Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's CRC to PAB (Costa Rican Colon to Panamanian Balboa) exchange rates

Costa Rica
Panama
CRC

Interbank Exchange Rate: 1 CRC = 0.0021 PAB
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Costa Rican Colon to Panamanian Balboa money transfers

Easily compare money transfer providers in one place to send money from Costa Rica to Panama. Send money overseas to your loved ones by comparing Costa Rican Colon (CRC) to Panamanian Balboa (PAB) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Costa Rica.

Were you looking to send money from Panama to Costa Rica instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest CRC to PAB Conversion Rates

Here are some latest CRC to PAB (Costa Rican Colon to Panamanian Balboa) exchange rates for popular conversion amounts*.

1 CRC0.00 PAB
5 CRC0.01 PAB
10 CRC0.02 PAB
25 CRC0.05 PAB
50 CRC0.11 PAB
100 CRC0.21 PAB
150 CRC0.32 PAB
200 CRC0.42 PAB
250 CRC0.53 PAB
300 CRC0.63 PAB
400 CRC0.84 PAB
500 CRC1.05 PAB
600 CRC1.26 PAB
700 CRC1.47 PAB
800 CRC1.68 PAB
1,000 CRC2.10 PAB
1,500 CRC3.15 PAB
2,000 CRC4.20 PAB
2,500 CRC5.25 PAB
3,000 CRC6.30 PAB
4,000 CRC8.40 PAB
5,000 CRC10.50 PAB
10,000 CRC21.00 PAB
15,000 CRC31.50 PAB
20,000 CRC42.00 PAB
30,000 CRC63.00 PAB
40,000 CRC84.00 PAB
50,000 CRC105.00 PAB
100,000 CRC210.00 PAB

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to Panama from Costa Rica?

With the global remittance market booming, there are so many choices for Costa Rican Colon to PAB money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Panama from Costa Rica. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final PAB amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for your money transfers from Costa Rica to Panama?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Panama.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Costa Rica to Panama transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your CRC to Panamanian Balboa money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


What's the cheapest way for transferring money to Panama from Costa Rica?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Costa Rica to Panama via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Costa Rican Colon to Panamanian Balboa remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Costa Rica to Panama exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for CRC to PAB remittances.


Should I use my bank to send money from Costa Rica to Panama?

Bank transfers have been a traditionally popular way to send money overseas from Costa Rica to Panama. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the CRC to PAB exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Costa Rica bank for your Panama money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money from Costa Rica to Panama fast?

It could be a stressful experience if you need to rush money quickly from Costa Rica to Panama. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert CRC to PAB. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Panamanian Balboa. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Costa Rica to Panama money transfers.


Which are the best money transfer companies to transfer money from Costa Rica to Panama?

Since the Costa Rican Colon to Panamanian Balboa money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Costa Rica that may also be able to send money to Panama. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your CRC to PAB money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Panama gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Costa Rica to Panama transaction.


Step by step guide to send money to Panama from Costa Rica

With so many possible ways to transfer Costa Rican Colon to Panamanian Balboa, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Costa Rica to Panama remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Costa Rica and the receiver in Panama. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your CRC to Panamanian Balboa money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.