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Send money to Panama

Paying your suppliers or making any sort of business payments to Panama? Silverbird has you covered. No transfer limits, no delays and the best human support you’ve ever experienced in banking.

Silverbird rated excellent by Trustpilot
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Why businesses should use Silverbird to transfer money

Send money to Panama

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Onboard fast - without the headache of endless paperwork.

Send money to Panama securely

World-class security

From data encryption to custom controls, our robust security keeps fraud at bay.

Easily send money to Panama

No unfair rejections

International merchants welcome. We accept non-resident directors and UBOs.

How to send money to Panama

If you want to send money to Panama, just open an online business account with Silverbird. It’s a hassle-free, 100% online process that takes minutes to complete. Best of all, you won’t have to submit any physical documents or visit a branch.

Start by submitting your personal and business details so we can verify your identity, which usually takes up to 3 business days. Once your account is set up, simply enter the amount you want to transfer from your United States dollar (USD) account. Add the recipient’s details. Check the fees and exchange rate. Finally, confirm the transfer.

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How to send money to Panama
How long will a money transfer to Panama take?

How long will a money transfer to Panama take?

With a 98% frictionless transaction rate, the majority of business payments are executed in a matter of minutes.

However, the time it takes for an international transfer to Panama varies depending on the payment method, the banks involved, the country of origin and the specific money transfer service you use. Usually, instant faster payments take up to 2 hours, while SWIFT and SEPA transfers are processed between 1-5 business days.

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How much does it cost to send money to Panama?

Silverbird has no setup or monthly fees. When you send money to Panama you only pay transaction fees tailored to the needs of your business. As an onboarded Silverbird client, you will receive a transparent pricing plan when you open an online business account with us.

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How much does it cost to send money to Panama?

Why use Silverbird for payments to Panama

See how a Silverbird account compares to traditional banks

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Traditional banks
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No UK/EU address needed
Multi-currency accounts
Competitive exchange rates
Bank level security
Efficient compliance procedures
International trade support
Human support

Open a Truly Global Business Account to send and receive payments from virtually anywhere*.

30+ currencies. No transfer limits.

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*Supporting more than 210 payment corridors worldwide.

Our customers love us

Customer initials


Trustpilot 5 stars

Great platform

Great platform for fast international payments. Amazing support. Very happy.

01 January 2023

Customer initials


Trustpilot 5 stars

Easy and fast

Transferring money is easy and fast. Very much satisfied! Thank you very much!

06 September 2023

Customer initials


Trustpilot 5 stars

Great experience

It’s good to have a responsive account manager to help with any requests.

05 December 2023

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M Saatli

Trustpilot 5 stars

Next level banking

The service is beyond my expectations, with top quality customer service.

03 January 2024

Peace of Mind with every payment to Panama

Peace of Mind with every payment

Silverbird is a licensed Electronic Money Institution regulated by the UK Financial Conduct Authority (FCA). You’re in safe hands.

Read more about safeguarding.

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Best ways to transfer money to Panama

A borderless, multi-currency business account is the best way to transfer money to Panama. A wire transfer, is usually more expensive. Businesses sending large sums of money to Panama should open a multi-currency account to take advantage of better exchange rates, security and transfer speed.

Here are some popular methods for transferring money to Panama:

• Multi-currency accounts
• Wire transfer
• E-wallet

Safely and securely transfer money to Panama

Silverbird is an EMI-certified UK financial institution that follows all industry-standard regulations and best practices to protect your funds. We safeguard your money with Tier-1 UK and EU banks, use industry-leading TLS encryption protocols to secure your data, and two-factor authentication to protect your account.

What you will need to send money to Panama

To send money to Panama, you will need the full name, sort code, account number, name of the recipient’s bank, and reason for the transaction. You will also need either a bank account, online payment provider or multi-currency account.

How much money can I send to Panama?

The amount of money you can send to Panama depends on the bank or payment provider you use, and the type of account. Personal bank accounts enforce daily limits of up to £50,000 (Barclays), while Bank of Scotland business account holders have a daily transfer upper limit of £250,000. If you open an online business account with Silverbird, you can send money to Panama with no transfer limits.

Sending large amounts of money to Panama

If you send large amounts of money to Panama — anything upward of $10,000 — your transaction may be delayed. Banks must comply with anti-money laundering regulations to scrutinise large transactions, which are sometimes flagged as suspicious. If you open a Silverbird multi-currency account, you can send large sums of money overseas frictionlessly.

Can I send a SWIFT payment to Panama?

Yes, you can send a SWIFT payment to Panama. SWIFT transfers usually take 3-5 days. If you want to send an instant payment, opt for an online payment provider like Silverbird.

Can I send a SEPA payment to Panama?

Yes, you can send a SEPA payment to Panama if the country of origin is a member of SEPA (Single Euro Payments Area), which includes all EU member states, as well as Switzerland and the UK.

Borderless payments for global business

Get the multi-currency account built for quick and easy international payments, with no limits.

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