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PagBank review

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

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Our verdict

PagBank suits savers in Brazil who want a small, easy-access balance and a low entry point, with a minimum deposit of BRL 1 and monthly fees of BRL 0 to BRL 75. Lending is narrow: it centres on people already drawing an INSS pension or benefit, so it is not a general personal loan.

Key facts

Best for
A small, easy-access savings balance in Brazil alongside a current account with no monthly fee.
Rate type
Variable↗
Term
3 to 24 months↗
Minimum deposit
R$1↗
Access terms
Daily liquidity, redeem whenever you want↗
Monthly fee
R$0 to R$75↗
Account kind
Easy access↗
Legal entity
PAGSEGURO INTERNET INSTITUICAO DE PAGAMENTO S/A↗
Headquarters
Brazil↗
Founded
2006↗
Support channels
Email, Chat, Phone, Help-centre↗
Pricing model
No monthly fee
Official website
pagbank.com.br

Loans

APR
28.32% to 213.84%↗
Arrangement fee
None (no credit opening fee charged on the INSS consignado loan)↗
Credit check
Soft prequal↗
Funding time
Approved within 2 business days, money credited to PagBank account within 24 hours↗
Representative example
CET from 2.1% per month (28.32% per year) to 10% per month (213.84% per year), payment term 3 to 24 months↗
Lender type
Direct lender↗
Eligibility
Retired INSS pensioners and benefit recipients only; up to 40% of monthly income committed over up to 108 instalments↗
Origination fee (%)
0%↗
Loan types
Personal↗
Credit needed
Poor↗
Features
Same-day funding

Facts checked September 26, 2026, 7 sources

Apps and profiles

Elsewhere
LinkedInfacebook.com

Pros and cons

Pros

  • The account model is no monthly fee, and monthly fees run BRL 0 to BRL 75, so the everyday tier costs nothing to hold.
  • The CDB gives daily liquidity, and you can redeem whenever you want under Daily liquidity, redeem whenever you want.
  • The savings entry point starts low at BRL 1, among the smallest on the table.
  • Support runs on email, chat and phone, so phone, chat, email and a help centre are all covered.

Cons

  • The CDB pays a variable rate, so the return on savings can move rather than staying locked.
  • Savings sit in a single market, with BR as the home base, so there is no multi-currency option.
  • Borrowing is limited to people already drawing an INSS pension or benefit, and the credit bar is poor.
PagBank

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • People in Brazil who want a digital account and a small savings pot they can reach at any time
  • Retired people already drawing an INSS pension who want borrowing settled from that monthly income
  • Savers happy to keep everything in a single market rather than spreading across several currencies

Who should look elsewhere

  • Anyone outside Brazil who needs a UK account in pounds, since Starling asks for a minimum deposit of £0
  • Euro savers who prefer a different entry point, since Finteres starts at €100
  • People wanting a general personal loan, since borrowing here is tied to a pension or benefit income

Fees and FX

Monthly fees run BRL 0 to BRL 75 on the digital account, so the standard tier costs nothing to keep. The savings side sets a low floor, with a minimum deposit of BRL 1, which sits below the €0.88 median across the brands compared here. Fees and access terms are simple, with the rate on the CDB at variable and daily liquidity on redemption.

The company behind it

PagBank is operated by PAGSEGURO INTERNET INSTITUICAO DE PAGAMENTO S/A, headquartered in Brazil and trading since 2006. Support runs on email, chat and phone, covering phone, chat, email and a help centre. The company also lends directly, with an INSS consignado personal loan aimed at existing pension and benefit income.

How PagBank compares

Where PagBank is available

Available
Brazil

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

Frequently asked questions

What does it cost to hold money with PagBank?+

Monthly fees run BRL 0 to BRL 75 across the digital account, and the account model is no monthly fee, so the everyday tier costs nothing to hold. The savings side is a CDB with daily liquidity, redeem whenever you want, and the INSS consignado loan carries no credit opening fee.

How much do I need to open the savings account?+

The minimum deposit for the CDB is BRL 1, among the lowest entry points among the brands compared here. The median minimum deposit on the site is €0.88, so the starting amount here is light and the balance can be topped up whenever you want.

Can I get the money out when I need it?+

Yes. Access terms give daily liquidity, so you redeem whenever you want rather than waiting for a term to end. Easy-access accounts are the most common kind on the site at 75.2%, and the CDB rate is variable, so the return is not locked for a set period.

Who can borrow from PagBank?+

Borrowing is for people who already draw an INSS pension or a benefit, with a slice of that monthly income committed across the instalments. The credit bar is poor, so approval is not aimed at strong credit files, and the loan is a personal product offered in house.

What rate and term do the loans run at?+

Rates run 28.32% to 213.84% across the range quoted, and the term runs 3 to 24. The published example sets the monthly rate from the low end of that spread to the high end, with instalments taken from the pension or benefit income rather than a monthly bill.

How quickly is a loan approved and paid out?+

Approval comes through a short decision window, and the money is credited to the PagBank account within a day, matching the same-day funding feature on same day funding. Same-day funding appears on 30.8% of the brands listed, and the credit check runs as soft prequalification.

Who can I contact for help?+

Support runs on email, chat and phone, covering phone, chat, email and a help centre. Phone and email are among the most common channels on the site, at 74.4% and 72.9% of brands, so help is easy to reach in the BR market.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Headline rate, Deposit protection.

PagBank

PagBank

A small, easy-access savings balance in Brazil alongside a current account with no monthly fee.

9.0/10Visit