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Results for $100 USD → Colombia
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Colombia and remittances from the United States in 2026
Colombia receives around $12 billion a year from the United States. It's a corridor with a volatile COP/USD rate — the Colombian peso swings sharply week to week, which means comparing before sending can be worth 100 or 200 pesos per dollar. On a $200 transfer, that's up to 40,000 extra pesos. Data from the Bank of the Republic 2024 and DANE 2024.
From Miami to Bogotá.
From New York to Medellín.
A hundred pesos per dollar sounds like little — multiply it by a thousand.
There are 1.3 million Colombians in the United States. Most live in Florida (especially Miami), New York, New Jersey, and Texas. Each year they send around $12 billion — the second largest corridor in South America after Mexico. And because the Colombian peso is quoted in the thousands, differences across operators show up in hundreds of pesos per dollar, not in cents.
In practice that means: the best operator might deliver 4,150 COP per dollar while the worst delivers 4,000. That's 150 pesos of difference per dollar — 30,000 pesos on a $200 transfer. Multiplied by the 8 to 12 transfers many families make each year, that's between $50 and $80 USD staying with your family every year.
Sending money to cities in Colombia: 6 main areas
6 destinations where your family likely receives. Bancolombia, Davivienda, BBVA Colombia, and Banco de Bogotá dominate deposits. For rural areas, Banco Agrario has the broadest agency network. Operators like Western Union and MoneyGram have agencies in nearly the entire country for cash pickup.
Mistakes when sending money to Colombia that cost up to $80
Each of these mistakes has cost a Colombian between $10 and $80. Learn them before your next transfer.
Looking at the "fee" without looking at the rate
In Colombia, pesos per dollar vary 100–200 across operators. "$0 fee" can hide a worse rate that costs 30,000 pesos on a $200 transfer. Always look at the final pesos received, not the fee alone.
Sticking with the first provider you tried
The best provider for Colombia changes week to week depending on the COP/USD rate from the Bank of the Republic and on promotions. Comparing every time saves you $5–$10 per transfer in Colombian pesos.
Paying Express when there's no rush
"Express" in 5 minutes costs $5–$8 extra vs "Economy" in 1 day. If your family doesn't need the money TODAY, Express is wasted money. Save it for real emergencies.
Forgetting the receiving bank's automatic charge
Some Colombian banks charge a small fee when they receive an international transfer ($1–$3 USD deducted on receipt). That depends on the bank, not on the provider. Check with your family whether Bancolombia / BBVA / Davivienda charges them anything on receipt.
Paying with a credit card
Providers charge an extra 2–4% when you pay with credit because card processors charge them high fees. On a $200 transfer, that's up to $8 lost. Use debit or ACH.
Not verifying the Colombian ID number
Colombia uses a citizen ID (NUIP). If the number or name doesn't match exactly with the ID, the transfer is held. Ask your family for the exact number before sending — one wrong digit means days of delay.
Frequently asked questions from Colombians in the US
How many Colombian pesos do I get for $200 USD?
At the current Bank of the Republic rate, $200 equals the theoretical pesos shown above multiplied by 200. But each provider applies a margin: the best operator delivers roughly 1–2% less, and the worst up to 3–4% less. Real difference: up to 30,000 pesos ($7.20 USD) on a single $200 transfer.
Which Colombian banks receive remittances?
The main ones are Bancolombia, Davivienda, BBVA Colombia, Banco de Bogotá, Banco Caja Social, and Banco Agrario (the latter with broader coverage in rural areas). All major providers (Remitly, Xoom, WorldRemit, Wise) deposit to these accounts. If your family doesn't have an account, cash pickup at WU/MG is the alternative.
Does my Colombian bank charge me on receipt?
Some do, others don't. Bancolombia, BBVA Colombia, and Davivienda typically charge a fee of around 1,000–10,000 pesos on receiving an international transfer. Other banks don't charge. This depends on the receiving bank, NOT on the provider. Check with your family before sending.
Is there a tax on remittances in Colombia?
No. Colombia doesn't tax remittances received. They're exempt from withholding tax and from VAT. The only cost is the provider's fee plus the margin on the exchange rate (and the occasional charge from the receiving bank for receiving SWIFT).
How long does a transfer take to arrive?
Depends on the method and provider:
- Express (Remitly, Xoom, WorldRemit): 5–30 minutes
- Economy (Wise): 1–2 business days
- Cash (Western Union, Ria, MoneyGram): minutes after receiving the code
- Bancolombia / BBVA / Davivienda deposit: 2–24 hours
- Nequi (digital wallet): seconds at many providers
How much arrives in Colombia if I send $100 USD?
At the current Bank of the Republic rate, $100 equals the theoretical pesos shown above multiplied by 100. Providers deliver between 1% and 4% less depending on the operator and method. Difference: up to 15,000 pesos ($3.60 USD) per transfer — use the comparison tool to see who delivers more today.
Which is the best provider to send to Colombia?
There's no single "best" — it depends on the amount, urgency, and method. Remitly tends to win for amounts under $500 with cash pickup or Nequi. Wise is typically better for bank deposits thanks to a rate close to the Bank of the Republic. Xoom and WorldRemit are competitive with promotions for new users. Western Union dominates in remote areas with its agency network. Use the comparison tool above to see who delivers more pesos today.
Ready to send money to Colombia.
Compare providers and save $8–$15.
With what you've learned in this guide, your next transfer to Colombia can save you $8–$15 vs using the first provider that pops up on Google. Multiplied by 12 transfers a year, that's $100+ staying with your family.
- ✓Look at Colombian pesos received, not the "fee"
- ✓Check whether your bank charges on receipt
- ✓Send Monday/Tuesday · avoid Friday/weekends
- ✓Debit or ACH > credit card
- ✓Confirm citizen ID with no wrong digit
- ✓Compare every transfer — the best changes week to week
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Sources: Banco de la República (BanRep), Departamento Administrativo Nacional de Estadística (DANE), US Census Bureau 2020, CEPAL 2024. Macroeconomic data updated annually. COP/USD rate updated daily. Last content update: April 25, 2026.