We’ve compared 2 companies, and found Regency FX to be the cheapest, while Revolut the fastest.
Sending £6,000 gets you B/.7,937.72 with Regency FX at 1.3230 rupees per pound, about 3.02% more than the next best option.
| 2 of 2 providers Last updated on 28 September 2026 | |||
| Based on 6,000 GBP transfer Best companies for GBP/PAB transfers | |||
| Promoted  Regency FX Pay via Bank transfer | Fee £0.00 1 GBP = 1.3230 PAB +0.27% vs mid-market | Recipient gets PAB 7,937.72 Minutes - 24 hours | |
Ways to receive money in Panama with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1.3230 PAB PAB 7,937.72You pay£6,000.00 | |||
Run a live search Showing top United Kingdom to Panama deals for 6,000 GBP. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live GBP to PAB rates. | |||
Run a live search These companies offer multi-currency accounts for spending PAB. We suggest doing a live search based on how much GBP you're planning to spend in Panama. | |||
Run a live search These are managed services with real human support for large GBP transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: First Transfer Deal Regency FX Pay via Bank transfer | Fee £0.00 1 GBP = 1.3230 PAB +0.27% vs mid-market | Recipient gets PAB 7,937.72 Minutes - 24 hours | |
Ways to receive money in Panama with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 GBP = 1.3230 PAB PAB 7,937.72You pay£6,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Debit card | Fee £188.00 1 GBP = 1.3246 PAB +0.15% vs mid-market | Recipient gets PAB 7,698.32 Within minutes | |
Ways to receive money in Panama with Revolut when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes £188.001 GBP = 1.3246 PAB PAB 7,698.32You pay£6,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| How Our Results Work Mid-market rate: 1 GBP = 1.3265 PAB Updates every 60 minutes. | |||
Transfer details
For a one-off transfer to Panama, I suggest picking the cheapest option which is Regency FX.
On a 6,000 GBP transfer, Regency FX delivers the most PAB.
The best option will change depending on how much you actually send, so I suggest to get the best GBP/PAB rate.
You have 2 ways to pay, including bank transfer and debit card.
Paying from your bank is usually both cheapest and quickest, since most companies connect straight into your banking app via Open Banking.
Anywhere a debit card works, Apple Pay and Google Pay usually do too.
First time round you'll need to confirm your name, date of birth, address and a photo ID.
On £6,000 transfer it's normally instant but can take a couple hours.
How much GBP you send to Panama heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
| Cheapest service | |||||
|---|---|---|---|---|---|
| £500 | 0.76% | £0.00 | PAB 658.43with debit card to bank deposit | +PAB 10.94 | |
| £1,000 | 0.64% | £16.00 | PAB 1,295.24with credit card to bank deposit | +PAB 1.26 | |
| £2,000 | 0.17% | £56.00 | PAB 2,570.82with debit card to bank deposit | PAB 0.00 | |
| £6,000This page | 0.27% | £0.00 | PAB 7,937.72with bank transfer to bank deposit | +PAB 119.70 | |
| £250,000 | 0.20% | £0.00 | PAB 330,280.61with bank transfer to bank deposit | +PAB 5,293.86 |
Mid-market rate: 1 GBP = 1.3265 PAB
There are many ways to send money to Panama from the UK, including broker, app, multi-currency account, and global account, and more.
For small & frequent transfers
If you send small amounts back home to Panama, say weekly or monthly, an app like Revolut is the easiest and cheapest way to do it.
It charges £188 in fees, has 0.15% markup, lets you save recipient details, and PAB will arrive in minutes.
For large transfers
Currency brokers like Regency FX are the best for £10,000+ transfers (things like house deposits, education fees, relocation, etc.).
You get a dedicated account manager to handle your transfer to Panama, and 24/7 support.
Regency FX charges no fees on large transfers, but adds 0.27% markup on top of the current GBP/PAB rate.
The markup gets better the more GBP you send, so we suggest .
For spending and receiving
Multi-currency accounts let you hold and spend Balboa abroad like a local.
Revolut offers the best multi-currency account.
With it, converting £6,000 to PAB will get you B/.7,698.32 after fees.
If you don’t have PAB in your account, your GBP will auto-convert whenever you pay with Revolut in Panama.
Once you have PAB in the account, there are no extra fees from Revolut for spending or holding it (local ATM charges may still apply).
For business transfers
Global accounts are for UK businesses making payments overseas.
For suppliers, freelancers, salaries, or invoices in Panama, companies like Airwallex, WorldFirst, or Payoneer handle batch and recurring payments a consumer app simply can’t.
Pay-in and pay-out methods will affect how much GBP you deposit and how much PAB your recipient gets. Use the table below to see how different options change how much you pay and what they get.
The overall best and cheapest way to send £6,000 to Panama is via Regency FX, using a bank transfer to deposit GBP and bank deposit to receive PAB.
You have 2 pay-in options for transfers to Panama, including bank transfer and debit card.
The cheapest pay-in option is bank transfer.
The fastest option in the UK is almost always bank transfer, since most companies use Open Banking and Faster Payments System (FPS).
The most expensive deposit option is debit card.
Be careful with credit card deposits, since your bank often treats it as a cash advance and will charge interest.
Money can reach Panama by bank deposit, and each delivery method comes with its own fees.
The cheapest way to receive money in Panama is with bank deposit on average.
Digital wallets
Your recipient can receive PAB directly into a digital wallet (like PayPal) which usually takes a few minutes to arrive.
You pay £6,000.00
B/.7,938
Cheapest
You pay £6,000.00
B/.7,698
-B/.239
There are a few nuances you should consider before sending GBP to Panama such as limits, taxes, and safety.
Right now, these are the best money transfer options for £6,000 transfer to Panama:
Cheapest way to send money to Panama
The cheapest way is to use Regency FX, pay in with a bank transfer and withdraw via bank deposit. You will get B/.7,937.72, which is 3.02% more than the next best option.
Fastest way to send money to Panama
The fastest way is to use Revolut via debit card deposit and bank deposit for pay out. You get B/.7,698.32 and it will arrive in within minutes.
There is no legal limit and no tax on sending your own money abroad.
Main hard limits come from your bank or money transfer company, often around £10,000 to £25,000 online (which you can usually increase in the app).
Also, the "£10,000 declaration" only applies to physically carrying cash through the border, not online transfers.
And on bigger GBP/PAB transfers (roughly £10,000 up) expect a source-of-funds check, such as a payslip or a statement.
That's anti-money-laundering checks, but it holds transfers up, so be prepared.
Your cost is the fee plus the exchange-rate margin.
For example, sending B/.7,937.72 with Regency FX will get you 7,937.72 PAB, that’s including £0 fee and 0.27% in exchange rate markup.
A bank like on the other hand, will get you B/.0, that’s £ in fees but % in FX fees.
There is no UK tax for the act of sending money to Panama.
And, regular gifts out of your normal income are free of inheritance tax straight away, no cap and no seven-year wait.
Only ever use a provider authorised by the FCA, which you can check on the FCA register in under a minute.
The rules in place for any scams cover domestic pound transfers only, on a transfer abroad you're less protected.
Always confirm who you're really sending to before you send, because there's little recourse after.
For more information, check our guide to money transfer regulations in the UK.
The exchange rate you secure impacts how much PAB you get for your GBP, so waiting a day or two can get you more Balboa.
Mid-market rate:1 GBP = 1.325723 PAB
We track 2 regulated companies offering money transfers from the UK to Panama in real time.
We analyse the fees, exchange rates, deposit/withdrawal methods, and each goes through our internal review.
Most GBP/PAB pricing data comes directly from the providers. We collect the rest manually, run it through our comparison engine and label it in the table.
More on how we work:
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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