Discover the best fee-free digital banking options to simplify and optimise your financial life.
The Brazilian financial sector has undergone a revolution in recent years, with digital banks gaining prominence for offering practicality, savings and innovation.
By eliminating bureaucracy, queues and especially abusive fees, such as credit card annual fees and maintenance fees, these fintechs have won over millions of customers.
As well as being affordable, digital banks have stood out for offering complete services, such as accounts that earn more than savings, cashback on purchases, points programmes and even robust investment platforms.
This makes them an increasingly attractive option for those who want to take control of their finances without giving up benefits.
Whether you're looking to save money, invest or enjoy exclusive benefits, digital banks without annual fees are modern and intelligent solutions.
This article details the main digital banks of 2024, with a complete analysis of their characteristics and differentials. Check it out!
Quick Index:
Why choose a digital bank with no annual fee?
Digital banks offer a number of advantages that make them superior to traditional options. Here are the main benefits:
- Zero hidden fees: The exemption from annual and monthly fees drastically reduces costs.
- 100% digital managementAll operations are carried out via the app, with no need to travel.
- Higher yield than savingsMany accounts offer up to 130% of the CDI, providing superior profitability.
- Extra financial benefitsCashback, discounts and points programmes that add up to even more advantages.
- Practicality and inclusion: Simple account opening, no bureaucracy and fast processes.
With so many advantages, digital banks are redefining what it means to be a customer of a financial institution.
Best digital banks with no annual fee 2024
Nubank: The Digital Banking Pioneer
Nubank was one of the first digital banks to challenge the traditional market in Brazil.
- Digital account with automatic yield of 100% of CDI.
- Credit card with no annual fee, with the option of a "Rewards" programme (membership optional).
- Intuitive and agile application, ideal for financial management.
- Affordable investment platform with CDB and fund options.
Read more: How to apply for a Nubank Credit Card?
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Banco Inter: Complete and Free
One of the most robust and economical options on the market.
- Free unlimited withdrawals and transfers.
- Complete investment platform, including fixed income, equities and property funds.
- Cashback on purchases made via the app or credit card.
- Additional services such as insurance, consortia and currency exchange.
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C6 Bank: Personalisation and Exclusive Benefits
C6 Bank offers a personalised experience full of advantages.
- Átomos programme to accumulate points and exchange them for benefits.
- Global account with support for transactions in foreign currencies.
- Credit card with no annual fee and customisable.
- A wide range of investment options, from CDBs to variable income.
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Banco Next: Practical and Exclusive Benefits
Perfect for those looking for everyday convenience.
- Free withdrawals from the Bradesco network.
- Exclusive benefits ("treats"), such as discounts on services and streaming.
- Functional app, well integrated with the client's needs.
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PagBank: High Yield and Cashback
It stands out for those who want more financial return.
- Automatic yield of up to 130% of CDI.
- Cashback on credit card purchases.
- A wide range of services via the app, such as payment slips and top-ups.
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Neon: Simplicity and Profitability
Focussed on practicality, Neon caters for those who want simplicity without sacrificing benefits.
- Free digital account with a yield of up to 120% of the CDI.
- Credit card with no annual fee.
- Possibility of direct investment via app.
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Banco Sofisa Direto: The Investors' Favourite
Ideal for those who prioritise financial investments.
- Investments with daily liquidity and yields higher than the CDI.
- CDBs that don't require minimum amounts.
- Free digital account and annual fee-free credit card.
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Banco PAN: Cashback and Flexibility
With a focus on benefits programmes, Banco PAN stands out.
- No annual fee credit card with cashback.
- Exclusive benefits at shopping partners.
- Free transfers and generous withdrawal limits.
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PicPay: Payments and Profitability
Practicality and performance in one place.
- Automatic yield of up to 102% of CDI.
- Pay slips, top-ups and transfers directly through the app.
- Functionalities aimed at day-to-day finance.
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BMG Corinthians: For Passionate Fans
A solution designed especially for Corinthians fans.
- Free account with club-related benefits.
- Credit card with an exclusive design and no annual fee.
- Discounts on official products and unique experiences.
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Iti Itaú: Simplicity and Efficiency
Itaú's proposal for the digital market combines practicality and benefits.
- Digital account with automatic yield of 100% of CDI.
- Credit card with no annual fee and unlimited withdrawals.
- Easy to use and integrated with other Itaú services.
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Banco BV: Income and Cashback
An excellent choice for those looking to save money on everyday use.
- Automatic yield higher than the CDI.
- Cashback programme that returns part of the spending on the card.
- Ideal for those who want to combine profitability with practical benefits.
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BTG Pactual: For Advanced Investors
A complete option for those who want to go further in the world of investments.
- Free digital account with competitive yield.
- Robust investment platform with fixed and variable income options.
- Services aimed at experienced investors.
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Choose the right bank for you
To decide which digital bank best suits your needs:
- Evaluate your financial goals (saving, investing or both).
- Compare benefits such as cashback, income and exemption from fees.
- Check how easy the application is to use.
- Consider factors such as free withdrawals and exclusive partnerships.
General comparison of digital banks in 2024
| Digital Banking | Yield (CDI) | No annual fee card | Free Withdrawals | Differentials |
|---|---|---|---|---|
| Nubank | 100% | Yes | Limited (R$ 6.50) | Investments and efficient service |
| Inter Bank | Up to 100% | Yes | Unlimited | Cashbacks and a diversified platform |
| C6 Bank | Up to 102% | Yes | Unlimited | Atoms programme and global account |
| Next Bank | Not specified | Yes | Yes (Bradesco) | Exclusive discounts and benefits |
| PagBank | Up to 130% | Yes | Limited | Account with cashback and high yield |
| Neon | Up to 120% | Yes | R$ rate 7.90 | Simplicity and competitive investments |
| PicPay | Up to 102% | Yes | Not specified | Practical payments and automatic income |
| Sofisa Direct Bank | Up to 110% | Yes | Limited | Ideal for investors |
| PAN Bank | Not specified | Yes | 30 free/month | Cashback and discounts |
| BMG Corinthians | Not specified | Yes | Not specified | Exclusive benefits for fans |
| BV Bank | Higher than the CDI | Yes | Limited | Cash back on purchases |
| Iti Itaú | 100% | Yes | Yes | Practical app and unlimited withdrawals |
| BTG Pactual | Up to 102% | Yes | Not specified | Focus on robust investments |
Final considerations
Digital banks without annual fees have revolutionised the banking experience by offering practicality and savings without sacrificing benefits. With options that cater for everyone from basic users to experienced investors, there's a bank for every profile.
Make your choice and discover how these banks can transform your financial life.
Start now and enjoy all the advantages of a digital bank!
Frequently asked questions
What is a digital bank with no annual fee?
A digital bank with no annuity is a financial institution that operates exclusively online, offering accounts and cards with no fees, such as maintenance or annuity, and 100% management via apps.
Is it safe to use a digital bank?
Yes, digital banks adopt advanced technologies such as encryption, two-factor authentication and constant monitoring, guaranteeing secure transactions and the protection of personal data.
Do digital banks offer automatic income?
Yes, many digital banks offer accounts with a yield higher than the CDI, making them a more profitable alternative to traditional savings.
Can I withdraw money from digital banks?
Yes, most digital banks allow withdrawals from ATMs in the Banco24Horas network. Some banks offer free withdrawals, while others charge a fee per transaction.
How to choose the best digital bank?
Consider factors such as fee waivers, account yield, ease of use of the app, extra benefits (such as cashback) and the cost of additional services such as withdrawals or transfers.
Are digital banks regulated?
Yes, all digital banks in Brazil are regulated by the Central Bank, guaranteeing transparency, security and reliability in the services provided.
