Fees

trpanama60
Contributor
Contributor

I am visiting Panama and would like to giveg money to someone here who has asked that it be sent to her bank in Panama.  I know that transferring money from my US bank account will cost me $3.  How much will it cost the recipient?

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2 REPLIES 2

Whac-A-Mole
Frequent Advisor
Frequent Advisor

if her account is in PANAMA,then her local currency is in PANAMIAN ,your US dollars will be converted to local currency when she transfers to her bank account ,Paypal charges a 2 1/2 % conversion fee plus whatever the exchange rate is

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phyzzzy
Contributor
Contributor

Panama uses US Currency. 

 

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