Updated September 29, 2026 · VaultCue Editorial Team
PagBank vs ZA Bank
PagBank
Higher score in this comparison
ZA Bank
What sets them apart
| Compare | PagBankReviewVisitVisit | ZA BankReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | R$0 to R$75 | HK$0 |
| Free ATM withdrawals | R$0 | HK$0 |
| Transfer fee | Free (unlimited TED and Pix to any bank) | FPS instant transfers free; SWIFT to 140+ countries and regions with zero ZA Bank fee |
| Currency conversion fee | 5% | Not confirmed |
| Currencies | Not confirmed | 11 |
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Key differences
- PagBank scores higher overall: 8.9 vs 8.7.
- Founded is lower at PagBank: 2006 vs 2020.
- Audience: only PagBank offers Freelancer.
- Audience: only ZA Bank offers Travelers.
- Features: only PagBank offers 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.
ZA Bank
ZA Bank is an app-only easy-access account for travelers and businesses that need to hold and move money in several currencies. It suits users who put access first and interest second, since a headline rate of 0.01% sits well below the savings account median of 3%.
Score breakdown
| Area | PagBank | ZA Bank |
|---|---|---|
| Cost | 8.6Cost score rests on BRL 0 to BRL 75 monthly charges, BRL 0 for cash withdrawals and 5% for card conversion. | 9.3HigherMonthly fee of HKD 0 against a site median of €0, with a minimum deposit of HKD 0. |
| Offer | 9.2HigherOffer score rests on variable savings, Daily liquidity, redeem whenever you want and payouts to bank and wallet. | 8.9An easy access account on a variable rate, holding 11 currencies with no term attached. |
| Trust | 8.8Higher | 8.1 |
How they place
| Ranking | PagBank | ZA Bank |
|---|---|---|
| Savings accounts | 28 of 1420 | 542 of 1420 |
| Business bank accounts | 16 of 563 | 238 of 563 |
| Online banks | 11 of 402 | 181 of 402 |
Every fact side by side
| Fact | PagBank | ZA Bank |
|---|---|---|
| Audience | Business, Freelancer | Travelers, Business |
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM, Digital only, No credit checkCovers more | Free ATM, Digital only |
| Legal entity | PAGSEGURO INTERNET INSTITUIÇÃO DE PAGAMENTO S/A | ZA Bank Limited |
| Headquarters | Brazil | Hong Kong |
| Founded | 2006Lower | 2020 |
| Support channels | Email, Phone, Help centre, Chat | Email, Phone, Chat, Help centre |
Savings
| Fact | PagBank | ZA Bank |
|---|---|---|
| Headline rate | Not confirmed | 0.01% |
| Rate type | Variable | Variable |
| Minimum deposit | R$1 | HK$0 |
| Access terms | Daily liquidity, redeem whenever you want | Deposit and withdraw money as you wish, 24 x 7 in the ZA Bank app |
| Account kind | Easy access | Easy access |
Money transfer
| Fact | PagBank | ZA Bank |
|---|---|---|
| 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 | ZA Bank | Median |
|---|---|---|---|
| Currency conversion fee | 5%highest quarter | Not confirmed | 0.5% |
| Currencies | Not confirmed | 11above the median | 5 |
Median across 536 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.
ZA Bank
Pros
- Instant FPS transfers cost nothing, and SWIFT transfers carry no ZA Bank fee.
- A minimum deposit of HKD 0, so a balance can start small and grow.
- Support runs on email, phone and chat, so help is not limited to the app.
Cons
- The headline rate of 0.01% ranks 447 of 473, so this is a place to keep money rather than grow it.
- A variable rate on an easy access account gives no term in which to lock a better rate for longer.
- Digital-only handling under free atm and digital only means no branch or counter service, so cash and paperwork happen in the app.
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 $0
ZA Bank
Who it suits
- Travelers and businesses, the audiences ZA Bank lists, who need easy-access money in 11 currencies.
- Holders who want a minimum deposit of HKD 0 rather than a barrier to opening.
- Users who need help beyond the app, since support runs on email, phone and chat.
Who should look elsewhere
- Readers shopping on listed rates, where Plazo ES shows 24.19% and AXI Card Tarjeta y Credito shows 21.59%.
- Wallet-first readers, since PayPal Colombia at 3.3% fits balances held in a wallet rather than an easy-access bank balance.
Current offers
PagBank
Current offer
Discount code
Taxa 0% para novos clientes (0% merchant rate on card readers): 0%
New customers of the Conta PJ PagBank; card reader without rental fee
Source, checked September 26, 2026
Discount code
Moderninha ProFit com 90% off (Super Max): R$ 83,88 à vista (12x de R$ 6,99)
Super Max plan; promotional price valid under campaign terms
Source, checked September 26, 2026
ZA Bank
Current offer
Bonus
High-Rate Pot savings rate: Up to 5% p.a. total savings rate (up to 4.99% reward rate plus 0.01% HKD basic interest rate)
Campaign period; reward rate valid from the day the challenge is completed to the last day of that month; eligible deposit limit varies by user tier and is shown on the High-Rate Pot page; T&C apply
Source, checked September 26, 2026
Bonus
Chill Pot promotional rate: 0.5% p.a.
Applies to HKD 1,000,000 or below balance in Chill Pot under ZA Perks Lv1 User Level; balance above that at the basic interest rate; T&C apply
Source, checked September 26, 2026
Bonus
Rate-up Tuesday coupons: Rate-up Coupons up to 9% p.a.; unlock bonus rate up to 18% p.a.
Claim in ZA Bank App homepage > Deposit > Rate-up Tuesday on or before 31 October 2026; terms and conditions apply
Source, checked September 26, 2026
Bonus
Foreign Exchange Time Deposit promotional rates: 20% p.a. 7-day CNY time deposit rate; 17% p.a. 7-day USD time deposit rate
Placed via ZA Bank App homepage > Deposit > FX Time Deposit; applicable rate, currency and period as displayed in the app; FX involves risks; T&C apply
Source, checked September 26, 2026
Country by country
| Country | PagBank | ZA Bank |
|---|---|---|
| Brazil | Yes | No |
| Hong Kong | 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.
ZA Bank
How much does a ZA Bank account cost to run?+
ZA Bank charges a monthly fee of HKD 0 and a minimum deposit of HKD 0 to open, so holding a balance costs nothing. Its pricing sits at the site median monthly fee of €0, and the account is listed under no monthly fee.
What rate do I get on a ZA Bank deposit?+
The deposit pays a headline rate of 0.01% and the rate type is variable, so the return moves rather than being locked in. The account kind is easy access, which suits people who need to take money out whenever they like more than people shopping for a term deal.
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