Updated October 14, 2026 · VaultCue Editorial Team
Nu Colombia vs ubank
Nu Colombia
Higher score in this comparison
ubank
What sets them apart
| Compare | Nu ColombiaReviewSee alternativesSee alternatives | ubankReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 0.1% | Not confirmed |
| Rate type | Variable | Not confirmed |
| Minimum deposit | COP 0 | Not confirmed |
| 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 | Not confirmed |
| Monthly fee | COP 0 | Not confirmed |
Same on both: Account kind (Easy access).
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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.
ubank
Ubank lists goal-oriented savings, Autosave, savings accounts and Shared Save accounts.
Score breakdown
| Area | Nu Colombia | ubank |
|---|---|---|
| Offer | 8.6Fee free to run at a COP 0 monthly fee, with a variable rate of 0.1% and free local transfers. | Not confirmed |
| Trust | 8.1 | Not confirmed |
How they place
| Ranking | Nu Colombia | ubank |
|---|---|---|
| Current and checking accounts | 165 of 885 | 791 of 885 |
| Savings accounts | 600 of 1420 | 1317 of 1420 |
Every fact side by side
| Fact | Nu Colombia | ubank |
|---|---|---|
| Pricing model | No monthly fee | Not confirmed |
| Legal entity | Nu Colombia Compania de Financiamiento S.A. | National Australia Bank |
| Headquarters | Colombia | Australia |
| Founded | 2020 | 2008Lower |
| Support channels | Email, Phone, Help centre | Not confirmed |
Everyday accounts
| Fact | Nu Colombia | ubank |
|---|---|---|
| Currency conversion fee | 0.45% | Not confirmed |
| Features | Free ATM | Not confirmed |
| Free ATM withdrawals | COP 1 | Not confirmed |
| Transfer fee | 0 COP, unlimited free transfers to any Colombian bank or digital wallet | Not confirmed |
Where each stands against the rest
| Fact | Nu Colombia | ubank | Median |
|---|---|---|---|
| Headline rate | 0.1%lowest quarter | Not confirmed | 3.25% |
| Monthly fee | COP 0at the median | Not confirmed | COP 0 |
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
ubank
Pros
- Ubank lists goal-oriented savings, Autosave, savings accounts and Shared Save accounts.
- The captured overview does not provide rates.
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
ubank
Who it suits
- Australia Ubank customers choosing goal-based, automatic or shared savings tools
Current offers
Country by country
| Country | Nu Colombia | ubank |
|---|---|---|
| Australia | No | Yes |
| Colombia | Yes | No |
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.
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.
Other options to compare
Other matchups
Related by the facts
Nu Colombia
ubank