Updated September 28, 2026 · VaultCue Editorial Team
Nu Colombia vs Up
Nu Colombia
Up
Higher score in this comparison
Nu Colombia vs Up: the differences
| Compare | Nu ColombiaReviewSee alternativesSee alternatives | UpReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | COP 0 | A$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 | On-demand easy access via the Up app; interest activates after 5 eligible card purchases in a month, no deposit required |
| Monthly fee | COP 0 | A$0 |
| Headline rate | 0.1% | Not confirmed |
Same on both: Rate type (Variable), Account kind (Easy access).
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Key differences
- Up scores higher overall: 9.4 vs 8.3.
- Support channels: only Up offers Chat.
- Pricing model: only Up 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.
Up
Up suits anyone who wants an everyday Australian account that charges no monthly fee and no currency conversion fee. The monthly fee is AUD 0, the currency conversion fee is 0%, and the account is provided by Bendigo and Adelaide Bank Limited, with a variable rate on balances.
Score breakdown
| Area | Nu Colombia | Up |
|---|---|---|
| Cost | Not confirmed | 9.4Cash withdrawals are free within the allowance of AUD 0 and the minimum deposit is AUD 0, so running costs stay low. |
| Offer | 8.6Fee free to run at a COP 0 monthly fee, with a variable rate of 0.1% and free local transfers. | 9.2HigherBuilt for travelers, with help on chat, phone and email and an Australian Credit Licence, 237879. |
| Trust | 8.1 | Not confirmed |
How they place
| Ranking | Nu Colombia | Up |
|---|---|---|
| Current and checking accounts | 165 of 885 | 44 of 885 |
| Savings accounts | 600 of 1420 | 110 of 1420 |
Every fact side by side
| Fact | Nu Colombia | Up |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Legal entity | Nu Colombia Compania de Financiamiento S.A. | Bendigo and Adelaide Bank Limited |
| Headquarters | Colombia | Australia |
| Founded | 2020 | Not confirmed |
| Support channels | Email, Phone, Help centre | Chat, Phone, Email, Help centreCovers more |
Everyday accounts
| Fact | Nu Colombia | Up |
|---|---|---|
| Currency conversion fee | 0.45% | 0%Lower |
| Audience | Not confirmed | Travelers |
| Features | Free ATM | Free ATM, Joint accountCovers more |
| Free ATM withdrawals | COP 1 | A$0 |
| Transfer fee | 0 COP, unlimited free transfers to any Colombian bank or digital wallet | Free for domestic Pay Anyone transfers, BPAY and direct debits; international transfers sent via Wise |
Where each stands against the rest
| Fact | Nu Colombia | Up | Median |
|---|---|---|---|
| Headline rate | 0.1%lowest quarter | Not confirmed | 3.25% |
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
Up
Pros
- No monthly charge on the everyday account: AUD 0.
- No currency conversion fee: 0%.
- Joint accounts and free cash machine withdrawals are both on the free atm and joint account list.
Cons
- Interest activates only after a set number of eligible card purchases in a month, so a balance must see card spending first.
- The account kind is easy access with a variable rate, so a fixed-rate term is not part of the deal.
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
Up
Who it suits
- People in Australia who want a current account with AUD 0 a month and 0% on currency conversion.
- The travellers Up is aimed at, since its listed audience is travelers.
- Pairs who want to share one account, as a joint account appears under free atm and joint account.
Who should look elsewhere
- Readers who want a euro account rather than an Australian one, since €0 a month at XTB and €0 at AXI Card Tarjeta y Credito sit outside Up's Australian base.
- Anyone focused mainly on moving money rather than holding a bank balance, where Skrill charges €0 a month.
Current offers
Nu Colombia
Up
Current offer
Bonus
Sign up & SCORE $10 with code UPYEAH10: $10 AUD
Code must be used at sign-up via the Up app; offer only applies to individuals opening a new Up Everyday Account
Source, checked September 26, 2026
Country by country
| Country | Nu Colombia | Up |
|---|---|---|
| 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.
Up
What does it cost to hold an Up account?+
Up charges a monthly fee of AUD 0 on the everyday account, and the currency conversion fee is 0%. The minimum deposit is AUD 0. Domestic Pay Anyone transfers, BPAY and direct debits are free, while international transfers are sent through Wise.
Who provides the account and what licence is behind it?+
The account comes from Bendigo and Adelaide Bank Limited, Bendigo and Adelaide Bank Limited, which is based in Australia, AU. Up also holds an Australian Credit Licence, 237879, and an Australian Financial Services Licence in Australia.
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Nu Colombia