What is Nubank?
Nubank is a digital bank (fintech) founded in 2013 in Brazil. It started with a credit card with no annual fee and today offers a complete account, investments, loans, and insurance. It is the largest digital bank in Latin America.
Main products
- Checking account: no fees, automatic yield of 100% of CDI
- Credit card: no annual fee, total control through the app
- Investments: CDB, funds, cryptocurrencies
- Loans: personal and salary advance
- Insurance: life and cell phone
Advantages
- Zero maintenance fees
- Intuitive and well-made app
- 24-hour support via chat
- Automatic yield on the account (100% CDI)
- Card with no annual fee
Disadvantages
- Credit limit may be low at first
- No physical branches
- Limited investment options (few options)
- Support only digital (no easy phone access)
Nubank and financial education
Nubank popularized digital financial control in Brazil. The app shows expenses by category, limits, and bills in a visual way. For even more complete control with multi-currency and AI, FinMoovi complements it perfectly.