FAQS

FAQS

FAQS

Find frequently asked questions about our Real Estate services. Don't forget to contact us if you have any further questions.

Find frequently asked questions about our Real Estate services. Don't forget to contact us if you have any further questions.

No fees for this concept.

30 USD for each transaction and a margin of 30 Colombian pesos for each dollar you change.

The spot or market rate at the moment you decide to convert the dollars, to that rate discount of 30 pesos which is the margin cost for the transaction.

We have no fees for that, however, Colombian laws have a tax called "4X1000" which means that always you will make a payment to a third person, we discount from the account 0.4% of the total value of each wire or transfer.

The account in Corredores Davivienda is not a bank account it is a broker account, which means that is an account for investments between them and the conversation of currencies, although we can make payments it is not the main purpose, for that is better to have a bank account.

Usually, we have better rates than banks, because you can convert the money directly with our trading desk and select the day you want to convert the money, and the costs are less than 1% of the transaction, sometimes banks are more expensive.

We do not have a minimum amount.

I received documents of the SAS, however, if you want to have your account you can open one, indeed it is easier than the company account, however with the personal account you are not able to do transactions different to currencies, because you are a foreigner, with the company account the company can do investments because the company is located in Colombia. 

 

I suggest you open both accounts, a broker account with us, and a bank account with a bank in Colombia because our account is not specialized in do many payments.