Bancolombia SWIFT Code: COLOCOBM

The SWIFT/BIC code for Bancolombia is COLOCOBM. COLO identifies Bancolombia, CO stands for Colombia, and BM is the location code for the main office. This code routes international wire transfers to Bancolombia accounts.

Bancolombia is Colombia's largest bank by assets and deposits, serving over 18 million customers. Headquartered in Medellin, the bank was founded in 1875 as Banco de Colombia. It also operates subsidiaries in Panama, Guatemala, and El Salvador under the Banistmo and BAM brands.

COP International Transfers and Colombian Banking

The Colombian peso (COP) is a freely floating currency regulated by Banco de la República. International wire transfers into Colombia require a declaración de cambio (foreign exchange declaration) for amounts exceeding $10,000. Bancolombia processes both USD and COP inbound wires.

Incoming wire fees at Bancolombia range from COP 30,000 to COP 80,000 (approximately $7 to $20). USD transfers settle in 1 to 2 business days. The bank converts at its daily posted rate, though corporate clients can negotiate FX rates for transfers above $50,000.

Coffee and Oil Export Payment Processing

Colombia is the world's third-largest coffee producer and a significant oil exporter (via Ecopetrol). Bancolombia handles a large share of export payment collections for these industries. Coffee cooperatives and oil services companies frequently receive USD wires through COLOCOBM.

The bank also processes growing volumes of tech sector payments — Colombia's IT outsourcing and fintech industries are expanding, generating USD-COP wire traffic for services exports and venture capital inflows from the US.

How Slash fits in

Slash tracks Bancolombia wire transfers and maps COP payment data alongside your broader Latin American banking accounts. Export receivables and supplier payments are captured with FX details for cross-border cash management.

Bancolombia SWIFT Code: COLOCOBM