From this Monday, October 6, Colombians can send and receive money from their savings or currents accounts through the ‘Bre-B’ or ‘keys’ button in the different apps of their banks, officially starting transfers through BRE-B, the immediate interopened payments system of Colombia of the Bank of the Republic.
And it must be said that people can send transfers at any time of the day, including weekends and holidays. In addition, this action will have no cost.
See more: BRE-B System: What begins to be implemented from already in the country
Bre-B is a national system that allows immediate payments and transfers between electronic accounts or deposits of different financial entities.
With this innovation, Users will no longer have to share the extensive account numbers (In addition to your identity document, specify whether it is savings or current account, what bank it is, among other data), but you can do it through ‘keys’ or ‘tag’, which They can be their identification number, cellular, email or a unique alphanumeric identifier of the digital bank or wallet @bac123, @dl123, @Nequi321 (for example), among others.
In this regard, Luis Miguel Zapata, vice president of Bancolombia ecosystems, said that “In Bancolombia we seek to transfer silver through BRE-B be an easy and, above all, close to the daily life of people, and that is why We complement this functionality with other options that allow them to handle their keys as they want. The power in bre-b will always have people”
See more: ‘Bre-B system will reduce the use of debit and credit cards’
Give it! It has immediate digital payments – Bre -B
Give it!
It is worth mentioning that, among the main benefits that BRE-B brings to the clients of the different banks in the country, there is speed and safety in transactions, since money is received in seconds without the need for manual acceptance, as well as the Immediate availability that will allow operations 24 hours a day, seven days a week.
From now on, the transfer option will stop appearing in the applications in order to continue providing immediate transaction services per cost without costs. Bre-B will allow transfers between different financial entities in maximum 20 seconds, according to Banco de Bogotá. In addition, Operations can be carried out for amounts from $ 1 to $ 11.5 millionwhich will facilitate users to manage their money with greater agility.
“With the arrival of BRE-B we take another step towards the interoperability of the financial system in Colombia. This advance allows us to continue offering our clients a more agile and efficient experience in paying management, in line with our digital innovation strategy and our commitment to evolving the payments system in the country“He said César Prado, president of the bank of Bogotá.
For its part, the Agrarian Bank announced that its clients – initially – will be able to Perform individual operations for up to $ 8 million or 15 daily transactions that added do not exceed $ 50 million.
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Hernando Chica Zuccardi, president of that entity, said: “In the Agrarian Bank we have worked to ensure that our clients access the most modern payment solutions in the country. Bre-B is a definitive step towards interoperability and financial inclusion, which will benefit both people and businesses throughout the national territory”
How does it work?
To receive
1. See your key: Between your bank’s app and look for the ‘bre-b’ or ‘your keys/key’ button. There you will find the ‘Your Keychain’ section to remember the keys you have registered. Businesses will find the ‘Your Points of Sale’ (in the Bancolombia app), where the keys associated with their commercial premises or points of sale are located.
2. Share your key: if you are going to send money, all you have to do is share your key with the person who is going to transfer and remind you that you send the money through Bre-B. For businesses, it is also enough to share your Banco Business key or the QR code of the point of sale to receive money from your customers. And if you have an account in another entity you must enter your respective application.
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To send
1. Ask for the key: If you are the one who will send money, ask the person or business to receive the key.
2. Enter your app and fill some simple fields: enters the app respectively, enter the ‘bre-b’ button your keys/key ‘and go to the transfers option. Then put the key and the amount you will send and Verify the name of who receives before continuing, accepting or transferring.
If you decide to transfer through QR code you can also do it by scanning it directly from the app and confirming the data.
Avoid fraud
1. No entity will ask you to confirm or cancel the keys through emails, links or messages. If you want to cancel any of your keys, do it directly from the Mi Bancolombia or Bancolombia Business app.
See more: Immediate Payment System Bre-B would reduce the use of debit and credit cards
2. Be careful! Do not fall into fraud with false keys. Criminals use different means to impersonate Bancolombia and other banks, and send incorrect keys, making him believe they are his. If you use it, your money could end in the hands of the fraudsters. To confirm whether a key was really assigned and it is yours, enter the appolombia or Bancolombia business app directly, for example, or the respective application of its banking entity and see it there. If you notice something suspicious, reprost it immediately writing to [email protected] and official attention channels of the other banks.
3. Are they calling it to record it in the keys service? Piles! Do not fall. You will never ask your user, ATM key, dynamic key, expiration date of your cards or security codes by any means.
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4. Only through the official apps of the banking entities can transfers. You will never be asked to download files or enter links through calls, video calls, text messages, emails or whatsapp to chooseconsult or transfer with your keys.
5. Did a message arrive to approve or reject transfers with keys? Eye. No entity or bank will send messages to approve or reject transfers with keys.
