How to receive money in Colombia from abroad

When someone from abroad is going to send you money to Colombia, the most common question is simple: how do I receive it? Whether your family is in Chile, Spain or Europe, or a migrant relative wants to support you, there are several ways to receive that money—and some are much faster and cheaper than others.

In this guide, we explain everything you need to know to receive money from abroad in Colombia without complications.

What do you need to receive money from abroad in Colombia?

Depending on the method your sender uses, you need one or more of these things:

• Colombian bank account number (and bank name)
• ID number or identity document
• Cell phone number (for wallets or apps like Return)
• Directorate (in some cases for cash services)

Most importantly, make sure that the sender has your correct and complete information before sending.

Methods to receive money from abroad in Colombia

1. Bank transfer (SWIFT or local)

This is the most traditional method. Your bank receives the international transfer directly to your account. It's safe, but it can take between 1 and 5 business days and has brokerage fees that reduce the amount you receive.

What you need to give: full name, account number, bank name, SWIFT code and ID number.

2. Digital remittance apps (such as Returns)

It's the fastest and most affordable way. Whoever sends you uses the app, indicates your account number or cell phone number in Colombia, and the money can arrive in minutes.

Advantages: no lines, no paperwork, transparent exchange rate, and you can receive it directly into your Colombian bank account.

What you need to give: your bank account number in Colombia or your cell phone number (depending on the platform).

3. Cash in a bank correspondent

Some platforms allow you to withdraw cash at points such as Efecty, Baloto or bank correspondents. It's useful if you don't have a bank account.

What you need: withdrawal code sent to you by message, your ID card and show up at the point.

How long does it take for my money to arrive in Colombia?

Method Estimated Time Digital Apps (Return) Minutes Remittance Companies 0 to 24 hours SWIFT Bank Transfer 1 to 5 business days

What happens to taxes when receiving remittances in Colombia?

In Colombia, Receiving money from abroad as a family remittance does not generate income tax, provided that it is for household living expenses and does not exceed established limits. If you have questions about large amounts or special situations, consult an accountant.

Tips so that there are no errors when receiving

1. Confirm your bank details before shipping: A misspelled account number can cause money to be lost or returned.
2. Save the shipment notification: So you can follow up if there are delays.
3. Inform the bank if you expect a large amount: Some banks block unusual international transfers for security reasons.
4. Share your updated cell phone number: Many digital platforms notify you via SMS when the money arrives.

How can Retorna help you?

Retorna is a remittance app that allows you to receive money in Colombia quickly, safely and without hidden fees. Whoever sends you can send it from Chile, Spain, Colombia or other countries, and the money comes directly to your Colombian bank account.

If someone in your family uses Retorna, you only need to give them your account number and the name of your bank. The rest is done by the app.

Conclusion

Receiving money from abroad in Colombia is increasingly easy thanks to digital apps. If you have a bank account, the fastest and cheapest option is to use a platform like Retorna. If you don't have an account, bank correspondents are a good alternative.

The most important thing is to have your details correct and share them with whoever is going to send you before they send it.

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Do you want to know more about how Retorna works? Read this note: Return App and how it works

Do you have questions about which banks receive international transfers in Colombia? Review: Which banks receive international transfers

❓ Frequently Asked Questions (FAQ SEO)

How can I receive money from abroad in Colombia?

You can receive money from abroad through international bank transfer (SWIFT), digital remittance apps such as Retorna or cash withdrawal from bank correspondents, but the fastest and cheapest option is to use a digital app.

How long does an international transfer to Colombia take to arrive?

It depends on the method: with apps like Retorna it can arrive in minutes. SWIFT bank transfers can take between 1 and 5 business days. Western Union usually takes between 0 and 24 hours.

Do I need a bank account to receive money from abroad in Colombia?

It is not required. If you don't have a bank account, you can receive the money in cash through bank correspondents such as Efecty or Baloto, depending on the platform that the sender uses.

Do I have to pay taxes to receive remittances in Colombia?

No. Receiving money from abroad as a family remittance does not generate income tax in Colombia, as long as it is for household living expenses. For large amounts or special situations, consult an accountant.

What information should I give to someone who is going to send me money to Colombia?

You need to provide: full name (same as in your document), bank account number, bank name, ID number and cell phone number for notifications. If your bank uses CCI or interbank code, include that as well.

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