Quarterly cost of 200 USD worth of remittances Spain to Colombia 2023, by provider
MTOs had significantly higher remittance fees in the Spain to Colombia remittance corridor than banks, as of 2023. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia but specifically sent from Spain. Remittances between Spain and Colombia incurred an average cost of roughly 6.3 percent over the course of 2023. Since 2021, 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.