Besides the standard information, please note that the full name (written out in full, without initials, abbreviations or acronyms) and the physical full address and of the beneficiary are mandatory.
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Additionally, it is mandatory to provide in the remittance information:
• The beneficiary’s tax ID
• The beneficiary’s contact information (phone number or email address)
Currently we can only support payments to the following local banks:
a) Banco AV Villas (only payments less than 10 000 USD equivalent) - BAVICOBB
b) Banco de Bogota - BBOGCOBB
c) Bancolombia - COLOCOBM
d) Banco de Occidente - OCCICOBCBO 2
e) Citibank - CITICOBB
f) Banco Caja Social BCSC (only payments less than 10 000 USD equivalent) - CASOCOBB
g) Banco Davivienda - CAFECOBB
h) Helm Bank (Banco de Credito - BCTOCOBB
i) BBVA Colombia - GEROCOBB
j) CorpBanca - BCTOCOBB
k) Banco GNB Sudameris (only payments less than 10 000 USD equivalent) - BSUDCOBB
l) Banco Colpatria (only payments less than 10 000 USD equivalent) - COLPCOBB
m) Banco Santander - SANTCOBBXXX