Here you’ll find answers to the most common questions about Colombian peso (COP) transfers.
You can’t currently send money from COP.
Sending to COP
Who can I send COP to?
You can send COP from both personal and business accounts to personal Bancolombia bank accounts in Colombia.
What information do I need about my recipient?
You’ll need their:
11 digit Bancolombia local account number and account type (either current or savings)
ID document type
ID document number
How much can I send?
You can send up to 2,900 USD (equivalent in COP) per transfer.
The amount you can send per calendar month/year varies depending on multiple factors. We'll let you know the maximum amount you can send when you set up your transfer.
Are there any restrictions?
You can't send money from a balance to COP. Instead, you must pay for your transfer from an external bank account.
From business accounts, you can't send COP if your business falls under these categories:
Gambling, betting, and online gaming
Firearms, weapons, and military goods and services
Fine jewellery and watches
Precious stones, diamonds, and metals
Retail or wholesale
Financial consulting, accounting, taxation, auditing, or other financial services
Cryptocurrency financial services
How long does it usually take for the money to arrive?
Once Wise receives and converts your money, it usually arrives instantly in your recipient’s bank account.
We’ll always give you an estimate for how long your transfer will take when you set it up.
Learn more about how long transfers take
What is Abono Automático and how does it work?
Abono Automático is a free feature that Bancolombia offers to people who want to receive money from abroad.
Your recipient must have Abono Automático turned on to receive money. If you try to send COP to a bank account without it, you’ll get an error message.
This is how your recipient can turn on Abono Automático:
Open internet banking
Go to the international transfers section
Choose an account and reason for receiving money
Once they’ve done that, it takes 24 hours until they’ll be able to receive money.