MOVii review

The easy access account carries a monthly fee of COP 0 and runs on a no monthly fee model, so holding it open adds nothing to fixed costs. The card is debit, which means day to day spending is limited to the balance in the account rather than drawing on a credit line.

The listed audience is business, so MOVii is built for companies rather than personal users. The app covers what a small firm does day to day: instant transfers, Bre-B payments and PSE top ups. Help is aimed at the same audience, running through a help centre, so a personal user would find little to use.

It issues a debit card on the mastercard network, so it behaves like an ordinary payment card and can be used wherever that network is accepted. Because it is a debit card, spending cannot exceed the money in the account, which suits firms that pay out from the balance they hold.

Two on demand routes are described: PSE top ups, which move money straight from a Colombian bank account, and cash top ups at correspondent points. The account is easy access (easy access), so money lands ready to spend rather than sitting behind a notice period, and transfers between accounts are instant.

Yes, at ally correspondents such as Servibanca, Grupo Exito, Multipagas and Puntored. That means cash access depends on where those points sit rather than on a branch, so it suits businesses near them. The debit card on mastercard is what you use at the point.

The account is run by MOVii S.A., founded in 2017 and based in Colombia, and the listed regulator is the Superintendencia Financiera de Colombia. Supervision sits with the national regulator, so readers in other markets should weigh how their own deposits are protected before opening one.

Support runs on help centre only, which points to written guidance rather than a phone line or live chat. Questions about the fee, PSE top ups and correspondent points are the kind of thing a help centre answers. Readers who want a person on the phone will not find one listed here.