Find the best providers to send money to Panama
Our real-time comparison engine finds the cheapest providers for your transfer to Panama, you save on fees and exchange rates. That way, more money arrives.
How to send money to Panama
Find out how to send money to Panama with the best providers in 4 easy steps
1. Check the USD exchange rate against the currency you want to send
Even though the evolution of the exchange rate is impossible to predict, it is a good idea to monitor it so that you can optimize how much US dollars you get after the conversion. You can subscribe to smart alerts to track the currency exchange rate between US dollars and the currency of your choice.
2.Select the best deal by comparing all the available money transfer companies.
Monito compares many money transfer companies to transfer money to Panama, such as Wise, Remitly, Azimo, Small World, Remessa Online. You can save a lot of money by comparing all your options and find the best deal for your upcoming money transfer.
3.Pick the best option for your personal needs
Are you looking for the money transfer provider with the overall most competitive cost, fastest transfer speed, best ratings, or a good compromise.
4. Sign up and start your transfer with the service you selected
Now is the time to complete the sign-up form on the money transfer provider's homepage (you normally have to upload some documents to confirm your identity), and configure your transfer to Panama.
Your best options to send money to Panama
Which provider should you use for transferring money to Panama?
If you’re sending money to Panama from the United States, you won’t have to worry about exchange rates as you will directly send US Dollars. It’s still important to compare your options to find the providers offering the cheapest fees, especially if you want the money to be received at a cash pick-up locations. Services like WorldRemit, Transfast, MoneyGram or Western Union all have a good coverage of Panama.
When sending money from a different currency, take the exchange rate margin taken by the provider into account, especially if you’re transferring large amount of money into Panama. Foreign exchange companies like Currency Solutions, Currencies Direct, OFX, Global Reach Partners or Frontierpay are all good options to consider.
Why Trust Monito?
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.