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Compare today's PAB to ILS (Panamanian Balboa to Israeli New Sheqel) exchange rates

Panama
Israel
PAB

Interbank Exchange Rate: 1 PAB = 3.0950 ILS
Updated about an hour ago

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All you need to know about Panamanian Balboa to Israeli New Sheqel money transfers

Easily compare money transfer providers in one place to send money from Panama to Israel. Send money overseas to your loved ones by comparing Panamanian Balboa (PAB) to Israeli New Sheqel (ILS) 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 Panama.

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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 PAB to ILS Conversion Rates

Here are some latest PAB to ILS (Panamanian Balboa to Israeli New Sheqel) exchange rates for popular conversion amounts*.

1 PAB3.10 ILS
5 PAB15.48 ILS
10 PAB30.95 ILS
25 PAB77.38 ILS
50 PAB154.75 ILS
100 PAB309.50 ILS
150 PAB464.25 ILS
200 PAB619.00 ILS
250 PAB773.75 ILS
300 PAB928.50 ILS
400 PAB1,238.00 ILS
500 PAB1,547.50 ILS
600 PAB1,857.00 ILS
700 PAB2,166.50 ILS
800 PAB2,476.00 ILS
1,000 PAB3,095.00 ILS
1,500 PAB4,642.50 ILS
2,000 PAB6,190.00 ILS
2,500 PAB7,737.50 ILS
3,000 PAB9,285.00 ILS
4,000 PAB12,380.00 ILS
5,000 PAB15,475.00 ILS
10,000 PAB30,950.00 ILS
15,000 PAB46,425.00 ILS
20,000 PAB61,900.00 ILS
30,000 PAB92,850.00 ILS
40,000 PAB123,800.00 ILS
50,000 PAB154,750.00 ILS
100,000 PAB309,500.00 ILS

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


What's the best way to transfer money from Panama to Israel?

There are many good choices when it comes to sending money from Panama to Israel. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Panamanian Balboa to ILS money transfers.

We compare different remittance companies to bring you the best options to send money to Israel from Panama. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Panamanian Balboa to Israeli New Sheqel money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best rate to transfer money to Israel from Panama?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Israel from Panama. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your PAB to Israeli New Sheqel money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Panama to Israel corridor to give you more good choices for your next ILS money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Israel from Panama?

The final amount your recipient gets when you send PAB to ILS is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Panama to Israel used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Israeli New Sheqel is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Panamanian Balboa to Israel exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


How to send money to Israel from Panama through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Panama to Israel. 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 PAB to ILS 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 Panama bank for your Israel 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 to Israel from Panama fast?

It could be a stressful experience if you need to rush money quickly from Panama to Israel. 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 PAB to ILS. 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 Israeli New Sheqel. 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 Panama to Israel money transfers.


Which are the best money transfer companies to send money from Panama to Israel?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Panama to Israel, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Panamanian Balboa to Israeli New Sheqel exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your ILS money transfers to Israel. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Israel getting more money for every Panamanian Balboa you send.


Step by step guide to do a money transfer from Panama to Israel

There are many important aspects of Panama to Israel remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Panama bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include ILS bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Panamanian Balboa amount you want to send from Panama.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Israel to validate that they get the money once the transaction clears.