Bancolombia 2021 «Recommended – Pack»

Bancolombia: The Powerhouse of Latin American Banking

1. Visa Required: You must have a valid Colombian visa (Migrant, Student, or Tourist – though Tourist accounts have heavy restrictions).
2. Cédula de Extranjería: While a passport is required, most full-featured accounts require a foreigner ID card.
3. Option for Non-Residents: Banchile (part of the group) offers cross-border wealth management for non-residents.

The Bancolombia Digital Ecosystem includes:

Competitors and Market Position

• Savings & Checking Accounts (Cuentas de Ahorro/Corriente): The backbone of personal finance in Colombia.
• Credit Cards (Tarjetas de Crédito): Visa and Mastercard options with rewards programs (Colombia Puntos).
• Digital Wallet (Bancolombia a la Mano): Send money instantly using just a phone number.
• Business Banking (Banca Empresarial): Trade finance, payroll, and lines of credit for SMEs.

Credit Rating:

Fitch Ratings recently maintained the bank’s rating at a notch above Colombia's sovereign floor, reflecting its "very strong business profile."