Banco de Occidente review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
Banco de Occidente centres its credit cards with miles and exclusive benefits alongside savings, consumer credit, vehicle finance, mortgages and investment funds. For households wanting cards, saving, borrowing and family protection together, it provides mobile and online management with QR approval for transactions.
Key facts
Loans
- Term
- 12 to 72 months↗
- Arrangement fee
- Free (0 COP): the credit study carries no cost↗
- Credit check
- Hard↗
- Funding time
- 24 to 48 business hours after approval and signing↗
- Rate type
- Variable↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Minimum income from 2.2 SMLMV; employment seniority minimum 6 months for employees; age from 23 to 74 years; employees, pensioners and self-employed↗
- Loan types
- Personal↗
- Use cases
- Home-improvement↗
Savings
Pros and cons
Pros
- Covers savings, credit cards, loans, mortgages and investment funds together
- Links credit cards to miles on purchases and exclusive benefits
- Provides mobile app with QR approval for secure transactions
- Offers life and unemployment cover alongside banking products
Cons
- Wide catalogue places credit cards among many loans and savings options
- Service centres on mobile app, web portal and digital approvals
Who it suits
- Drivers who want dedicated vehicle finance alongside everyday banking
Who should look elsewhere
- People who want a single product without wider banking
How Banco de Occidente compares
Where Banco de Occidente is available
- Available
- Colombia
- Licence in Colombia
- Financial Superintendence of Colombia (3140), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What products does Banco de Occidente offer?+
Banco de Occidente offers savings accounts, credit cards, consumer loans, vehicle finance, mortgages and collective investment funds. Life and unemployment protection is available alongside banking products, while digital channels support everyday management and household payments.
What savings and investment options are available?+
Banco de Occidente supports saving for goals through savings accounts that encourage steady growth. Collective investment funds are also available within the same range, so saving and investing remain connected to everyday banking relationships.
How can you manage accounts through digital channels?+
You can manage obligations through digital channels, including the mobile banking app and the web portal. The app allows QR code approval, which adds confirmation before transactions are completed quickly and securely.
What benefits link to its credit cards?+
Its credit cards accumulate miles with each purchase you make. You also receive advance access to experiences and exclusive benefits, which connect everyday card use with travel and leisure opportunities.
Which company operates Banco de Occidente?+
Banco de Occidente is operated by Banco de Occidente S.A.. (Source, checked September 26, 2026)
Where is Banco de Occidente based?+
Banco de Occidente is based in Colombia. (Source, checked September 26, 2026)
When was Banco de Occidente founded?+
Banco de Occidente was founded in 1965. (Source, checked September 26, 2026)
How can I contact Banco de Occidente support?+
Banco de Occidente offers support through Chat, Phone, Help-centre. (Source, checked September 26, 2026)
Sources
- en.wikipedia.org/wiki/Banco_de_Occidente_Credencial checked September 26, 2026
Backs: Founded
“Founded | 1965”
- bancodeoccidente.com.co checked September 26, 2026
Backs: Pricing model, Monthly fee
- bancodeoccidente.com.co/banco-de-occidente/documentos/PDF... checked September 26, 2026
Backs: Licences
- bancodeoccidente.com.co/banco-de-occidente/documentos/PDF... checked September 26, 2026
Backs: Card kind, Features
- bancodeoccidente.com.co/banco-de-occidente/documentos/PDF... checked September 26, 2026
Backs: Rewards type
- bancodeoccidente.com.co/creditos/hipotecario checked September 26, 2026
Backs: Maximum loan to value, Purpose
- bancodeoccidente.com.co/creditos/prestamo-personal checked September 26, 2026
Backs: Credit check, Eligibility, Free early repayment, Funding time, Lender type, Loan types, Arrangement fee, Term, Use cases
- bancodeoccidente.com.co/cuentas/cuenta-ahorros checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type, Support channels
- bancodeoccidente.com.co/wps/wcm/connect/banco-de-occident... checked September 26, 2026
Backs: Headquarters, Legal entity
“The Bank's head office is in Santiago de Cali”
Compiled from 9 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Annual fee, APR, Currency conversion fee.