Compare money transfers from the USA to Panama

The best services to transfer money from the United States to Panama

🪙 Cheapest to a bank account	Remitly
🥇 Fastest to a debit card	MoneyGram
💳 Best with credit card payment	WorldRemit and Remitly
💸 Convenient Card-to-Card	MoneyGram
💶 Easiest cash pickup	WorldRemit and Remitly
🎁 Special offers for first transfers	Wise

When compared to the US, Panama is a tiny country, but its currency carries a lot of weight. Generally, the value of Panamanian Balboa is equal to the US Dollar, and this makes sending money from the US to Panama a breeze.

If you are based in the US and you would like to send money to Panama, you don’t need to worry about complicated foreign exchange rates. All you need is to decide whether you want to wire money from the US to Panama in US Dollars, and your loved ones can collect it in the form of Panamanian Dollar. The good thing about matching currencies is that some service providers don’t charge you any fee to send money.

Easy, right? So, how do you send money to Panama?

What are the different services of transferring money from the US to Panama?

Panama and the US are not neighbors, but sending money to Panama shouldn’t be a frustrating exercise because there are many money transfers services at your disposal.

Which service should you use to send money to Panama from the USA?

• Banks including HSBC and Citibank.
• Credit card
• Online money transfer services like Western Union, World Remit, Remitly, TransferWise and MoneyGram.

Panama accepts the US Dollar, so sending money through bank to bank transfers is fast and convenient, but could be expensive. Online money transfer services, which are among the easiest, quickest and most reliable ways of transferring money to Panama are way more affordable than banks. In fact, some do not charge any fee when you’re a first time user.

When it comes to Paypal, it’s not really a straightforward process because Paypal doesn’t allow for direct transfer to any Panamanian bank account. Instead, it requires Panamanian Paypal account holders to link their account with a US bank. With an array of services to choose from, the next consideration is price.

How much does it cost to remit money from the USA to Panama?

Well, there’s no standard fee that fits all, so every service provider has their own rates. For instance, some e transfer services are more affordable than others when ttansferring bulk cash.

With so many services with different offers, we make it easier for you to choose the best method to transfer money from the US to Panama.

Our advantages as a comparison website

1. We give you a chance to select the cheapest money transfer service.
2. Best rated e-transfer service gets new customers from our pool of users.
3. We provide you with all the information you need, including hidden charges to help you make the best choice.
4. You can trust our service providers because we only list regulated companies.

In a nutshell, there is no one size fits all when it comes to the best way to send money to Panama from the US. If you feel like you’re spoilt for choice, our comparison engine is there to help you select the easiest, cheapest, quickest, or most reliable money transfer service.