Quarterly cost of sending 200 USD worth of remittances to Colombia 2023, by method
Remittance fees for bank account transfers to Colombia were nearly one percentage points higher than those for credit cards. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia. Remitting towards Colombia incurred an average cost of roughly 6.1 percent over the course of 2023. Remittances that were initiated with cash took up approximately 95 percent of all remittances towards the Latin American country in 2023.