How to send money to Colombia
Find out how to send money to Colombia with the best COP exchange rate in 4 easy steps
1. Check the COP mid-market exchange rate against your own currency
Making your transfer at the right time can help you save money. We recommend our users to take advantage our smart exchange rate alerts to follow the evolution of the mid-market.
2. Compare the 12 money transfer companies available for transfers to Colombia in order to find the best option.
Monito lists 12 money transfer companies to send money to Colombia, such as TransferWise, Western Union, MoneyGram, Xendpay, InstaReM. Optimize your transfer by comparing them all and find the most competitive one for your upcoming transfer.
3. Select the best money transfer company for your needs
Select the money transfer service with the lowest fees and best exchange rates, the faster transfer time, best reviews, or a good combination of the three.
In addition, you may want to take into account the pay-in and pay-out methods. You can often have money transfer services offering to you the option to pay by bank transfer, some will also allow you to pay with your credit and debit cards. On the recipient's side in Colombia, you often have to decide if you want the converted amount to be transferred to your recipient's account or received in cash (from an agent location).
4. Sign up and start your transaction to Colombia with the company of your choice
Go to the money transfer provider's website to sign up - be aware you will often need to upload a copy of your ID and/or a proof of adress - and configure your transfer.