Home Forums Money, Banking & Cost of Living Banking & Money Transfers Banking & money transfers in Panama — the basics

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    Managing money as an expat takes a little setup. General pointers from the community:

    • Panama uses the US dollar, which keeps things simple for many North Americans.
    • Opening a local bank account can require residency and references — ask locally about current requirements.
    • For international transfers, compare fees between banks and services.

    How do you handle transfers and everyday spending here?

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