How to receive money from the US to Colombia in 2026: complete guide

Receiving money from the United States in Colombia is a common necessity for many people, whether it be for family remittances, freelance payments, or international business income. In 2026, the options have evolved, offering faster, cheaper, and more secure solutions. This guide presents the best alternatives available, comparing fees, transfer times, and ease of use.

Options for receiving money from the US to Colombia

1. Traditional bank transfers

Colombian banks such as Bancolombia, Davivienda, and BBVA allow international transfers. However, they tend to have high fees and processing times of 3 to 5 business days. In addition, they apply less favorable exchange rates and may involve intermediary banks that charge additional fees.

2. Remitly

Remitly offers fast transfers and cash pickup or bank deposit options. Fees vary depending on the speed of service and delivery method. It is a convenient option for those looking for speed and flexibility.

3. Western Union

With an extensive network of agencies in Colombia, Western Union allows you to receive money in cash or in bank accounts. Fees and exchange rates may vary, and it is important to verify the total costs before making a transfer.

4. Wise

Wise allows you to receive money at the real market exchange rate and with transparent fees. It is ideal for those who have dollar accounts and want to avoid unnecessary conversions. However, it does not allow cash withdrawals directly from the platform.

5. CiNKO

CiNKO is a fintech platform that offers a comprehensive solution for receiving money from abroad. It allows users to receive funds in dollars or cryptocurrencies, with commissions starting at $1 and limits of up to $5,000. It also offers an international Visa card, link payments, transfers to local banks, and the option to withdraw cash through MoneyGram. It is a modern and comprehensive option for those seeking flexibility and financial control.

Comparison of services

Frequently Asked Questions

What is the fastest way to receive money from the US to Colombia?
Remitly and Western Union offer fast transfers, even within minutes, depending on the delivery method.

How can you pay lower fees when receiving money from abroad?
Platforms such as Wise and CiNKO offer low fees and favorable exchange rates, which reduces overall costs.

Is it better to receive the money in dollars or Colombian pesos?
Receiving dollars can be beneficial if you plan to save or spend in that currency, avoiding losses due to conversions.

Are there legal limits on receiving money from the US?
There are no strict legal limits, but banks may have internal policies that set maximum amounts per transaction.

Conclusion

In 2026, there are various options for receiving money from the United States to Colombia, tailored to different needs. While traditional banks remain an option, platforms such as CiNKO offer more modern, economical, and flexible solutions, especially for freelancers and digital businesses. Evaluating the fees, transfer times, and features of each service will allow you to choose the best option according to your profile and needs.

‍