Nequi Deposit Insurance Upd

While Nequi deposit insurance offers significant protection, users should be aware of its limitations:

| Feature | Nequi (Sociedad Financiera) | Traditional Bank (Establecimiento de Crédito) | | :--- | :--- | :--- | | | Superintendencia Financiera | Superintendencia Financiera | | Insurance Entity | FOGADE Seguros | FOGADE Seguros | | Coverage Cap | COP $51,800,000 (21 minimum wages) | COP $51,800,000 (21 minimum wages) | | Coverage Type | Demand Deposits (Savings) | Savings, Checking, CDs (CDT) | | Risk Level | Equivalent to Traditional Bank | Standard | nequi deposit insurance

October 26, 2023 Subject: Analysis of Deposit Protection and Insurance Mechanisms for Nequi Users nequi deposit insurance

: Originally a product of Bancolombia, Nequi continues to operate with the regulatory protections expected of a major financial institution, even as it moves toward operating independently. FAQS | Fogafin - Fogafín nequi deposit insurance