Nu Colombia review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
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.
Key facts
- Best for
- A fee free peso account for daily spending in Colombia, with a small balance earning daily yield.
- Headline rate
- 0.1%↗
- Rate type
- Variable↗
- Minimum deposit
- COP 0↗
- Access terms
- 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↗
- Monthly fee
- COP 0↗
- Account kind
- Easy access↗
- Legal entity
- Nu Colombia Compania de Financiamiento S.A.↗
- Headquarters
- Colombia↗
- Founded
- 2020↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- nu.com.co
Everyday accounts
- Currency conversion fee
- 0.45%↗
- Free ATM withdrawals
- COP 1↗
- Transfer fee
- 0 COP, unlimited free transfers to any Colombian bank or digital wallet↗
- Features
- Free ATM withdrawals
Facts checked September 26, 2026, 3 sources
Apps and profiles
Pros and cons
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 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
Who runs it
Nu Colombia runs the account through Nu Colombia Compania de Financiamiento S.A., based in Colombia and supervised by the Superintendencia Financiera de Colombia. The group was founded in 2020, and its legal name identifies a financing company. Support runs on email, phone and help centre, so help is handled remotely rather than in branch.
How Nu Colombia compares
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Where Nu Colombia is available
- Available
- Colombia
- Licence in Colombia
- Superintendencia Financiera de Colombia, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
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.
Who regulates it?+
The account sits with Nu Colombia Compania de Financiamiento S.A., based in Colombia and supervised by the Superintendencia Financiera de Colombia, the regulator named in its licence. The group was founded in 2020 and its legal name identifies a financing company.
Is there a minimum deposit or a lock in?+
The minimum deposit is COP 0, so nothing is required to open or hold the balance. It is an easy access account with no time limit, so money can be moved out whenever the holder wants rather than at a term.
Can I get cash, and how often?+
Cash comes out at ATMs, with COP 1 of free ATM withdrawals each month. The rest of the money moves by transfer, and transfers to any Colombian bank or digital wallet are unlimited and free.
How do I get help?+
Support runs on email, phone and help centre: email, phone and a help centre. Help is handled remotely rather than in branch, so questions about transfers, the yield or card use go through those channels.
Can I hold other currencies or use it abroad?+
The account is a Colombian peso product for use in Colombia. Any conversion to another currency is charged at 0.45%, which is below the 0.5% median conversion charge across the site.
Sources
- en.wikipedia.org/wiki/Nu_Holdings checked September 26, 2026
Backs: Founded
“In November 2020, Nubank announced that the company would begin operations in Colombia.”
- nu.com.co checked September 26, 2026
Backs: Account kind, Headquarters, Legal entity, Licences
“Carrera 11 # 79 - 66, Bogota, CO”
- nu.com.co/cf/cuenta-condiciones checked September 26, 2026
Backs: Access terms, Free ATM withdrawals, Features, Currency conversion fee, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type, Support channels, Transfer fee
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Deposit protection.
Other rankings
Nu Colombia
A fee free peso account for daily spending in Colombia, with a small balance earning daily yield.