Send money from the UK to Panama
Find out how you can save money and enjoy fast transfers when you send money to Panama from the UK.
Compare transfer speed, fees, rates and other details in our tables to see which provider is best for your money transfer needs. Type in the amount of money you wish to transfer to Panama and the table will show you suitable services.
Compare services that send money to Panama from the UK
How to send money to Panama in 3 quick steps
- Choose a money transfer provider. Compare rates and transfer fees in our table then pick the best service for your needs. Create an account on the provider’s site.
- Pick your payment method. Decide if you want to pay from your bank account, credit card or debit card.
- Send your funds. The money will be deposited into your recipient’s account, or sent to a cash pick up location in Panama.
How do I compare money transfer companies when sending money to Panama?
As with any product, you’ll find the best deal by shopping around. When you’re using our table to compare, keep the following in mind:
- Exchange rate and fees. Make sure you compare both. While one company might offer a great rate, it might charge higher fees. On the other hand, a company offering a poorer rate may have low or zero fees. Equally, some providers will waive fees if you’re transferring a larger amount.
- Pick up methods. Some transfer companies require that you transfer funds to the recipient’s bank account. Others give recipients the option of picking up cash, which can be particularly useful if the recipient does not have a bank account.
- Transfer methods. If you’re dealing with a mainstream bank you can visit a branch to transfer funds. Otherwise, depending on the service provider you choose, you can transfer funds over the phone, on an app, online, at stores or at specific kiosks.
- Transfer time. If the recipient needs money in a hurry, your best bet is to look for a service that allows cash pickups because this method normally takes no more than a day. Bank account transfers can take between one and five business days.
- Minimum transfer amounts. The minimum you can transfer can vary from one service provider to the next. While some may let you transfer as little as one Great Britain pound, some others have minimum limits as high as £1,000.
- Customer service. If you plan on transferring money to Panama on an ongoing basis, you may want to look for a company that offers high levels of customer service, along with support via phone, chat and email.
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