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Sending money to Colombia from Netherlands

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Amount
2000
EUR
COP
Netherlands
EUR
Colombia
COP
EUR
Top Provider
Amount Received
By Bank Transfer
 8,874,703.00
COP
Fees: €3.99
Rate: 4,437.35130
Payment Options
Speed
Debit Card
Minutes
Credit Card
Minutes
Bank Transfer
Minutes
Key Features
First 3 Transfers Free - use the code 3FREE
Get $10 off when you spend $20
90% transfers completed in minutes
No domestic transfers
Amount Received
By Bank Transfer
 8,930,067.51
COP
Fees: €15.00
Rate: 4,498.77457 *
Payment Options
Speed
Bank Transfer
2 Days
Debit Card
2 Days
Key Features
Fast and Reliable Service
Low Cost
Amount Received
By Bank Transfer
 8,916,572.08
COP
Fees: 0
Rate: 4,458.28604 *
Payment Options
Speed
Bank Transfer
1-2 Hours
Debit Card
1-2 Hours
Key Features
No transfer limit & low fees
Excellent customer support
£25 gift card when you refer a friend
5/5 customer ratings on TrustPilot
Amount Received
By Bank Transfer
 8,807,412.28
COP
Fees: 0
Rate: 4,403.70614
Payment Options
Speed
Debit Card
Minutes
Credit Card
Minutes
Bank Transfer
Minutes
Key Features
No fee for first 2 transfers
Cash pickup to over 200,000 locations
Trusted by more than 1 million customers
Current Mid-Market Rate: 1 EUR = 4498.775016 COP
* Some rates may be indicative.

EUR to COP

The Colombian peso COP is the official legal tender of Colombia and has been since 1837. The symbol used to indicate units of COP is the same as the symbol for US Dollars: $. It is important to not confuse Colombian pesos with US dollars because, unlike other Latin-American countries, USD is not widely accepted in Colombia. 

To complicate matters further, the term Peso is used to describe the monetary unit of several other countries’ currencies, including Mexico, Cuba and the Philippines. Be wary of both these factors when converting EUR to COP, as many other currencies may appear when searching for “Peso” or “$”. 

Colombia is not as close to becoming a cashless society as other countries around the world. Cash is the preferred form of payment in many parts of the country and all major Colombian banks offer ATM services. Generally, the further you are from a city, the less likely you are to find somewhere which accepts card payments. Therefore, it is important to consider your Colombian recipient’s location and preference, when sending a money transfer from Netherlands.

Choosing the best service provider

As cash is often the preferred method of payment in Colombia this may influence your decision when choosing which money transfer provider to use. There will be more pay-out options available to your recipient if they are based close to a major city or urban areas, such as Bogotá, Medellín or Cartagena, as opposed to a recipient who does not have a bank account or is based in a rural part of the country.

The fastest provider is WorldRemit. The cheapest provider we found is Instarem at % Above Mid-Market Rate.

If you’re looking for the best combination of price, speed, and reliability we recommend using WorldRemit when transferring EUR to COP.

This means that by using WorldRemit for online money transfers to Colombia from Netherlands, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.

Alternatively, if you are unable to access WorldRemit for any reason, our money transfer comparison engine has found Instarem and XE - Remit also to be very good options when sending EUR – COP.

The cheapest way to send money from Netherlands to Colombia

Money transfers to Colombia can prove expensive if customers choose the wrong providers. In order to avoid high fees, you should consider the cheapest way to send money from Netherlands to Colombia. Instarem has been determined by our comparison engine to be currently offering you the cheapest rates possible.

Get the Best Rate and Sign Up for Rate Alerts Netherlands to Colombia

The fastest way to send money from Netherlands to Colombia

When sending money from Netherlands to Colombia, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, WorldRemit is the fastest way to send EUR – COP.

What payment methods are available when sending money from Netherlands to Colombia?

Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.

Sending money to Colombia from Netherlands using credit card

To avoid high fees you can opt to use an online money transfer provider such as WorldRemit to pay for your transfer to Colombia.

Sending money to Colombia from Netherlands using a debit card

With WorldRemit you can send money online to Colombia using your debit card. But before making a payment, make sure you understand all the processing fees in place. 

Using a wire transfer to send money from Netherlands to Colombia

Bank and wire transfers are the most common ways of sending money Colombia as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use WorldRemit to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.

If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Colombia. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Colombia.

When sending money to Colombia from Netherlands using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.

On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as WorldRemit, Instarem and XE - Remit.

Considerations for a EUR – COP Currency Transfer

Before sending money to Colombia from Netherlands, you should consider the following:

  1. The amount you want to transfer: It is likely that the more money you send to Colombia the more value you will get and more COP the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
  2. The EUR – COP exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 4498.775016 and the lowest exchange rate margin is currently offered by WorldRemit at % above the mid market rate.
  3. Hidden fees & charges: Before sending money to Colombia, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers WorldRemit, Instarem and XE - Remit will give insight here.

How to send money from Netherlands to Colombia at the best rate?

This one’s easy. Simply use our comparison table above to find the best provider to send EUR to COP. After that it’s just a process of making your transfer via the following steps:

  1. Click “Visit Site” inside our comparison table
  2. Register for an account if required
  3. Input how much you are willing to send
  4. Fund your transfer
  5. Receive & save an email confirming your transfer

How to receive transfers from EUR to COP in Colombia?

Your recipient has a few methods available to receive your money in Colombia. These will vary between providers, but it is possible to find services that will:

If your recipient is going to collect or have the money delivered to them in Colombia, then they will usually need the following:

How much money can be transferred from Netherlands to Colombia?

The amount of COP you can receive from Netherlands will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.

You should also check if there are any government regulations pertaining to the amount of COP that can be received in Colombia or sent from Netherlands before making your transfer.

I am arranging a cash transfer in COP for collection in Colombia: which money transfer provider should I use?
What information do I need to send money to a bank account in Colombia?
Are there any tax regulations I should know about before sending money from Netherlands to Colombia?
April Summers

April is a journalist and Content Editor for MoneyTransfers.com. Over the last decade she has written for a range of online and print publications. Having lived overseas in Canada and Vietnam, April hopes to see more of the world as soon as possible, with Japan at the top of her travel list. She enjoys writing about forex trends and the future of banking.