MOVii review

The monthly fee is COP 0 on the account, so there is no recurring charge for keeping it open. The account is a debit account rather than a credit product, which means there is no interest rate to weigh and no annual fee attached to the balance.

The monthly fee is COP 0, the same figure as the €0 median across the accounts listed here. A charge at that level is common on this site, so the monthly fee is not what separates MOVii from the rest. What does stand out is a debit card on mastercard aimed at a business audience.

MOVii is operated by MOVii S.A. and is listed under the Superintendencia Financiera de Colombia in Colombia, so the account sits inside a supervised system. The licence listing records the regulator and the country only, so check the scheme terms for yourself to see what is covered.

The account is aimed at a business audience, so it is shaped around people and companies handling money in Colombia. It suits you if your spending happens in local currency and you want a mastercard card without a monthly charge.

The card is a debit card on mastercard, so spending comes straight from the balance you hold. No credit line is attached, which keeps spending tied to the money in the account rather than to a borrowing limit.

Support runs on help centre, so questions are answered through written guidance rather than a phone line or live chat. That works if you are comfortable reading answers at your own pace, and works less well if you need to speak to someone during a problem.

The account is run by MOVii S.A., which is based in Colombia, and the business was founded in 2017. Regulation comes from the Superintendencia Financiera de Colombia, the country's financial regulator.