Skip to content

🇨🇴 Sending to Colombia

CO · COL · +57 · South America

COP

SWIFT BIC required

← Back to Country-specific guides

Required information

  • SWIFT BIC

    Beneficiary bank BIC (8 or 11 characters).

  • Purpose-of-payment code (mandatory)

    4-digit Purpose of Payment code

  • Beneficiary full name

    Spelled out exactly as registered at the bank. No initials or abbreviations.

  • Regulator-mandated fields

    Beneficiary phone number + others

For your end users

Double-check the beneficiary's full name (no initials), account number, and bank SWIFT/BIC against what their bank has on file. International wires can take 1-5 business days and may be delayed by sanctions screening.

Real-Time Alternative

Transfiya

Last reviewed by GIB compliance on 2026-05-19. Reference material only.

  • Currency

    COP

  • Typical settlement

    1-2 business days typical; longer for cross-border with FX or compliance review.

  • SWIFT BIC

    Required

  • Local clearing

    CUD (BdR)

Routing identifiers

Which routing codes the wire-creation API call must include for Colombia.

Field Value
SWIFT BIC Required
None Optional
Local clearing CUD (BdR)

Counterparty fields

Party details the destination expects on the beneficiary. Mandatory fields are required by the destination; recommended fields reduce the chance of a delay or return.

Mandatory:

  • Beneficiary phone number (Cdtr/CtctDtls/PhneNb)
  • Whether the beneficiary is a company or a person (Cdtr/Id/OrgId or Cdtr/Id/PrvtId)
  • Beneficiary identifier, such as a tax or registration number (Cdtr/Id/OrgId/Othr/Id or Cdtr/Id/PrvtId/Othr/Id, with SchmeNm) — 7-11 digit Cédula (individual) or 10-digit NIT (corporate/NGO/org) Scope: FX only

Recommended:

  • Beneficiary email address (Cdtr/CtctDtls/EmailAdr)

Purpose of payment

Put the country's own code in <Purp><Prtry> (purpose_code_proprietary). Requirement: Mandatory (confirmed) GIB check: a missing or unexpected purpose is reported as a validation warning; the wire is not held.

Field Value
Code format 4-digit Purpose of Payment code
Source ↗ Banco de la República DCIP-83

Available codes:

4-digit codes administered by Colombia's central bank (Banco de la República) via the DCIP-83 compendium (Annex 1). Examples include codes for goods imports, services, transfers, and capital flows.

Remittance info

Extra content the regulator requires inside the free-text remittance field, beyond the purpose-of-payment code.

Standard remittance-info field - clearly identify the economic reason for the payment.

Operational notes

Field Value
Currencies accepted COP
Typical settlement 1-2 business days typical; longer for cross-border with FX or compliance review.
Banking holidays ↗ Calendar

Common rejection reasons

Documented patterns that cause this country's banks to return wires. Universal reasons (sanctions holds, missing BIC) aren't repeated here.

Missing 4-digit Banco de la República PoP code (mandatory for FX).
Missing legal_id (7-11 digit Cédula or 10-digit NIT).
Missing phone (required by regulator for FX wires).
Beneficiary name mismatch.
Sanctions or compliance hold.

Validate before you send

Check identifiers before you submit. The IBAN check runs in your browser (format plus the ISO 13616 MOD-97 check digit). GIB's API checks the IBAN format for countries where an IBAN is required. The BIC lookup searches GIB's BIC directory and needs a dashboard login.

BIC lookup

Loading…

References

First-party sources — central banks, FX regulators, ISO registries. Always re-verify against these before pushing volume to a new corridor.

Disclaimer

These country guides aggregate information from central banks, regulators, and industry-standard references. Global Innovations Bank reviews them on a rolling cadence and notes the verification date on each page. Payment-corridor rules change between releases, so we cannot guarantee continued accuracy.

Always verify against the primary sources linked in the References section before going live in a new corridor. Re-check applicable sanctions lists (OFAC, EU, UK, UN consolidated, and any state-level requirements) at the time of payment, since designations shift between our refreshes.

For fintech partners on GIB's sponsor-bank rails, these guides do not replace your BSA/AML, KYC, sanctions-screening, or transaction-monitoring obligations under your program agreement with GIB.

Nothing in this material constitutes legal, tax, or regulatory advice, and wire-acceptance decisions remain at the discretion of GIB Compliance and the destination bank.

← Back to Country-specific guides