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Overall best choice: WorldRemit
We tested & reviewed dozens of money transfer providers, and WorldRemit scored highly.
WorldRemit appeared in 50% of United Kingdom to Panama searches, and was the top rated company out of 4 that support GBP to PAB.
So for a great mix of cost, speed & features, make your United Kingdom to Panama transfer using WorldRemit.
How to get the best deal on your United Kingdom to Panama transfer
Summary of recent searches
Important things to consider before sending money from United Kingdom to Panama
Don't settle for the first option. Always compare ways to send money from United Kingdom to Panama to find out about fees, speed, and reliability.
Our analysis included 4 providers that operate between United Kingdom and Panama.
Through this, you get a comprehensive view of all the options you have in United Kingdom when you need to send money to Panama.
Cheapest way to send money to Panama from United Kingdom: WorldRemit
Data collected over the past six months shows that WorldRemit is 18.2% cheaper than the second-best option.
The £2.99 transfer cost represents the most common fee for GBP to PAB international transfers, based on data from the past six months.
If you want to secure the best rates on a GBP to Panama transfer, make sure you pick WorldRemit to send your money online.
*The most common fee applied to GBP-PAB by WorldRemit, based on data from the past six months.
Fastest way to send money from United Kingdom to Panama: Wise
Our data shows that Wise came up as the fastest way to send money from United Kingdom to Panama in 50% of searches. This makes them well suited to urgent GBP to PAB money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from United Kingdom to Panama - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Panama from United Kingdom in 50% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is WorldRemit.
While WorldRemit may not always be the cheapest or fastest way to send GBP from United Kingdom to Panama, it’s the provider that will keep you safe and relaxed while your money moves into PAB.
Understanding the costs involved when moving money from United Kingdom to Panama
When calculating the costs of money transfers between United Kingdom and Panama, here's what really matters:
The Mid-Market Rate: Today, the GBP-PAB mid-market rate equals to 1.246704 PAB per Pound Sterling.
The GBP-PAB average exchange rate for the past three months has been 1.2717 PAB per Pound Sterling, with a high of 1.2759 and a low of 1.2675.
When looking to send money, we'd recommend WorldRemit. On average WorldRemit is -16.99% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from GBP to PAB.
How to find the best exchange rate for Pound Sterling to Balboa
Timing is essential for sending money between GBP and PAB. The exchange rate you secure impacts how much PAB you get for your GBP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from GBP to PAB has seen some fluctuation. On average, it stood at 1.2717.
During this period, the highest value recorded was 1.2759, while the lowest was 1.2675.
WorldRemit, which is our recommended service to send money online from United Kingdom to Panama offers an exchange rate that is only -16.99% above the mid-market rate.
Want to secure the best GBP-Balboa exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United Kingdom to Panama!
Payment methods available to fund your United Kingdom to Panama transfer
Bank transfers
Bank transfers are often the default option for sending money from United Kingdom to Panama.
By using a money transfer company such as WorldRemit for transfers from United Kingdom to Panama, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, WorldRemit is the cheapest provider for bank transfers from the 4 we tested when sending GBP to Panama.
With an average fee of GBP2.99 to send money from United Kingdom to Panama, WorldRemit offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from United Kingdom to Panama with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from United Kingdom to Panama, competing among a total of 4 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from United Kingdom to Panama, Wise emerges as our top choice of the 4 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Panama and United Kingdom.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United Kingdom to Panama.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to PAB.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
