- Send money online within minutes
- Large range of destinations
- Able to send to cash pickup locations
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Looking for the best way to send money from Australia to family, friends or businesses in Panama (or even to your own bank account)? Don't head straight to your Australian bank - turn to online money transfer services instead. They nearly always offer better exchange rates and lower fees - which means for the same amount of dollars you send, the recipient will receive more balboas.
Use our table below to compare services that send money from Australia to Panama. Compare the money transfer providers' fees and speeds, then click "Go to site" when you've found the best one to send your Australian Dollars to Panama.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Here's our simple process for sending a money transfer to Panama as a cash pickup or bank transfer - the two options are similar:
If you send to a Panamanian bank account, your recipient just needs to wait for the funds to arrive. For a cash pick up, your Panamanian recipient will need to show some form of photo ID in order to pick up the funds. It's also important that you give them the transaction reference number to streamline the process.
How to decide which option is best for you to send money to Panama.
To send money from Australia to Panama, you'll need the following:
Most providers require a driver's license, passport or other Australian government-issued ID. You can send transfers without the above but may need to give alternate ID instead.
Your options depend on the provider's services. Popular methods include cash, debit or credit card payments, bank account transfers and personal cheques.
You'll need their name (matching their ID) plus contact details. If sending to a Panamanian bank account, you'll need the a/c number, SWIFT and branch details.
To collect money in person in Panama, the recipient will need:
The reference number - sometimes called a PIN, MTCN or tracking number.
A official ID, such as a Panamanian passport or driving license.
To know how much has been sent, usually to within 10% of the total.
The sender's name and address and the country from where the money was sent.
The cost of sending money to Panama from Australia depends on the exchange rate between AUD to PAB, the fees, how you want your recipient to receive your transfer and the turnaround time:
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