Smarter international transfers. USA to Panama
The best way to send dollars to Panama from the US is different for every transaction.
This will mean getting the most Balboa for the US dollars converted.
If you’re looking for a quick answer (based on a $2,000 transfer to Panama, the cheapest, fastest and top rated ways to send money from the US to Panama are:
Best by | Provider | Exchange rate |
|---|---|---|
🏆 Top rated | 0.02% | |
💰 Cheapest | 0.01% | |
🚀 Fastest | 2.8% |
For large transactions, we always recommend searching to ensure any tax obligations in Panama are met.
Data based on a $2,000 transfer from the United States to Panama.
A wave of providers offering transfers between United States and Panama
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The United States to Panama currency exchange rates
Find out how much PAB you can buy per US Dollars at the mid-market rate.
| USD | PAB Price |
|---|---|
| 1 USD | 1.00 |
| 5 USD | 5.02 |
| 10 USD | 10.05 |
| 100 USD | 100.46 |
| 1000 USD | 1004.59 |
| PAB | USD Price |
|---|---|
| 1 PAB | 1.00 |
| 5 PAB | 4.98 |
| 10 PAB | 9.95 |
| 100 PAB | 99.54 |
| 1000 PAB | 995.43 |
Data on transfers between United States and Panama
How we ensure the best price, and service, for US dollar transfers to Panama
To be sure we give you the best transfer price from the USA to Panama we will provide customers with information on:
Best deals for US customers
We work with dozens of providers serving transfers from the US and offering different prices on buying PAB. This is paired with the quickest options for sending between the United States and Panama.
Combined, this ensures you get the best more PAB for your dollars, and ultimately the best deal.
Only regulated providers
We ensure FDIC or FinCEN regulation, or equivalents in Panama for every provider we work with on transfers leaving the USA..
This aids peace of mind and safety when sending money.
Comprehensive coverage
Get the widest range of providers supporting the US market. Including currency brokers to aid in things like forward contracts on large amounts of outgoing US dollars to Panama.
This includes being able to filter by the cheapest or fastest ways to send money from the United States to Panama.
Cheaper than banks
Banks in the US charge much more than money transfer companies for sending money to Panama.
This is because banks like Chase or BOA use intermediary services along the way, and offer worse rates on buying Balboa in US dollars, with higher fees.
Our results will tell how much cheaper than a bank every provider is for USD to PAB transfers
Wide choice of payment and withdrawal methods
All companies offering between the United States and Panama will offer a selection of payment and withdrawal methods.
This means you can fund a transfer to Panama using a bank transfer, but have the recipient collect the PAB in cash.
For reference, our data shows the cheapest (and generally fastest) way to send money from the United States to Panama is by using a Bank transfer.
Convert and send USD to a local PAB account in Panama
Select a provider that supports US customers for USD to Balboa transfers
Fund your payment into PAB using a US checking account, or debit card, with your chosen provider
Hit send! Your US Dollars will typically convert to Balboa and arrive in Panama in 0-2 working days.