Colombia
activeFeaturedNeobankBusiness banking
- HQ
- London
- Fee
- Free personal
Lulo Bank
SFC digital bank. Gilinski / GNB Sudameris. Fogafín COP 50m. Not Bancolombia. Not Nequi.
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6.9Mixed
AlternativesFive questions
At a glance
Is it a bank?
Yes — Bank — Lulo Bank S.A. First 100% digital bank in Colombia. Fogafín member (Superintendencia Financiera de Colombia). Still read the entity on the statement.
If it fails?
Fogafín covers eligible deposits at Lulo Bank S.A. — live cap COP 50 million per depositor per institution. Confirm the current Fogafín ceiling.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Digital SKU — confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.9
/10 · Mixed
Lulo Bank S.A. is Colombia’s first 100% digital bank. SFC. Fogafín, live cap COP 50 million — confirm. Gilinski / GNB Sudameris is the group. It is not Bancolombia and it is not Nequi. Littio is a dollar fintech. Directories still write ‘Bancolombia digital bank’ on this tile. That sentence is false. The charter is Lulo Bank S.A.
What it is
Bogotá, 2020 licence, retail later. The purple app is a bank. Nequi is Bancolombia’s wallet. Two objects. This desk will not merge them.
Best for: Colombia residents who want an SFC digital bank, not a Bancolombia wallet.
Last checked 2026-08-30. Not advice.
What it does well
- +Named SFC bank
- +Fogafín
- +Honestly a bank, not a wallet
- +Not Bancolombia
What to watch
- −Colombia-resident
- −Gilinski group is not a second scheme
- −Nequi is the wallet most Colombians already have
- −Directories invent a Bancolombia link
Who holds the money
The account
- Platforms
- iOS · Android
- Account types
- COP current · savings
- Partner bank
- Lulo Bank S.A. (SFC, Gilinski group)
- Minimum balance
- COP 0
- Lowest monthly fee
- Digital SKU — confirm live
- Who can open
- Colombia residents
- Availability
- Colombia
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- Lulo Bank lists a physical card and a virtual card on visa, plus Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Fogafín covers eligible deposits at Lulo Bank S.A. — live cap COP 50 million per depositor per institution. Confirm the current Fogafín ceiling.
Who holds the money: Lulo Bank S.A.
- Superintendencia Financiera de ColombiaBank — Lulo Bank S.A. First 100% digital bank in Colombia. Fogafín member · Colombia
Fees
- Monthly
- Digital SKU — confirm live
- FX markup
- Not a travel bank
- ATM
- Network schedule
- Interest
- Savings pitch — rates move
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- COP digital current / savings
- Fogafín COP 50m
- SFC bank
- Gilinski group
- Not Nequi
Score
- Safety25%
- 8.0
- Fees20%
- 7.8
- Features15%
- 7.0
- App15%
- 8.0
- Global15%
- 2.8
- Support10%
- 6.4
Change log
Full logLicence
Lulo Bank S.A. — SFC, Fogafín COP 50m
Gilinski / GNB Sudameris. Not Bancolombia. Not Nequi.
Available in
Straight answers
FAQ
01Is Lulo Bank a bank?
Lulo Bank holds a banking-style licence (Superintendencia Financiera de Colombia). Still read the legal entity on the statement, not the app icon.
02How is money protected?
Fogafín covers eligible deposits at Lulo Bank S.A. — live cap COP 50 million per depositor per institution. Confirm the current Fogafín ceiling.
03Where is Lulo Bank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Lulo Bank.
04Card and wallets?
Lulo Bank lists a physical card and a virtual card on visa, plus Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open Lulo Bank remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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