How to Send Money to Colombia

Sending money to Colombia is easier than one might think. With the evolution of digital banking and payment applications, transferring funds has become more accessible globally, including in Colombia. Whether you prefer cash pickup, bank transfer, or mobile app transfer, leading money transfer operators are present and available in Colombia, making the process of sending money to the country more convenient. To optimize money transfers, it is important to consider the availability of your payment operator in both your country and Colombia, and the ease with which the recipient can collect the funds. Considering these critical factors, here are the most efficient and popular options for money transfers to Colombia.

The best options to send money to Colombia

• Western Union

Western Union offers versatile money transfer options. You can deposit cash at an office or make a payment via credit card or bank transfer directly from your smartphone or laptop. The exchange rate is competitive, with lower fees for larger transfer amounts. In Colombia, recipients can instantly collect the funds via cash pickup at one of the numerous offices throughout the country, into their bank account, or through a digital Western Union wallet.

• WorldRemit

WorldRemit boasts the largest network of partner banks and pickup points in Colombia for money transfers, making it an excellent and convenient option for sending money to the country. Transfer amounts can reach up to 20 million COP (approximately US$5,300), with the option for cash pickup or direct transfers to a bank account or digital banking app, including Nequi.

• Remitly

Remitly is a top choice for money transfers to Colombia, partnering with major Colombian banks such as Bancolombia, Banco de Bogotá, Davivienda, and BBVA, ensuring reliability for transfers. Similar to Western Union, Remitly offers pickup points across the country and compatibility with popular Colombian digital banks like Nequi through its mobile app.

• Xoom

Developed by PayPal, Xoom is specially designed for international bank-to-bank transfers. The app is entirely digital and accessible on smartphones, allowing users to track their transfer’s progress. Unlike other international transfer services, transactions through Xoom are relatively swift, often completed within a few hours. However, its exchange rates and fees may not be as attractive as those of its competitors.

• MoneyGram

MoneyGram is another popular choice in Colombia for money transfers. This digital app operates several pickup points across the country and offers bank money transfers in collaboration with major Colombian banks. Its user-friendly interface facilitates the money transfer process for users.