Pana: Global Dollar Account

What the Pana dollar account is for

Pana: Global Dollar Account gives you a US dollar bank account that you manage from a phone app, with a debit card attached. The developer presents it for paying for things, receiving money, sending remittances and making international wire transfers, so it covers sending as well as spending. It is aimed at people who want a dollar account but may not have a Social Security number.

Opening an account with ID you already have

The listing says the account takes about two minutes to open, directly in the app, using a passport, a Social Security number, an ITIN or any government-issued ID. Applicants without an SSN can use an ITIN, a passport or one of 150 other official documents the developer lists as accepted. The listing also states that applications are not checked against credit history or immigration status.

Support agents are described as speaking English and Spanish, so applicants can ask questions in either language.

Cards, transfers and receiving payments

The debit card handles payments and purchases, and the same account is used for sending money to other people. The listing also places incoming payments, international wire transfers and remittances under this one account, so the sending and receiving sides sit in the same place.

The listing states there is no minimum balance, no opening deposit, no monthly fees and no overdraft fees.

Loading cash at US retail stores

US customers can deposit cash into their Pana account at more than 100,000 locations across the country. The listing names Walmart, 7-Eleven, Walgreens, ACE Cash Express, Circle K, CVS, Dollar General, Family Dollar, Rite Aid, Safeway and Kroger among them, and says the deposits are instant.