Traditional banks, PayPal and some currency exchange businesses do charge unnecessarily high fees. residents send around $1.8 billion USD to Colombia every year. You’re Probably Paying Too Much To Send US Dollars to Colombia We’ll share the cheapest and best money transfer providers, that way, the person getting the pesos has more cash in their pockets, and that’s good for both of you. Whether you’re paying your salary into your Colombian bank account, sending money to family or friends, or planning a holiday, we can help. Whatever your needs, we’ll save you money. We help you find the simplest, quickest and most secure ways to convert your money and send it from the United States to Colombia. dollars (USD) to Colombian pesos (COP), you want to keep your currency exchange fees to an absolute minimum. The Best Ways to Transfer Money From the United States to Colombia
While MoneyGram and Western Union are popular services for delivering cash to Colombia, digital providers such as Remitly and WorldRemit usually offer better deals. 4 - Cash Transfer From the US to ColombiaĪ popular way to send money from the US to Colombia is using a cash pickup transfer. Fortunately, it's possible to send money this way at this time, and if you're sending money to a Colombian bank account, we recommend using Wise (rather than Western Union) to get the job done, as it's normally the cheaper option. Many people wonder whether or not they can use Google Pay to send money from the US to Colombia. Learn more about why online platforms are better than banks for international transfers in our in-depth guide. This is why we generally don't recommend banks to get the job done. In fact, sending money from the US to Colombia with Wells Fargo, for example, can be around 10% more expensive than making the same transfer with a top money transfer service online. This is because bank transfers go over SWIFT, which involves many steps along the way. However, it's very expensive and transfers usually take a long time to arrive (between two and five business days). Using your bank - whether it be Wells Fargo, Bank of America, Citibank, Capital One, or any other - is indeed a reliable option for sending money from your bank account to a bank account in Colombia. 2 - Bank Transfers From the US to Colombia Find out more about money transfer services here. In general, money transfer services are the best way to send money abroad because they're the cheapest and usually the fastest and easiest-to-use options out there. There are several top online transfer platforms that offer USD to MXN transfers, including: Using an online international money transfer service is the fastest and cheapest way to transfer money from the US to Colombia.
#Usd to colombian peso how to
1 - How to Transfer Money to a Colombian Bank Account Another option will be to use an international money transfer service. One will be to go through your bank (which we don't recommend because of the high fees). You'll have two main options if you send money from the US to Colombia. How to Transfer Money From the US to Colombia
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