Send money to Colombia

Wise, Remitly, and Western Union Digital consistently offer the best USD-to-COP and EUR-to-COP rates. For transfers from Spain — the second-largest sending country — Ria and WorldRemit are also competitive. Compare total COP received, as COP exchange rate markup is the primary cost driver. Differences of COP 50,000–200,000 per $1,000 sent are common between best and worst providers.

Wise and Remitly typically deliver within 1–2 business days. PSE-enabled transfers to Bancolombia or Davivienda can arrive within hours. Cash pickup through Efecty or Gana lottery agents is available within minutes. Nequi and Daviplata wallet deliveries (where supported) arrive within minutes.

You need the recipient's account number, account type (corriente/savings), full name, and Colombian national ID (Cédula de Ciudadanía number). Common bank codes: Bancolombia (007), Davivienda (051), BBVA Colombia (013), Banco de Bogotá (001). For Nequi wallet delivery, just the registered mobile number (+57XXXXXXXXXX).

Select providers support direct Nequi and Daviplata delivery. WorldRemit supports Nequi delivery from the US, UK, and Spain. You need the recipient's registered mobile number. For Daviplata (Davivienda), delivery is usually via the linked Davivienda bank account. Both wallets support instant transfers and have millions of active users across Colombia.

Personal remittances received in Colombia are not subject to Colombian income tax. Colombians abroad sending money home are not required to pay additional taxes on these transfers. However, Colombians who are tax residents must declare total income including large remittances as part of their patrimony statement if they file taxes — it does not mean they will be taxed, just declared.