How to send money to Spain from Colombia with the best COP-EUR rate

A comparison of providers offering services between Colombia and Spain is paramount. Based on your specific transfer amount, the best way to send money to Spain could change. Comparing ensures the best price for your needs.

At the moment, we found these providers to be the best for COP/EUR

• Overall, we rated Revolut as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Colombia to Spain. Transferring 30,000,000 COP to EUR will cost you $0 in fees, and you will receive 7,557.16 EUR. The delivery time can take within minutes, but it depends on the day you make the transfer.

• We compared 3 money transfer companies and Revolut offers the cheapest transfer service between Colombia and Spain. Revolut fees are 0 COP per transfer and you can expect an exchange rate between COP-EUR that is -16.61% different to the mid-market rate.

• Fastest way to send money to Spain from Colombia is with Revolut.

For services allowing you to send Colombian Peso to Spain we've compared 3 providers.

This coverage of the market ensure you will get the best options for your transfer to Spain from Colombia.

A better exchange rate means more Colombian Peso being sent to Spain. This exchange rate determines the price you will pay when buying Euro.

Currently the mid-market rate between Colombian Peso and Euro is 0.0003.

The cost of sending money from Spain to Spain, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from COP-EUR is 0.0003 EUR per Colombian Peso.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Revolut currently offers the lowest fees on transfers to Spain from Colombia, costing 0 COP per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Euro is the amount you started with, minus the amount you paid in the exchange and fees.

The better deal you get on exchanging Colombian Pesos to EUR, paired with a low fee, means a higher total amount received in Spain.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Colombia and Spain.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Colombia to Spain at this moment.

Here are all the ways to send money from Colombia to Spain:

Bank transfers

Bank transfers are usually the best and easiest way to send money from Colombia to Spain.

By using a money transfer company such as Revolut for transfers from Colombia to Spain, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Colombia to Spain with a debit or a prepaid card is available through Paysend.


Paysend is a one of the cheaper options for debit card payments for transfers from Colombia to Spain. This cost is against a total of 3 money transfer companies offering this option.

Credit cards

When it comes to international credit card transfers from Colombia to Spain, we recommend comparing your options to get the best deal.

Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment.

and have different financial regulators and ensuring you fully understand how these work will aid in keeping your money safe.

We’ve put together a directory of worldwide financial regulators which contains details on regulation for money transfers between Colombia and Spain.

Transfer limits to Colombia and Spain will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different COP-EUR transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to Spain, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of COP to Spain we'd recommend using Revolut. They offer a combination of rates and fees when sending from Colombia to Spain that is the most competitive.

There are different ways to receive money in Spain.

The most popular ways are direct bank deposit into Euro, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Colombia and Spain will offer every method for incoming Euro.

Understanding where the money will eventually go after its left Colombia and entered Spain could impact the provider you use.

The most common (and generally easiest) way to send money from Colombia to Spain is directly into a bank account. Revolut is the best company for sending money from Colombia to a bank account in Spain.

And if you need cash right away, check if cash pickup is an option for transfers between Colombia and Spain.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Euros to Spain, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Colombia ID can be verified through a government issued ID such as a passport or driver's license.

In Spain, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Colombia and Spain, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Revolut is one of our recommended providers for transfers to Spain from Colombia due to the ease of sign up and ID verification.

When sending money between Colombia and Spain there will be tax declarations to consider.

Some transfers into Euro may need to be reported to tax authorities in Spain, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in Spain.

When in doubt, please contact a tax professional in Colombia or Spain to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.