How to send money to Colombia
Learn how to transfer money to Colombia at the lowest cost in a few easy steps
1. Check the COP exchange rate against your own currency
Even though the currency market is impossible to predict, it is a good idea to monitor it in order to maximize how much you will receive against your sending currency. We advise our users to take advantage our smart alerts to track the COP mid-market rate against your currency.
2. Compare 12 money transfer providers sending money to Colombia and find the best deal.
There are many money transfer companies to send money to Colombia, such as TransferWise, Western Union, MoneyGram, Xendpay, InstaReM. Sending money with the right money transfer provider from the available options is a sure way to save money.
3. Pick the best option that suits your needs
Decide if you’re looking for the provider with the lowest total cost, the faster transfer time, best ratings, or the best compromise.
It is also important to have a look at the payment solution and pay-out options. You may have the possibility to pay your transfer by bank wire or by debit or credit cards. In Colombia, you can decide if your want the amount in COP to be transferred to your recipient's account or be available for cash pick-up.
4. Sign up and get started wih your transaction to Colombia with the service of your choice
Visit the provider's website to sign up (you usually have to provide documents to prove your identity), and set upyour money transfer to Colombia.