Unicorn Currencies
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🇪🇺→🇨🇴

Send Money from European Union to Colombia

Businesses in European Union paying Colombia suppliers for Coffee. Send EUR from European Union, receive COP in Colombia with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local EUR collection + local COP delivery = no correspondent bank fees

Save £2,419 per £100k Payment

European Union 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 EUR 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 European Union: What You Need to Know

EUR Origin Specifics

  • EUR single currency for 20 countries
  • SEPA instant payment network
  • GDPR compliance required

Your Local Advantages

  • Local EUR account available
  • SEPA (Single Euro Payments Area) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.

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)

European Union → Colombia Corridor Insights

Popular Industries

  • Coffee
  • Flowers
  • Textiles

Peak Trading Hours

CET (GMT+1) 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 EUR from European Union to Colombia?

Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local EUR collection available.

Open AccountView Colombia Details

Bank of Canada registered PSP | FINTRAC licensed MSB