🏴→🇨🇴
Send Money from Scotland to Colombia
Scottish businesses and exporters paying Colombia suppliers. Send GBP from Scotland, receive COP in Colombia with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local COP delivery = no correspondent bank fees
Save £2,419 per £100k Payment
Scotland 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 GBP 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 Scotland: What You Need to Know
GBP Origin Specifics
- Scotland uses GBP currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
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)
Scotland → Colombia Corridor Insights
Popular Industries
- Coffee
- Flowers
- Textiles
Peak Trading Hours
GMT 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 GBP from Scotland to Colombia?
Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB