How to send money to Colombia from Australia

Nilooka Dissanayake avatar
Written by   |  
David Boyd avatar
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Updated 14 Nov 2022
Send Money AUD to COP (Colombian Peso)

Are you looking for the best way to send money from Australia to a family member, friend, or business in Colombia?

Recipients will get more pesos if you send money to Colombia from Australia with an online international money transfer service because they offer a better exchange rate and lower fees.

Need to transfer money to Colombia from Australia?

Best ways to send money to Colombia

Wise Money Transfer

On website

Highlights

  • Wise Borderless multi-currency receiving accounts. This gives you access to a digital currency wallet that you can hold and transact in over 50 currencies.
  • Borderless Debit Card. The FX optimised debit card is attached to your Wise Borderless account that can be used to withdraw or pay for purchases in foreign currency within or outside Australia.
  • Android and Apple Apps. Indulge convenience by transacting thru the Wise App anytime and anywhere!
  • Fund options. Loads of options to fund your Wise account including transfer from Debit and credit cards, or thru a local bank transfer. Quick and easy!

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.
Remitly

On website

Remitly

Highlights

  • Enjoy great exchange rates and low fees.
  • Every transfer carries a delivery promise. Have your money delivered on time or get your money back.
  • Safety and security. Remitly uses industry-standard security protocols and encryption.

Pros

  • Low transaction fees.
  • Plenty of delivery options.
  • Wide global network, covering 50+ currencies and countries.
  • Highly rated customer support.

Cons

  • Fees apply when you fund your account using a credit card.
  • Transfer limits apply.
Instarem

On website

Instarem

Highlights

  • Use the promo code FINTY and get AUD $30 bonus on your first transfer. Terms and Conditions apply.
  • Send money and earn points.
  • Enjoy low fees, and great FX rates. No hidden charges.
  • Transfer money to 55+ countries.

Pros

  • Transfer fees are between 0.25% to 1%.
  • Earn loyalty points.
  • Dedicated customer support.
  • Mobile apps.

Cons

  • There is no cash pick-up option.

Compare more money transfer services before you send money to Colombia.

First time sending?

How to send money to Colombia from Australia

Online money transfer services offer a fast, convenient, and cheaper way to send money to Colombia from Australia. If you've never used one before, this step-by-step guide explains how they work.

  1. Choose a money transfer service. You can find established services listed on this page.
  2. Create your account. Some personal information and proof of identification will be required. Can be completed online within a few minutes.
  3. Set up the transfer. Enter the recipient's details and choose how you want to have funds delivered or collected.
  4. Choose how you will pay for the transfer. You can use a bank transfer or debit card. Some services also support credit card payments. Note that your choice of funding method affects the total time it will take for the transaction to be processed.
  5. Send. Share the tracking link or reference number with the recipient so they can track its progress.

What are the fees and charges?

Costs for sending money to Colombia from Australia

  • Service fee. The amount of money a money transfer service charges to send will vary depending on the amount of money being sent, how it is being delivered, and how the transaction is being funded.
  • Collection fee. Charged if the recipient is to pick up cash.
  • Delivery fee. Charged if cash is to be delivered to the recipient’s address
  • Cash advance fee. Charged by the credit card issuer when funding a money transfer with a credit card. The cash advance interest rate will also be applied.
  • Exchange rate. The impact of the exchange rate can be quite profound for larger transfers.

Looking for other options?

Alternative ways to send money to Colombia from Australia

Some other ways to send money to Colombia include using a traditional bank transfer, sending a money order, or using a prepaid debit card.

  • Bank transfer. Convenient since you don't need to open another account, but generally more expensive and slower compared to an international money transfer service.
  • Crypto. Although crypto prices can fluctuate wildly, this risk can be mitigated by sending a stablecoin. However, it may take some time for you or the recipient to be ready to use crypto.
  • Money orders. A slow but reliable way to transfer money.
  • Money transfer agents. Found in most large towns and cities, but may not have the most competitive exchange rates.
  • Prepaid cards. Suitable for small transfers where speed is not important. Unsuitable for large transfers due to limitations on how much the card can hold and ATM withdrawals.

Still not sure?

FAQs

How long does it take for money sent from Australia to arrive in Colombia?

The time frame will depend on the method used to send the money. For example, a bank transfer can take a few days, while money sent with a money transfer service can arrive within minutes.

Can I send money to Colombia if the recipient has no bank account?

Yes. You can still send money through a transfer service if the recipient has no bank account. The sender can configure the money transfer so the recipient can collect cash from a specific location, or a courier can deliver the cash. Alternatively, you could use a money order, send crypto, or even send a prepaid card.

Is it safe to send money to Colombia from Australia?

Yes, sending money to Colombia from Australia is safe when you use a reputable company. We only list established money transfer services on Finty.

Can I send a money order to Colombia from Australia?

Yes, purchasing a money order in Australia and sending it to Colombia via postal mail or tracked courier is possible. The recipient can then cash the money order at a bank, credit union, local post office, etc.

Can I use my credit card to send money to Colombia from Australia?

Yes. You can fund a money transfer to Colombia with a credit card. However, your credit card issuer may charge a cash advance fee since the transaction will most likely be classified as a cash equivalent. Additionally, the transaction will immediately incur interest at the cash advance rate.

Can I send cryptocurrency to Colombia from Australia?

Yes, cryptocurrencies such as Bitcoin and Ethereum can be sent to Colombia from Australia. The recipient can then choose whether to sell the crypto for cash or use it to transact in stores and with people who accept it.

As seen on

Media - The Sydney Morning Herald
Media - Yahoo Finance
Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business