Updated October 17, 2026 · VaultCue Editorial Team
Novo vs PagBank
Novo
Higher score in this comparison
PagBank
Where Novo and PagBank differ
| Compare | NovoReviewVisitVisit | PagBankReviewVisitVisit |
|---|---|---|
| Minimum deposit | $0 | R$1 |
| Access terms | On-demand access, no minimum balance requirement | Daily liquidity, redeem whenever you want |
| Monthly fee | $0 | R$0 to R$75 |
| Account kind | Cash management | Easy access |
| Rate type | Not confirmed | Variable |
| Deposit protection | FDIC up to USD 250,000 | Not confirmed |
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Key differences
- Novo scores higher overall: 9.2 vs 8.9.
- Support channels: only PagBank offers Phone.
Our verdict on each
Novo
Novo is a US business-banking fintech. It sends a physical debit card to the primary owner when the account is opened, and a virtual card can be activated after approval.
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 | Novo | PagBank |
|---|---|---|
| Cost | 9.3HigherMonthly fee $0, minimum deposit $0 and transfer fee $0 on the business checking account. | 8.6Cost score rests on BRL 0 to BRL 75 monthly charges, BRL 0 for cash withdrawals and 5% for card conversion. |
| Offer | 9.1 | 9.2HigherOffer score rests on variable savings, Daily liquidity, redeem whenever you want and payouts to bank and wallet. |
| Trust | Not confirmed | 8.8 |
Licences and countries
| Country | Novo | PagBank |
|---|---|---|
| United States | Not confirmed |
Additional countries for Novo: 1. Additional countries for PagBank: 1.
How they place
| Ranking | Novo | PagBank |
|---|---|---|
| Savings accounts | 20 of 1420 | 28 of 1420 |
| Business bank accounts | 10 of 563 | 16 of 563 |
| Accounts for freelancers | 4 of 130 | 9 of 130 |
| Money transfer services | 10 of 1564 | 14 of 1564 |
Every fact side by side
| Fact | Novo | PagBank |
|---|---|---|
| Pricing model | No monthly fee | No monthly fee |
| Legal entity | Novo Platform Inc. | PAGSEGURO INTERNET INSTITUIÇÃO DE PAGAMENTO S/A |
| Headquarters | United States | Brazil |
| Founded | Not confirmed | 2006 |
| Support channels | Chat, Email, Help centre | Email, Phone, Help centre, ChatCovers more |
Everyday accounts
| Fact | Novo | PagBank |
|---|---|---|
| Currency conversion fee | Not confirmed | 5% |
| Audience | Business, Freelancer | Business, Freelancer |
| Features | Free ATM | Free ATM, Digital only, No credit checkCovers more |
| Local account details | Us ACH | Not confirmed |
| Free ATM withdrawals | $7 | R$0 |
| Transfer fee | Standard ACH $0; Express ACH and outgoing wire provider fees shown before sending | Free (unlimited TED and Pix to any bank) |
Money transfer
| Fact | Novo | PagBank |
|---|---|---|
| Delivery time | Same-day with Express ACH; FedNow transfers in seconds | Within minutes: cross-border payouts cleared in minutes to Pix or a PagBank account; Pix transfers instant 24/7 |
| Payout methods | Bank | Bank, WalletCovers more |
| Fee to send 1,000 | $0 | R$0 |
Pros and cons
Novo
Pros
- Both physical and virtual card access are described.
Cons
- Virtual-card activation follows account approval.
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
Novo
Who it suits
- US business owners who want physical and virtual debit-card access through Novo.
Who should look elsewhere
- Applicants expecting virtual-card activation before account approval.
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
Novo
Current offer
Bonus
Novo cashback on eligible purchases: 1% cashback with a Novo checking account balance under $5,000; 2% with a balance of $5,000 or more
Requires a Novo checking account; rate depends on account balance; eligibility subject to final Novo determination
Source, checked September 26, 2026
PagBank
Current offer
Discount code
Taxa 0% para novos clientes (0% merchant rate on card readers): 0%
New customers of the Conta PJ PagBank; card reader without rental fee
Source, checked September 26, 2026
Discount code
Moderninha ProFit com 90% off (Super Max): R$ 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 | Novo | PagBank |
|---|---|---|
| Brazil | No | Yes |
| United States | Yes | No |
Questions about each
Novo
Which tools can connect with the banking setup?+
Accounting, payments and payroll tools can be connected so that information stays in step across the business. A change made in one place carries through to the others without retyping. Owners who already use established bookkeeping routines can keep those habits in place while adding more reach.
Can a business grow without changing banks?+
The platform is designed to handle more volume as a company grows, so owners can plan ahead without adding extra busywork. Its features are meant to scale with the operation rather than forcing a move to a larger bank. Keeping the same banking setup while the business expands can make transitions smoother for owners and the people they work with.
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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