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Best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 66.7% of Panama to the United States searches in the last 6 months, and was the top rated company out of 4 that support PAB to USD.
So for a great blend of cost, speed & features, make your Panama to the United States transfer using Wise.
How to get the best deal on sending money from Panama to United States
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Panama to the United States.
- Choose a provider
Select the provider that offers you the best value on buying USD & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Get the most from sending money from Panama to United States
Comparing providers offering services between Panama and the United States based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire PAB-USD market and have compared 4 providers offering services between Panama and the United States.
This ensures you will get the most comprehensive options for sending Balboa to the United States.
Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Panama to the United States transfer needs.
Cheapest way to send money from Panama to United States: Wise
Our data shows, over the past six months, that Wise is 4.4% than the second-best option when sending via a bank transfer.
This measure includes an average fee of 17.14* PAB and a PAB-USD exchange rate for international transfers that is 0% different to the mid-market rate.
Securing the best rates on a PAB to United States transfer can be done with Wise but you can always search for your specific amount.
*The most common fee applied by Wise when sending PAB-USD, based on data from the past six months.
Fastest money transfers to the United States from Panama: Wise.
Through our comparison, we found Wise to be the fastest option for sending Balboa to US Dollar 53.3% of the time. For fast transfers between PAB and USD, Wise is a great option.
When sending money from Panama to the United States, Wise has an average fee of 7.21 PAB. Although we would recommend comparing the amount you want to send.
When testing the fastest options, we compared the 4 money transfer providers offering Panama to the United States transfers for overall speed. This included transfer times to after depositing Balboa to a money transfer account.
When you want the fastest way to send, Wise is our recommended choice for Panama to the United States transfers.
Sending a large amount of money?
Of the 4 providers compared, Wise is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Wise may not always be the fastest or cheapest way to send money from Panama to United States, it's a great provider for things like buying or selling property.
Understanding the cost of money transfers from Panama to United States
The total cost of sending money to United States from Panama is made up of a combination of mid-market, exchange rates and fees.
The Mid-Market and Exchange Rates: The current mid-market for PAB-USD is 1.0046 USD per Balboa.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more US Dollar for your Balboas.
Over the last three months, the average PAB-USD mid-market rate has seen each Balboa worth 1.0005 USD. Within this we see a high of 1.0059, and a low of 0.999.
Of the 4 companies compared, Wise offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting PAB to USD.
Fees: When sending money you may have to pay fees. Instarem has had an average fee of 17.14 PAB per transfer over the last 6 months, the lowest of the 4 providers compared. We would recommend searching to ensure you get the correct fee for your transfer amount.
Amount Received: When comparing providers, the best measure is the amount of US Dollar eventually received in the United States.
This number should be a guide for your decision if cost is important. A higher amount of money received in the United States means a better overall cost of sending money from Panama.
Getting best exchange rate for sending Balboa to US Dollar
Timing is essential when tracking the mid-market rate between PAB and USD. The end exchange rate you secure impacts how much USD you get for your PAB.
The recent mid-market rate trends are:
Over the past six months, the mid-market rate from PAB to USD was 1.0005.
During this period, it hit a high of 1.0059, and a low of 0.999.
Wise, which is our recommended service to send money online from Panama to the United States offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best PAB-US Dollar exchange rates?
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How to pay for money transfers between Panama and United States
Bank transfers
Bank transfers are often fastest, cheapest and best way to send money from Panama to the United States.
Using a money transfer company such as Wise for transfers from Panama to the United States, will mean being able to send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers of the 4 we compared for transfers from PAB to the United States.
To send money from Panama to United States, Wise has an average fee of 9.03 PAB.
Debit cards and prepaid options
Sending money from Panama to the United States with a debit card or a prepaid card is very simple with Wise.
Wise is the cheapest option for sending money with a debit card between Panama and the United States. This is of the 4 money transfer companies offering debit card payments on this route.
Credit cards
When it comes to credit card money transfers from Panama to the United States, Wise emerges as our top choice of the 4 companies offering this service.
Be aware of fees: 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 United States and Panama.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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 United States.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send PAB to USD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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