Welcome to the vibrant and bustling city of Bogotá, Colombia! This dynamic capital is not only a cultural and historical hub but also a growing center for foreign investment and business opportunities. As a foreigner navigating this metropolis, understanding the local banking system is a crucial step in your journey, whether you’re here for work, study, leisure, or to explore business ventures. The right banking knowledge not only eases your financial transactions but also significantly enhances your experience living in or visiting this beautiful city.

Bogotá’s banking sector is robust and diverse, offering services that cater to both local residents and international visitors. From opening a bank account to managing your finances, the Colombian banking system is designed to be accessible, yet it has unique features and requirements that may differ from what you’re accustomed to in your home country.

Banking Services Available in Bogotá for Foreigners

Navigating the banking services in Bogotá is a crucial aspect of settling into your new environment. Colombian banks offer various services designed to meet the diverse needs of their customers, including foreigners. Understanding these services can help you manage your finances more effectively while living or traveling in Colombia. 

Here’s an overview of the banking services you can expect to find in Bogotá:

  1. Types of Bank Accounts
  • Checking Accounts (Cuentas Corrientes): Ideal for daily transactions, these accounts typically come with a debit card and offer unlimited transactions.
  • Savings Accounts (Cuentas de Ahorro): These accounts are suitable for keeping your money safe while earning interest. They might have limitations on the number of free transactions per month.
  • Foreign Currency Accounts: Some banks offer accounts in currencies other than the Colombian Peso, which can be beneficial for managing international finances.
  1. Online Banking and Mobile Applications
  • Most major banks in Bogotá provide online banking services, allowing you to manage your accounts, pay bills, and transfer money online.
  • Mobile banking apps are increasingly popular, offering convenience for everyday banking needs right from your smartphone. Often, these apps feature real-time account monitoring, mobile check deposit, and P2P payments.
  1. International Money Transfer Services
  • Colombian banks facilitate international money transfers, enabling you to send and receive funds from abroad. It is essential to know the fees and exchange rates associated with these services.
  • Some banks may also offer specialized remittance services, which can be a cost-effective way to handle international money transfers.
  1. Credit Cards and Loans for Foreigners
  • Credit cards are widely used and accepted in Bogotá. As a foreigner, applying for a credit card may require additional documentation, such as proof of income or a local guarantor.
  • Personal and mortgage loans may be available to foreigners, subject to certain eligibility criteria and credit checks.
  1. Safe Deposit Boxes

Many banks offer safe deposit box services to safeguard valuable items or documents.

  1. Investment Services

For those interested in investments, some banks offer services like mutual funds, stocks, and bond trading. It’s advisable to seek professional financial advice if you’re new to investing in Colombia.

  1. Customer Service in Multiple Languages

Recognizing the diverse clientele, some banks in Bogotá provide customer service in multiple languages, including English, which can be immensely helpful for expatriates and international visitors.

Each bank in Bogotá has its own set of services, fees, and account features. It’s recommended to compare different banks and choose one that best suits your financial needs and lifestyle in Colombia. In addition, opening a bank account in Bogotá as a foreigner typically involves specific eligibility criteria to ensure compliance with local banking regulations, like residency status, background check, documents and application form. By familiarizing yourself with these banking services and requirements, you can confidently manage your financial affairs in Bogotá, ensuring a smoother and more enjoyable stay in this vibrant city

Top 3 Banks in Bogotá for Foreigners

When settling in Bogotá, choosing the right bank is a significant decision for foreigners. Among the city’s myriad banking institutions, some stand out for their services tailored to international clients. 

Here’s an overview of the top three banks in Bogotá that are particularly foreigner-friendly, offering a range of services designed to meet the needs of expatriates and international visitors.


  • Main Office Address in Bogotá: Carrera 7 #32-33, Bogotá, Colombia.

This central location makes it convenient for expatriates and foreign visitors to access Bancolombia’s services.

  • Overview: As one of the largest banks in Colombia, Bancolombia has a substantial presence in Bogotá with numerous branches and ATMs. Known for its robust digital banking platform, it offers a user-friendly experience for both locals and foreigners.
  • Services for Foreigners: Bancolombia provides a variety of account options, including savings and checking accounts in multiple currencies. Their online and mobile banking services are highly rated, and customer service is available in English.
  • Unique Features: They offer a special service package for expatriates, which includes financial advice, easier access to credit products, and assistance with setting up automatic bill payments.
  • Website: bancolombia.com

Banco de Bogotá

  • Main Office Address in Bogotá: Calle 36 #7-47, Bogotá, Colombia.

Situated in a central part of the city, Banco de Bogotá’s main office is easily accessible for those living in or visiting the capital.

  • Overview: One of the oldest banks in Colombia, Banco de Bogotá has a strong reputation for reliability and extensive banking services.
  • Services for Foreigners: This bank offers a range of accounts, credit cards, and investment products suitable for foreigners. Their international desk is especially helpful for expatriates, providing personalized assistance and guidance in English.
  • Unique Features: They have a dedicated program for non-residents, offering simplified account opening processes and access to international wire transfer services.
  • Website: bancodebogota.com


  • Main Office Address in Bogotá: Calle 67 #7-35, Bogotá, Colombia.

Davivienda’s main office is located in a key area of Bogotá, offering convenience for foreigners seeking banking services.

  • Overview: Davivienda is known for its innovative approach to banking and a strong focus on customer service.
  • Services for Foreigners: They offer a comprehensive suite of banking products, including multi-currency accounts and online banking facilities. Their mobile app is highly intuitive, providing a seamless banking experience.
  • Unique Features: Davivienda stands out for its expat-friendly services, such as English-speaking staff in key branches and tailored financial advice for foreigners adjusting to life in Colombia.
  • Website: davivienda.com

Each of these banks has its own advantages and specialties, so it’s important to consider your specific banking needs, language preferences, and the convenience of branch locations when choosing a bank in Bogotá. Additionally, visiting the banks in person or exploring their websites is advisable to understand better their current offerings and any special promotions or services for foreigners living in Bogotá.


Please enter your comment!
Please enter your name here