Remittances between the U.S. and Colombia were noticeably more expensive when using credit cards than other payment instruments available. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia, but then specifically sent from the United States.
Total average cost of sending 200 U.S. dollars worth of remittances between the United States and Colombia as of 1st quarter of 2024, by remittance instrument
Characteristic
Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
Credit Card
7.62%
Cash
6.57%
Bank account transfer
5.35%
Debit card
5.07%
Loading statistic...
Download
Sources
FXC Intelligence; Statista; World Bank (Remittance Prices Worldwide)
Survey by
Statista; World Bank (Remittance Prices Worldwide); FXC Intelligence
Published by
FXC Intelligence; World Bank (Remittance Prices Worldwide); Statista
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
FXC Intelligence, & World Bank (Remittance Prices Worldwide), & Statista. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances between the United States and Colombia as of 1st quarter of 2024, by remittance instrument [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455085/cost-sending-low-value-remittances-usa-to-colombia-by-brand/
FXC Intelligence, und World Bank (Remittance Prices Worldwide), und Statista. "Total average cost of sending 200 U.S. dollars worth of remittances between the United States and Colombia as of 1st quarter of 2024, by remittance instrument." Chart. July 6, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455085/cost-sending-low-value-remittances-usa-to-colombia-by-brand/
FXC Intelligence, World Bank (Remittance Prices Worldwide), Statista. (2024). Total average cost of sending 200 U.S. dollars worth of remittances between the United States and Colombia as of 1st quarter of 2024, by remittance instrument. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455085/cost-sending-low-value-remittances-usa-to-colombia-by-brand/
FXC Intelligence, and World Bank (Remittance Prices Worldwide), and Statista. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances between The United States and Colombia as of 1st Quarter of 2024, by Remittance Instrument." Statista, Statista Inc., 6 Jul 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455085/cost-sending-low-value-remittances-usa-to-colombia-by-brand/
FXC Intelligence & World Bank (Remittance Prices Worldwide) & Statista, Total average cost of sending 200 U.S. dollars worth of remittances between the United States and Colombia as of 1st quarter of 2024, by remittance instrument Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455085/cost-sending-low-value-remittances-usa-to-colombia-by-brand/ (last visited November 10, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances between the United States and Colombia as of 1st quarter of 2024, by remittance instrument [Graph], FXC Intelligence, & World Bank (Remittance Prices Worldwide), & Statista, July 6, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1455085/cost-sending-low-value-remittances-usa-to-colombia-by-brand/
