How to Send 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.
Money being sent between accounts within the same bank is often processed more quickly. Therefore it might be a good idea to open an account locally with the same bank so that the recipient can get access to funds faster.
Bank transfers between two different banks are also relatively easy, although moving money from one bank to another can entail a waiting period of up to 5 business days with substantially higher costs.
Another way of getting money to Colombia quickly is through a wire transfer. This gets the money to its destination quickly, but fees can be very high and there must be a corresponding bank to receive the wire transfer.
Another way to send money to Colombia is through either an ATM card or a pre-paid debit card. In an emergency this may not be the best method, since it takes time for the card to be sent to the person receiving the funds, but for people who send money regularly to family in Colombia, the pre-paid debit card or ATM card is a good option.
Make sure you have a debit card that will ensure money can be withdrawn from a large network of ATMs in Colombia. If using an ATM card, make sure you trust that the recipient is not accessing funds without your permission. A pre-paid debit card is a safer way to ensure the recipient receives the exact amount of money intended.
In addition to these methods online payment services, such as ATM Cash, are becoming a more popular way to send money to Colombia. The process moves the money quickly and the fees are relatively low.
The above are some of the ways in which you can send money to Colombia.
Money being sent between accounts within the same bank is often processed more quickly. Therefore it might be a good idea to open an account locally with the same bank so that the recipient can get access to funds faster.
Bank transfers between two different banks are also relatively easy, although moving money from one bank to another can entail a waiting period of up to 5 business days with substantially higher costs.
Another way of getting money to Colombia quickly is through a wire transfer. This gets the money to its destination quickly, but fees can be very high and there must be a corresponding bank to receive the wire transfer.
Another way to send money to Colombia is through either an ATM card or a pre-paid debit card. In an emergency this may not be the best method, since it takes time for the card to be sent to the person receiving the funds, but for people who send money regularly to family in Colombia, the pre-paid debit card or ATM card is a good option.
Make sure you have a debit card that will ensure money can be withdrawn from a large network of ATMs in Colombia. If using an ATM card, make sure you trust that the recipient is not accessing funds without your permission. A pre-paid debit card is a safer way to ensure the recipient receives the exact amount of money intended.
In addition to these methods online payment services, such as ATM Cash, are becoming a more popular way to send money to Colombia. The process moves the money quickly and the fees are relatively low.
The above are some of the ways in which you can send money to Colombia.
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