How to Open a Bank Account in Colombia as a Foreigner

Opening a bank account in Colombia as a foreigner is completely possible—even if you don’t reside in the country. In this guide, you’ll discover the requirements, steps, and available alternatives for individuals and international entrepreneurs looking to operate, invest, or manage funds from Colombia.

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Can a Foreigner Open a Bank Account in Colombia?

Yes. Colombia allows foreigners both residents and non-residents to open bank accounts. The process and required documents will vary depending on whether the person is living in Colombia or completing the process from abroad.

The feasibility of opening an account depends on the bank, each institution’s internal policies, and the type of account (savings, checking, or corporate).

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Documents Required to Open a Bank Account in Colombia as a Foreigner

Although each bank may have its own specific requirements, in general, the following are needed:

For individuals:

• Valid passport or foreign ID card (Cédula de Extranjería)
• Business or resident visa (if applicable)
• Proof of income or employment letter (if applicable)
• Personal or bank references
• Completed application form from the bank

For foreign legal entities (companies):

• Certificate of existence and legal representation (apostilled or digitally apostilled)
• Colombian RUT if the company is already registered
• Legal representative’s ID (passport or CE)
• Letter explaining the company’s economic activity

Some banks like Bancolombia, allow non-resident foreigners to open specific accounts if proper documentation is submitted.

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Can I Open a Bank Account in Colombia from Abroad?

Yes. Some banks allow you to open an account from abroad, often through a legal representative in Colombia or international partners. Additionally, platforms like Wise or Global66 offer digital transfer and complementary account options.

However, if you want a fully operational bank account in Colombia with online banking access, it’s highly recommended to appoint a legal representative with a Cédula de Extranjería (CE) or Cédula de Ciudadanía (CC) to complete the process.

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Colombian Banks That Offer Accounts for Foreigners

Some banks with defined processes for international clients include:

• Bancolombia: Savings accounts for non-resident foreigners
• BBVA Colombia: Services for global clients
• Davivienda: Programs for both residents and non-residents
• Banco de Bogotá: Personalized service for international business account

Each bank may request additional documents. It’s advisable to schedule an appointment or contact an advisor in advance.

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Requirements to Open a Business Account as a Foreigner

If you already have a company in Colombia (such as a S.A.S.), you can open a corporate bank account by fulfilling these requirements:

• Certificate of existence (from the Chamber of Commerce)
• Updated RUT
• Legal representative’s ID
• Bank form and interview
• Commercial or banking references

In some cases, banks may require minimum capital or verify the business activity.

Prodezk Tip:
If you’re a foreigner without Colombian residency, you can act as the legal representative of your company using just your passport. However, to enable online banking access, you’ll need to appoint a representative with a CC or CE.

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Comparison Table: Bank Accounts for Foreigners

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Frequently Asked Questions (FAQ)

How long does the process take?
Between 3 to 10 business days if you have all documents ready.

Can I open an account with just my passport?
Yes, but to fully operate (online banking, cards), it’s best to have a CE or appoint a legal representative.

What is the minimum deposit to open an account?
From  $15 USD depending on the bank.

Can I transfer funds from abroad to my Colombian account?
Yes. Most banks accept international transfers via SWIFT code.

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Want to Open Your Account in Colombia Without Complications?

Gaining access to the Colombian banking system as a foreigner is possible—when you know the process and have a reliable team supporting you. At Prodezk, we help you from the formation of your company to opening your bank account, without unnecessary steps or delays.

Ready to move forward? Schedule a free consultation today and start operating legally in Colombia with the support your investment deserves. We're here to help from day one.