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To transfer euros to a bank account in Colombian pesos in Colombia, XE Money Transfer is the provider giving you the most Colombian pesos for your money with zero transfer fees and a very competitive EUR-COP exchange rate (their current exchange rate is 1 EUR = 4,423.31 COP).
You need the money in cash? No problem, we list several money transfer providers able to send Colombian pesos for cash pick-up in Colombia: Remitly is the provider giving you the most Colombian pesos for your money with no transfer fees and a competitive EUR-COP exchange rate (current rate: 1 EUR = 4,334.97 COP).
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❌Let's start with the most expensive solutions: banks, cash-based money transfer, and e-wallets like Paypal are in general super-expensive options for sending money from Spain to Colombia when you take into consideration all fees (incl. hidden currency exchange rate margin).
✅Thankfully, there are plenty of online money transfer services with transparent & cheap fees and excellent exchange rates. You can compare them all on Monito and find the cheapest way to send money from Spain to Colombia.
The best way to send money from Spain to Colombia depends on various factors:
Yes, the transfer from Spain can be collected in Colombia in various pick-up locations. Sending money to a pick up-location is an excellent option when ex. a beneficiary does not have a bank account.
With Azimo you can pick up the money from more than 890 cash-pick up locations in Colombia, including:
With Azimo, the money can be delivered on the same day to any pick-up location in Colombia.
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.