Updated September 29, 2026 · VaultCue Editorial Team
Mercado Pago vs Mox Bank
Mercado Pago
Higher score in this comparison
Mox Bank
Where Mercado Pago and Mox Bank differ
| Compare | Mercado PagoReviewSee alternativesSee alternatives | Mox BankReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 105%Higher | 0.001% |
| Access terms | Money usable at any time, no IOF, accrues daily on business days, no minimum balance | Interest credited daily to the Mox Account; savings balance usable for daily purchases |
| Monthly fee | R$0 | HK$0 |
| Minimum deposit | R$0 | Not confirmed |
Same on both: Rate type (Variable), Account kind (Easy access).
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Key differences
- Mercado Pago scores higher overall: 9.3 vs 8.6.
- Mercado Pago is available in 2 more countries.
- Headline rate is higher at Mercado Pago: 105% vs 0.001%.
- Support channels: only Mox Bank offers Email, Community.
- Pricing model: only Mox Bank offers Low FX.
Our verdict on each
Mercado Pago
Mercado Pago pays a headline rate of 105% on money that stays usable at any time, with a monthly fee of BRL 0 and a minimum deposit of BRL 0, which suits businesses and teens who want a balance that earns while it sits. The rate is variable, so the return can move.
Mox Bank
Mox Bank suits readers who want a digital-only account that credits interest daily and moves money across several currencies, not the highest savings rate. The monthly fee on the easy access account is HKD 0, transfers carry fees of HKD 0, and the savings rate is 0.001%.
Score breakdown
| Area | Mercado Pago | Mox Bank |
|---|---|---|
| Cost | 9.3HigherA monthly fee of BRL 0 and a minimum deposit of BRL 0 on an easy access account. | 9.1 |
| Offer | 9.2HigherA headline rate of 105% on money that stays available, credited on business days with no minimum balance. | 8.9A variable savings rate of 0.001% and delivery in 20 seconds to 1 week keep the offer modest. |
| Trust | Not confirmed | 8.1 |
How they place
| Ranking | Mercado Pago | Mox Bank |
|---|---|---|
| Savings accounts | 150 of 1420 | 559 of 1420 |
| Money transfer services | 114 of 1564 | 425 of 1564 |
| Online banks | 35 of 402 | 190 of 402 |
Every fact side by side
| Fact | Mercado Pago | Mox Bank |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Legal entity | Mercado Pago Instituicao de Pagamento Ltda. | Mox Bank Limited |
| Headquarters | Brazil | Hong Kong |
| Founded | Not confirmed | 2020 |
| Support channels | Help centre, Phone | Email, Phone, Help centre, CommunityCovers more |
Everyday accounts
| Fact | Mercado Pago | Mox Bank |
|---|---|---|
| Currencies | 2 | 17Higher |
| Audience | Business, Teen | Not confirmed |
| Features | Digital only | Digital only |
| Transfer fee | Free | 0 remit fees on all global money transfers (Express Remit) from 2 July 2024 |
Money transfer
| Fact | Mercado Pago | Mox Bank |
|---|---|---|
| Delivery time | Instant | 20 seconds to 1 week |
| Payout methods | Not confirmed | Bank, Wallet |
| Fee to send 1,000 | ARS 0 | HK$0 |
Where each stands against the rest
| Fact | Mercado Pago | Mox Bank | Median |
|---|---|---|---|
| Headline rate | 105%highest quarter | 0.001%lowest quarter | 3.25% |
| Minimum deposit | R$0lowest quarter | Not confirmed | R$1 |
Median across 658 listed accounts.
Pros and cons
Mercado Pago
Pros
- A headline rate of 105%, placed 1 of 473 on headline rate here.
- A monthly fee of BRL 0 and a minimum deposit of BRL 0, so nothing is listed to pay for holding the balance.
- Money stays usable at any time, accrues daily on business days, with no IOF charged on the balance.
Cons
- The rate is variable, so the return can move rather than being set in advance.
- Support runs on help centre and phone only, a narrower set of routes than a branch counter.
- The account is digital only, so there is nothing to visit in person.
Mox Bank
Pros
- A monthly fee of HKD 0 on the account, with a no monthly fee and low fx pricing model.
- Transfer fees of HKD 0 on Express Remit transfers, paying out to bank and wallet.
- Interest is credited daily and the savings balance is usable for daily purchases.
Cons
- The savings rate of 0.001% sits far under the 3% common across the accounts compared here.
- The service is digital only, so everything runs through the app rather than a branch.
- Transfers can take 20 seconds to 1 week to arrive.
Who each suits
Mercado Pago
Who it suits
- Businesses that park sales money in the account and want it to earn between payments.
- Teen users opening a first account: the audience is listed as business and teen and the minimum deposit is BRL 0.
- Anyone who needs a balance that can be spent on the same day it accrues interest.
Who should look elsewhere
- PayPal Colombia, listed at 3.3% on headline rate, for anyone who wants a far lower advertised figure.
- Readers who want a rate fixed in advance, since the rate here is variable. Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59% for a side-by-side check.
Mox Bank
Who it suits
- People who want the same balance to cover daily spending and savings, with interest credited daily.
- Readers who send money abroad regularly and value transfer fees of HKD 0.
- Anyone banking entirely in an app across 17 currencies.
Who should look elsewhere
- Anyone chasing a high savings rate, since AXI Card Tarjeta y Credito shows 21.59%.
- Readers who want more from a savings product: PayPal Colombia lists 3.3%.
- Plazo ES suits people who prefer a headline rate of 24.19% over daily crediting.
Current offers
Mercado Pago
Current offer
Bonus
Cofrinhos yield 120% of CDI with Meli+: 120% of CDI on Cofrinhos
Active Meli+ subscription; Cofrinhos are part of the Mercado Pago account
Source, checked September 26, 2026
Mox Bank
Current offer
Bonus
Mission Bonus Rate: Up to 3.5% p.a. on deposit
Stacking missions; see Mission Bonus Rate Promotion (2026) Terms and Conditions
Source, checked September 26, 2026
Bonus
Mox Payroll: 1.5% p.a. savings top up
Set payroll with Mox; see Payroll Transfer Promotion Terms and Conditions
Source, checked September 26, 2026
Country by country
| Country | Mercado Pago | Mox Bank |
|---|---|---|
| Argentina | Yes | No |
| Brazil | Yes | No |
| Hong Kong | No | Yes |
| Mexico | Yes | No |
Questions about each
Mercado Pago
What rate does Mercado Pago pay on the balance?+
The account pays a headline rate of 105%. The rate type is variable, so the figure can move rather than staying set for a term. Interest accrues daily on business days and the money remains usable at any time.
Is there a monthly fee to pay?+
The monthly fee is BRL 0 and the pricing model is no monthly fee, so there is no recurring charge to keep an eye on. Money also leaves without a listed charge, at ARS 0 per transfer.
Mox Bank
What does Mox Bank charge to keep an account open?+
The account carries a monthly fee of HKD 0, and the pricing model is no monthly fee and low fx. That matches the €0 median monthly fee across the accounts compared here, which leaves the account among the cheapest digital banks to hold.
How much interest do I earn on Mox savings?+
The headline rate is 0.001% and the rate type is variable, so the return can move rather than staying fixed for a term. Interest is credited daily to the Mox Account, and the savings balance can be spent on everyday purchases. Readers shopping for yield should compare the 3% median here.
Other options to compare
Other matchups
Related by the facts
Mercado Pago
Mox Bank