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PicPay review

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

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Our verdict

PicPay suits Brazilian businesses, freelancers, teens and travellers who want a savings pot that pays out on demand, and it scores 6.5 overall for cost. The trade-off is that the provider is a payment institution, the rate is variable and the balance sits in a wallet rather than a bank account.

Key facts

Best for
Easy-access saving alongside Pix spending for Brazilian businesses and freelancers.
Rate type
Variable↗
Minimum deposit
R$0↗
Access terms
Instant redemption; the daily cofrinho balance pays Pix or boleto directly↗
Monthly fee
R$0↗
Account kind
Easy access↗
Legal entity
PicPay Serviços S.A. Instituição de Pagamento↗
Headquarters
Brazil↗
Founded
2013↗
Support channels
Help-centre↗
Pricing model
No monthly fee
Official website
picpay.com

Everyday accounts

Currency conversion fee
0.9% to 4.55%↗
Currencies
3↗
Transfer fee
Free for Pix payments and receipts↗
Audience
Business, Freelancers, Teens, Travelers
Features
Digital-only

Money transfer

Delivery time
Instant↗
Payout methods
Bank, Wallet↗
Fee to send 1,000
R$0↗

Facts checked September 26, 2026, 9 sources

Apps and profiles

Get the app
App Store

Pros and cons

Pros

  • The digital account carries a monthly fee of BRL 0, so a balance can sit there at no running cost.
  • A cofrinho starts from a minimum deposit of BRL 0, and the daily balance pays a Pix payment or a boleto directly, with instant redemption.
  • Payouts can go to a bank account or a wallet, bank and wallet, so saved money can fund the next payment.

Cons

  • Support runs on help centre alone, so help is self-service rather than a direct line.
  • The balance is held by a payment institution, PicPay Serviços S.A. Instituição de Pagamento, rather than a bank.
  • Currency conversion on the global account runs at 0.9% to 4.55%, above the 0.5% site median.
PicPay

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Scored 8.7 / 10 by VaultCue.

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Who it suits

  • Businesses and freelancers who live on Pix, since the audience includes both, business, freelancer and teen, and payments and receipts are free.
  • Teens opening a first account, because the service is digital only and the minimum deposit is BRL 0.
  • Travellers who want a small multi-currency balance for a trip, 3 currencies, rather than a large one.

Who should look elsewhere

  • Savers who want a known return: Plazo ES fixes its rate, fixed, while the PicPay rate is variable.
  • Anyone after a card and credit product alongside saving: AXI Card Tarjeta y Credito runs a fixed rate, fixed.

Fees and FX

On the digital account and the business account the monthly fee is BRL 0, and a cofrinho can start from a minimum deposit of BRL 0. Nothing is charged for holding the account, which makes it easy to keep a savings balance next to everyday Pix payments and receipts. For a saver weighing cost, there is no account-keeping charge to offset what the balance earns.

The company behind it

PicPay Serviços S.A. is registered as a payment institution and is based in Brazil, where the regulator is Banco Central do Brasil. The company was founded in 2013 and has grown into a wallet, savings and business payments service. Support runs on help centre alone, so help is largely self-service.

How PicPay compares

Where PicPay is available

Available
Brazil
Licence in Brazil
Banco Central do Brasil, checked September 26, 2026

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

Frequently asked questions

What does it cost to hold a PicPay account?+

The digital account and the business account carry a monthly fee of BRL 0, and a cofrinho can be opened from a minimum deposit of BRL 0. Pix payments and receipts are free, so everyday Brazilian transfers add no cost. Currency conversion on the global account is the charge to watch, at 0.9% to 4.55%.

Who regulates PicPay and where does the money sit?+

The provider is PicPay Serviços S.A. Instituição de Pagamento, and the regulator in Brazil is Banco Central do Brasil. Because the balance is held by a payment institution rather than a bank, it is worth reading what protection applies to wallet balances before treating a cofrinho as a long-term home for savings.

How quickly can money come out of a cofrinho?+

Redemption is instant, and the daily cofrinho balance pays a Pix payment or a boleto directly, with delivery listed as Instant. You can be paid out to a bank account or a wallet, bank and wallet, so a transfer can go back to a bank or fund the next payment.

Is the return fixed or variable?+

The rate is variable, variable, so what a cofrinho pays can move instead of being locked in for a term. The account kind is easy access, which is why redemption stays instant. A saver who wants a known return over a set period would be better served by a fixed-rate product.

Can I use PicPay without visiting a branch?+

The service is digital only, so the cofrinho, Pix payments and account settings are all handled in the app rather than at a counter. Support runs on help centre, which suits readers who are comfortable managing money on a phone and prefer written answers.

How many currencies does the global account hold?+

The account holds 3 currencies, aimed at travellers who need more than the real. Conversion is charged at 0.9% to 4.55%, so that rate is the number to check before relying on it for a trip budget. The listed audience is business, freelancer and teen, which puts travellers alongside businesses, freelancers and teens.

Does PicPay suit a business taking Pix payments?+

Yes. The audience includes businesses and freelancers, business, freelancer and teen, and the business account is digital only. Pix payments and receipts are free on that account, and the monthly fee is BRL 0, so accepting Pix does not come with a running charge for the account itself.

Sources

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Headline rate, Term, Deposit protection.

PicPay

PicPay

Easy-access saving alongside Pix spending for Brazilian businesses and freelancers.

8.7/10See alternatives