1. Choose a Colombian Bank:

• Research options: Compare different Colombian banks to find one that offers convenient services, competitive exchange rates, and a reliable international transfer process.
• Consider location: If you have a local branch of your foreign bank in Medellín, it might simplify the transfer process.

2. Gather Required Information:

• Bank account details: Your Colombian bank account number, SWIFT code, and ABA number (if applicable).
• Pension provider information: Your pension provider’s name, address, and contact details.
• Currency: Determine the currency in which you’ll receive your pension.

3. Contact Your Pension Provider:

• Inquire about international transfers: Ask your pension provider if they offer international transfer services.
• Provide bank details: Share your Colombian bank account details with your pension provider.
• Discuss fees: Inquire about any fees associated with international transfers and how they will be charged.

4. Choose a Transfer Method:

• Electronic transfer: This is often the most convenient and efficient method. Your pension provider will transfer funds directly to your Colombian bank account.
• Check or wire transfer: If your pension provider doesn’t offer electronic transfers, you may need to receive a check or wire transfer and deposit it into your Colombian bank account.

5. Monitor the Transfer:

• Track progress: Keep an eye on your bank account to ensure the transfer has been completed successfully.
• Contact your bank or pension provider: If you have any concerns or if the transfer is delayed, don’t hesitate to contact your bank or pension provider for assistance.

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