RemitFinder helps you compare international money transfer services when remitting money from Panama. Whether you are sending money to support family, pay bills abroad, or manage international expenses, comparing providers can help you save on exchange rates and fees.
On this page, you can explore where you can send money out of Panama, see which providers support each destination, and compare rates, transfer speed, payout options, and limits.
Not sure where to start? Browse all sending countries on our send money from hub.
Where Can You Send Money From Panama To?
Below are the destinations you can send Panama remittances from, grouped by region for easier browsing.
The below regions of the world are sorted alphabetically, and the countries within these regions are also sorted alphabetically for easier lookup.
Once you have located your destination country, click on it to compare numerous money transfer options for your chosen country combination.
Browse by region:
Africa | Asia | Caribbean | Europe | North America | Oceania | Polar Territories | South AmericaCountries in Africa you can send money to from Panama
Here are various countries in Africa that you can send Panama based money transfers to. Simply click on your destination country below to see the best exchange rates for sending Panamanian Balboa remittances out of Panama to your chosen destination in Africa.
Countries in Asia you can send money to from Panama
Here are various countries in Asia that you can send Panama based money transfers to. Simply click on your destination country below to see the best exchange rates for sending Panamanian Balboa remittances out of Panama to your chosen destination in Asia.
Countries in Caribbean you can send money to from Panama
Here are various countries in Caribbean that you can send Panama based money transfers to. Simply click on your destination country below to see the best exchange rates for sending Panamanian Balboa remittances out of Panama to your chosen destination in Caribbean.
Countries in Europe you can send money to from Panama
Here are various countries in Europe that you can send Panama based money transfers to. Simply click on your destination country below to see the best exchange rates for sending Panamanian Balboa remittances out of Panama to your chosen destination in Europe.
Countries in North America you can send money to from Panama
Here are various countries in North America that you can send Panama based money transfers to. Simply click on your destination country below to see the best exchange rates for sending Panamanian Balboa remittances out of Panama to your chosen destination in North America.
Countries in Oceania you can send money to from Panama
Here are various countries in Oceania that you can send Panama based money transfers to. Simply click on your destination country below to see the best exchange rates for sending Panamanian Balboa remittances out of Panama to your chosen destination in Oceania.
Countries in Polar Territories you can send money to from Panama
Here are various countries in Polar Territories that you can send Panama based money transfers to. Simply click on your destination country below to see the best exchange rates for sending Panamanian Balboa remittances out of Panama to your chosen destination in Polar Territories.
Countries in South America you can send money to from Panama
Here are various countries in South America that you can send Panama based money transfers to. Simply click on your destination country below to see the best exchange rates for sending Panamanian Balboa remittances out of Panama to your chosen destination in South America.
How can I send money from Panama?
Sending money internationally from Panama is easy. Simply search for your destination country to send Panamanian Balboa money transfers from Panama. RemitFinder compares many money transfer operators for Panama remittances to your chosen destination in an easy to understand format.
Can someone from Panama send money?
Unless there are any sanctions or political restrictions in place in Panama, it should be permissible to send Panamanian Balboa transfers out of the country. In case it is not allowed to send money from Panama, transfer companies will not accept remittance requests.
What is the best way to send money from Panama?
To find the best options to send PAB from Panama, simply compare available providers and pick the one that suits your needs best.
Cannot find your country? All supported destination countries are listed above, grouped by region.
Want to compare instantly? Use the transfer search below.
Simply choose your destination country for money transfers originating out of Panama, and change the transfer amount if needed to easily compare numerous money transfer providers for your next international money transfer.
Compare various money transfer operators to send money from Panama to your chosen destination easily. Simply choose your destination country above and search and compare options.
Popular Money Transfer Corridors From Panama
These are some of the most commonly used international money transfer routes from Panama.
Popular corridors
What Is The Currency In Panama?
The official currency of Panama is important to know when sending or receiving money internationally. Understanding the local currency helps you compare exchange rates, fees, and the final amount your recipient will receive.
Which currency is used in Panama?
The official currency of Panama is the Panamanian Balboa (ISO code: PAB), and it is commonly represented by "B/.".
How is Panamanian Balboa written, and how many decimals does it use?
PAB amounts are typically shown with 2 decimal places.
- PAB 1250.50
- B/. 1250.50
- PAB 0.25 = 25 centésimos
What is the subunit of 1 Panamanian Balboa?
The subunit of Panamanian Balboa is centésimo, and 1 PAB is divided into 100 centésimos.
Which other countries use the Panamanian Balboa?
Panama is the main country that uses the Panamanian Balboa.
When sending money from Panama, what currency do providers use?
International transfers from Panama are typically funded in Panamanian Balboa and converted into the recipient's local currency before payout. Most providers covering Panama quote exchange rates directly in PAB, making the rate you receive a key factor in how much money arrives.
Why do PAB exchange rates vary between providers?
Exchange rates often differ due to FX spreads rather than visible fees, which means two transfers of the same PAB amount from Panama can result in different payout values.
What is the best way to compare the true cost of a PAB transfer from Panama?
The true cost of Panamanian Balboa transfers sent from Panama is best understood by comparing the exchange rate alongside any applicable fees. This helps avoid overpaying and ensures your recipient receives maximum value.
Does comparing Panamanian Balboa exchange rates really make a difference?
Yes. If you send money from Panama regularly, comparing Panamanian Balboa exchange rates can make a meaningful difference over time.
Why Compare Money Transfer Services From Panama?
The cost and experience of sending money internationally can vary widely depending on where you are sending from. Money transfer services often price the same corridor differently based on local market conditions, which means Panamanian Balboa exchange rates, fees, and transfer options from Panama may not match what is offered in other countries.
Fees also depend heavily on how you fund your PAB transfer from Panama. Bank transfers, debit cards, and credit cards can carry different costs, limits, and processing times in Panama, even when using the same provider.
Coverage is another important factor when sending money from Panama. Not all money transfer services support the same destination countries, payout methods, or currencies when transfers are initiated in PAB from Panama.
Transfer limits and verification requirements in Panama can further affect how much PAB you can send and how quickly your Panamanian Balboa transfer is processed. These limits often vary by provider and funding method and may change once verification is completed.
Comparing money transfer services side by side helps you identify which providers actually work from Panama and which offer the best balance of Panamanian Balboa exchange rates, fees, transfer speed, and reliability for your needs.
How Sending Money From Panama Works
Sending money from Panama typically involves choosing a transfer provider, selecting a funding method, and sending funds in PAB to a recipient abroad. Costs, processing time, and availability can vary based on local banking practices in Panama and the destination country.
What funding methods can I use to send PAB from Panama?
Most international transfers from Panama in PAB are funded using bank transfers, debit cards, or credit cards. Bank-funded transfers are often the most cost-effective option in Panama, while card-funded Panamanian Balboa transfers can be faster but may come with higher fees or less favorable exchange rates.
What verification is required to send money from Panama?
When sending money from Panama, you are usually required to provide basic identity details. Additional verification may apply for higher-value PAB transfers or first-time transfers. These checks help keep Panamanian Balboa transfers secure and compliant with regulations in Panama.
Are there limits on how much PAB I can send from Panama?
Transfer limits depend on the funding method you use and how frequently you send money from Panama. Some methods allow higher PAB limits once verification is complete, while others are restricted to lower amounts regardless of transfer history.
How long do PAB transfers from Panama take?
Some Panamanian Balboa transfers from Panama are processed on the same day, while others may take longer. Processing time can be affected by banking hours, weekends, and public holidays in Panama.
Why can processing times vary when sending money from Panama?
Local banking practices in Panama, such as cut-off times, business days, and identification requirements, can influence when a Panamanian Balboa transfer is processed and settled.
How can I avoid delays when sending money from Panama?
Comparing providers, choosing the right funding method, and understanding local rules in Panama can help ensure a smoother PAB transfer with fewer delays or surprises.
Payment Methods Available in Panama
The way you fund your money transfer from Panama can directly affect cost, speed, and convenience. Available payment methods are influenced by local banking adoption, card usage, and global remittance norms, which means options for sending PAB from Panama may differ from what is available elsewhere.
Payment method availability in Panama is determined by a combination of:
- Global remittance standards
- Local banking and card penetration prevalent in Panama
- Declining or limited use of cash-based funding methods within Panama
Below are the most common ways to fund international money transfers from Panama.
Bank Transfer
Bank transfers are a common way to fund an international money transfer in Panama, especially for larger Panamanian Balboa amounts. They are often priced more competitively than cards, but processing can depend on bank cut-off times, weekends, and local holidays in Panama.
Debit / Credit CardRecommended
Card payments in Panama can be convenient and are often the fastest way to fund a transfer sent in Panamanian Balboa. They may come with higher fees or a less favorable PAB exchange rate than bank transfers, especially on larger amounts.
Payment methods shown above for Panama include badges that highlight common characteristics. These indicators are based on typical usage patterns when sending PAB from Panama, but actual costs and speeds can vary by provider and destination.
Here are the badges and their definitions that we have used above to present payment methods in Panama:
- 🟢 Cheapest: This funding method often has lower fees or more competitive Panamanian Balboa exchange rates.
- ⚡ Fastest: This method typically processes transfers more quickly, especially for smaller amounts.
- ⭐ Most Common: This funding method is widely supported for transfers from Panama.
- 🏦 Local Payment Method: This funding method is local to Panama and may be cheaper and faster as compared to other methods.
Payment method FAQs for Panama
Payment methods available in Panama can affect how quickly money is delivered and how much the transfer costs. Understanding the common options helps you choose the most suitable way to send or receive funds.
What payment methods are available in Panama?
In Panama, common payment options include Bank Transfer and Debit / Credit Card. Availability, fees, and processing times can vary by provider and destination.
What is the recommended payment method in Panama?
Debit / Credit Card is often a solid default because it balances cost, speed, and availability. Your best option may still depend on the amount and provider.
Which payment method is usually the cheapest in Panama?
Bank Transfer is often the most cost-effective option for Panamanian Balboa (PAB), though final costs depend on fees and exchange rates.
Which payment method is usually the fastest in Panama?
Debit / Credit Card is often the fastest option, especially for smaller transfers, though processing times can vary by provider.
What is the most common payment method in Panama?
Debit / Credit Card is widely supported across providers and is a reliable option for many transfers.
Which payment method is best for larger amounts in Panama?
Bank Transfer is often best for larger amounts in Panama. Often a better fit when sending and receiving bigger amounts, where fees and exchange rate margins matter more. Actual costs and speed still depend on the provider.
Which payment method is best for lower fees in Panama?
Bank Transfer is often best for lower fees in Panama. Often a good choice if you want to minimize fees and improve overall value. Actual costs and speed still depend on the provider.
Which payment method is best for speed in Panama?
Debit / Credit Card is often best for speed in Panama. Often useful when you want to send and receive funds quickly. Actual costs and speed still depend on the provider.
Which payment method is best for smaller amounts in Panama?
Debit / Credit Card is often best for smaller amounts in Panama. Often convenient for smaller transfers, though fees can still vary by provider. Actual costs and speed still depend on the provider.
Which payment method is best for faster checkout in Panama?
Debit / Credit Card is often best for faster checkout in Panama. Can reduce checkout friction with quicker transaction confirmation. Actual costs and speed still depend on the provider.
Which payment method is best for convenience in Panama?
Debit / Credit Card is often best for convenience in Panama. Often easier to use with fewer steps to complete payment and receipt of funds. Actual costs and speed still depend on the provider.
Tips For Sending Money From Panama
Sending money from Panama can be simple and cost-effective if you know what to look for. Below are practical tips to help you get better value, avoid common mistakes, and make the most of your Panamanian Balboa (PAB) transfers.
Compare exchange rates from various providers in Panama
Many providers often advertise "low" or even "zero" fees, but make up the difference by offering weaker exchange rates.
When sending money from Panama in PAB, always compare the final amount the recipient receives, not just the upfront fee. A slightly higher fee with a stronger exchange rate can often work out cheaper overall.
The exchange rate on an international money transfer sent from Panama is one of the most important factors you should pay attention to.
Choose the right payment method for Panamanian Balboa remittances
The way you fund your transfer from Panama matters.
Bank transfers are often the most cost-effective for larger PAB amounts, whilst debit or credit cards can be faster, but may come with higher fees or less favorable exchange rates.
Look for local payment methods in Panama (if available) as they can offer a good balance of speed and cost.
If you send Panamanian Balboa overseas regularly, experimenting with different payment methods can lead to meaningful savings over time.
Be aware of transfer limits and regulations in Panama
Providers operating in Panama often apply different limits depending on how you send PAB and whether your account is fully verified. From Panama, higher-value transfers may require additional identity checks. Completing KYC (know your customer) and other regulatory requirements early can unlock better limits and reduce delays later.
PAB transfer timing can affect speed and cost
Bank-funded transfers from Panama usually follow local banking hours. Transfers initiated late in the day, on weekends, or during public holidays may take longer to process.
If speed matters, check cut-off times and consider faster payment options in Panama when available.
Watch out for Panamanian Balboa conversion traps
In rare cases, some card issuers in Panama automatically convert PAB into another currency before the transfer is processed, often at poor rates.
To avoid this, send in PAB and let the money transfer provider handle the conversion, as this is usually cheaper and more transparent.
Find the best provider for the destination country
Not all providers offer the same pricing or payout options for every corridor from Panama. A service that works well for one destination may be expensive or slow for another.
Always compare providers specifically for your chosen destination to get the best payout for your Panamanian Balboa money transfers.
We also recommend having accounts with several money transfer companies in Panama so you can capitalize on better rates and deals from them.
Small differences add up
If you send money from Panama regularly, even small improvements in PAB exchange rates or fees can make a big difference over time. Comparing providers before each transfer helps ensure more of your Panamanian Balboa reaches its destination.
At RemitFinder, we make it easy to compare trusted money transfer services side by side, so you can send money from Panama knowing you are getting the best available option for your needs.
FAQs About Sending Money From Panama
Here are some additional questions that sometimes come up from our readers in Panama when it comes to sending money abroad.
Is it legal to send money from Panama to another country?
Sending money internationally from Panama is generally legal. Licensed money transfer providers operate under local and international regulations, which means transfers in Panamanian Balboa (PAB) must meet standard identity and compliance checks.
That said, global political situations and financial restrictions may be in place for certain countries. Always check before you send PAB from Panama.
How can someone from Panama send me money?
If you wish to receive money from Panama, have the sender search for a suitable provider that supports Panamanian Balboa transfers. Once they choose a suitable money transfer operator in Panama, they will need your bank or related information to send you the funds.
Do I need a bank account to send money from Panama?
Not always. Many providers allow you to send money from Panama using bank transfers, debit cards, or sometimes cash, depending on what is commonly supported locally.
Also, lookout for local payment options in Panama that can be cheaper and faster.
Overall payment method availability in Panama can vary by provider, transfer amount, and destination country.
Are there limits on how much I can send from Panama?
Yes. Transfer limits from Panama depend on the provider, the payment method you use, and whether your account is fully verified. Bank-funded transfers in PAB usually allow higher limits than card-based or cash-funded transfers.
How to send money internationally from Panama?
To send PAB from Panama, simply located your destination country above, or directly search for your chosen corridor. RemitFinder will show you a comparison table with various providers in Panama for your chosen destination.
Once you locate the provider of your choice, use their service to send money from Panama.
How can I reduce the cost of sending money from Panama?
The most effective way to lower the cost of Panamanian Balboa transfers is to compare providers before you send.
Exchange rates, fees, and payout methods can vary significantly when sending Panamanian Balboa from Panama, even for the same destination. Comparing options helps ensure more of your PAB reaches the recipient.
Which app is best to send money from Panama?
Depending on your chosen destination to send PAB from Panama, there may be several providers available. To easily compare them, use RemitFinder’s online comparison engine and pick the best provider for your Panama remittances.