Updated September 28, 2026 · VaultCue Editorial Team
monobank vs PagBank
PagBank
Higher score in this comparison
monobank
Where monobank and PagBank differ
| Compare | monobankReviewSee alternativesSee alternatives | PagBankReviewVisitVisit |
|---|---|---|
| Rate type | Fixed | Variable |
| Minimum deposit | UAH 1,000 | R$1 |
| Access terms | Fixed or flexible terms of 3 to 24 months, withdraw or reinvest anytime, auto-renews by default | Daily liquidity, redeem whenever you want |
| Monthly fee | UAH 0 | R$0 to R$75 |
| Account kind | Fixed | Easy access |
| Headline rate | 16% | Not confirmed |
| Term | 12 to 24 months | Not confirmed |
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Key differences
- Pricing model: only monobank offers Fixed rate.
- Pricing model: only PagBank offers No monthly fee.
Our verdict on each
monobank
Monobank offers a headline rate of 16% with a business and freelancer account that costs nothing to run, which suits traders who can leave hryvnia alone for a set term. The trade-off is the minimum you must place and the lock-in, so anyone wanting same-day access should weigh an easy-access account.
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 | monobank | PagBank |
|---|---|---|
| Cost | Not confirmed | 8.6Cost score rests on BRL 0 to BRL 75 monthly charges, BRL 0 for cash withdrawals and 5% for card conversion. |
| Offer | Not confirmed | 9.2Offer score rests on variable savings, Daily liquidity, redeem whenever you want and payouts to bank and wallet. |
| Trust | Not confirmed | 8.8 |
Availability and regulation
| Country | monobank | PagBank |
|---|---|---|
| Ukraine | Not confirmed |
Additional countries for monobank: 1. Additional countries for PagBank: 1.
Positions in our rankings
| Ranking | monobank | PagBank |
|---|---|---|
| Savings accounts | 1185 of 1420 | 28 of 1420 |
| Business bank accounts | 452 of 563 | 16 of 563 |
| Accounts for freelancers | 110 of 130 | 9 of 130 |
| Online banks | 328 of 402 | 11 of 402 |
Sources behind this comparison
monobank
- monobank.ua: 11 facts, checked September 26, 2026
PagBank
- pagbank.com.br: 10 facts, checked September 26, 2026
Every fact side by side
| Fact | monobank | PagBank |
|---|---|---|
| Pricing model | Fixed rate | No monthly fee |
| Legal entity | JOINT STOCK COMPANY "UNIVERSAL BANK" | PAGSEGURO INTERNET INSTITUIÇÃO DE PAGAMENTO S/A |
| Headquarters | Ukraine | Brazil |
| Founded | Not confirmed | 2006 |
| Support channels | Email, Chat, Phone, Help centre | Email, Phone, Help centre, Chat |
Everyday accounts
| Fact | monobank | PagBank |
|---|---|---|
| Currency conversion fee | 0%Lower | 5% |
| Currencies | 3 | Not confirmed |
| Audience | Business, Freelancer | Business, Freelancer |
| Features | Digital only | Free ATM, Digital only, No credit checkCovers more |
| Local account details | IBAN | Not confirmed |
| Free ATM withdrawals | UAH 50,000 | R$0 |
| Transfer fee | 0 UAH for transfers to any IBAN account | Free (unlimited TED and Pix to any bank) |
Money transfer
| Fact | monobank | 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 | monobank | PagBank | Median |
|---|---|---|---|
| Headline rate | 16%highest quarter | Not confirmed | 3.25% |
| Term | 12 to 24 monthsat the median | Not confirmed | 24 |
Median across 658 listed accounts.
Pros and cons
monobank
Pros
- A headline rate of 16% on a fixed deposit sits far above PayPal Colombia at 3.3%.
- The monthly fee is UAH 0, and sending money to another IBAN account costs 0 UAH for transfers to any IBAN account.
- Currency conversion is 0%, so converting between currencies costs nothing.
Cons
- The term runs 12 to 24 and the deposit renews itself by default, so a long commitment keeps rolling.
- A minimum deposit of UAH 1,000 has to sit in the account before the balance starts earning.
- The headline rate of 16% is below Plazo ES at 24.19% and AXI Card Tarjeta y Credito at 21.59%.
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
monobank
Who it suits
- A Ukrainian business that can leave its balance alone for 12 to 24 and wants the return fixed.
- A freelancer paid by Ukrainian clients who wants local account details in the form of iban.
- A saver who reads the rate before anything else: 16% sits well above the 3% median across the site.
Who should look elsewhere
- Rate chasers: Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%, both above monobank's 16%.
- Anyone who needs the money on demand, because the term runs 12 to 24 and the deposit renews itself by default. PayPal Colombia at 3.3% is worth weighing for anyone who accepts a much smaller return.
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 | monobank | PagBank |
|---|---|---|
| Brazil | No | Yes |
| Ukraine | Yes | No |
Questions about each
monobank
What rate does monobank pay on its deposit?+
The deposit advertises a headline rate of 16% and the rate is fixed, so the figure holds for the whole placement rather than drifting with the market. For context, PayPal Colombia lists 3.3% on its savings product. That gap is the main reason a saver would pick this account.
How long do I have to leave the money in the deposit?+
The published term is 12 to 24 and the rate is fixed for that whole period. Terms can be taken as a fixed stretch or as a flexible one, so the length you sign up for is a choice rather than a single window. Readers who want shorter placements should set this against an easy-access account.
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.
Other options to compare
Other matchups
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- monobank vs Cake by VPBank
- monobank vs Salt Bank
- monobank vs Vivid Money
- monobank vs Nequi
- monobank vs Mercado Pago
- monobank vs Imon International
- monobank vs PiggyVest
- monobank vs Satispay
- monobank vs M-Pesa
- PagBank vs Finom
- PagBank vs Qonto
- monobank vs Skrill
- PagBank vs CitiBank AE
- PagBank vs Novo
- monobank vs N26
- PagBank vs Kontist
- monobank vs Revolut UK
Related by the facts
PagBank
monobank