Remittance fees from domestic bank BBVA on the Spain to Colombia corridor were four times higher than those from Western Union. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia, but then specifically those that were sent from Spain. Spain was Colombia's third-most likely country of origin for remittances, with an average cost of roughly 6.3 percent in 2023.
Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 3rd quarter of 2023, among the 10 most used brands in this corridor
Characteristic
Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence. (January 11, 2024). Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 3rd quarter of 2023, among the 10 most used brands in this corridor [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/
World Bank (Remittance Prices Worldwide), und Statista, und FXC Intelligence. "Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 3rd quarter of 2023, among the 10 most used brands in this corridor." Chart. January 11, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/
World Bank (Remittance Prices Worldwide), Statista, FXC Intelligence. (2024). Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 3rd quarter of 2023, among the 10 most used brands in this corridor. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/
World Bank (Remittance Prices Worldwide), and Statista, and FXC Intelligence. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances between Spain and Colombia as of 3rd Quarter of 2023, among The 10 Most Used Brands in This Corridor." Statista, Statista Inc., 11 Jan 2024, https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/
World Bank (Remittance Prices Worldwide) & Statista & FXC Intelligence, Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 3rd quarter of 2023, among the 10 most used brands in this corridor Statista, https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/ (last visited July 22, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances between Spain and Colombia as of 3rd quarter of 2023, among the 10 most used brands in this corridor [Graph], World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence, January 11, 2024. [Online]. Available: https://www.statista.com/statistics/1455074/cost-sending-low-value-remittances-spain-colombia-by-provider/