Updated September 28, 2026 · VaultCue Editorial Team
PagBank vs SoFi
PagBank
Higher score in this comparison
SoFi
PagBank vs SoFi: the differences
| Compare | PagBankReviewVisitVisit | SoFiReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | R$0 to R$75 | $0 |
| Currency conversion fee | 5% | 0%Lower |
| Free ATM withdrawals | R$0 | $0 |
| Transfer fee | Free (unlimited TED and Pix to any bank) | Outgoing domestic wire $30 per transfer; incoming wire $0 |
| Licence type | Not confirmed | Bank |
| Deposit protection | Not confirmed | FDIC up to USD 250,000 |
| Local account details | Not confirmed | Us ACH |
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.
Key differences
- PagBank scores higher overall: 8.9 vs 8.7.
- Founded is lower at PagBank: 2006 vs 2011.
- Currency conversion fee is lower at SoFi: 0% vs 5%.
- Support channels: only PagBank offers Email, Phone, Chat.
- Features: only PagBank offers Digital only, No credit check.
Our verdict on each
PagBank
PagBank suits Brazilian businesses and freelancers who want a free everyday account with instant Pix payouts and a savings option on the side.
SoFi
SoFi suits US savers who want an online savings balance held beside their checking account, with deposits covered by FDIC up to USD 250,000 and a variable interest rate. Because it is an online-only direct bank, the savings balance is managed from your own screen rather than a branch counter.
Score breakdown
| Area | PagBank | SoFi |
|---|---|---|
| Cost | 8.6Cost score rests on BRL 0 to BRL 75 monthly charges, BRL 0 for cash withdrawals and 5% for card conversion. | 9.1HigherMonthly fee $0 and currency conversion fee 0%, against site medians of €0 and 0.5%. |
| Offer | 9.2HigherOffer score rests on variable savings, Daily liquidity, redeem whenever you want and payouts to bank and wallet. | 8.1 |
| Trust | 8.8 | 8.8 |
Where each is licensed and available
| Country | PagBank | SoFi |
|---|---|---|
| United States | Not confirmed | FDIC FDIC cert 26881 |
Additional countries for PagBank: 1. Additional countries for SoFi: 1.
Spending 1,000 abroad
PagBank
50
5% of 1,000
SoFi
0
0% of 1,000
SoFi comes out 50 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Positions in our rankings
| Ranking | PagBank | SoFi |
|---|---|---|
| Savings accounts | 28 of 1420 | 537 of 1420 |
Sources behind this comparison
PagBank
- pagbank.com.br: 10 facts, checked September 26, 2026
- faq.pagbank.com.br: 1 fact, checked September 26, 2026
SoFi
- en.wikipedia.org: 5 facts, checked September 26, 2026
- wealthvieu.com: 5 facts, checked September 26, 2026
- banks.data.fdic.gov: 3 facts, checked September 26, 2026
Every fact side by side
| Fact | PagBank | SoFi |
|---|---|---|
| Audience | Business, Freelancer | Not confirmed |
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM, Digital only, No credit checkCovers more | Free ATM |
| Legal entity | PAGSEGURO INTERNET INSTITUIÇÃO DE PAGAMENTO S/A | SoFi Bank, National Association |
| Headquarters | Brazil | United States |
| Founded | 2006Lower | 2011 |
| Support channels | Email, Phone, Help centre, ChatCovers more | Help centre |
Savings
| Fact | PagBank | SoFi |
|---|---|---|
| Rate type | Variable | Variable |
| Minimum deposit | R$1 | Not confirmed |
| Access terms | Daily liquidity, redeem whenever you want | Online-only direct bank, no physical branches; SoFi Savings bundled with SoFi Checking |
| Account kind | Easy access | Easy access |
Money transfer
| Fact | PagBank | SoFi |
|---|---|---|
| Delivery time | Within minutes: cross-border payouts cleared in minutes to Pix or a PagBank account; Pix transfers instant 24/7 | Not confirmed |
| Payout methods | Bank, Wallet | Not confirmed |
| Fee to send 1,000 | R$0 | Not confirmed |
Where each stands against the rest
| Fact | PagBank | SoFi | Median |
|---|---|---|---|
| Currency conversion fee | 5%highest quarter | 0%below the median | 0.5% |
Median across 377 listed accounts.
Pros and cons
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.
SoFi
Pros
- Deposits sit under FDIC up to USD 250,000, and the bank is listed as FDIC cert 26881
- The savings rate is variable and the account kind is easy access, so you can draw money out without a fixed term
- Cash machine use is listed under free atm, with an allowance of $0
Cons
- Support runs on help centre only, so no phone or email channel appears in the list
- Wire transfers come with Outgoing domestic wire $30 per transfer; incoming wire $0, so moving larger sums to someone else is not free
- The rate is variable, so what you earn can fall as well as rise
Who each suits
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 $0
SoFi
Who it suits
- US residents who want savings and checking in a single place
- People who are happy to bank entirely online
- Savers who want a bank licence and insured deposits rather than a partner account
Who should look elsewhere
- XTB, if you hold UK pounds and want cover under FSCS up to GBP 85,000 rather than FDIC up to USD 250,000
- Plazo ES, whose fixed rate locks money away, when you would rather hold an easy access balance
- AXI Card Tarjeta y Credito, whose fixed rate suits readers who prefer a return locked for a set period
Current offers
PagBank
Current offer
Discount code
Taxa 0% para novos clientes (0% merchant rate on card readers): 0%
New customers of the Conta PJ PagBank; card reader without rental fee
Source, checked September 26, 2026
Discount code
Moderninha ProFit com 90% off (Super Max): R$ 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 | PagBank | SoFi |
|---|---|---|
| Brazil | Yes | No |
| United States | No | Yes |
Questions about each
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.
SoFi
How much does SoFi Savings cost to hold?+
Nothing is charged to keep the balance open. The monthly fee is $0, and the account model is no monthly fee. Money only becomes costly when you move it in certain ways, such as sending a wire rather than making a standard transfer.
Is my money safe with SoFi?+
It sits with a bank, and deposits are covered by FDIC up to USD 250,000, so the balance is protected up to that limit. The bank is listed as FDIC cert 26881, a certificate you can check against the insurer's register.
Other options to compare
Other matchups
Related by the facts
PagBank
SoFi