Next or Nubank: how to choose between the two?

Next and Nubank are two digital banks that offer digital accounts to their customers and several advantages when it comes to helping bring an account to those who need it, thus providing convenience. 

Therefore, we have put together a comparison with the main features of both banks so you can know which one is best for you. 

Follow the article and find out which is better: Next or Nubank.

• Which bank charges fewer tariffs? 👈
• Which bank offers more services? 👈
• Which bank offers a best credit card? 👈
• Which bank has the best investment options? 👈
• Which bank has the best app? 👈
• Which bank is the safer? 👈
  
• As open an account at Next? 👈
• As open an account at Nubank? 👈

Who charges fewer fees: Next or Nubank?

The first step to finding out which digital bank is best is to understand the fees and rates each digital bank offers you. 

So, check out the fees for each bank and see which one offers the lowest rates for its customers. 

Next Rates

• Account opening: free.
• PIX: yes, unlimited.
• No annual fees or charges for withdrawals from the Banco24 Horas network or Bradesco ATMs.
• Transfers to Next and Bradesco accounts are free. 
• For other banks, users can only make one monthly DOC or TED without fees. 
• Baskets with monthly values ranging from R$ 9.95 to R$ 50.79, but are free for the first five months.

Nubank Fees

• Account opening: free.
• Account withdrawals: R$ 6.90 per withdrawal.
• Ted: free.
• Deposit via bank slips: free and unlimited.
• Maintenance cost: free. 
• Unlimited PIX.

Which bank has the best fees?

Regarding fees, it's important to know that Next Bank will offer some services for free, but for others, you'll need to subscribe to the bank's service package. 

Because of this, Nubank ends up coming out on top when it comes to fees, as it has no fees for several services. 

Which bank offers the best services: Next or Nubank digital wallet?

Both Next and Nubank are digital banks that offer services to their customers. This is crucial, as you need to know exactly what services you'll get when using your account. 

Check out the services that Next and Nubank offer their customers.

Next Bank Services

• Free digital account. 
• Payments via the app. 
• Deposit by bank slip.
• Investments. 
• PIX (receiving and sending).
• Credit card. 
• Insurance.
• Lines of credit.

Nubank Services

• Pix (sending and receiving).
• Free digital account.
• Free transfers to other banks.
• Deposit by bank slip. 
• Pre-approved loan on account.
• Payment of bills with balance and credit.
• Income through automatic CDI.
• Investments. 
• Toll and parking tag. 
• Nu rewards program (paid).

Which bank is the best in services?

Both Next and Nubank offer an attractive package of services to their customers, making it a good idea to choose either. 

Therefore, we can consider a tie between the two when it comes to services. 

Best credit cards: Next or Nubank?

Both banks offer credit cards to their customers. When opening your account, it's important to be aware of which cards you'll have available.

Therefore, learn about the cards available at each of the two digital banks. 

Next Cards

• Next International Card with no annual fees. 
• Platinum credit card (R$ 42.50 per month).

Nubank Cards

• Nubank Visa Gold card with no annual fees.
• Nubank Ultraviolet Card (annual fee of 12 of R$ 49.00).

Which bank is best for cards?

Both Next and Nubank offer two credit cards to their customers, one with no annual fee and the other with an annual fee. 

Here, there is an advantage for Nubank, since the card without annual fees is a Gold card and the card with annual fees is a Black card. 

Which yields more: Next or Nubank?

Both digital accounts have a yield based on the CDI (Interbank Deposit Certificate), meaning the cash will yield a higher return than savings accounts. Currently, the rate is 13.5% per year, but it's always good to check the updated rate. 

See which of the two banks brings the highest return on your digital account. 

Next's Yield

• The return is based on the investment you make in the bank.

Nubank's Income

• Money yields automatically.
• Yields 100% of CDI.

Which bank is the best in terms of returns?

In general, the return is simple to understand and offers a higher rate than savings accounts. Therefore, Next requires the money to be invested to receive the return, while Nubank offers automatic returns. 

Therefore, we can say that Nubank has a slight advantage due to its automatic income. 

Which bank has the best app: Next or Nubank?

It's important for you to know that every digital bank needs a working app for you to register and use your digital account. 

See how the Nubank and Next apps work to find out which is best. 

Next App

• Available for Android and iOS.
• Price: free.
• Practical application with all the features you need.  
• Security via password, fingerprint and facial recognition. 

Nubank App

• Availability: Android and iOS.
• Price: Free.
• Simple to use application with all functions on the screen. 
• Protected by password, fingerprint and facial recognition. 

Which bank has the best app?

The apps offer the option to open an account, access your money immediately, and display all the simple operations on the screen for you to use. 

Therefore, for this issue, we had a tie between both banks, which have practical apps for everyone. 

Which is safer: Next or Nubank?

It's essential that you have security when keeping your money in one of the digital accounts. Security when using your money and ensuring you can safely access your app. 

So, see how the security of both digital banks works. 

Next Security

• Fingerprint recognition.
• Money has the security of the company. 
• Digital bank controlled by Bradesco. 
• Guaranteed by the Credit Guarantee Fund.  

Nubank Security

• Account security via password, fingerprint and facial recognition.
• Digital bank registered with the Central Bank of Brazil.
• It is insured by the Credit Guarantee Fund.
• Founded in 2013. 

Which of the two is better in security?

Both banks are safe and offer all the services you need to ensure your money is well protected. 

Therefore, in terms of security, it is necessary to consider a tie, since both are safe and have a FGC guarantee. 

How do I open an account with Next?

Next is a fully online digital bank created by Bradesco, one of Brazil's most trusted banks. With it, you can easily access your account and use it for your transactions. 

Check out how to get your Next account. 

Step by step guide to opening an account with Next

Follow our step-by-step guide to get your Next account:

1. Install the Banco Next app on your smartphone through the online store.
2. Tap “create new account”. 
3. Choose the type of account you want to create. 
4. Fill in the requested personal data.
5. Fill in the requested documents. 
6. Take photos of the document and take a selfie with it in your hands. 
7. Send the proposal to Bradesco to open your account. 
8. Shortly after, the account will be released to you. 

How to open a Nubank account?

Nubank offers all account opening and digital account management options directly within the app. This makes it a completely online and simple process.

So, see how you can have your Nubank account in a very simple way. 

Step by step guide to opening a Nubank account

Check out our step-by-step guide to opening your Nubank account: 

1. Install the Nubank app from your online store. 
2. Tap “Create new account”. 
3. Fill in your personal details. 
4. Enter your document number. 
5. Send a photo of your document and a selfie with it in hand. 
6. Check the proposal and send it to the bank. 
7. Wait for Nubank to release your account. 

So, which bank should I choose?

When choosing your digital account, you should take into account all the points we've analyzed, including fees, services, cards, and account maintenance.

Before the verdict, know that customers rated Nubank 8.3 on Reclame Aqui, an excellent rating, while Next is rated 8.5. 

Therefore, both are considered excellent and have everything you need for everyday life, which will make it a tie when choosing your digital bank. 

However, if you're thinking about income, Nubank offers automatic income, without the need for investment. 

Did you like the comparison? See more tips on our digital banking website.