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Accounts

InovaKids

Your child's first account, with financial education and total parental control.

InovaKids
I want it

Want to pick a plan?

The plan grows with your child, tailored by age

Kid Plan

$0 ages 0 to 6
  • Savings account without management fee
  • 6% EAR yield on balance
  • Programmed savings pockets
  • Educational stories and videos
  • Full parental control
Parents fully manage the account and teach basic habits.
I want it

Teen Plan

$0 ages 12 to 15
  • Everything in Junior Plan
  • 8% EAR yield
  • Online purchases with 3D-Secure
  • Up to 5 goal pockets
  • Bonus for each achieved goal
  • Advanced financial education
Teens learning to manage money with more autonomy.
I want it

Young Plan

$0 ages 16 to 17
  • Everything in Teen Plan
  • 9% EAR yield
  • Allowance advance up to 30%
  • Access to mini-investments from $10,000 COP
  • Assisted transition to adult Savings Account at 18
  • Pre-approved loans with co-signer
Prepares for adult financial life with guidance and benefits.
I want it
Benefits

What does it offer?

100% protected account with parental control from your app

Personalizable debit card in the child's name

Alerts and notifications of every transaction for parent and child

Safe withdrawals with parent-configurable daily limit

Savings pockets by goal (trip, toy, college, etc.)

8% EAR yield + bonuses for meeting goals

Discover the benefits

Discover all benefits

Tap the arrows to see everything InovaKids brings for your child.

Early financial education

Bank for kids

An ecosystem designed to teach finance from an early age.

Gamified app

Learn playfully with challenges, levels and rewards for good saving habits.

In-person workshops

Free workshops at branches and schools about saving, spending and investing by age.

Goal rewards

Each achieved goal gives stars redeemable for extra savings bonuses or experiences.

Educational content

Age-based stories, videos and activities designed by financial education experts.

Calculate their savings goals
Calculator

Calculate their savings goals

Find out how much they need to save each month to reach their dreams.

Our simulator helps you set realistic goals with your kids: target amount, time and monthly deposit. Teach the magic of compound interest simply and fun.

Go to the calculator

Ideal for

Parents who want to teach saving and financial responsibility from an early age.

Interested?

Write to us and an advisor will get in touch.

Request more information
Requirements to get it

Requirements to obtain it

To open the InovaKids child savings account under the minor's name.

Minor account holder data

  • Original and copy of the minor's birth certificate.
  • ID card for minors between 7 and 17.
  • Minor aged 0 to 17 residing in Colombia.

Parents or legal guardian

  • Original ID of the parent or legal guardian opening the account.
  • Fill in the guardian's membership form.
  • SARLAFT and FATCA forms in the guardian's name.
  • Notarized authorization if the guardian is not a biological parent.

InovaKids specifics

  • Initial deposit from $20,000 COP.
  • Guardian's proof of address (utility bill).
Documents must be current and original. INOVACOOP may request additional information based on credit or risk analysis for the product.
How to open your account

Open your account step by step

Visit our office and open your account in minutes.

In-office

Personalized service
You get your card on the spot.
  1. 1 Visit your nearest INOVACOOP branch with your original ID and a clear copy.
  2. 2 An advisor validates your identity and helps you fill in the opening form.
  3. 3 Sign the contract and personal data authorization.
  4. 4 Make the initial contribution from $50,000 COP in cash, check or transfer.
  5. 5 Get your activated debit card and provisional PIN on the spot.
Visit a branch
Full transparency

Rates and fees

Know exactly what you pay and what you save as an INOVACOOP member.

Monthly management fee By plan ($0 to $28,000)
EAR yield on balance Up to 10% EAR
Visa Plus / Servibanca withdrawals Free
Withdrawals on other networks $3,500 COP
ACH and PSE transfers Free, unlimited
Mobile app and notifications Free
Digital statements Free
Physical statements $4,500 COP/month
Card duplicate $12,000 COP
Bank certifications Free

Fees valid until December 31. Subject to changes notified 30 days in advance.

No strings attached

Account cancellation

You can cancel your account anytime, at no cost. Choose the channel you prefer.

General requirements

  • No pending obligations with the cooperative (loans, cards, contributions).
  • Zero or positive balance (not in overdraft).
  • Present original identity document.
  • Return the debit card(s) for destruction.

In-office

Immediate service
Same-day effective cancellation.
  1. 1 Visit any INOVACOOP branch with your original ID.
  2. 2 Request the cancellation form from the advisor and fill it out.
  3. 3 Withdraw the available balance in cash, check or transfer.
  4. 4 Hand over the debit card for secure destruction in front of you.
  5. 5 Receive the signed and stamped cancellation certificate.
Visit a branch

Online

Without leaving home
Effective in 24 business hours with email confirmation.
  1. 1 Log in to the INOVACOOP app with your password and biometrics.
  2. 2 Go to Accounts → Cancel account and pick the account to close.
  3. 3 Transfer the available balance to another account from the same screen.
  4. 4 Confirm with OTP sent to your phone and electronic signature.
  5. 5 Download the cancellation certificate in PDF from the app.
Cancel online