Sending Money to Colombia
There are different ways to send money to Colombia. One of these is through having a relationship with an American bank that also has a presence 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.
Transfers between two banks are also pretty easy, but can take much longer 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.
Sending a debit card with the PLUS or CIRRUS logo on the back will ensure that money can be withdrawn from a large network of ATMs in Colombia and around the world. If using an ATM card, you need to be confident that the cardholder is not accessing funds without authorization. A pre-paid debit card is the more secure way to send the exact amount of money intended for the recipient.
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.
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.
Transfers between two banks are also pretty easy, but can take much longer 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.
Sending a debit card with the PLUS or CIRRUS logo on the back will ensure that money can be withdrawn from a large network of ATMs in Colombia and around the world. If using an ATM card, you need to be confident that the cardholder is not accessing funds without authorization. A pre-paid debit card is the more secure way to send the exact amount of money intended for the recipient.
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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