without a cedula? I'm pretty sure someone said it could be done. (Hunter?)

If you know how to do this, please let me know. If I can save the hassle (!) and cost of another visa, I'd appreciate it.

Thanks in advance.

Posted on July 3, 2007


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Comments:

you need a cedual to open a bank account in Colombia but first you need a visa from MRE or your local Colombian consulate .....get a cedula from the DAS when you are in Colombia

Posted on July 3, 2007


tomtom,

Thanks buddy. I am only asking because in talking with Juan he explained to me that he was incurring some kind of tax obligations with people wiring big dollar amounts into his account to buy apartments. Possibly it was different when you bought your apartment....?

Posted on July 3, 2007


Even after you get your Cedula, SOME BANKS, not all, still want you to have SIX MONTHS of residence history in Colombia before they will open your account.

Posted on July 3, 2007


We have accounts with Bancolombia and Citibank. Initially Banncolombia refused to open an account for us, but when they saw Citibank had done so they changed their mind!

It seems to me that some branches of a particular bank in Colombia can be very awkward and others can very helpful, it may be that it depends more on the branch manager than the bank.

Posted on July 3, 2007


tomtom,

I can't afford your place :-(, remember I stayed in it on one of my trips. It's primo in my book, but more than I want to spend right now.

I'm going to look around in August and hope to have everything in place so I can buy if the time seems right.

I'm kicking myself for not pursuing the cedula thing with more persistance when I had my Visa. Two wasted half days to DAS three months apart proved fruitless, they gave me a temporary cedula but lost my permanent. My frustration was compounded by my weak spanish, the people at DAS don't suffer los gringos bobos con mucho gusto. I finally just gave up. Now I'm faced with starting all over again. *sigh*

Posted on July 3, 2007


Wow, I had no idea they would do that. Can anyone give details on how much those taxes would be, or any other info?

Posted on July 3, 2007


GIB you only pay taxes when your withdraws are more than 4,000,000 in a calendar month..then it is 4 per mill so on 4,000,000 it would run 4,000 pesos...I have had a bank account for a while now and have never paid taxes ...monthly bank charges of course but no tax....of course I never accumulate more than 4,000,000. I think for the average Colombian they don't have to worry about this tax if more for the wealthy folks

Posted on July 3, 2007


The tax is 0.004% of all the money you move into or out from your bank account. You can apply for an exemption for only one bank account and you won't be taxed for money movements up to COP$ 4.000.000. If you move money over this ammount you will be taxed immediately and will appear in your monthly bank report. Of course, the tax is so small is almost always unnoticed.



If you have more than one bank account, you can only apply for this exemption on only one account. And the account should be for a single person not for two persons (sometimes here in colombia an account could belong to up to 4 different persons).

Posted on July 3, 2007


just went to the bank to use the ATM....I asked the security guard about 4/1000....I know it sounds crazy to ask a security guard by the line for information was just to long and sometimes the security guards are more knowledgeable than some employees...anyway he said the 4/1000 only applies to current accounts not savings accounts...I didn't have time for more questions as I was double parked in front of a bank

Posted on July 3, 2007


Juan may have been talking about a trigger for filing an income tax return.

A large number of Colombians would never need to file an income tax declaration. There are five triggers and if one of them applies to you, you need to declare. Earning more than about 60 million pesos per year is one trigger. Another is making bank transfers of a certain value, I don't remember how much.

Posted on July 3, 2007


ok just got back from the bank.....I talked to the service agent and this is how it works
you can have as many accounts in different banks that you want....you can elect for only one of those accounts to be free of 4/1000.....but you must not have balances over 7,000,000 per month....if it goes over the 7 million then you will tax 4/1000 on the amount above 7 million only so like I said before for the average person the tax doesn't really apply

Posted on July 3, 2007


vicshere,
eres el hombre! (Does that translate into You da Man?)
Thanks for your efforts to figure this one out!

Posted on July 3, 2007


forgot when you open the account make sure you tell the agent that your want your account free from 4/1000 they have a special form you to fill out....if you don't do that form they will automatically tax you account even if it only has 500,000 or what even in it...I guess they figure you have other accounts at other banks which have free 4/1000...if you have a bank account check your statement and see if they are charging you 4/1000.....if they are go to the bank and change it..its easy

Posted on July 3, 2007


I've heard the best bet is just to open your account with CitiBank outside of Colombia and then you should be able to have all the same rights you normally would.... CitiBank has enough of a presence in Colombia...

2 in Barranquilla, 8 in Bogota, 2 in Bucaramonga, 2 in Cali, 2 in Medellin, and 1 in Cartagena...

Any thoughts... I have 3 bank accounts in the U.S., one with Citibank and just want to verify that when I'm down there, all I have to take is my Citibank card to avoid fees....

Thanks

Posted on July 3, 2007


Okay, I just called CitiBank and they said I can use my U.S. CitiBank card without any fees at their ATM's.... They used to charge a 3% fee, but no longer do so... But, if I want to deposit money or anything like that, I have to go into a branch and open up a new account within Colombia... All I need is my current CitiBank card and cedula....

Posted on July 3, 2007


Citibank Colombia wanted you to fill out an IRS W-9 ??? GIB, think they would have THROWN me out for shoving that form up their ·&$)=)=/%/=? hahahah

Posted on July 3, 2007


Why would they require a W-9?... That's kind of odd....

Posted on July 3, 2007


i opened my account at BIC (bancolombia) about 18 years ago in oviedo (medellin) it was a real complicated issue because they thought i was a traficante. the only foreigner living in medellin in those days. but finally they gave in and all they wanted was cash. no ced. no nada. i've had the account for years. sorry it's such a drag today. same with papers, marriage, visas, etc.

good luck
dw

Posted on July 3, 2007