Updated September 28, 2026 · VaultCue Editorial Team
Nequi vs Nu Colombia
Nequi
Higher score in this comparison
Nu Colombia
Where Nequi and Nu Colombia differ
| Compare | NequiReviewSee alternativesSee alternatives | Nu ColombiaReviewSee alternativesSee alternatives |
|---|---|---|
| Currency conversion fee | 3% | 0.45%Lower |
| Transfer fee | Free (GRATIS) to send to Nequi or Bancolombia accounts/deposits, to other banks via ACH, and by QR | 0 COP, unlimited free transfers to any Colombian bank or digital wallet |
| Currencies | 2 | Not confirmed |
| Free ATM withdrawals | Not confirmed | COP 1 |
Same on both: Monthly fee (COP 0).
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Key differences
- Nequi scores higher overall: 8.5 vs 8.3.
- Founded is lower at Nequi: 2015 vs 2020.
- Currency conversion fee is lower at Nu Colombia: 0.45% vs 3%.
- Support channels: only Nequi offers Chat, Community.
- Support channels: only Nu Colombia offers Email.
Our verdict on each
Nequi
Nequi suits Colombian adults who want everyday spending and an insured savings balance in a single free account, not readers who need a long currency list. The monthly fee is COP 0, and currency conversion at 3% is the only charge that adds up.
Nu Colombia
Nu Colombia suits anyone in Colombia who wants a peso account for everyday money with no monthly charge and free transfers. The monthly fee is COP 0, the rate is variable at 0.1%, and daily yield suits a holding account rather than a saver.
Score breakdown
| Area | Nequi | Nu Colombia |
|---|---|---|
| Cost | 8.2The monthly fee is COP 0 and transfers are free, but conversion at 3% is well above the everyday-accounts median 0.22%. | Not confirmed |
| Offer | 9.1Higher | 8.6Fee free to run at a COP 0 monthly fee, with a variable rate of 0.1% and free local transfers. |
| Trust | 8.4Higher | 8.1 |
How they place
| Ranking | Nequi | Nu Colombia |
|---|---|---|
| Savings accounts | 582 of 1420 | 600 of 1420 |
Every fact side by side
| Fact | Nequi | Nu Colombia |
|---|---|---|
| Audience | Teen, Business, Freelancer | Not confirmed |
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM | Free ATM |
| Legal entity | Nequi S.A. Compania de Financiamiento | Nu Colombia Compania de Financiamiento S.A. |
| Headquarters | Colombia | Colombia |
| Founded | 2015Lower | 2020 |
| Support channels | Phone, Chat, Help centre, Community | Email, Phone, Help centre |
Money transfer
| Fact | Nequi | Nu Colombia |
|---|---|---|
| Exchange rate markup | 3% | Not confirmed |
| Delivery time | Within 24 hours | Not confirmed |
| Payout methods | Bank, Cash pickup, Wallet | Not confirmed |
| Fee to send 1,000 | COP 0 | Not confirmed |
Savings
| Fact | Nequi | Nu Colombia |
|---|---|---|
| Headline rate | Not confirmed | 0.1% |
| Rate type | Variable | Variable |
| Minimum deposit | Not confirmed | COP 0 |
| Access terms | Nequi savings account for Colombian natural persons over 18, unlimited balance and no transaction cap, one savings account per user, deposit insured by FOGAFIN | Easy access with no time or minimum deposit requirements; unlimited free transfers to any bank, 1 free ATM withdrawal per month, daily yield shown in the app |
| Account kind | Easy access | Easy access |
Where each stands against the rest
| Fact | Nequi | Nu Colombia | Median |
|---|---|---|---|
| Monthly fee | COP 0at the median | COP 0at the median | COP 0 |
| Currency conversion fee | 3%highest quarter | 0.45%below the median | 0.5% |
| Currencies | 2lowest quarter | Not confirmed | 5 |
Median across 536 listed accounts.
Pros and cons
Nequi
Pros
- Deposits are insured by FOGAFAN, and the balance is unlimited with no transaction cap.
- The account kind is easy access and the savings rate is variable.
- Money can go to a bank, a cash pickup point or a wallet, per bank, cash pickup and wallet.
Cons
- Currency conversion costs 3% with a markup of 3%, above the everyday-accounts fee median of 0.22%.
- Only 2 currencies are supported, against an everyday-accounts median of 9.
- A single savings account per user, and only Colombian natural persons can open it.
Nu Colombia
Pros
- A COP 0 monthly fee, so running the account is free
- Unlimited free transfers to any Colombian bank or digital wallet, plus COP 1 free ATM withdrawals a month
- A variable yield of 0.1%, credited daily in the app
Cons
- A yield of 0.1% sits well below the 3.08% savings median
- The rate is variable, so the 0.1% yield can move rather than hold for a term
- Free cash withdrawals are capped at COP 1 a month, and the balance is otherwise moved by transfer
Who each suits
Nequi
Who it suits
- Colombian adults who want savings and everyday spending in a single free account with insured deposits
- People in Nequi's core audience of teen, business and freelancer, from teens to freelancers
- Freelancers in Colombia who take payouts to a bank, a cash pickup point or a wallet, per bank, cash pickup and wallet
Who should look elsewhere
- Readers who hold many currencies: Nequi covers 2 and charges 3% to convert, so Skrill is the one to compare
- Anyone earning or saving in euros rather than pesos, since Plazo ES is priced in euros with a monthly fee of €0
- Readers who want a payment wallet rather than an insured savings balance, since PayPal Colombia also has a $0 monthly fee
Nu Colombia
Who it suits
- Colombian residents who want a peso account for daily spending
- People who move money often and want unlimited free transfers to local banks and wallets
- Holders who accept a variable low yield in exchange for no monthly charge
Who should look elsewhere
- PayPal Colombia, which lists a headline rate of 3.3% against 0.1% here
- AXI Card, which shows 21.59% for anyone chasing the rate rather than free transfers
- Plazo ES, which lists 24.19% for anyone focused on rate rather than free local transfers
Current offers
Nequi
Current offer
Bonus
Tienda Virtual Nequi: Walaky cashback: Up to 7% money back
Devolucion de plata on digital purchases at Walaky through Tienda Virtual Nequi
Source, checked September 26, 2026
Bonus
Tienda Virtual Nequi: Clevercel cashback: Up to 4% cashback
Devolucion de plata on digital purchases at Clevercel through Tienda Virtual Nequi
Source, checked September 26, 2026
Country by country
| Country | Nequi | Nu Colombia |
|---|---|---|
| Colombia | Yes | Yes |
Questions about each
Nequi
What does Nequi cost to keep each month?+
The Nequi savings account carries a monthly fee of COP 0, so there is no standing charge for Colombian adults. Transfers to Nequi or Bancolombia accounts, to other Colombian banks by ACH and by QR are free, with a transfer fee of COP 0.
Is my money protected in a Nequi savings account?+
Deposits in the Nequi savings account are insured by FOGAFIN, and the account kind is easy access. The balance is unlimited with no transaction cap, and the account is open to Colombian natural persons with a single savings account per user.
Nu Colombia
What does it cost to run the account?+
There is no monthly charge, with a monthly fee of COP 0. Transfers to any Colombian bank or digital wallet are unlimited and free. Currency conversion is charged at 0.45%, below the 0.5% median on the site.
What rate does the balance earn?+
The account pays a variable rate of 0.1%, and the daily yield is shown in the app. Because the rate is variable it can move, and it sits well below the 3.08% median for savings accounts on the site.
Other options to compare
Other matchups
Related by the facts
Nequi
Nu Colombia