Last updated on March 6th, 2024 at 10:38 pm
Do you send money to friends and family in Colombia? You’re in good company. Every year, hundreds of thousands of Colombians wire billions of dollars back home. These remittances end up not just helping those closest to you, but they also cycle through the community. In essence, they result in improved infrastructure and a stronger Colombian economy.
But there’s a problem. Many methods for sending money to Colombia charge high fees or can take too long to reach home. Your money just doesn’t go as far as it should. Remitly wants to change that.
One popular way to transfer money to Colombia is by sending to Bancolombia. In fact, Bancolombia handled the most transactions in 2018. Remitly users can send money directly to a Bancolombia account holder as a deposit or to pick-up in cash.
Send Money to Bancolombia in 5 Easy Steps
Ready to send money to friends and family back home in Colombia? It’s as easy as 1-2-3. Just follow the steps below and you’ll be done in 10 minutes or less.
- If you haven’t already, download the Remitly app and create an account.
- Enter the amount you plan to send.
- Choose whether you want to send it as a Bank Deposit or Cash Pick-Up.
- Enter your recipient’s name, address, phone number, and bank account number. You’ll also want to ensure that Abono Automático is activated.
- Enter your payment information.
And you’re done! It really is that simple. Just don’t forget to remind the recipient to activate “Abono Automático” before you send the transfer. They can either enroll online or call Bancolombia’s international service line.
You’ll be able to track the transfer via the Remitly app, and your recipient will get an SMS to keep them updated.
Why Should I Use Remitly to Send Money to Bancolombia?
With a competitive exchange rate for the Colombian peso, several security measures to keep your information secure, and a smooth transfer process, Remitly makes it easy to send money to Colombia.
Plus, pricing is simple. No matter how much you send, our pricing is based on the delivery speed.
How Quickly Will my Money Arrive at Bancolombia?
If you need to send money urgently, it will arrive within minutes if you use your debit card.
Otherwise, you can transfer funds through Bancolombia through your bank account or credit card and it will reach in 3-5 days.
How Much Money Can I Send to Bancolombia with Remitly?
We know that sometimes you need to send larger sums for emergencies or savings. At Remitly, we work to balance your safety, international regulations, and convenience. For that reason, we have spending limits in place.
Immediately after signing up, you can send:
- $2,999 within 24 hours
- $10,000 within 30 days
- $18,000 within 180 days
If you need to increase your amount, you’ll need to provide some documentation for verification purposes.
Is it Safe to Send Money to Bancolombia with Remitly?
So you never have to worry about your money safety reaching its destination, we work tirelessly to provide the best security possible.
You will always be able to track your transfer on the app. We can even send your recipient SMS updates.
We are also licensed and adhere to international regulations, employ a team of security experts to monitor our system, and encrypt all user data.
Our bank-level data security will make sure that your transfers and personal information are kept safe.
Further reading: Safely Send Money to Colombia in 5 Easy Steps
Why People Love Bancolombia
Bancolombia is the biggest bank in Colombia. It has over 700 locations across the country and 100 branches in El Salvador through its Banagrícola division. Here are just a few reasons for its success in the region:
- Their focus on sustainability. Bancolombia is committed to building sustainable and inclusive communities.
- Their services to small businesses. These include offering rentals for small business vehicles, loans, and more.
- Everyone accepts Bancolombia. Since it’s one of the biggest banks, you can find ATMs and merchants all over the country who will accept Bancolombia cards.
