Banco Inter: 2% fine on the outstanding balance + revolving credit (7.7% per month) + IOF;
Banco Next is an online financial institution that offers customers the opportunity to open an account and an international credit card. Through an application for Android and iPhone (iOS), users can create an account on the service via cell phone without having to present data at a physical agency. With special plans for university students and exemption from fees, Next stands out from competitors such as Neon and Nubank by offering extra features, such as managing an online fundraiser and automatic investments in investment funds.
Created by Bradesco to compete with other digital institutions, Next also offers discounts at educational institutions, online stores, restaurants and tickets for cultural events. Check out the main questions and answers related to the benefits offered to customers with a digital account at Banco Next.
See the comparison of fees between Next and other digital banks: Next: 2% fine on the outstanding balance + revolving credit (9.9 per month) + IOF;
Banco Inter: 2% fine on the outstanding balance + revolving credit (7.7% per month) + IOF;
Neon: 2% fine on the outstanding balance + revolving credit (9.9% per month) + IOF;
Nubank: 2% fine on the outstanding balance + revolving credit (2.75% to 14% per month) + IOF.
How does Next Bank make money?
Unlike some digital banks, Next offers "baskets" that cover expenses for withdrawals and transfers. Compared to a regular bank, the company has no expenses with employees and branch maintenance. The institution also profits from account movements and fines for late payment of credit card bills.
Next also generates income from revolving credit interest and international withdrawals, for which customers pay a fee of R$20 and charges of 15.1%. The bank also manages to make a profit by offering personal loans with interest rates compatible with the market.
next is a 100% digital bank, with free and unlimited services. To open your account, just download the app, fill in your information and wait for approval. All this directly through the app, without leaving home!
You have a free account and debit and credit card, payments, transfers, DOC/TED and free and unlimited statements. You can withdraw as many times as you want from Bradesco and Banco24Horas ATMs, without paying anything for it. With all the security of a bank.
