Updated October 21, 2026 · VaultCue Editorial Team
Illimity vs PagBank
PagBank
Illimity
Higher score in this comparison
What sets them apart
| Compare | IllimityReviewSee alternativesSee alternatives | PagBankReviewVisitVisit |
|---|---|---|
| Monthly fee | €0 | R$0 to R$75 |
| Deposit protection | EU DGS up to EUR 100,000 | Not confirmed |
| Currency conversion fee | Not confirmed | 5% |
| Free ATM withdrawals | Not confirmed | R$0 |
| Transfer fee | Not confirmed | Free (unlimited TED and Pix to any bank) |
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Key differences
- Illimity scores higher overall: 9.0 vs 8.9.
- Founded is lower at PagBank: 2006 vs 2018.
- Audience: only PagBank offers Freelancer.
- Pricing model: only Illimity offers Fixed rate.
- Features: only PagBank offers Free ATM, No credit check.
Our verdict on each
Illimity
Illimity is an Italian digital bank whose fixed deposit account pays 2% to 3.9% on terms of 6 to 60 and charges a monthly fee of €0. It suits savers happy to lock money away and business customers, and it is a poor fit for anyone who wants branch cash or instant access.
PagBank
PagBank suits Brazilian businesses and freelancers who want a free everyday account with instant Pix payouts and a savings option on the side.
Score breakdown
| Area | Illimity | PagBank |
|---|---|---|
| Cost | 9.3Higher | 8.6Cost score rests on BRL 0 to BRL 75 monthly charges, BRL 0 for cash withdrawals and 5% for card conversion. |
| Offer | 9.8Higher | 9.2Offer score rests on variable savings, Daily liquidity, redeem whenever you want and payouts to bank and wallet. |
| Trust | 8.2 | 8.8Higher |
How they place
| Ranking | Illimity | PagBank |
|---|---|---|
| Savings accounts | 354 of 1420 | 28 of 1420 |
| Business bank accounts | 152 of 563 | 16 of 563 |
| Online banks | 108 of 402 | 11 of 402 |
Every fact side by side
| Fact | Illimity | PagBank |
|---|---|---|
| Audience | Business | Business, FreelancerCovers more |
| Pricing model | No monthly fee, Fixed rateCovers more | No monthly fee |
| Features | Digital only | Free ATM, Digital only, No credit checkCovers more |
| Legal entity | Illimity Bank S.p.A. | PAGSEGURO INTERNET INSTITUIÇÃO DE PAGAMENTO S/A |
| Headquarters | Italy | Brazil |
| Founded | 2018 | 2006Lower |
| Support channels | Help centre, Phone, Chat, Email | Email, Phone, Help centre, Chat |
Savings
| Fact | Illimity | PagBank |
|---|---|---|
| Headline rate | 2% to 3.9% | Not confirmed |
| Rate type | Fixed | Variable |
| Term | 6 to 60 months | Not confirmed |
| Minimum deposit | €1,000 | R$1 |
| Access terms | 100% digital, opened and managed from home banking on PC or smartphone; non-releasable (locked) or releasable lines with free early redemption on releasable lines only | Daily liquidity, redeem whenever you want |
| Account kind | Fixed | Easy access |
Money transfer
| Fact | Illimity | PagBank |
|---|---|---|
| Delivery time | Not confirmed | Within minutes: cross-border payouts cleared in minutes to Pix or a PagBank account; Pix transfers instant 24/7 |
| Payout methods | Not confirmed | Bank, Wallet |
| Fee to send 1,000 | Not confirmed | R$0 |
Where each stands against the rest
| Fact | Illimity | PagBank | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 5%highest quarter | 0.5% |
Median across 377 listed accounts.
Pros and cons
Illimity
Pros
- A monthly fee of €0, and no monthly fee and fixed rate lists Illimity as a no monthly fee provider
- A fixed rate of 2% to 3.9% on terms of 6 to 60
- Deposits sit under the EU guarantee scheme: EU DGS up to EUR 100,000
Cons
- Digital only, per digital only, so there is no branch counter for cash or paperwork
- A minimum deposit of €1,000 rules out small balances
- Locked lines tie the money for the full 6 to 60, and free early redemption applies only to releasable lines
PagBank
Pros
- Transfers to any bank are Free (unlimited TED and Pix to any bank), which covers both Pix and TED.
- Cash access carries an allowance of BRL 0, so withdrawals do not add to the bill.
- Payouts reach bank and wallet, and cross-border money clears in minutes to Pix or a PagBank account.
Cons
- Currency conversion on the card costs 5%, which ranks 304 of 312 and sits above the site median of 0.5%.
- The service is digital-only, as free atm, digital only and no credit check shows, so it suits people comfortable running money from an app.
- Savings pay a variable rate, so returns can move.
Who each suits
Illimity
Who it suits
- Savers who want a fixed rate and can leave the money locked for the term
- Business customers, the audience listed as business
- People already comfortable running a bank from a phone or PC
Who should look elsewhere
- Anyone who needs easy access to the money, since fixed is fixed and locked lines run to the end of the term
- Customers who want to handle cash in person, given the digital only setup listed under digital only
- Balances that sit below the €1,000 minimum
PagBank
Who it suits
- Brazilian sole traders and small companies that bill and pay in Pix
- Freelancers who want an everyday account with an easy access CDB alongside
- Anyone happy to manage the account from a phone
Who should look elsewhere
- Skrill, if a wallet outside Brazil fits better: its monthly fee is €0
- Plazo ES, if a Spanish product suits you instead: its monthly fee is €0
- PayPal Colombia, if a wallet for cross-border online payments is the job: its monthly fee is $0
Current offers
PagBank
Current offer
Discount code
Taxa 0% para novos clientes (0% merchant rate on card readers): 0%
New customers of the Conta PJ PagBank; card reader without rental fee
Source, checked September 26, 2026
Discount code
Moderninha ProFit com 90% off (Super Max): R$ 83,88 à vista (12x de R$ 6,99)
Super Max plan; promotional price valid under campaign terms
Source, checked September 26, 2026
Country by country
| Country | Illimity | PagBank |
|---|---|---|
| Brazil | No | Yes |
| Italy | Yes | No |
Questions about each
Illimity
Is there a monthly fee?+
The account carries a monthly fee of €0, and no monthly fee and fixed rate lists Illimity as a no monthly fee provider. That puts it among the cheaper places to park savings, which means the rate and the term are the things worth weighing rather than the cost of keeping the account open.
What rate do I get on the money?+
The headline rate runs 2% to 3.9% and the rate type is fixed, so the return is set for the whole term instead of moving with the market. Where you land inside that range depends on the line you open and how much you keep in it.
PagBank
What does PagBank charge to hold an account?+
The monthly fee runs BRL 0 to BRL 75, and the account is built around no monthly charge. PagBank ranks 1 of 500 on monthly fee across the site, the site median is €0, and the top of the site range reaches €449.
Are Pix and TED transfers really free?+
Transfers to any bank are Free (unlimited TED and Pix to any bank), and the Pix transfer charge is BRL 0. Pix is instant around the clock, and cross-border payouts clear in minutes to Pix or a PagBank account, with payouts landing on bank and wallet.
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PagBank
Illimity