The differences of remittance fees towards Colombia grew more slim between banks and MTOs as 2023 progressed. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia. Remitting towards Colombia incurred an cost between 5.81 and 6.1 percent in the first quarter of 2024. Typically, the fees of money transfer organizations - MTOs - such as Western Union were above those from banks. No figures were available on post office fees for remittances towards Colombia.
Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider
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Statista, & World Bank (Remittance Prices Worldwide), & FXC Intelligence. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/1455039/cost-sending-low-value-remittances-to-colombia-by-provider/
Statista, und World Bank (Remittance Prices Worldwide), und FXC Intelligence. "Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider." Chart. July 6, 2024. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/1455039/cost-sending-low-value-remittances-to-colombia-by-provider/
Statista, World Bank (Remittance Prices Worldwide), FXC Intelligence. (2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider. Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/1455039/cost-sending-low-value-remittances-to-colombia-by-provider/
Statista, and World Bank (Remittance Prices Worldwide), and FXC Intelligence. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances towards Colombia from The Rest of The World from 1st Quarter of 2011 to 1st Quarter of 2024, by Provider." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1455039/cost-sending-low-value-remittances-to-colombia-by-provider/
Statista & World Bank (Remittance Prices Worldwide) & FXC Intelligence, Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider Statista, https://www.statista.com/statistics/1455039/cost-sending-low-value-remittances-to-colombia-by-provider/ (last visited November 13, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider [Graph], Statista, & World Bank (Remittance Prices Worldwide), & FXC Intelligence, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1455039/cost-sending-low-value-remittances-to-colombia-by-provider/
