How to send money to Colombia
Find out how to transfer money to Colombia at the lowest cost in 4 easy steps
1. Make sure the COP mid-market rate is favorable
Even though the currency market is fluctuating, it is a good idea to stay on top of it in order to maximize how much you get after the conversion. It might be interesting for you to subscribe to our smart alerts to stay updated about the evolution of the COP exchange rate.
2. Go with the best deal by comparing the available options.
Monito lists 12 companies to send money to Colombia, such as TransferWise, Western Union, MoneyGram, Xendpay, InstaReM. Using the most competitive money transfer provider from the more than 12 available options is a sure way to save on costs.
3. Choose the best money transfer company for your needs
Do you want to send money to Colombia at the lowest total cost, with the highest speed of transfer or with the best rated provider?
Another important aspect is to pay attention to the options to pay for the transfer and receive the money. Local bank transfer, debit and/or credit cards are the most common payment options to send money to Colombia online. At the other end, in Colombia, look at different options if you need the converted amount to be sent directly to the recipient's bank account or be available for cash pick-up.
4. Sign up and get started wih your money transfer to Colombia with the company of your choice
It is now time to sign up on the money transfer provider's online portal - be ready to upload a copy of your ID and/or a proof of adress - and provide the details of your transfer.