Failures at Bancolombia: Entity assures customer money is safe and promises compensation if necessary
Portafolio Journalist 02.23.2026 18:15 Updated: 02.23.2026 19:34
TL;DR
- System failures at Bancolombia were caused by a planned technological maintenance and an external provider's technical fault.
- Customer money and information are secure, and the incident is not a cybersecurity issue.
- Services for individuals and businesses were affected, causing "real difficulties" for urgent operations.
- Essential functions like card usage, ATM withdrawals, and internal transfers were prioritized.
- Bancolombia acknowledges a breach in its service promise and will compensate clients if necessary.
- Technical teams are working to restore all services and complete the system update.
- Physical and digital channels were temporarily suspended for adjustments.
- Restoring services is the bank's top priority.