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Fogafín
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Definitions and characteristics

What is Deposit Insurance?

It is a mechanism that protects Colombian savers from the possible liquidation of an institution registered with Fogafín, and guarantees that depositors will recover all or part of the savings, up to COP 50 million.

How much does it cost?

The insurance is free for the individual saver.

How Is Deposit Insurance acquired?

Deposit insurance is automatically acquired when an insured product is contracted. Depositors, whether individuals or corporate entities, are beneficiaries of this insurance by the simple fact of opening or renewing an insured product.


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