Updated September 28, 2026 · VaultCue Editorial Team
Nu Colombia vs Salt Bank
Nu Colombia
Salt Bank
Higher score in this comparison
What sets them apart
| Compare | Nu ColombiaReviewSee alternativesSee alternatives | Salt BankReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 0.1% | 5.3% to 5.9%Higher |
| Rate type | Variable | Fixed |
| Minimum deposit | COP 0 | RON 500 |
| 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 | 3, 6 or 12 month terms in RON, EUR or USD; interest paid at maturity to the current account; deposits guaranteed up to EUR 100,000 per depositor by FGDB |
| Monthly fee | COP 0 | RON 0 |
| Account kind | Easy access | Fixed |
| Term | Not confirmed | 3 to 12 months |
| Deposit protection | Not confirmed | EU DGS up to EUR 100,000 |
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Key differences
- Salt Bank scores higher overall: 9.5 vs 8.3.
- Salt Bank is available in 9 more countries.
- Headline rate is higher at Salt Bank: 5.3% to 5.9% vs 0.1%.
- Support channels: only Salt Bank offers Chat.
- Pricing model: only Salt Bank offers Low FX.
Our verdict on each
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.
Salt Bank
Salt Bank is built for expats and travellers who bank across Romania and further afield: 19 currencies sit on the same account, local receiving details are iban, and Banca Nationala a Romaniei supervises the bank, with a savings option alongside that pays out at maturity. It scores 7.7 in the comparison.
Score breakdown
| Area | Nu Colombia | Salt Bank |
|---|---|---|
| Cost | Not confirmed | 9.4Monthly charge of RON 0, conversion of 0% and 0 commission for incoming and outgoing payments in Romania in Romania. |
| Offer | 8.6Fee free to run at a COP 0 monthly fee, with a variable rate of 0.1% and free local transfers. | 9.5HigherA fixed deposit at 5.3% to 5.9% over 3 to 12, under EU DGS up to EUR 100,000. |
| Trust | 8.1 | Not confirmed |
Availability and regulation
| Country | Nu Colombia | Salt Bank |
|---|---|---|
| Colombia | Not confirmed | |
| Romania | Not confirmed | Banca Nationala a Romaniei (National Bank of Romania) P.J.R. 40-043 |
Additional countries for Nu Colombia: 1. Additional countries for Salt Bank: 10.
How they place
| Ranking | Nu Colombia | Salt Bank |
|---|---|---|
| Savings accounts | 600 of 1420 | 73 of 1420 |
Also worth a look
AU Small Finance Bank has headline rate at 6.75%, against 0.1% for Nu Colombia and 5.3% to 5.9% for Salt Bank.
AU Small Finance Bank reviewSources behind this comparison
Nu Colombia
- nu.com.co: 10 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
Salt Bank
- salt.bank: 12 facts, checked September 26, 2026
Every fact side by side
| Fact | Nu Colombia | Salt Bank |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Legal entity | Nu Colombia Compania de Financiamiento S.A. | Salt Bank S.A. |
| Headquarters | Colombia | Romania |
| Founded | 2020 | Not confirmed |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone, Help centreCovers more |
Everyday accounts
| Fact | Nu Colombia | Salt Bank |
|---|---|---|
| Currency conversion fee | 0.45% | 0%Lower |
| Currencies | Not confirmed | 19 |
| Audience | Not confirmed | Expats, Travelers |
| Features | Free ATM | Free ATM, Digital onlyCovers more |
| Local account details | Not confirmed | IBAN |
| Free ATM withdrawals | COP 1 | RON 900 |
| Transfer fee | 0 COP, unlimited free transfers to any Colombian bank or digital wallet | 0 commission for incoming and outgoing payments in Romania |
Where each stands against the rest
| Fact | Nu Colombia | Salt Bank | Median |
|---|---|---|---|
| Headline rate | 0.1%lowest quarter | 5.3% to 5.9%highest quarter | 3.25% |
| Term | Not confirmed | 3 to 12 monthsbelow the median | 24 |
Median across 658 listed accounts.
Pros and cons
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
Salt Bank
Pros
- Help is available by email, chat and phone.
- Cash withdrawals come with a free allowance of RON 900.
- Term deposits run in RON, EUR or USD and the interest lands in the current account at maturity.
Cons
- The service is digital only, per free atm and digital only, so there is no branch counter for cash or paperwork.
- Local receiving details are iban only, which limits how money can be received from other markets.
- The fixed deposit needs a minimum of RON 500 and ties the money up for the whole term.
Who each suits
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
Salt Bank
Who it suits
- Expats and travellers named under expats and travelers, who want local and overseas money in the same account.
- Anyone paid in and out in Romania, since 0 commission for incoming and outgoing payments in Romania there.
- Savers who can wait for interest at maturity and collect it in the current account.
Who should look elsewhere
- Not a fee-based decision: Skrill charges €0 a month and eToro £0, so price alone does not separate them.
- Not for people who need UK sort code or US routing numbers for incoming pay, since local details are iban only, the gap to weigh against PayPal Colombia.
Current offers
Nu Colombia
Salt Bank
Current offer
First period offer
Prima luna este gratuit (first month free): First month of any Salt plan free
Applies to the Salt, Salt Everyday and Salt Premium plans on opening
Source, checked September 26, 2026
Bonus
13-lea salariu (13th salary campaign): An extra salary when you bring your salary to Salt
Source, checked September 26, 2026
Country by country
| Country | Nu Colombia | Salt Bank |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Colombia | Yes | No |
| France | No | Yes |
| Germany | No | Yes |
| Ireland | No | Yes |
| Italy | No | Yes |
| Netherlands | No | Yes |
8 of 11 countries where either is available.
Questions about each
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.
Salt Bank
What does a Salt Bank account cost?+
The monthly fee is RON 0 and the currency conversion fee is 0%, so there is no monthly or conversion charge to budget for. Payments in and out in Romania run at 0 commission for incoming and outgoing payments in Romania, and cash withdrawals include a free allowance of RON 900. The conversion fee sits at rank 1 among the brands compared.
Is my money protected at Salt Bank?+
Deposits are covered by EU DGS up to EUR 100,000, so a balance up to that limit is repaid by the scheme if the bank fails. The Romanian guarantee fund FGDB guarantees deposits per depositor as well, and the bank answers to Banca Nationala a Romaniei under licence P.J.R. 40-043.
Other options to compare
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- Salt Bank vs Fortuneo
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- Salt Bank vs M-Pesa
- Salt Bank vs Finom
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- Nu Colombia vs N26
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- Salt Bank vs Bigbank FI
- Nu Colombia vs Revolut UK
Related by the facts
Nu Colombia
Salt Bank