How to send money to Colombia from Canada with the best CAD-COP rate

Comparing based on your specific needs is the best way to send money from Canada to Colombia with confidence.

Right now, for CAD/COP

• Wise is our top choice for CAD to COP transfers. Sending 4,000 CAD to COP will cost you $88.57 in fees, and you will receive 9,448,450.31 COP. The delivery time usually is next day.

• Taptap Send offers the lowest fees of the 10 available options. This cost combines the exchange rate between the Canadian Dollar and Colombian Peso that is 0.29% different to the mid-market rate and the fee of 0 CAD.

• Fastest way to transfer money to Colombia from Canada is with Taptap Send. For example, sending $4,000 to Colombia with Taptap Send will be minutes. But, it can be quicker or longer depending on the exact amount, as well as the day and time of your transfer.

Our analysis, and search results, include 10 providers that operate between Canada and Colombia. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Colombia.

The exchange rate determines the price you’ll pay for Colombian Peso when you send Canadian Dollar to Colombia.

The current exchange rate between the Canadian Dollar and Colombian Peso is 2,414.2699, but it constantly changes.

When calculating the costs of money transfers between Canada and Colombia, opt for the best combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: Today, the CAD-COP mid-market rate equals 2,414.2699 COP per Canadian Dollar.

• Fees: Fees are charged on top of a transfer. The company offering the lowest fee is Taptap Send, only 0 CAD. We would recommend searching for your exact send amount to get an idea of fees.

• Amount Received: The amount received in Colombian Peso is the biggest indicator the total cost of sending money from Canada to Colombia. Essentially, the more the recipient receives in Colombia, the less it is costing to send from Canada.

It’s possible that waiting a day or two can help you get more COP for the same amount of Canadian Dollar. But, the best way to lock in a price between Canada and Colombia is by using a forward contract.

A bank transfer is the our recommended option for money transfers between Canada and Colombia.

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

Bank transfers

Paying via a bank transfer is often the better option for sending money from Canada to Colombia.

By using a money transfer company such as Remitbee for transfers from Canada to Colombia, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from Canada to Colombia with a debit or a prepaid card is easy with Xe.


Xe is a one of the better options in the market for international debit card transfers from Canada to Colombia.

Credit cards

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

Always choose providers that are regulated by financial authorities in both Canada and Colombia to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Canada and Colombia.

Some services have minimum or maximum thresholds on how much you can transfer from Canada to Colombia.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of CAD to Colombia. The combination of rates and fees when sending 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 Canada, or entering Colombia. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Colombia. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Canada to Colombia will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Canada into Colombian Peso. Wise is the best company for bank transfers between Canada and Colombia.

And if you need cash right away, check if cash pickup is an option for transfers between Canada 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 Taptap Send.

When signing up to a money transfer company to send between Canada and Colombia, you will need to verify your ID.

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

For the most part, in Canada this will be a government ID like a passport or driver's license. In Colombia it will be a similar set of documents, although this should only be needed if you are opening a new account in Colombia, or collecting in cash.

Big transactions between Canada and Colombia, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in Canada.

When sending large amounts of money between Canada and Colombia there will be tax implications 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 differ in Colombia based on age, income and a few other elements. When in doubt, please contact a tax professional in Canada or Colombia to discuss your personal circumstances.