Bank recommendations for opening an account in Colombia?

Member since 13 February 2025

stealtannest3tActive member13 January 2026 22:45:01

What banks do you recommend in Colombia? After 3+ years here I decided to take the plunge and open an account but have run into a few roadblocks. I have just used ATM's and stood in line in the past to pay bills that are only a few hundred USD a month but am tired of this.

Got turned down at Fallabella (your not in the system), Itaú (you need to have filed a declaración de renta), Bancolombia (need a RUT). The line at Davivienda was insane! Have a Cedula de Extranjaria and pensionado visa.

Advice dear fellow expats?

See also

Banking and finances in Colombia - Guide
Opening hotel in Colombia - 11 Replies
Getting a PayPal account for a Venezuelan living in Colombia - 7 Replies
Open a Colombian Bank Account - 11 Replies
Online bank accounts - 30 Replies
Taxes and bank account - 3 Replies
Bank recommendation - 3 Replies

nico peligro Serial expat

Member since 18 September 2020

nico peligroSerial expat14 January 2026 11:10:12

940

BanColombia is no 1 by far.

Davavienda okay to deposit money and take it out immediately.

Last time I checked the App did nor online transfers did not work for people with CEs only citizens but that admittedly was quite a while ago.

Also you have to make sure your deposits and transfers in dont go over 65.89 million ( last year) or you get a form letter from DIAN you can likely ignore in most cases.nunber is $69 .718 million in 2026

South American Voyager Contributor

Member since 11 January 2022

South American VoyagerContributor14 January 2026 14:42:47

139

I've been with Bancolombia for a dozen years with multiple account (i.e credit cards, LOC, R.E. mortgage, debit cards, Nequi, etc.) and would do it all over again.

Just saw this DAVI ad while walking in the Medellin metro this past weekend.

nM1HFMMM

South American Voyager Contributor

Member since 11 January 2022

South American VoyagerContributor14 January 2026 14:45:45

139

Is not the photo option working....................

stealtannest3t Active member

Member since 13 February 2025

stealtannest3tActive member29 January 2026 02:58:21

Ok so here's the update - I was able to open a bank account with Banco Caja Social with just my cedula. They couldn't have been nicer and it was all done in about twenty minutes. No RUT, no declaración de renta nada! Got a debit card and can pay bills online.

Cheers everyone!