Nequi deposit insurance plays a critical role in protecting users' finances in the digital age. By understanding how this insurance works, its benefits, and its limitations, Nequi users can enjoy the convenience and flexibility of digital financial services with greater peace of mind. As digital wallets and mobile banking continue to evolve, the importance of robust deposit insurance mechanisms will only grow, ensuring a stable and secure financial environment for all users.
Nequi has introduced a feature called "Stash" or "Pocket" (depending on the version), which allows users to set aside money within the app to earn a small return. While this money is still held at Bancolombia, its insurance treatment is the same as the main balance—covered by Fogafín up to the COP 90 million limit. The key difference is that the Stash may offer a different regulatory classification (similar to a demand deposit), but for insurance purposes, it remains a deposit. nequi deposit insurance
As of the current regulatory update (Resolution 1121 of 2023), the maximum amount insured by FOGADE is determined by a legal minimum wage formula. Nequi deposit insurance plays a critical role in
Therefore, the funds you hold in your Nequi account are legally considered deposits at Bancolombia. Under current Colombian regulations, Fogafín insures deposits up to (approximately $22,000 USD as of 2025, though this amount can be adjusted periodically). This coverage applies to the aggregate of all your deposits at the same banking group. For example, if you have COP 50 million in a traditional Bancolombia savings account and COP 50 million in Nequi, your total coverage is still COP 90 million, not COP 180 million. Nequi has introduced a feature called "Stash" or