"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Best way to send: Wise
We tested & reviewed 14 money transfer companies offering services between Canada and Colombia, and Wise scored highly.
In total, Wise appeared in 63.4% of Canada to Colombia searches, and was the top rated company out of 14 that support transfers into Colombian Peso.
So for a great mix of cost, speed & features, make your Canada to Colombia transfer using Wise.
Getting the best deal on your Canada to Colombia transfer
- Always compare rates
Don't pay more than you have to. Our live comparison tool will give you the best rates for sending money from Canada to Colombia.
- Choose a provider
Select the provider that offers you the best value & service for transfers between Canada and Colombia.
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- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Colombia.
Summary of recent searches
Considerations for sending money from Canada to Colombia
Always compare ways to send money from Canada to Colombia to get the best options for fees, speed, and reliability.
Our analysis included 14 providers that operate between Canada and Colombia.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Colombia.
Cheapest way to send money to Colombia from Canada: Panda Remit
Data collected over the past six months shows that Panda Remit is 0.3% cheaper than the second-best option.
The $4 transfer cost represents the most common fee for CAD to COP international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Colombia transfer, make sure you pick Panda Remit to send your money online.
*The most common fee applied to CAD-COP by Panda Remit, based on data from the past six months.
Fastest way to send money from Canada to Colombia: Ria Money Transfer
Our data shows that Ria Money Transfer came up as the fastest way to send money from Canada to Colombia in 47.6% of searches. This makes them well suited to urgent CAD to COP money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Colombia - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Ria Money Transfer is your best choice at the moment. This service emerged as the quickest way to send money to Colombia from Canada in 47.6% of the searches on MoneyTransfers.com over the past six months.
Need to make a large transfer?
Wise is the best option for large transfers of the 14 providers compared.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to Colombia, it's a great provider for larger transfers for things like buying or selling property.
Understanding the costs involved when moving money from Canada to Colombia
When calculating the costs of money transfers between Canada and Colombia, here's what really matters:
The Mid-Market Rate: Today, the CAD-COP mid-market rate equals 3,174.2701 COP per Canadian Dollar.
The CAD-COP average exchange rate for the past three months has been 3,056.3278 COP per Canadian Dollar, with a high of 3,187.9966 and a low of 2,823.7006.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to COP.
How to find the best exchange rate for Canada to Colombia
Timing is essential for sending money between CAD and COP. The exchange rate you secure impacts how much COP you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to COP has seen some fluctuation. On average, it stood at 3,056.3278.
During this period, the highest value recorded was 3,187.9966, while the lowest was 2,823.7006.
Wise, which is our recommended service to send money online from Canada to Colombia offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Colombian Peso exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to Colombia!
Payment methods available to fund your Canada to Colombia transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Colombia.
By using a money transfer company such as Panda Remit for transfers from Canada to Colombia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Panda Remit is the cheapest provider for bank transfers from the 14 we tested when sending CAD to Colombia.
With an average fee of CAD4 to send money from Canada to Colombia, Panda Remit offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Colombia with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Canada to Colombia, competing among a total of 14 active money transfer companies on this route.
Credit card
When it comes to credit card transfers from Canada to Colombia, Xe emerges as our top choice of the 14 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Colombia and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Canada to Colombia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to COP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
