Nequi - Limit Patched

Analysis of Nequi Account Limits: Transactions, Balances, and Regulatory Compliance Subject: Nequi Limit Date: [Insert Current Date] Prepared for: [User / Internal Audit / Finance Team] Prepared by: [Your Name/Department] 1. Executive Summary This report provides a comprehensive overview of the operational and regulatory limits applied to Nequi , a digital wallet platform widely used in Colombia (operated by Bancolombia). The purpose is to clarify the different types of limits (e.g., transaction amounts, daily balances, and monthly movements) based on user verification levels and Colombian financial regulations. 2. Background Nequi functions as an electronic deposit (DEP) account under Colombia’s financial regulations (Decree 1497 of 2018, supervised by the Financial Superintendence of Colombia). As such, it is subject to specific caps designed to prevent money laundering and manage risk, distinguishing it from a traditional savings account. 3. Key Limit Categories Nequi limits fall into three primary categories: