How to send money to Colombia

Safe, secure and cost-effective transfer options when you need to send money to Colombia.

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Sitting at the northern tip of South America, Colombia is a culturally diverse nation known for its lush rainforests, craggy mountain peaks and world-famous coffee. Since thousands of Canadian tourists visit Colombia each year, it’s a bit of a hot spot for international money transfers. Check out our handy money transfer guide if you’re looking to send money to Colombia in the near future, to find the most competitive exchange rates and lowest fees.

WorldRemit International Money Transfers Offer

Send money to Colombia with WorldRemit

WorldRemit can help you get your money where it needs to go in minutes, with upfront exchange rates and low fees.

Use promo code FINDERCA on your first transfer and pay zero fees. T&Cs apply.

  • Transfers to 150+ countries
  • Send to bank account, cash pickup, mobile money, airtime top up
  • Pay with card, Interac or Apple/Android Pay

    Compare money transfer services below

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    CAD 1 1 - 2 days CAD 1.99 2829.752 COP
    Special offers like free transfers and better exchange rates available for new customers.
    Quick, affordable transfers around the world with both express and economy options.
    Go to site Show details
    CAD 0 Within an hour CAD 3.99 2849.781 COP
    Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
    An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
    Go to site Show details

    Compare up to 4 providers

    The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

    Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

    Banks versus money transfer companies

    If you want to send money from Canada to Colombia, you have a couple of options at your disposal. Two notable ways to send money to Colombia include your bank or an online money transfer company.

    • Bank. Banks are notorious for offering mediocre exchange rates and charging high fees (typically between $20 and $100) on international transfers, so even a small transfer can end up costing an arm and a leg.
    • Money transfer company. If you’re looking for a more affordable option, consider the services provided by a wide range of online money transfer providers like TorFX and WorldRemit. These companies offer quick and affordable transactions to thousands of destinations around the globe, with low fees (typically between $0 and $20) and competitive exchange rates.

    Case study: Carlos sends money to Colombia

    Carlos has been living and working in Vancouver for a couple of years and he intermittently sends money home to his parents, who run a small market stall in Bogotá. Carlos has always used his bank to facilitate wire transfers, but is fed up with their sub-par exchange rates and a steep $45 fee per transfer. He decides to compare two online money transfer providers to see if he can track down a better deal. The comparison below is based on exchange rates in the spring of 2018, so check current rates before making your choice.

    Money Transfer Service 1Money Transfer Service 2
    Exchange rates
    CAD$1 = COP 2,000
    CAD$1 = COP 2,150
    Transfer fees
    Amount received (for $1,000)
    COP 2,000,000
    COP 2,150,000
    Transfer speed
    2 – 5 days
    1 – 2 days
    Options available
    Bank-to-bank transfer
    Bank-to-bank tranfer
    or cash pick-up

    Carlos realizes that he can save COP 150,000 (around $65) in the exchange rate with the second money transfer option, with an additional $15 in fees. If Carlos sends money every month, this amounts to almost $960 over the course of one year.

    How do I compare service companies when transferring money to Colombia?

    • Exchange rates. Compare the exchange rates offered by a number of transfer companies before you settle on a service. Some companies will offer less competitive exchange rates but charge lower fees while others may offer more competitive exchange rates alongside higher fees.
    • Transaction fees. Many transfer companies charge lower fees than the bank, and a select few even provide zero-fee services. The best way to be sure you’re getting the best deal is to compare 3-4 services.
    • Transfer methods. Ask about transfer methods, which can include cash pickups, bank-to-bank transfers and even mobile wallet top-ups, before you settle on a service.
    • Bonus features. Some companies specialize in providing one-off transfers only, but others can offer flexible features such as forward contracts and limit orders which allow you to book a lower exchange rate in advance of your transfer.
    • Transfer limits. Check to see whether the company imposes any minimum or maximum transaction limits, and be aware that monthly and daily limits may also apply.
    • Turnaround time. Search for a fast service if you’re on a tight timeline – cash pick-ups can process in a matter of minutes – but aim for a dedicated money transfer service like TransferWise or World First if you want to save money on exchange rates and fees.
    • Customer service. Make sure you can easily access a 24/7 customer support team if you have questions about your transfer.

    How do I send money to Colombia from Canada?

    • Bank transfers. Canadian banks can easily organize wire transfers to Colombia but be forewarned that this will typically the most expensive option.
    • Money transfer companies. Money transfer providers like OFX and TransferWise can offer convenient and affordable international transfers to Colombia.
    • Cash pickup transfers. Western Union and MoneyGram offer easy and fast cash transfers to Colombia, although they typically charge higher fees than money transfer companies.
    • PayPal. Send money from Canada to Colombia with PayPal, provided both you and your recipient are account holders.
    • International cheques. Order an international cheque or draft from your bank and send overseas using snail mail.

    Emergency cash transfers to Colombia

    In the event of an emergency, cash pick-up options like MoneyGram and Western Union are designed to send your money to one of their hundreds of thousands of agent locations across the world in as little as 10 minutes. Just beware that while these companies can be a lifesaver when you’re in a tight spot, they’re often more expensive than a bank-to-bank transfer. If you have a flexible timeline, it can pay to look at companies like TransferWise or TorFX to complete your transaction.

    Tips for picking up cash

    The Government of Canada recommends that Canadian visitors to Colombia exercise a high degree of caution (as of 21 August 2018) due to an increase in violent crime. Street crime which includes pickpocketing, bag-snatching and robbery is common, particularly in larger cities such as Bogotá, Cali, Medellín and Santa Marta. If you do need to collect cash, look for an agent location in a safe neighborhood and call ahead to make sure they’ll have cash on hand. Visit during daylight hours in the company of a good friend and return to your hotel to stow your cash in a safe place as quickly as possible.

      What are the steps to send money to Colombia?

      The basic steps you’ll need to follow when sending money to Colombia are as follows:

      1. Sign up for an account. Once you’ve chosen a transfer company, you can usually register for a free online account using your name, contact details and proof of ID.
      2. Enter your transaction information. Specify the amount of money you want to send and the currency, and fill in your recipient’s banking and personal details.
      3. Complete your transfer. Review your payment details as well as the full cost of your transaction and then submit your transfer. You will most likely receive a reference number you can use to monitor the progress of your funds. Keep this reference number in case you have any problems.

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      2 Responses

      1. Default Gravatar
        larryJune 27, 2016

        is there a limit of how much money i can send to colombia from australia ? thank you

        • Avatarfinder Customer Care
          ClarizzaJune 27, 2016Staff

          Hi Larry,

          Thanks for your question.

          The maximum amount you can send to Australian from Colombia will depend on the money transfer service you choose. It’s best to check with the company to find out whether there’s a maximum amount on money transfers.

          Hope this helps.


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