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PagBank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

PagBank suits Brazilian businesses and freelancers who want a free everyday account with instant Pix payouts and a savings option on the side.

Key facts

Best for
A Brazilian business or freelancer that lives on Pix and rarely needs cards abroad.
Monthly fee
R$0 to R$75↗
Currency conversion fee
5%↗
Free ATM withdrawals
R$0↗
Transfer fee
Free (unlimited TED and Pix to any bank)↗
Legal entity
PAGSEGURO INTERNET INSTITUIÇÃO DE PAGAMENTO S/A↗
Headquarters
Brazil↗
Founded
2006↗
Support channels
Email, Phone, Help-centre, Chat↗
Audience
Business, Freelancers
Pricing model
No monthly fee
Features
Free ATM withdrawals, Digital-only, No credit check
Official website
pagbank.com.br

Savings

Rate type
Variable↗
Minimum deposit
R$1↗
Access terms
Daily liquidity, redeem whenever you want↗
Account kind
Easy access↗

Money transfer

Delivery time
Within minutes: cross-border payouts cleared in minutes to Pix or a PagBank account; Pix transfers instant 24/7↗
Payout methods
Bank, Wallet↗
Fee to send 1,000
R$0↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Elsewhere
LinkedIninstagram.com

Pros and cons

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.
  • Savings sit alongside the account: Daily liquidity, redeem whenever you want with a minimum of BRL 1.

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.
PagBank

Ready to try PagBank?

Scored 8.9 / 10 by VaultCue.

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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

Fees and FX

The monthly fee runs BRL 0 to BRL 75 for the account, and transfers are Free (unlimited TED and Pix to any bank) for Pix and TED to any bank, so day to day banking and sending money cost nothing extra. Currency conversion on the card costs 5%, which is the charge to watch if you pay suppliers or shop outside Brazil.

How PagBank compares

Where PagBank is available

Available
Brazil

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

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.

What does it cost to take out cash?+

The ATM allowance is BRL 0, and free ATM withdrawals sit among the features listed on free atm, digital only and no credit check. Cash access is included in the account rather than sold as a separate add on, so taking money out does not raise the monthly bill.

How do I get help if something goes wrong?+

Support runs on email, phone and help centre, covering phone, chat, email and a help centre. The account is digital-only, one of the features listed on free atm, digital only and no credit check, so most questions are handled in the app rather than in person.

Can I hold savings on the same account?+

Yes. The savings side is a CDB on the same account, with Daily liquidity, redeem whenever you want. The minimum deposit is BRL 1 and the rate type is variable. The account itself is easy access, easy access, so money is not tied up for a fixed term.

What does currency conversion cost?+

Conversion on the card costs 5%. On this site that ranks 304 of 312, above the 0.5% median, and the business ranking median is 1%. Conversion is the cost to watch for spending outside Brazil.

Who runs the account and where is it based?+

The account is operated by PAGSEGURO INTERNET INSTITUIÇÃO DE PAGAMENTO S/A, based in Brazil and founded in 2006. Its stated audience is business owners and freelancers, and the account carries the free ATM, digital only and no credit check features listed on free atm, digital only and no credit check.

How do payouts reach me and how fast?+

Payouts go to bank and wallet, covering bank accounts and wallets. Cross-border money clears in minutes to Pix or a PagBank account, and Pix transfers are instant at any hour. The transfer charge for Pix is BRL 0.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currencies.

PagBank

PagBank

A Brazilian business or freelancer that lives on Pix and rarely needs cards abroad.

8.9/10Visit