Nubank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Nubank suits anyone who wants everyday banking with a monthly fee of BRL 0 and cheap currency conversion, and the account stays simple to run. The trade-off is a digital-only service that holds 2 currencies, so it suits people who keep their money in a small set of currencies.
Key facts
- Best for
- A simple everyday account with no monthly charge and low conversion costs.
- Monthly fee
- R$0↗
- Deposit protection
- FDIC up to USD 250,000↗
- Currency conversion fee
- 0%↗
- Currencies
- 2↗
- Transfer fee
- Free↗
- Legal entity
- Nu Pagamentos S.A - Instituicao de Pagamento↗
- Headquarters
- Brazil↗
- Founded
- 2013↗
- Support channels
- Chat, Phone, Help-centre, Community↗
- Audience
- Expats
- Pricing model
- No monthly fee, Low FX fees
- Features
- Digital-only
- Official website
- nubank.com.br
Pros and cons
Pros
- A monthly fee of BRL 0 and transfers at free to run the account
- Currency conversion of 0%, the lowest of the brands compared on this measure
- Deposits covered by FDIC up to USD 250,000 and help on chat, phone and help centre
- Withdraw whenever you want, with the amount landing in the account instantly
Cons
- A digital only service, so the account is run entirely from the app
- Only 2 currencies held, against a 9 median across everyday accounts here
- An easy access account, so the variable rate is the only savings option listed
Who it suits
- Expats who want a plain everyday account with a monthly fee of BRL 0
- People who convert currency often and want a conversion fee of 0%
- Customers who would rather manage money from the app than visit a branch
Who should look elsewhere
- Skrill, if a wider currency list than the 2 at Nubank matters
- PayPal Colombia, if a payments wallet suits your money better than a full account
- eToro, if you want a savings or investment product instead of a current account
Who runs it
Nubank is run by Nu Pagamentos S.A - Instituicao de Pagamento, which is headquartered in Brazil and was founded in 2013. People reach the company through chat, phone and help centre, so help is available by chat, by phone, in the help centre and in the community forum.
How Nubank compares
9.0 vs 8.7
9.0 vs 8.6
9.0 vs 8.0
9.0 vs 8.9A different kind of provider with a monthly fee of £0, for readers who want options beyond an everyday account.
9.0 vs 9.1
9.0 vs 9.2
9.0 vs 8.7
9.0 vs 8.7
9.0 vs 8.7
9.0 vs 9.0A different provider with a monthly fee of €0, worth weighing against the BRL 0 here.
9.0 vs 8.7
9.0 vs 9.5
9.0 vs 9.4
9.0 vs 9.3
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.2
9.0 vs 9.1
9.0 vs 9.0
9.0 vs 9.0
9.0 vs 8.9
9.0 vs 8.9- 9.0 vs 8.9
9.0 vs 8.7
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.4
9.0 vs 8.3
9.0 vs 8.2
9.0 vs 8.1- 9.0 vs 8.1
9.0 vs 8.0
9.0 vs 8.0
9.0 vs 8.0
9.0 vs 9.1
Where Nubank is available
- Available
- Brazil, Colombia, Mexico, Switzerland, United States
- Licence in Brazil
- Central Bank of Brazil (Banco Central do Brasil), checked September 26, 2026
- Licence in Switzerland
- FINMA (Swiss Federal Financial Market Supervisory Authority), via VQF self-regulatory organisation membership, checked September 26, 2026
- Licence in United States
- Office of the Comptroller of the Currency (OCC), conditional approval for national banking charter, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is there a monthly fee for a Nubank account?+
No monthly charge applies: the account fee is BRL 0 and transfers are free. That puts the running cost at the free end of the accounts in this comparison, so the money you keep there is not eaten by an account charge.
What does it cost to convert currency?+
The currency conversion fee is 0%, the lowest of the brands on that measure. For anyone moving money between currencies as part of everyday life, that is the headline reason to pick this account.
Is my money protected?+
Deposits are covered by FDIC up to USD 250,000. The provider is supervised by the Central Bank of Brazil, so the account sits inside a regulated system, and the interest rate is variable so it can move with the market.
How many currencies can I hold?+
The account holds 2 currencies. That is light for a multi-currency comparison, where the median brand holds 5, so it suits people whose money stays in a small set of currencies rather than a wide range.
How do I get at my money?+
You can withdraw whenever you want, and the amount lands in the account instantly, while funds in the account earn daily after a waiting period. The minimum deposit is BRL 1, so a small balance is enough to start.
Is Nubank a bank account?+
The provider is Nu Pagamentos S.A - Instituicao de Pagamento, a payment institution, and the account itself is easy access rather than a fixed term deposit. The rate is variable, so it can move with the wider market instead of being locked.
Who is the account aimed at?+
The stated audience is expats, which fits anyone settling in a new country who wants everyday banking with a monthly fee of BRL 0. It also suits people who would rather manage money from the app than visit a branch.
How do I get help?+
Support runs on chat, phone and help centre, so you can reach a person by phone or chat, browse the help centre or ask the community forum. Since the service is digital-only, those channels are the way in.
Sources
- blog.nubank.com.br/nu-global checked September 26, 2026
Backs: Audience, Currency conversion fee
- en.wikipedia.org/wiki/Nubank checked September 26, 2026
Backs: Deposit protection, Founded, Headquarters, Licences
“Nubank was founded in 2013 by Colombian David Velez”
- nu.com/global/en checked September 26, 2026
Backs: Currencies, Pricing model
“Keep your money in digital dollars and digital euros”
- nubank.com.br checked September 26, 2026
Backs: Legal entity
- nubank.com.br/nu/caixinhas checked September 26, 2026
Backs: Access terms, Account kind, Minimum deposit
“You can withdraw whenever you want - it lands in your account right away”
- nubank.com.br/nu/conta checked September 26, 2026
Backs: Features, Monthly fee, Rate type, Support channels, Transfer fee
“Money that stays in the account more than 30 days after deposit earns 100% of the CDI every business day”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type.
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Nubank
A simple everyday account with no monthly charge and low conversion costs.