Colombian Peso Account
Open an account in Colombian pesos (COP) once and keep it. Share its bank details with the payers these details accept (see below). Every payment arrives in your Peanut balance as digital dollars. There is no amount to match. If the app shows a reference with your details, add it to every transfer.
Open One
- Open the app and go to Accounts
- Under Open new account, choose Colombian pesos
- Tap Open COP account
- Copy the bank details, or share them from the app
Most verified users can open one, wherever they live. It is not available to residents of the UK, New York or a few restricted countries. You can hold 2 accounts at a time. If you need another, ask support. Opening and keeping the account is free.
Colombian pesos need one more check by our payment partner after you verify. The app shows One more check for the COP account until it is done.
You get a Bre-B key, which is all a payer in Colombia needs. The app shows the exact name your payer must use. The details never change, so a client can save them once.
Who Can Pay You
You can always pay in from your own bank account. A company can pay you too — payroll, a client, an invoice.
Another individual cannot pay these details by bank. Only you and businesses can pay a Colombian pesos account. If a friend wants to send you money, ask them to send you digital dollars instead.
Getting Paid and Cashing Out
Colombian pesos work both ways. Get paid into this account, and withdraw pesos to a Colombian bank account whenever you want. You can also cash out as digital dollars or use one of the other bank rails.
Fees and Limits
Peanut charges no deposit fee. Each payment must be at least 100 COP and at most 11,552,000 COP. Your own bank may set its own limits on outgoing transfers. See the pricing page for the full picture.
What lands in your balance is digital dollars, converted at the rate the app shows.
If a Payment Does Not Arrive
If you sent it from your own bank account, contact support with the transfer confirmation. If somebody else sent it, check who: a payment from another individual is returned to their bank, because Colombian pesos only accept a business or your own account — see Who can pay into my account.
If the payment matched the rule and still came back, contact support with the sender's bank confirmation.
FAQ
Do I need a reference number?
Only if the app shows one with your details. Then every transfer must carry it, or the payment cannot be matched to you.
Does the amount have to match anything?
No. Any amount between 100 COP and 11,552,000 COP works, as many times as you like.
Do I have to live in Colombia?
No. What decides it is whether your account is cleared for the Colombian peso rail, not where you live. Residents of the UK, New York and a few restricted countries cannot open it. The app shows the currency when you can open it.
Can I withdraw pesos to my Colombian bank?
Yes. You can be paid into these details and withdraw Colombian pesos to a Colombian bank account. You can also cash out as digital dollars.
Can I stop using them?
Contact support to request retirement. There is no self-service option yet. Retirement does not switch the details off at the bank: people who already have them can still send. Tell your payers before changing details.