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Transfers to Colombian Pesos

Here you'll find everything you need to know about sending to Colombian Pesos (COP). For more information and to get started with your first transfer, click here!

Unfortunately, we cannot yet receive transfers from Colombia. To request them, please click here

Note: Please make sure to provide your recipient's fully working Colombian phone number when setting up a transfer to COP on your TransferWise profile. Our Colombian bank must call each recipient before they can pay out your money to their account. 

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Sending to COP
Basic Information   Notes
TransferWise Fee 2.5% (or the equivalent of 16,000 COP for payments under 400,000 COP) Basic fee is 10,000 COP for payments up to 400,000 COP, and then 2.5% of the amount above the 400,000 threshold. Example - Sending to 500,000 COP the fee is 10,000 COP + 2,500 COP (2.5% of 100,000 COP) = 12,500 COP
Delivery time* 1 working day *After our partner in Colombia receives necessary documentation and has called your recipient. Please also keep in mind that it can take up to 2 working days for us to convert your money after we receive it from you.  
Minimum/Maximum payment 20 USD* / 3.63 Billion COP  *Equivalent to 20 United States Dollars
Countries we can send to Colombia  
Additional Receiving Banking Fees None  
Required Details    
Recipient Full Name Yes When sending to individuals, please include the first name and the surname
Recipient Account number  Yes  
Recipient Bank name  Yes  
Recipient Account type Yes Savings or Current
Recipient phone number Yes Bank will always call the recipient before releasing the funds. 
Recipient email address Optional If required, the recipient will be sent a form by our local partner. See additional information below.
Completed form Yes See below 
Fixed/specific amount Yes The currency you're sending from must also be able to send fixed amounts. For more information, please click here. When you transfer from USD, we offer a locked exchange rate - more information here
Transfers to an email address  Yes Except when transferring from USD. For more information, please click here
Reference None We cannot send transfer references to Colombia.


Additional Information

Recipient Form 

Each recipient you send to in Colombia will need to fill in a form which will be provided to our partner bank there. Each recipient will only have to do this once per 365 days. 

A guide to filling on this form can be found by clicking here.

Contacting your recipient

Before paying out the money to your recipient, our partner in Colombia (a financial entity licensed and regulated in Colombia) will call them to confirm who they are.

In case they don't receive a call within one working day after we've confirmed that the money has been paid out, they can also contact our local partner directly by calling one of the following telephone numbers:

+57 2 (for Cali, Colombia) and then

  • 6847188 or
  • 6847156 or
  • 6847170 or
  • 6847168 or
  • 6847169

Additional documents

Due to local Colombian regulations, we're required to ask for additional documents when we make larger transfers there. This rule applies to single, one-off transfers, or if the same person sends or receives a larger amount over a calendar month.
  • An ID document copy (if you have already completed ID verification with us, then we will have this on file)
  •  A document, or documents, supporting the origin of the money and your economical activity (e.g. payslips, income statement, bank statements)

Please note that larger transfers are treated on a case-by-case basis. The documents requested can vary but can include the following:
  • Your job title.
  • A document, or documents, supporting the origin of the money and your economical activity (e.g. payslips, income statement, bank statements)
  •  Your bank statements for the last two months including your latest transfer to TransferWise - either as PDFs from your online banking, or photos/scans of your paper statements. If you have more than one bank account and you have being moving funds between accounts prior to transferring the funds to us, then the statements will also be needed for the other accounts
  •  Payment receipt of the transfer you’ve made to TransferWise- either as a PDF from your online banking, or a photo/scan of a paper receipt from your bank
  •  A brief, 2-3 sentence explanation about why you’re making this transfer
  • If it’s to pay for a service, or buy something, please attach a copy of the invoice or purchase agreement
  • Copies of documents confirming your source of wealth (i.e salary, if you’ve sold a house, you’re moving over saved wages, or you’ve received a loan, etc.)
    • If the money is from salary, then please provide a copy of your payslip, employment contract or a tax declaration. 
    • If the money is from a loan or stocks, then please include the agreement and loan returning schedule.
    • If your income is from selling assets, then please provide a copy of the sales agreement/act, and a copy of your bank statement showing the transaction from the sale.
    • If the money is from a friend or relative, please include this in your explanation and provide a copy of their photo ID and bank statement.

If you are sending to a business in Colombia, the business will be asked to send the following information in addition to filling in the form for business recipients of COP:
  • Certificate of Incorporation for the company (camara de comercio)
  • Tax registration (NIT or RUT)
  • A copy of the legal representative's photo ID
  • Document showing the business's shareholding structure
  • Financial statements signed by an accountant (2 documents: “balance general” and “estado de resultados”)
  • A copy of the accountant's certification

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