We compared 1 companies sending money from the United States to Panama. Regency FX is the best and cheapest, while Regency FX is the fastest.
Sending $7,000 with Regency FX gets your recipient 6,966.78 PAB at 0.9953 PAB per USD.
| 1 of 1 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze USD/PAB exchange rates from our comparisons. | |||
| Based on 7,000 USD transfer Best companies for USD/PAB transfersAll money transfer offers for USD/PAB transfers, sorted by most PAB received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Regency FX Pay via Bank transfer | Fee $0.00 1 USD = 0.9953 PAB +0.27% vs mid-market | Recipient gets PAB 6,966.78 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 USD = 0.9953 PAB PAB 6,966.78You pay$7,000.00 | |||
Run a live search Showing top United States to Panama deals for 7,000 USD. 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 USD 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 USD you're planning to spend in Panama. | |||
Run a live search These are managed services with real human support for large USD 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 USD = 0.9953 PAB +0.27% vs mid-market | Recipient gets PAB 6,966.78 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 USD = 0.9953 PAB PAB 6,966.78You pay$7,000.00 | |||
| How Our Results Work Mid-market rate: 1 USD = 0.997949 PAB Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then Regency FX is the best option.
For large transfers using a broker like Regency FX is the best option.
How much you send will affect the best option for you right now.
You have 1 ways to pay for your transfer to Panama, including bank transfer.
Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).
You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.
I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).
First time round you'll need to confirm who you are.
An SSN isn't required, an ITIN or a foreign passport works with most companies here.
There are 1 companies available for sending money from the US to Panama, across broker, and more.
For transfers over $10,000
For large transfers to Panama (e.g. a property purchase, tuition, or moving to Panama), a broker like Regency FX charges no fee, gives you a dedicated account manager, and adds 0.27% markup on USD/PAB that gets lower the more you send.
Business payments from the US
Global accounts are for US businesses paying people abroad.
Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.
With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 6,966.78 PAB.
Deposit USD by bank transfer.
The simplest way is to pay from your US checking account
Pay by bank transfer using your routing and account numbers.
An ACH payment is usually cheaper than a card, but the it may take some time for it to clear before a money transfer company can send the money to Panama.
Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to Panama.
Your recipient in Panama can collect PAB through bank deposit.
You pay $7,000.00
B/.6,967
Cheapest
The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.
Cheapest way to send money to Panama
The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 6,966.78 PAB, which is 0% more than the next best option.
Fastest way to send money to Panama
The fastest option is Regency FX. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 6,966.78 PAB, with the money arriving in minutes - 24 hours.
Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.
Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.
The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.
There is no federal cap on how much of your own money you can send electronically abroad.
Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.
Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.
Do not split cash transactions to avoid a report.
The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.
You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.
You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.
Contact the company first and keep the receipt.
For transfers over $10,000, Regency FX is the best option.
It offers the best exchange rate, which is more important than the fee for large transfers to Panama.
While Regency FX may not always be the cheapest or fastest way to send PAB, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.
The rate changes how much PAB your recipient gets for your USD. Recent movement gives you a useful benchmark before you send.
Mid-market rate:1 USD = 0.997949 PAB
We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Panama and United States.
We work with leading money transfer companies to provide real time fees and exchange rates.
We also conduct detailed company reviews, combined with in-depth analysis, we can offer the best deals on the market - every time you want to transfer money from United States to Panama.
For a deeper understanding of our commitment to integrity and transparency, check out these articles:
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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