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Best Ways to Send Money to Panama

Ensure fast send times, low fees, the best exchange rates, and helpful customer support on money transfers to Panama.

Continue reading for reviews, expert advice, and essentials for transfers to Panama.

Jonathan Merry
Author 
Jonathan Merry
3 minutes
November 22nd, 2023
Disclosure
Recommended Provider
9.2
Wise

Wise is our recommended provider for sending money to Panama. This is based on having the best rates, fees and transfer times.

Compare rates and fees for sending money to Panama

There are multiple ways to easily send and receive money in Panama but these will largely depend on the provider you decide to use.

What’s the Fastest Way to Send Money to Panama?

The fastest way to send money to Panama is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Panamanian destination in a matter of minutes. The fast option offered by Ria Money Transfer is somewhat expensive, but it is the fastest option. Most of the more expensive options are also much, much slower when it comes to waiting times. In the end, Ria Money Transfer’s fast option is the fastest option and is a well-rounded option, too.

What’s the Cheapest Way to Send Money to Panama?

The cheapest way to send money to Panama is through Ria Money Transfer’s slow option. With Ria Money Transfer’s slow option, the hidden currency conversion costs are very low and the upfront costs are even lower. The result is a very cheap option for sending money to Panama.

Unlike Ria Money Transfer’s fast option, their slow option does take a long time to complete transfers. With the slow option, you can expect your money to reach its Panamanian destination in 3-5 business days.

What’s the Easiest Way to Send Money to Panama?

The easiest way to send money to Panama is through Wise or Dolex Money Transfers. Wise makes it easy to send money through their simple three-step process after you set your account up. First, you need to tap the amount of money you want to send. After that, just tap in the destination. After you have done that and paid Wise for the transaction, your money should arrive in Panama in a day or two.

What’s the Overall Best Way to Send Money to Panama?

The overall best way to send money to Panama is through Ria Money Transfer. We’d recommend you take advantage of their fast option in order to achieve the fastest transaction times when you need to. On the flipside, their slower option offers amazing rates so you can take advantage of both of these options when it suits you. In either case, Ria Money Transfer is the overall best way to send money to Panama.

The USD to PAB exchange rate

Mid-market Rate
1
= 0.999895 PAB
Mid-market rate at: 16:49 UTC
USD/PAB Median: 1.000069 Low: 0.999781 High: 1.000321
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Contributors

Jonathan Merry
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com