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Money Transfer from Colombia to the US

There is a lot of info about sending money from the US to Colombia. But what about the other way around? Does anyone know what the cheapest (hopefully free) way to send money from Colombia to the US?
I have heard Citibank offers free transfers from a Citibank account in Colombia to a Citibank account in the US, any experiences? Anyone know of any bank accounts in the US allowing free incoming international wires?

By viajero123 on Jun 27, 2008, 12:31 in Visa & paperwork.

arnold_kate says on Jun 27, 2008, 13:19:

just had to deal with this about a week ago. The best way is through a bank. Trying to do western union or money gram is very very expensive. The banks offer it for about 25 usd.

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carolva77 says on Jun 27, 2008, 13:31:

Citibank will transfer from COP to US Dollars if you have an acocunt in the US. They charge 15 USD

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Gator says on Jun 27, 2008, 14:32:

Citibank will transfer funds from Colombia to our Citybank Gold International account in NYC for free-if not a Gold account there is a charge of between $15/25 USD (haven't used this method in a while so there might be changes.).

"Bene, cum Latine nescias, nolo manus meas in te maculare" .

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fecherklyn says on Jun 27, 2008, 15:26:

Gator,

Regarding the bank transfer method, are you aware of any limitations/formalities?

Lets say the amount you wished to transfer to your bank in the US was significant (several hundreds of millions of COP). Will your Colombian bank act simply on your instructions or are there any regulatory formalities?

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Gator says on Jun 27, 2008, 18:38:

Never tried that amount but several years ago did a transfer of $10.000 (say $20.000.000 COP)to cover tuition cost for our younger daughter-no problem. It basically went to our Citibank Gold account NYC then an internal (US) transfer to her account.

"Bene, cum Latine nescias, nolo manus meas in te maculare" .

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calipro says on Jun 27, 2008, 20:16:

viejor123

Let me know if you are having trouble getting your money out of the country.
I might be in the market to buy a large quantity of pesos if the exchange rate is favoralbe.

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viajero123 (☼Travelguide writer) says on Jun 29, 2008, 15:15:

I will not be needing to do this transfer but in a couple of months. I am just enquiring to be able to setup the necessary accounts in the US before going to Colombia to be able to do a swift transfer when the moment comes.

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viajero123 (☼Travelguide writer) says on Jun 30, 2008, 05:36:

The bank will DIAN and other agencies about any suspicious, uncommon transactions. And usally anything above 10k USD will be looked in more detail. If it is not a usual transaction for the customer doing it, they might enquire more and maybe even report it.
Will a couple transfers of 5 to under 10K be looked into by the banks and DIAN?

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aztec says on Jun 30, 2008, 06:40:

robi666 "when DIAN comes knocking at your door"

Dian did come knocking on our door. Once the transactions were explained they were satisfied. Transparancy is the key.

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