Send Money to Colombia Despite the Reduced Choices

by Dave Thomason on Jun 13, 2013

About $4.5 million 67146 was utilized in Colombia in 2007 alone, by having an average of about $300 per month per person who sends money. Taking a look at these facts, it is no surprise there are so many approaches to send money to Colombia. When you have conducted a company transaction in Colombia, sending cash is necessary. Before you come to a decision, think about the techniques to send money to this currency in Colombia is the peso, or COP, and has been since 1837. As of 2009, $1 USD is corresponding to 2,043.82 pesos. You should element in the present exchange rate before deciding the amount of money to send, which is why educating yourself regarding the Colombian currency is a must. Lest it's counterfeit, still another element of giving money to think about is the price your selected method may cost.Though many banks do provide transfers to Colombia, the large amount of money laundering in this state attempts many banks from accepting money. Some banks also opt-out of transferring income to this region because of the reports of bribes and other illegal activities at its bank branches. However, if you merely need to send money to Colombia, you may still go this route, just with fewer options than many areas.Citibank provides its Global Transfers assistance to those who need to send money to Colombia for $10. You simply need your recipient's name and account number. The resources is likely to be available immediately within your recipient's Citibank Colombia account. You may also produce a cable transfer to a different lender in Colombia for $30 to $40 each. As a broker bancolombia provides similar ser-vices, and has a location in New York.If you desire to avoid banks when you deliver cash to Colombia, you may use a separate company. If you go this way, you may just send money from your bank account or even from money to your recipient's bank account or an area in Colombia. Some of the larger cities like Bogota, Medellin, Cartagena, Barranquilla, and Santiago de Cali are saturated in places where your person may get their income, often at banks, grocery stores, and the article office.If anyone you're using the services of in Colombia doesn't want to give you their banking account number, it's understandable. You can bypass the problem by sending them a prepaid bank card. You can then include money to it for-a fee of only $5 to $8, depending on the organization you choose. This works specially well if you want to purchase products and services from their store often. They will get the money straight away, and can use the card at ATMs and stores to get money out.If before, the possibilities can be overwhelming you have never sent money to Colombia or some other state. You will have to choose what type is most effective for you and your beneficiary. But it comes to counterfeit money and bank bribery educating your self on the state of affairs in Colombia, particularly, can help you constitute your brain.

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