How to send money to Panama from Australia with the best AUD-PAB rate

Comparing based on your specific needs is the best way to send money from Australia to Panama with confidence.

Right now, for AUD/PAB

• Regency FX is our top choice for AUD to PAB transfers. Sending 12,000 AUD to PAB will cost you $0 in fees, and you will receive 8,446.59 PAB. The delivery time usually is 6-12 hours.

• Regency FX offers the lowest fees of the 1 available options. This cost combines the exchange rate between the Australian Dollar and Balboa that is 0.27% different to the mid-market rate and the fee of 0 AUD.

• Fastest way to transfer money to Panama from Australia is with Regency FX. For example, sending $12,000 to Panama with Regency FX will be 6-12 hours. But, it can be quicker or longer depending on the exact amount, as well as the day and time of your transfer.

Our analysis, and search results, include 1 providers that operate between Australia and Panama. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in Australia when you need to send money to Panama.

The exchange rate determines the price you’ll pay for Balboa when you send Australian Dollar to Panama.

The current exchange rate between the Australian Dollar and Balboa is 0.7056, but it constantly changes.

When calculating the costs of money transfers between Australia and Panama, opt for the best combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: Today, the AUD-PAB mid-market rate equals 0.7056 PAB per Australian Dollar.

• Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Regency FX, only 0 AUD. We would recommend searching for your exact send amount to get an idea of fees.

• Amount Received: The amount received in Balboa is the biggest indicator the total cost of sending money from Australia to Panama. Essentially, the more the recipient receives in Panama, the less it is costing to send from Australia.

It’s possible that waiting a day or two can help you get more PAB for the same amount of Australian Dollar. But, the best way to lock in a price between Australia and Panama is by using a forward contract.

A bank transfer is the our recommended option for money transfers between Australia and Panama.

Here are all the ways to send money from Australia to Panama:

Bank transfers

Paying via a bank transfer is often the better option for sending money from Australia to Panama.

By using a money transfer company such as Regency FX for transfers from Australia to Panama, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from Australia to Panama with a debit or a prepaid card is easy with .


is a one of the better options in the market for international debit card transfers from Australia to Panama.

Credit cards

When it comes to credit card transfers from Australia to Panama, we recommend comparing your options to get the best deal.

Always choose providers that are regulated by financial authorities in both Australia and Panama to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Australia and Panama.

Some services have minimum or maximum thresholds on how much you can transfer from Australia to Panama.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Regency FX if you need to send large amounts of AUD to Panama. The combination of rates and fees when sending to Panama is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Australia, or entering Panama. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Panama. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Australia to Panama will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Australia into Balboa. Regency FX is the best company for bank transfers between Australia and Panama.

And if you need cash right away, check if cash pickup is an option for transfers between Australia and Panama.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Regency FX.

When signing up to a money transfer company to send between Australia and Panama, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Australia this will be a government ID like a passport or driver's license. In Panama it will be a similar set of documents, although this should only be needed if you are opening a new account in Panama, or collecting in cash.

Big transactions between Australia and Panama, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Regency FX in part due to their easy sign up process in Australia.

When sending large amounts of money between Australia and Panama there will be tax implications to consider.

Some transfers into Balboa may need to be reported to tax authorities in Panama, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Panama based on age, income and a few other elements. When in doubt, please contact a tax professional in Australia or Panama to discuss your personal circumstances.