Colombia has an active set of digital providers and neobanks used by businesses, with fast online onboarding and often no maintenance fee. Nequi runs Nequi Negocios, DaviPlata offers its Mi Negocio service, and Lulo Bank and Nu Colombia run fully digital accounts. They suit collection and everyday flows, with a narrower product range than a full bank. Traditional banks such as Bancolombia and Davivienda remain the choice for branch access and a wider service range.
- Maintenance fee
- Several digital providers offer a business account with no maintenance fee. Confirm with the provider.
- Best for
- Fast online onboarding, low cost collection, and everyday business flows.
- Trade off
- A narrower product range than a full bank, for example fewer foreign trade services.
- Who can open
- A registered Colombian entity with a RUT and NIT is normally required.
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Digital providers and neobanks in Colombia
Colombia has a large and competitive digital finance sector. As of 26 March 2026, several providers offer accounts that open online, often with no maintenance fee, and a mobile first experience. Nequi, part of the Bancolombia group, runs Nequi Negocios, which turns a smartphone into a way to take card payments and share payment links. DaviPlata, part of Davivienda, serves small businesses and the self employed through its Mi Negocio service. Lulo Bank is a fully digital bank that has grown its business lending and deposits. Nu Colombia, the local arm of Nubank, offers digital accounts with streamlined onboarding. Availability of specific business features varies, so confirm what each one offers for a registered company.
What they suit
Digital providers tend to fit businesses that want fast onboarding, low cost collection, and simple everyday flows. They are often strong for receiving payments and managing day to day money on a phone. As of 26 March 2026, the trade off is usually a narrower product range than a traditional bank, for example fewer foreign trade desks or branch services. For a business that needs those, a traditional bank such as Bancolombia or Davivienda may fit better, often for a monthly package fee. Note that Revolut has signalled plans to enter Colombia while its licensing is resolved, so treat its local business availability as unclear and verify before relying on it.
How to choose between digital and traditional
- List the services you actually use, including collection, transfers, cards, and any foreign trade needs.
- Compare the no maintenance fee digital account against the broader service range of a traditional bank.
- Confirm the opening requirements, the limits, and the current fees with the provider before you apply.
Questions about online accounts and neobanks in Colombia
Which neobanks offer business accounts in Colombia?
Are digital business accounts free in Colombia?
Can a neobank replace a traditional bank for my business in Colombia?
Do digital providers in Colombia require a RUT and NIT?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 26 March 2026. Confirm current terms with the provider before applying.