Send Money from United States to Colombia
Businesses in United States paying Colombia suppliers for Coffee. Send USD from United States, receive COP in Colombia with t+0 (2.3s avg within unicorn network).
Save £2,419 per £100k Payment
United States to Colombia corridor savings
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local USD collection
- ✓ Transparent 0.5% spread
- ✓ PSE (Pagos Seguros en Línea)
Sending from United States: What You Need to Know
USD Origin Specifics
- USD global reserve currency
- ACH and FedNow available
- FinCEN reporting requirements
Your Local Advantages
- Local USD account available
- ACH (Automated Clearing House) instant collection
- No correspondent bank fees on origin side
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
United States → Colombia Corridor Insights
Popular Industries
- Coffee
- Flowers
- Textiles
Peak Trading Hours
EST (GMT-5) to GMT time zone consideration
Typical Volume
£50k-£250k
Frequently Asked Questions: USD-COP Payments
How fast are USD-COP payments?
USD-COP payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.
What does a USD-COP transfer cost?
Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for USD-COP transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.
What exchange rate do I get for USD-COP?
You get real-time wholesale USD-COP exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.
Can I lock the USD-COP rate in advance?
Yes, forward contracts are available for USD-COP payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.
What details do I need for USD-COP payments?
Beneficiary details vary by destination. For Colombia payments, you typically need the recipient's local account details (PSE (Pagos Seguros en Línea)), account number, and beneficiary name. Some destinations may also require local clearing codes.
Ready to Send USD from United States to Colombia?
Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local USD collection available.
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