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
Learn how to send money to Panama with the best rate in four easy steps
1. Check the USD mid-market rate against your own currency
Making your transfer on the right day is a good way to optimize your transfer. We recommend our users to use smart alerts to keep an eye on the USD mid-market's evolution.
2.Compare the 29 money transfer companies available to send money to Panama and find the best provider.
We compare many services to transfer money to Panama, such as TransferWise, Western Union, MoneyGram, Currencies Direct, OFX. Using the most competitive money transfer provider from the list is a sure way to save money.
3.Select the best provider for your personal needs
What do you value the most? Total cost, speed, number of customer ratings? Consider the pros and cons before selecting the provider.
4. Sign up and start your transfer with the service of your choice
Go to the money transfer provider's homepage to complete the sign-up process (you most of the time have to provide some ID documents to confirm your identity), and get started with your transfer 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.