Is cash still widely used?
Yes, outside Panama City. The capital has excellent card infrastructure at tourist businesses, malls, and restaurants. However, rural Panama, the San Blas Islands, Bocas del Toro’s local businesses, and indigenous communities are cash-only.
ATMs and withdrawing cash
ATMs are widely available in Panama City. Banco Nacional and BAC Panama machines accept foreign cards.
- Fees are around $5 USD per withdrawal for foreign cards
- Good availability in the capital; limited in San Blas and remote areas
- San Blas Islands have no ATMs — bring all necessary cash from Panama City
Card acceptance
Good in Panama City. Visa and Mastercard are accepted at hotels, restaurants, and malls. Outside the capital, cash is essential.
Tips for travelers
- San Blas Islands require cash for everything — accommodation, food, and boat rides
- Bocas del Toro’s local side requires cash for most transactions
- Tipping 10% is customary in restaurants
- Panama City’s banking infrastructure is among Central America’s best