🇨🇦→🇨🇴
Send Money from Canada to Colombia
Businesses in Canada paying Colombia suppliers for Coffee. Send CAD from Canada, receive COP in Colombia with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local CAD collection + local COP delivery = no correspondent bank fees
Save £2,419 per £100k Payment
Canada to Colombia corridor savings
Traditional Bank
£2,924
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ PSE (Pagos Seguros en Línea)
Your Savings
83%
£2,419 per £100k
At £300k-£3M monthly, save £6,054/year
Sending from Canada: What You Need to Know
CAD Origin Specifics
- CAD commodity currency (tracks oil/resources)
- Interac e-Transfer for fast payments
- FINTRAC oversight
Your Local Advantages
- Local CAD account available
- EFT (Electronic Funds Transfer) instant collection
- No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.
Paying Suppliers in Colombia: Compliance & Requirements
Regulatory Considerations
- Banco de la República de Colombia regulations
- DIAN (Tax Authority) documentation
- IVA (VAT 19%) on goods and services
- Customs declaration requirements
Payment Best Practices
- Colombia = Coffee leader (3rd globally), flower exporter (2nd globally)
- PSE widely adopted for COP payments
- Bogotá + Medellín + Cali = Main business centers
- Improving security situation - verify supplier locations
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via PSE (Pagos Seguros en Línea)
Canada → Colombia Corridor Insights
Popular Industries
- Coffee
- Flowers
- Textiles
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send CAD from Canada to Colombia?
Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB