Compare money transfers to Panama

Find the best way to send money to Panama without fees.
As of May 20, 2024 you have 17 options available with an exchange rate starting at 0.7348 USD per 1 CAD.



The results were calculated a few hours ago

5 best ways to send money from Canada to Panama

How to send 2000 CAD to USD
Best
Fastest
No fees
Special rate for new customers
2000 CAD = 1452.20 USD
Rate 0.7261
Fees 0 CAD
Speed
Within 24h
Payment options
Bank account Credit card Debit card
Receive options
Bank account
Fastest
No fees
Special rate and no fees on your first transfer
2000 CAD = 1430.40 USD
Rate 0.7152
Fees 0 CAD
Speed
Instantly
Payment options
Debit card Credit card
Receive options
Bank account Cash Pickup Home delivery Mobile wallet
Cheapest
2000 CAD = 1460.29 USD
Rate 0.7348
Fees 12.77 CAD
Speed
2 days
Payment options
Bank account
Receive options
Bank account

8 cheapest ways to transfer money from the UK to Panama

How to transfer 2000 GBP to USD
Best
Fastest
No fees
Special rate for new customers
2000 GBP = 2528.80 USD
Rate 1.2644
Fees 0 GBP
Speed
Within 24h
Payment options
Bank account Credit card Debit card
Receive options
Bank account
Easiest
No fees
2000 GBP = 2450.91 USD
Rate 1.2255
Fees 0 GBP
Speed
1 day
Payment options
Trustly Credit card Debit card Cash at Location
Receive options
Bank account
Cheapest
2000 GBP = 2529.51 USD
Rate 1.2703
Fees 8.65 GBP
Speed
A few minutes
Payment options
PISP Bank account
Receive options
Bank account

4 easiest ways to wire money from the US to Panama

How to wire 2000 USD to USD
Best
No fees
First transfer is fee-free
2000 USD = 2000.00 USD
Rate 1
Fees 0 USD
Speed
1 day
Payment options
Debit card
Receive options
Bank account
Cheapest
Easiest
First 3 transfers are fee-free with code 3FREE
2000 USD = 2000.00 USD
Rate 1.0000
Fees 0 USD
Speed
A few minutes
Payment options
Debit card Credit card
Receive options
Cash Pickup
Special rate and no fees on your first transfer
2000 USD = 2000.00 USD
Rate 1.0000
Fees 0 USD
Speed
Instantly
Payment options
Debit card Credit card
Receive options
Bank account Cash Pickup Home delivery Mobile wallet

The best services to transfer money to Panama

List of the best services to transfer money from Canada to Panama:

🪙 Cheapest to a bank accountWise
💳 Best with credit card paymentXe and Remitly
💶 Easiest cash pickupRemitly and WorldRemit
🎁 Special offers for first transfersOFX

One of the few transcontinental countries in the world, it is located in Central and South America. Buoyed by the Panama Canal, the revenue generated forms a significant portion of the country’s GDP. It is regarded as a high-income country owing to its high competitiveness in the Latin American market. The strategic geographic location of the country has ensured the existence of a well-developed service sector mainly on commerce, trading, and tourism.

How to send money to Panama online?

  1. Enter the country of departure – Canada.
  2. Enter the country of receipt – Panama.
  3. Select the departure currency - you can send money online from Canada in CAD, EUR, USD.
  4. Enter the transfer amount in the selected currency - for example, 2000 CAD.
  5. Select receipt currency - the recipient can receive money in Panama in USD and EUR.
  6. Choose an appropriate option from the 8 proposed providers and follow the link to process a money transfer from Canada to Panama.

Available options for receiving remittances to Panama

We have found several available options for receiving remittances in Panama. Receiving a transfer in Panama can be done to a bank account, mobile wallet, card or in cash.

How do I send money to Panama to a card?

How do I transfer money to Panama to a bank account?

How do I send money to Panama to a mobile wallet?

Different ways to pay for money transfers to Panama

We have found a few convenient ways to pay for money transfers to Panama. You can use a Bank account, Bill Payment, Bank Debit (ACH), Credit card, Debit card, PISP, SWIFT, Plaid or Google Pay to pay for transfers to Panama.

How to transfer money to Panama with a debit card?

How to send money to Panama from a bank account?

How to remit money to Panama by credit card?

How to send cash to Panama?

How to wire money to Panama using Bank Debit (ACH)?

How to easily process a money transfer to Panama?

There are steps inherent in types of money transfer services chosen to wire money to Panama. A few of the steps and easiest way to transfer money are as elaborated below for your guidance:

Online transfer provider

  1. Compare money transfer options to Panama.
  2. Proceed to the preferred site, or bank to initiate the transfer process.
  3. Initiate the transfer process by keying in the recipient's details.
  4. Select and authorize the amount of money to send.
  5. Pay the transfer cost and track the progress through your given number.

Pick up location

  1. Identify a secure and reliable location the money is to be picked up from.
  2. Provide the recipient’s details and the amount to be sent.
  3. Authorize the transfer and track the progress.

Top 5 money transfer providers for sending money to Panama

The following chart is a calculation of the transfer of 2000 CAD to USD from Canada to Panama.
ProviderRateFees and special offers
Wise0.7348 USDFees = 12.77 CAD
OFX0.7294 USDNo fees
Xe0.7261 USDSpecial rate for new customers
Remitly0.7152 USDSpecial rate and no fees on your first transfer
WorldRemit0.6940 USDFirst 3 transfers are fee-free with code 3FREE

What are the different ways of transferring money to Panama?

The country has in place a tax discount system on some services offered and on the tourism industry thus encouraging a steady flow of money into the economy. Sure enough, such leverages have led to the emergence of various ways to wire money to Panama. Some of the best way to transfer money are:

  • Cash pick up locations. These are strategic safe cash transaction stations where recipients get to pick up their cash.
  • Online transfer via mobile applications and wallets. Various applications and online services offer this service. The system adopted is e transfer of funds to Panama.
  • Bank Account Transfer-Transactions. Through the use of both debit and credit cards, a recipient gets to cash out their money from the local bank.
  • The money transfers companies. Various global money transfer companies ply their trade in the country offering varied valued money transfer services.

Reliable online remittance providers to Panama

Here are the best providers for secure online transfers from Canada to Panama.

Send money from Canada to Panama with Wise

WiseWise (formerly TransferWise) offers some great options for sending money from Canada to Panama.
💱 Is it cheap?The exchange rate at Wise is 0.7348 USD for 1 CAD. The fees and transfer speed depend on the payment option you choose and can vary.
💲 How to pay?The best way to pay is via Bank account or Bill Payment. There is also the option of paying using Bank Debit (ACH), Debit card or Credit card, but the fees will be higher.
⌚ Is it fast?The fastest way to send money is via Bank Debit (ACH), Debit card or Credit card. The transfer will then be processed instantly. If you use Bank account for payment, it will take up to 2 days.
💰 How to receive?There is only one option available from Wise for transfers to Panama - money can be received into a bank account.

Send money from Canada to Panama with Xe

XeXe has several good and reliable options to transfer money from Canada to Panama.
💱 Is it cheap?XE has set a special exchange rate for new customers - 1 USD can be exchanged for 0.7261 CAD.
💲 How to pay?The best way to pay is via Bank account, Credit card, Debit card or Bank Debit (ACH), which does not charge any fees. You can also pay with a , but XE will charge you a fees.
⌚ Is it fast?If you pay via Bank account, Credit card or Debit card, the transfer will be delivered to Panama within 24 hours. Alternatively, if you pay by Bank Debit (ACH), the recipient can see the money in 3 days
💰 How to receive?Using XE, the recipient will only be able to receive transfers from Canada to their own bank account.
In addition to these providers, you can also use OFX, Remitly, WorldRemit and others. You can compare the offers of each of them in order to choose the most favourable option.

How much does it cost to wire money to Panama?

The tax holidays, exemptions, and discounts granted across different sectors play a significant role in the transfer levies charged on various money transfer services. Some service providers charge absolutely nothing on their services. Other service providers set prorated fees as the cheapest way to transfer money to Panama depending on the size of the amount being sent. Whereas some providers charge higher, others charge lower on higher amounts transferred.

The inherent worth of picking a money transfer method from our site
  • Finding and picking your preferred money transfer vehicle from this site is ideal due to thousands of pick up locations at your disposal.
  • You are bound to find several companies offering competitive exchange rates at low to zero transfer fees.
  • You have at your disposal secure and safe door-to-door delivery in Panama
  • There are large networks of partner banks to pick from within minutes.
  • This site gives an insight into the areas to avoid when picking up your money due to high levels of crime rates in those localities.

FAQ

What is the best way to send money from Canada to Panama (CAD → USD)?

What is the fastest way to transfer money from Canada to Panama (CAD → USD)?

What is the cheapest way to transfer money from the UK to Panama (GBP → USD)?

How long does it take to send money from the UK to Panama (GBP → USD)?

What payment methods to use for transfers from Canada to Panama?

How to receive money transfer from Canada in Panama?

How to send money from Canada to Panama for free?

Popular destinations for transfers to Panama