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Best way to send money from US to Colombian bank account?
Looking for lowest fees and best exchange rate. Currently using my US bank wire but the fees are killing me.
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If you are looking to save on fees and get a good exchange rate, I recommend comparing services like Wise, Remitly, WorldRemit, Xoom (from PayPal), Western Union, and MoneyGram. In many cases, they offer better conditions than traditional bank transfers. Before sending, check the total cost (fee + exchange rate) and delivery time, as it can vary depending on the amount and the bank in Colombia
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Michael