A small money in Panama update: bank deposits
Cash here, as I noted in an earlier post , is the same as U.S. dollars, plus a couple of Panamanian coins. We mostly use credit cards to pay for stuff, though. However, a bunch of times here in Panama, people have indicated that one way to pay them (or their business) with a four-line description, something like Banco General Cuento Ahorros 123456789 Maria Persona Apellido I've *finally* figured out what to do with this information. Within Panama, people do ACH transfers all the time, and that's what that information is for. In the U.S., we'd typically need a routing number, too, but nobody seems to use that here. And because I don't have a Panamanian bank account, my response to that information was to stare blankly, and then try to find a different way to get the money to the right place. But my AirBnB host told me a way to deal with this. We did bring a bunch of spending money in cash with us, and since the Panamanian currency is the U.S. dollar, what we...