Paying your bills in Colombia as an Extranjero

Moving to Colombia offers a great lifestyle, a low cost of living, and a welcoming culture. However, one of the most crucial challenges for American expats is figuring out how to transfer money securely, efficiently, and cost-effectively. From paying rent to withdrawing cash at ATMs, selecting the right financial tools can make all the difference in enjoying your experience in Colombia. Below, we’ll explore several options, including Xoom, Remitly, Western Union, and the innovative DolarApp, which stands out as a modern, expat-friendly solution.

Popular Money Transfer Options for Expats

When it comes to moving money internationally, traditional services like Xoom, Remitly, and Western Union are reliable choices, but each has its pros and cons.

1. Xoom (A PayPal Service)

Xoom allows you to transfer money quickly to Colombia, either to a bank account or for cash pickup. It’s a trusted service that integrates seamlessly with PayPal, making it convenient for those already familiar with the platform. However, the fees can be high depending on the amount you send, and the exchange rates are not always competitive.

Pros: Reliable, fast transfers.
Cons: Less favorable exchange rates, PayPal is involved.

2. Remitly

Remitly offers a flexible range of transfer speeds—“Express” for instant transfers and “Economy” for lower fees. Like Xoom, you can send money to Colombian bank accounts or make it available for cash pickup. While it’s user-friendly, the fees and exchange rates can vary based on the speed you choose.

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Pros: Flexible options for speed and cost.
Cons: Exchange rates aren’t always the best.

3. Western Union

Western Union has been a long-standing option for international money transfers. You can send money to Colombian bank accounts, mobile wallets, or for cash pickup at their widespread agent locations. However, fees can be steep, and exchange rates often leave room for improvement.

Pros: Global presence and cash pickup options.
Cons: High fees and inconsistent exchange rates.

4. The New Kid on the Block, DolarApp

If you’re looking for a modern, hassle-free way to move money to Colombia, DolarApp is a game-changer. Designed with expats in mind, this innovative platform combines excellent exchange rates, low fees, and convenience into one sleek package. Here’s why it’s a standout choice:

Transparent Exchange Rates and Low Fees

Unlike traditional services, DolarApp offers exchange rates that are close to the official market rate, saving you money on every transfer. Additionally, its fees are minimal compared to competitors, making it an affordable solution for regular transfers. The way that DolarApp achieves this is to use USDT to make the transfers instead of making a cash transfer.

Pay Bills Directly in Colombia

DolarApp simplifies the process of paying bills in Colombia, such as rent, utilities, and more. With just a few taps on your phone, you can settle your expenses without needing to carry large amounts of cash or rely on local banks. DolarApp gives you a physical card as well as a digital card to add to ApplePay and Google Pay. This will allow you to use your account with Colombian webpages with no worries about using your primary bank account. If you have fear of your account being compromised, you can change your digital card easily.

Withdraw Cash at Colombian ATMs

For everyday expenses, DolarApp provides a physical or virtual debit card that you can use at Colombian ATMs to withdraw pesos. This eliminates the need to carry multiple cards or worry about fluctuating exchange rates. Carry one card and you don't have to worry about being in the streets with your primary bank card.

Easy Account Setup

Setting up a DolarApp account is quick and straightforward:

• Step 1: Download the DolarApp on your smartphone (available for iOS and Android).

• Step 2: Create an account, you can use our link CLICK HERE and you get 5 free transfers, otherwise just sign up on their homepage using your email address and verify your identity by uploading a government-issued ID.

• Step 3: Fund your DolarApp wallet from your U.S. bank account or card, including your PayPal account.

• Step 4: Start transferring money, paying bills, or withdrawing cash at ATMs.

Within minutes, you’ll have access to a fully functional platform designed to make life as an expat easier.

Cons

• The main con is that transfers take 1-2 business days. So you will have to plan ahead a little.

How to Use DolarApp to Your Advantage in Colombia

1. Send Money Seamlessly
   With DolarApp, you can transfer funds to your wallet from your U.S. bank account without worrying about hidden fees or unfavorable rates.

2. Pay Colombian Bills online with Ease
   Avoid the inconvenience of paying bills in cash or setting up a Colombian bank account. DolarApp lets you pay directly through the app, whether it’s for rent, phone bills, or utilities. It is a Colombian debit card.

3. Access Cash Anytime
   With the DolarApp debit card, you can withdraw pesos at competitive rates from any Colombian ATM. Say goodbye to juggling multiple payment methods or dealing with complex international card fees.

Final Thoughts

Managing your finances as an American expat in Colombia doesn’t have to be a headache. Whether you’re paying bills, withdrawing cash, or sending money home, selecting the right service can save you time and money. While Xoom, Remitly, and Western Union are good options, DolarApp stands out to me as the ultimate choice for it's competitive rates, and the ability to have a Colombian MasterCard to pay bills/services online. I've been using it for the past 8 months and it truly is the best and easiest way to manage bills while in Colombia.