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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Panama to Spain searches, and was the top rated company out of 3 that support PAB to EUR.
So for a great mix of cost, speed & features, make your Panama to Spain transfer using Wise.
How to get the best deal on your Panama to Spain transfer
Summary of recent searches
Important things to consider before sending money from Panama to Spain
Don't settle for the first option. Always compare ways to send money from Panama to Spain to find out about fees, speed, and reliability.
Our analysis included 3 providers that operate between Panama and Spain.
Through this, you get a comprehensive view of all the options you have in Panama when you need to send money to Spain.
Cheapest way to send money to Spain from Panama: CurrencyFair
Data collected over the past six months show that CurrencyFair is 1.4% cheaper than the second-best option.
The B/.0.18 transfer cost represents the most common fee for PAB to EUR international transfers, based on data from the past six months.
If you want to secure the best rates on a PAB to Spain transfer, make sure you pick CurrencyFair to send your money online.
*The most common fee applied to PAB-EUR by CurrencyFair, based on data from the past six months.
Fastest way to send money from Panama to Spain: Wise
Our data shows that Wise came up as the fastest way to send money from Panama to Spain in 89.5% of searches. This makes them well suited to urgent PAB to EUR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Panama to Spain - 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 Spain from Panama in 89.5% 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 Wise.
While Wise may not always be the cheapest or fastest way to send PAB from Panama to Spain, it’s the provider that will keep you safe and relaxed while your money moves into EUR.
Understanding the costs involved when moving money from Panama to Spain
When calculating the costs of money transfers between Panama and Spain, here's what really matters:
The Mid-Market Rate: Today, the PAB-EUR mid-market rate equals to 0.93728 EUR per Balboa. Keep in mind that this rate fluctuates all the time.
The PAB-EUR average exchange rate of the past three months has been 0.9182 EUR per Balboa, with a high of 0.9315 and a low of 0.8995.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent PAB to EUR rates that are only -0.01% away from the average.
How to find the best exchange rate for Balboa to Euro
Timing is essential sending money between PAB and EUR. The exchange rate you secure impacts how much EUR you get for your PAB.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from PAB to EUR has seen some fluctuation. On average, it stood at 0.9182.
During this period, the highest value recorded was 0.9315, while the lowest was 0.8995.
Wise, which is our recommended service to send money online from Panama to Spain offers an exchange rate that is only -0.01% above the mid-market rate.
Want to secure the best PAB-Euro exchange rates?
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Payment methods available to fund your Panama to Spain transfer
Bank transfers
Bank transfers are often the default option for sending money from Panama to Spain.
By using a money transfer company such as CurrencyFair for transfers from Panama to Spain, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, CurrencyFair is the cheapest provider for bank transfers from the 3 we tested when sending PAB to Spain.
With an average fee of PAB3 to send money from Panama to Spain, CurrencyFair offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Panama to Spain with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Panama to Spain, competing among a total of 3 active money transfer companies on this route. They consistently rank at the top in this category.
Credit cards
When it comes to credit card transfers from Panama to Spain, Instarem emerges as our top choice of the 3 companies offering this service.
Our comparison engine's last six months of data on PAB to EUR searches show Instarem has been ranked as the cheapest provider.
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 Spain and Panama.
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 Panama to Spain .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send PAB to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
