How to send money to Colombia from Sweden with the best SEK-COP rate

The exchange rate determines the price you’ll pay for Colombian Peso when sending Swedish Krona to Colombia.

The rate between the Swedish Krona and Colombian Peso is currently 351.9504. Wise offers the best exchange from SEK-COP.

The total cost of sending money to Colombia from Sweden is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for SEK-COP is 351.9504 COP per Swedish Krona.

• Fees: When sending money there may be additional fees. Paysend offers the lowest fee of the 6 providers tested, costing justs 0 SEK per transfer.

• Amount Received: When comparing providers, the best measure is the amount of Colombian Peso eventually received in Colombia.

This number should allow you to determine if you are getting a good deal. A higher amount of money received in Colombia, means a better overall cost of sending money from Sweden.

Sending money via a bank transfer is the recommended option for sending money from Sweden to Colombia.

Here are the popular ways to send money from Sweden to Colombia:

Bank transfers

Bank transfers are often the best payment method for money transfers from Sweden to Colombia.

A money transfer company like Revolut offer bank transfers between Sweden and Colombia with lower fees and better exchange rates than you would get from a traditional bank. 


Debit and prepaid cards

Sending money from Sweden 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 Sweden to Colombia, competing among a total of 6 active money transfer companies on this route.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

Ensuring you fully understand regulations in Sweden and Colombia will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between Sweden and Colombia.

Some services between Sweden and Colombia have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Colombia as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Colombia, use Wise. The combination of rates and fees when sending from Sweden to Colombia is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Sweden, or entering Colombia. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Colombian Peso in Colombia. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from Sweden to Colombia will offer every method for incoming Colombian Peso, so it’s best to check ahead of time.

One of the more common ways to transfer from Sweden into Colombian Peso is directly into a bank account. Wise is the best company for bank transfers between Sweden and Colombia.

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

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Paysend.

When signing up to and sending Swedish Krona to Colombia, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in Sweden this will be a government issued ID such as a passport or driver's license. In Colombia it will be similar, although this should only be needed if you are opening a new account in Colombia, or collecting in cash. Sending to an existing bank account in Colombia shouldn’t require any additional ID checks.

Large transactions between Sweden and Colombia, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Wise has scored so highly for transfers to Colombia is their easy sign up process in Sweden.

When sending large amounts of money between Sweden and Colombia there will potentially be a tax declaration to consider.

Some transfers into Colombian Peso may need to be reported to tax authorities in Colombia, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Colombia based on age, income and a few other elements. When in doubt, please contact a tax professional in Sweden or Colombia to discuss your personal circumstances.