Quarterly cost of sending 200 USD worth of remittances Spain Colombia 2023, by method
Remittances between Spain and Colombia were noticeably more expensive when using bank account transfers than other payment instruments available. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia, but then specifically sent from Spain. Remitting from Spain towards Colombia incurred an average cost of roughly 6.3 percent over the course of 2023. Spain ranked as Colombia's third-most likely country of origin of remittances during the same year.