There are several ways to send money from the U.S. to Colombia, one of which is to have a relationship with a US bank that is also present 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 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.
Through banks, you can also initiate wire transfers to Colombia. A wire transfer gets the money to its destination quickly, but there needs to be a corresponding bank to receive the wire transfer. Fees can be very high for international wire transfers, but if the money needs to arrive quickly, this is a viable option.
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The money can be withdrawn from a large network of ATMs in Colombia if the debit card has the PLUS or CIRRUS logo on the back.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.
The above are some of the ways in which you can send money to Colombia. - 14915
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 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.
Through banks, you can also initiate wire transfers to Colombia. A wire transfer gets the money to its destination quickly, but there needs to be a corresponding bank to receive the wire transfer. Fees can be very high for international wire transfers, but if the money needs to arrive quickly, this is a viable option.
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.
The above are some of the ways in which you can send money to Colombia. - 14915
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