms
For Private Investment Company, the following additional requirements should be considered:
- Private Investment Company Regulations and amendments, if applicable
- Legible copy of one (1) valid identification of the founders and beneficiaries of the Private Investment Company: Foreigners – passport / Panamanians – identity card
- Declaration of income or assets
Fees for Regular Fixed-Term Deposit Placements
| Term | Rate |
|---|---|
| 30 days | 0.50 |
| 60 days | 1.00 |
| 90 days | 1.50 |
| 180 days | 2.00 |
| 1 year | 3.00 |
| 2 years | 3.25 |
| 3 years | 3.75 |
| 4 years | 4.00 |
| 5 años | 4.50 |
* Reference Rates. Subject to change due to market conditions.
Further information
To obtain further information on Regular Fixed-Term Deposits – Corporate Banking, write us at this email and one of our executives will communicate with you.
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