Which are the best ATMs in Panama for foreigners - free & high limits?

During my Panama trip, I mostly used Multibank and Banco General ATMs. My Wise Visa worked at Banco General with a $250 limit and $5.25 fee. Revolut Mastercard worked better at Multibank with a $500 cap. I withdrew once every few days for meals, taxis, and local purchases, while big expenses went on card. Panama is card-friendly, but cash was useful in markets and smaller towns. Overall, ATMs were modern and reliable but definitely not fee-free.

ATM fees in Panama are high. My HSBC debit card at Banco General was capped at $250 with a $5.25 fee, which meant multiple transactions for larger amounts. Some ATMs in smaller towns rejected my card completely. Independent ATMs in tourist areas charged $7-8 per withdrawal, which was ridiculous. Best advice: stick with Multibank if you need larger withdrawals, and avoid using ATMs in airports or convenience stores, as they have the steepest fees.

Panama was fairly straightforward for ATM use. My Monzo Mastercard worked fine at Multibank in Casco Viejo, and I was able to withdraw $500 in one go, paying a $5.50 fee. Banco General also worked well with my Revolut Visa. I only withdrew once since I paid for hotels and tours with my card. ATMs gave out clean USD notes, which was convenient. Compared to other Central American countries, Panama felt very safe and modern for cash withdrawals.

In Panama, Banco General, Multibank, and BAC are the most reliable ATMs for foreign cards. I used my Wise Visa at Banco General in Panama City, withdrawing USD 250 with a $5.25 fee. Multibank ATMs allowed USD 500 with my Revolut Mastercard, though they charged $5.50. BAC also worked with my Monzo Visa, but the cap was $250. ATMs are everywhere in cities, but most have fees, so take out the maximum per transaction.