Wise is a money transfer service that allows you to send and receive money internationally at lower fees compared to traditional banks. In Colombia, you can easily use Wise to convert your earnings from freelancing into Colombian Pesos (COP) at real exchange rates.

To open a Wise account in Colombia, visit the Wise website or download the app. You'll need to provide your email, create a password, and verify your identity with a government-issued ID, which is essential for compliance with Colombian regulations.

Wise charges a fee that varies depending on the amount and currency involved, typically ranging from 0.5% to 2% for transfers. For example, if you're transferring $1,000, the fee could be around $5 to $20, which is significantly lower than traditional banks.

Transfers using Wise usually take between a few minutes to two business days, depending on the payment method used. For bank transfers, it may take longer, but you can track your transfer in real-time on the Wise platform.