TED or DOC? Do you know the difference? Is it still worth it?

TED or DOC? Which alternative is still the best option? Read the text and find out. 

With the advancement of technology and changes in consumer purchasing behavior, new tools and new means of electronic payments have also emerged. 

So, some more traditional payment and transfer methods ended up taking a back seat, especially if they are not among the most economical. 

Despite this, they can still meet demands, especially from people who are not fans of new technologies, or in situations where they are more advantageous.

In today's text we will talk more about TED and DOC, two traditional transfer methods in Brazil, but which ended up losing space to new tools, such as, for example, Pix and ticket.

Is it still worth using? What are the main differences between them? Keep reading to find out! 

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What is TED?

A Electronic Transfer Available is an electronic means of transferring money. Before Pix, it was one of the main means of bank transfers between accounts in a digital environment. 

Among the reasons he was overtaken by Pix This is because there is a fee charged for each transaction, and there may be an exemption when it occurs between accounts at the same institution.

The fee amount usually varies according to each financial institution, it normally costs on average R$10.00, but can exceed R$15.00 in some banks.

One advantage that makes it stand out from Pix is that with TED there is no maximum transfer limit, Customers can transfer even amounts above R$1,04,500. 

What happens is that some banks establish a maximum daily limit in order to bring more security to their customers' operations.

Therefore, for larger transactions, it is worth making a TED. However, transfers via TED are not instantaneous, but happen within one business day.

In other words, they fall on the same day, as long as it is carried out no later than 5 pm.

Another feature of this transfer method is that when transferring it is necessary to provide several details about the recipient, such as:

• Full name;
• CPF or CNPJ;
• Account type;
• Account number, branch and bank.

It is very important to check each piece of information to make sure it is all correct, or your money may be returned. 

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What is DOC?

Doc is another way to transfer money and its acronym means Credit Order Document. 

It works as a permission for transferring money between checking accounts. It also has a fee, just like TED, but the amounts are usually the same. 

The main differences between them is that DOC takes longer for the money to reach the account, up to 1 business day.

Furthermore, the maximum transfer amount cannot exceed R$1,999.99. Another important difference is that with TED the customer can make transfers to current and savings accounts.

However, it is not always possible to carry out transactions for savings accounts in the DOC, as some institutions do not allow this.

The fees charged for transfers via TED or DOC may be higher when carried out in a physical environment, for example, at a self-service counter. 

Which checking accounts offer free TED or DOC?

One of the reasons why TED and DOC are losing market share is the fact that fees are charged for these services under certain conditions. 

However, there are currently current accounts that offer these services free of charge, especially TED, one of the most used of the two.

Discover the main ones below!

1. Inter digital account

Inter's digital account is completely free, and your credit card also has no annual fee.  

At Inter, customers can make payments and transfers via Pix or TED free of charge, apart from that, withdrawals are free.

Your application is called a super app because it is complete and offers many services and tools for users.

Among them, we find, for example:

• Kids Account;
• Refer and Earn;
• Investment platforms;
• Digital wallets;
• Credit cards;
• Loans;
• Financing;
• Consortia;
• Insurance;
• Health plan;
• Exchange;
• Global account;
• Personalized advisory programs.

One of the main advantages offered by this bank is cashback. Even non-account holders and people without a credit card can earn cashback. 

This bank also offers accounts and cards for legal entities and MEI professionals. 

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2. Neon Bank

TED or DOC? At Neon, customers can choose the alternative that best meets their needs, as both are free. 

The Neon digital account is free and your credit card has no annual feee. This card offers many benefits to its users.

One of them is cashback: customers receive money back on all their purchases from R$1 made with the Neon credit card.

Customers of this card also have access to a function called Elastic limit, where it is possible to request approval for purchases exceeding the limit. 

Neon also has a new service, it's the Neon Credit Vira, in this alternative, the money invested can become a credit limit on the card.

In addition to these services, the Neon digital account also offers loans, salary portability, investments and much more. 

In fact, investors can start investing from just R$10.00 in CDB Neon.

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3. Original Bank

With Banco Original, you can manage your account via your cell phone, tablet or computer. With it, customers have access to services such as investments, loans, cash back and salary portability. 

To have many unlimited services including TED or DOC free, customers must purchase the Original Unlimited plan.

It costs just R$1,400,000 per month and gives you access to many exclusive services. Among them, we highlight, for example:

• Special check;
• Multiple card;
• Original points program;
• Check deposit by image;
• Investments;
• Online service;
• Original Space;
• Financial Market Specialist;
• Smartbar function.

With the plan, customers can also count on a card with no annual fee and international coverage. 

The Original credit card with no annual fee pays 1.2% cashback on all purchases made on credit. 

Additionally, customers can request up to 5 additional cards with no annual fee, including for children aged 10 and over.  

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4. C6 Bank

In the C6 Bank payment account, customers also have access to Free TEDs. With over 20 million users, the C6 Bank is one of the best digital banks of the present day. 

In your app, customers have access to many services and tools that make their daily lives easier. 

In addition, they can invest, apply for loans, have an international account, an account for minors, a points program, a free tag and much more!

Your credit card has no annual fee and your digital account has no monthly fee. Another saving that the bank offers is that it does not charge brokerage fee or custody for investments in fixed income and variable. 

This bank also stands out for the colors of its cards, customers can choose between beautiful colors which best matches their personality.

It also has the Carbon card in its portfolio, which in addition to being unique, offers many advantages to its customers. 

By the way, your card can also be issued with your nickname or social name, for example. Cool, right?

Personally, I don't like my name, and I love seeing my nickname, as I like to be called, written on my C6 Bank card.

It's the only card that has given me this experience. 

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5. Mercado Pago

Mercado Pago's digital account offers a variety of services. It is a good alternative for Mercado Livre sellers or customers. 

Despite being known for its higher rates, it does not charge fees for TED or DOC. Other than that, it is possible to get more attractive rates as you increase your score on Mercado Pontos.

One advantage for which this digital bank is well known is its ease in obtaining credit, even those with bad credit can obtain a credit limit. Credit Market.

However, you must be a frequent Mercado Livre customer. 

Among the services and features it offers in its digital account, we can highlight, for example:

• Card with no annual fee;
• Yield of the balance in 100% of the CDI;
• Personal loan;
• Refills;
• Investments in CDB;
• Cryptocurrencies;
• Insurance;
• Machine.

Mercado Pago has already released its credit card, however, it is not yet possible to request it directly through the app.

If you are already a customer and are interested in requesting the card, put your name on the waiting list. 

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Is it still worth doing a TED or Doc?

Making a comparison between TED and DOC, TED is certainly the best alternative. 

Firstly, because the money arrives on the same day and there are no limits on the amount. In addition, the customer has the freedom to make transfers to current and savings accounts.

However, if we compare TED with Pix, Pix is more advantageous for transfers below R$$3 thousand (day) or R$$1 thousand (night). Other than that, it is more practical and free. 

If you need to make transfers of larger amounts, use TED. 

As we can see in the previous topics, many banks do not charge fees for this service, which makes it a great option. 

Before choosing the best alternative, it is important to evaluate which one brings more practicality to your life and more savings to your pocket. 

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