PagBank: a digital bank full of advantages!
Have you heard of PagBank digital bank? Stay with us until the end of this text and find out more!
Announcements
PagBank is a digital bank from PagSeguro, a financial company that has been operating in Brazil since 2006.
With the increase in technology in people's daily lives, going to a physical bank has become less frequent among Brazilian consumers.
This is how the Pagbank digital account came into being. The main purpose of this account is to offer all the services found in physical banks in a fully digital account, thus offering more efficient and practical financial services.
Digital account
PagBank's digital account offers different types of financial services through its digital system, which includes online loans.
By using this digital account, your money can earn up to 10% more than in savings. See below the benefits of opening an account:
| Advantages: | Disadvantages: |
| Without consulting SPC or Serasa; | Daily withdrawal limit of only R$1,040,000; |
| No need to prove income; | Does not allow direct debit; |
| There are no maintenance fees. | The withdrawal amount at Banco24Horas is R$7.50. |
| Reserved money becomes a credit card limit. | Administrative fee of R$25.00 if the customer does not use the account for more than 360 days. |
PagBank Loan
The modality of PagBank loan It is especially intended for people who are business owners and want to invest in a new project.
This line of credit is also only available to those who make sales using PagSeguro and to those who already have the PagBank digital account.
The difference with the loan offered through a digital account is, firstly, the ease of going through the application process.
This is because you don’t need to leave your home to apply and you can do everything from the comfort of your own home.
This way, processes full of unnecessary bureaucracy can be left to traditional banks, as PagBank has a simple and easy-to-access system.
The PagBank digital account customer has access to an application, available for Android and iOS.
There, you can apply for a loan, as well as access all the other functions of your account, such as paying debts, making transfers and much more!
It is worth remembering that all of this is available without having to pay an administration fee or fees on your account.
The loan applicant also has more grace period without interest charges to be able to pay off the installment for that month.
Furthermore, the loan repayment term is quite flexible and you can choose the number of installments that best fits your budget at that time.
Payments can also be made through sales you closed using PagSeguro, making the entire process even more practical and easy.
After the request, the money is released quickly into the digital account, so you don't have to wait more than a day to start getting your project off the ground.
credit card
O PagBank credit card It has no annual fees and you can use it both in Brazil and abroad. See below all the features the card offers.
- Exclusive promotions in the Vai de Visa program;
- Make withdrawals in Brazil and abroad;
- Contactless payment.
This card is ideal for those looking for a credit card that offers an extra limit and also has the option of paying in installments.
Customers without pre-approved credit can use the CDB limit which works like this:
- The user makes an investment in CDB and converts the amount as a credit limit, while the money is withdrawn daily and a bill is received every month, just like with a conventional credit card.
