Switching business bank account in Colombia

Snapshot

Colombia does not run an automated business account switch service that moves your payments for you. You open the new account, then move collection, payroll, suppliers, and recurring payments yourself, and run both accounts in parallel until everything has moved. Plan the change around your billing and payroll dates, and close the old account only once nothing is still routed to it.

National switch service: No automated business switch service as of 24 June 2026. The move is manual.
What moves: Card and PSE collection, payroll, suppliers, and any automatic debits.
Tax identity: Your RUT and NIT stay the same; update bank details where they are held.
Old account: Keep it open until redirected payments stop arriving, then close it.

Fees and features as of 24 June 2026Last reviewed 24 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 24 June 2026, switching a business account in Colombia is a manual process because there is no national service that moves payments for you. The reliable approach is to open the new account, list every incoming and outgoing recurring payment, redirect each one, and keep the old account open in parallel until nothing is still routed to it. Your RUT and NIT do not change, but you update the bank details held by the DIAN, customers, suppliers, and payroll. Plan the timing around your billing and payroll cycles, and confirm fees with both banks.

How switching works in Colombia

Some markets run an automated switch that moves standing payments to the new bank within a set number of days. As of 24 June 2026, Colombia does not have that for business accounts, so the work falls to you and your team. The aim is to make sure money keeps arriving and leaving on time while you move each connection across, rather than flipping everything in a single day and risking a missed payroll run or a returned supplier payment.

Map what is connected to the old account

Start with a full list of what touches the account. That usually includes card and QR collection, PSE payment links, customer transfers, payroll, supplier payments, tax payments to the DIAN, and any automatic debits for software, utilities, or financing. As of 24 June 2026, each of these has to be pointed at the new account one by one, so an accurate list is what keeps the move clean.

Move in parallel, then close

Open the new account and keep the old one running while you redirect each payment. As of 24 June 2026, watch for items that only occur monthly or quarterly, since these are easy to miss. Once a full cycle has passed and nothing new is arriving in the old account, confirm there is no maintenance fee still accruing and close it.

How to switch

Open the new business account and confirm it is fully active for collection and payments.
Redirect collection, payroll, suppliers, and automatic debits, and update bank details with the DIAN, customers, and suppliers.
Run both accounts in parallel for at least one full billing and payroll cycle, then close the old account once nothing is routed to it.

We do not list a business account that is confirmed available to business customers in Colombia through an affiliate as of 24 June 2026. Colombian banks and digital providers serve business customers locally. Compare the local options directly, see the related guides below for markets where listed providers are available, and verify any option with the provider before applying.

Questions about switching in Colombia

Is there a national bank switch service in Colombia?

As of 24 June 2026, Colombia does not run an automated business account switch service that moves payments for you, unlike some other markets. You open the new account and move collection, payroll, suppliers, and recurring payments yourself. Confirm the current process with both banks.

How do I move recurring payments when switching in Colombia?

You list every incoming and outgoing recurring payment, including card collection, PSE links, payroll, suppliers, and any automatic debits, then update each one to the new account. As of 24 June 2026, run both accounts in parallel until everything has moved before you close the old one.

Should I keep my old Colombian account open during a switch?

Keeping the old account open for a period is a common approach so that late payments and refunds still land while you redirect them. As of 24 June 2026, confirm whether the old account charges a maintenance fee during this time, and close it only once nothing is still routed to it.

Do I need to update my RUT when I switch business accounts?

Your RUT and NIT do not change when you switch banks, but you may need to update bank details held by the DIAN, customers, suppliers, and payroll. As of 24 June 2026, confirm what each party needs and verify the current requirements with the DIAN and the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 24 June 2026. Confirm current terms with the provider before applying.

Switching business account in Colombia