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We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.
To transfer euros to a bank account in Colombian pesos in Colombia, Remitly is the provider giving you the most Colombian pesos for your money with zero transfer fees and a competitive EUR-COP exchange rate (current rate: 1 EUR = 4,450.66 COP).
In comparison, the total cost of your transfer would be 6.33 EUR (which is roughly -2x more) if you were to use Wise to make the same transfer.
If the person you're sending money to wants to get Colombian pesos in cash in Colombia, then the most competitive provider currently is Remitly, with no transfer fees and a competitive EUR-COP exchange rate (currently at 1 EUR = 4,450.66 COP).
When taking the exchange rate and the fees into account, the total cost of your transfer to a cash pick-up location in Colombia with Remitly is -3.85 EUR, in comparison the total cost of your transfer would be 4.08 EUR if you wanted to use WorldRemit for the very same transfer with cash pick-up as the pay-out option.
This recommendation was updated a few minutes ago.
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Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to Colombia.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.