Are you looking for the fastest and safest way to remit money to Colombia from the USA? If yes, then you are here at the right place. In an ideal situation, it should take you a few minutes to transfer money to Colombia from the USA; however, it all comes down to the transfer service that you choose to use to do what is needed.
While the process of choosing the right option may seem time-consuming and taxing, all the hard work can seem worth it when your hard-earned money reaches your loved ones safely and at the best possible rates.
What Are the Ideal Costs for Transferring Money
Usually, sending funds include some sort of fee. The currency of Colombia is the Colombian Peso, which means that you will need to exchange the money from USD to the Colombian Peso at the time of transfer.
On that note, it is always recommended to choose a money sending method that comes with a real-time exchange rate and no hidden markups. Usually, banks have hidden markups and higher fees than financial transfer services. Weighing both options side by side can give you mental peace, knowing that you made the best choice.
Ideally, you should pay a flat fee and stick to a cheaper option than a bank transfer to get the value for your money. However, you must remember not to compromise the security of your international security for cheaper transactions. Even when it seems challenging, finding a provider with a balance of both is possible.
Western Union
When it comes to the best and fastest ways to send finances to Colombia, you can choose Western Union’s services. This money-transfer platform is not only reliable but also secure and quick. Since Western Union has more than fifty thousand stores in the USA alone, you will find that it is quite close to home.
Regarding how to send money to Colombia from USA, you are in control of the method that you want to choose. You have the liberty of sending the money through your bank. You can also use your credit or debit card to make a swift payment. You can create an account with Western Union and ensure that the recipient can pick up the cash from an agent’s location in Colombia.
For regular money sending, you can use the option of “Quick Resend” whenever you need to.
Western Union ensures that all your transactions are secure. Their assurance and up-to-date security measures are the reasons why Western Union is a good choice for expats all over the world.
Wise
You can also choose Wise to send your finances to all the countries in the world. You have the option of making the payment via your credit and debit card. The thing about using a debit or credit card is that the recipient can get hold of the money on the same day and, in rare cases – two business days.
Similar to Western Union, Wise offers some of the best exchange rates with no hidden fees. The transfer fees with Wise are lower than one percent of the sent amount. Be mindful of holidays and weekends if you want to make swift transfers.
However, people often complain about uncertain transfer timings with Wise. While this platform promises to send your funds to the recipient quickly, it can take uncertain time for the amount to reach them. From several hours to a few days, you can never be sure.
MoneyGram
If you want to send hard earned money to Colombia from anywhere in the world, you can leverage the money transfer platform of MoneyGram, which has agent locations in more than two hundred countries and regions. Just be mindful of holidays and the difference in the time zones to ensure same-day delivery.
If you choose MoneyGram, you might have to deal with transfer limits, with the maximum amount being ten thousand dollars. Nonetheless, the recipients can pick up their funds from the physical location in their area.
Looking at the limitations of MoneyGram, numerous people prefer Western Union. This platform offers more flexible transfer limits and more robust security measures.
Published By: Aize Perez
