How to Send Money to Colombia

Sending money to Colombia

Several companies, including Western Union, MoneyGram and American Express, offer money-transfer services to Colombia. Another of those services is Xoom, which claims it is one of the lowest-cost methods. Xoom allows you to send money from an Internet-enabled computer to anyone in Colombia. The money can be sent to any one of more than 900 pickup locations in Colombia or directly to the recipient's bank account. You can use your credit or debit card or have the money transferred from your U.S. bank account.

Things You'll Need

• Internet connection
• Computer
• Credit card or bank account

Instructions

1. Open the web browser on your computer, and go to Xoom's website. In the upper right-hand corner of the web page, below the Xoom logo, select the "join Xoom" option. Enter the requested information in the appropriate fields and then select "I agree, create a free account." Please note that your country of residence must match the country where your bank account or credit card was issued.

2. You will now be asked to select the country where you want to send money. Select Colombia and enter the amount you want to send in dollars. To the right of this amount, select "calculate fee." The website will list the exchange rate and the amount of money that will be received in Colombian currency, the peso. Scroll down to the bottom of the web page, and you will see the fee that Xoom will charge to make the transfer. You can send the money to a Bancolombia or Pagos International location for pickup, or you can deposit the money directly into a Colombian bank account. Select the option you prefer, and press "select."

3. Enter the receiver's information and then select "next" in the lower right-hand corner. You will now be given the choice of paying from your bank account or with your debit or credit card. Enter your account information, the purpose of the money transfer, and select "next." The next page is a summary listing the information previously inputted. Verify the information, and in the lower right-hand corner select "send money." You will be issued a confirmation number, and your transaction is complete.

Tips & Warnings

• To prevent fraud and identity theft, Xoom verifies all information before sending funds. If your information does not pass this security check, you will receive an email from Xoom shortly after sending the money asking you to call a toll-free number to verify your identity. This verification process is easy and takes approximately five minutes.

• Xoom's website uses the latest encryption technology, and the information you enter on its site is secure. Xoom is also certified and accredited by third-party privacy organizations and partners with only reputable banking and money-transfer companies. Xoom is regulated by the both state and federal agencies.

References

• Xoom
• Xoom Fees

Resources

• Xoom