One of Colombia’s most widespread digital wallets, run by Bancolombia, covering transfers, bills, top-ups and micro-merchant acceptance, heavily used by people without bank accounts.
!Not a bank. Nequi operates as an electronic deposit account in Colombia’s financial system (a simplified low-value account) with different protections from a full deposit account; wallet balances are e-money / stored value, NOT deposits, and are outside deposit-insurance protection. Funds are safeguarded in segregated / trust accounts under the applicable rules, not covered by any deposit guarantee scheme.
Yes. You need a Colombian mobile number and ID; foreigners can register with a passport plus a foreigner ID card (cédula de extranjería). Short-stay visitors usually get only a restricted account or cannot register at all.
No mandatory minimum; an initial top-up of COP 20,000–100,000 is typical｜In-app transfers and spending are usually free; some withdrawals and merchant receipts are charged.
A simplified low-value electronic deposit account with monthly and balance caps set by Colombian regulation (lower than a standard account). Check the app. Its protection rules differ from a standard deposit account — read the official terms.
Yes. You need a Colombian mobile number and ID; foreigners can register with a passport plus a foreigner ID card (cédula de extranjería). Short-stay visitors usually get only a restricted account or cannot register at all.
Local bank account: Not required — a standalone account you can load with cash at agent locations. Items typically needed: A Colombian mobile number; Colombian cédula (cédula de extranjería for foreigners) plus passport; A smartphone for the selfie check.
Typically: A Colombian mobile number; Colombian cédula (cédula de extranjería for foreigners) plus passport; A smartphone for the selfie check.
How to sign up: Fully online — register with a Colombian number, ID and a selfie check (About 10–15 minutes). Steps: 1) Download the Nequi app 2) Register with your Colombian number 3) Upload your ID and complete the selfie check 4) Set a 4-digit Nequi password 5) Top up with cash or receive money to start using it Fees: In-app transfers and spending are usually free; some withdrawals and merchant receipts are charged.
A simplified low-value electronic deposit account with monthly and balance caps set by Colombian regulation (lower than a standard account). Check the app. Its protection rules differ from a standard deposit account — read the official terms.
E-wallet rules change often — always follow the latest instructions in the official app.