Send bank transfers to Colombia
See below for answers to your questions about sending money to Colombia via Bank Transfer.
Which banks can I send to in Colombia?
What type of bank accounts can I send to in Colombia?
You can send to checking / current, or savings accounts.
When will funds be credited to bank accounts in Colombia?
Within 24 hours. We will notify you and your recipient by email and SMS when funds are credited.
Sometimes we may require further information to comply with our regulatory requirements (we will email you).
What currencies can I send to bank accounts in Colombia?
Colombian Peso (COP) only.
How much can I send to bank accounts in Colombia?
- The minimum you can send is USD 15 equivalent in COP.
- The maximum you can Bancolombia bank accounts is COP 4.800.000.
- The maximum you can send to other banks in Colombia is COP 15.000.000.
There may be lower limits depending on the country where you are sending from and the payment method used to fund the transfer. Please see the relevant section in Payments for more info.
Please note: Colombian regulations dictate that all remittances over a monthly cumulative amount of COP 1,911,600 will be subject to the 4x1000 tax, where 4 pesos of every 1000 past the cumulative amount will be collected in taxes at the payout location.
What information do I need from my recipient for bank transfers to Colombia?
How do I enable my recipient’s bank account to accept international transfers in Colombia?
If you're sending to your own account in Colombia, Colombian regulations mean we'll need to email you a form to fill out. All you need to do is return your completed form and your photo ID to us. You can do this here.
Colombian regulations also mean that if you're sending to someone else, our local agent will need to call them for a few extra details.
Don't worry, you'll only need to do this the first time you send!