Tips on Transferring Money to Colombia
There are several ways to send money to Colombia from the United States. One of the easiest ways to send money is to have a relationship with a US bank that is well represented in Colombia.
If the sender and recipient both have accounts with one of these banks, it might be a good idea to open an account locally in Colombia. Money being sent between accounts within the same bank is often processed quickly and at little or no cost.
Bank transfers between different banks aren't difficult, but can entail a waiting period of up to 5 business days with higher costs.
You can initiate wire transfers to Colombia through banks. A wire transfer gets the money there fast, but there must be a corresponding bank to receive it. Fees can be high for international wire transfers, but this is a good option if the money needs to get there fast.
For people who send money to Colombia regularly, another way is through an ATM or pre-paid debit card.
The money can be withdrawn from a large network of ATMs in Colombia if the debit card has the PLUS or CIRRUS logo on the back. Only use an ATM card if you trust that the cardholder is not accessing funds without authorization. A pre-paid debit card is a more secure way of sending the exact amount of money intended for the recipient.
In addition, online payment services such as ATM Cash are a popular way to get money to Colombia quickly. Online services allow you to send money 24/7 from your computer and for a less amount of money.
These are some of the methods you can use to transfer money to Colombia
If the sender and recipient both have accounts with one of these banks, it might be a good idea to open an account locally in Colombia. Money being sent between accounts within the same bank is often processed quickly and at little or no cost.
Bank transfers between different banks aren't difficult, but can entail a waiting period of up to 5 business days with higher costs.
You can initiate wire transfers to Colombia through banks. A wire transfer gets the money there fast, but there must be a corresponding bank to receive it. Fees can be high for international wire transfers, but this is a good option if the money needs to get there fast.
For people who send money to Colombia regularly, another way is through an ATM or pre-paid debit card.
The money can be withdrawn from a large network of ATMs in Colombia if the debit card has the PLUS or CIRRUS logo on the back. Only use an ATM card if you trust that the cardholder is not accessing funds without authorization. A pre-paid debit card is a more secure way of sending the exact amount of money intended for the recipient.
In addition, online payment services such as ATM Cash are a popular way to get money to Colombia quickly. Online services allow you to send money 24/7 from your computer and for a less amount of money.
These are some of the methods you can use to transfer money to Colombia
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