Picpay or Pagbank? Which is the best choice? Check it out

When choosing a bank to open your account, you need to compare everything it offers to ensure you're getting a good deal. That's why we compared Picpay and Pagbank, two of the most well-known financial institutions, to help you decide which one is best.

Follow our article and find out which one to choose: PicPay or Pagbank.

Who charges less fees: PicPay or Pagbank?

Fees are used for account maintenance, card maintenance, and other transactions you may perform. See the PicPay and Pagbank fee comparison:

Picpay Fees

• Account opening: free.
• Account withdrawals: R$ 6.50 per transaction.
• PIX: yes.
• Add money with debit: 1,99% per transaction.
• Payments of bills by credit: R$ 4.99 per transaction.

Pagbank Fees

• Account opening: free.
• Account withdrawals: R$ 7.50 per account withdrawal.
• Ted and deposit via bank slips: free and unlimited.
• Maintenance cost: free.

Which bank has the best fees?

Despite offering different fees, both financial institutions share one thing in common. The main fees, such as account opening and maintenance, are free. What you pay for are specific transactions.

In this regard, then, there is a tie between PicPay and Pagbank.

Which bank offers the best services: Picpay or Pagbank?

Discover a comparison of the services offered by PicPay and Pagbank, showing you which one offers more interesting services and will help you make better use of your digital account.

Picpay digital wallet services

• Free digital account.
• Payments via the app.
• Deposit by bank slip.
• PIX (receiving and sending).
• Credit card.
• Cashback in stores.
• Cell phone top-ups.

Pagbank Services

• Free digital account.
• Transfer by PIX, TED.
• Online loan.
• Card machine available.
• Deposit by bank slip.
• Payment of bills and installment payments.

Which bank is the best in services?

If your goal is to have a card terminal associated with your digital account, Pagbank's service is more interesting. But if you want cashback and exclusive discounts, Picpay's services are more interesting.

In this regard, victory depends on what you really need to do with your money.

Best credit cards: Picpay or Pagbank?

Check out the credit cards offered by Picpay and Pagbank now and see which card is best for you.

Picpay Cards

• International Picpay Card with no annual fees.

Pagbank Cards

• Visa International credit card with no annual fees.

Which bank is best for cards?

Both institutions offer an internationally recognized credit card. Both cards have no annual fees, allowing you to make purchases anywhere without hassle.

So, we have a tie in terms of cards offered.

Which yields more: Picpay or Pagbank?

Earnings occur when you transfer money to your company's digital account. This means the more money you save, the higher your earnings. Check out PicPay and Pagbank's yield rates to see where your money earns the most.

Picpay Income

• The income is automatic.
• Yields 102% of CDI.

Pagbank Income

• Automatic income.
• 100% of the CDI.

Which bank is the best in terms of returns?

Both banks offer higher yields than savings accounts, considering the CDI rate. Another detail is that both offer automatic returns, meaning you deposit and the money earns interest without you having to do anything.

However, there is a slight advantage for Picpay, as the yield is 102%, while Pagbank is 100% of the CDI.

Which bank has the best app: Picpay or Pagbank?

Each financial institution's app is essential for you to maintain control and ensure that all transactions are running as you need them to.

Check out how each bank's app works:

Picpay App

• Available for Android and iOS.
• Price: free.
• Simple application, with all the functions so that the person can use it very easily.
• Security by fingerprint, password or facial recognition.

Pagbank App

• Availability: Android and iOS.
• Price: Free.
• Practical application, with all the options simple for the user.

Which bank has the best app?

Both have very similar apps that are very practical to use on a daily basis. They're quick to install, with everything you need on your smartphone's home screen.

Thus, Picpay and Pagbank are tied when it comes to apps, always offering innovations and ensuring they offer the best for their customers.

Which is safer: Picpay or Inter?

Keeping your account secure is essential to ensure your money is protected and that you won't encounter any issues when using the apps.

Check out how the security of each application works.

Picpay Security

• Password for payment.
• Fingerprint recognition.
• Money has the security of the company.
• Certain income.
• Founded in 2012.
• Approved by the Central Bank.

Pagbank Security

• Digital bank registered with the Central Bank of Brazil.
• It is insured by the Credit Guarantee Fund.
• Founded in 2019.
• Secure, password-protected application.
• Fingerprint recognition.

Which of the two is better in security?

Both have an ideal security system that allows you to use the app with peace of mind and the certainty that your money will be well-kept.

Because of this, when it comes to security, there is a tie between the two digital banks.

How to open a Picpay account?

Opening a PicPay account is extremely easy. The app has an intuitive interface that guides you through the entire process, using simple, clear language.

To help you, we've created a step-by-step guide you can follow to create your account:

Step by step guide to opening a Picpay account

• Access your smartphone's online store and download the Picpay app.
• Install and open the application.
• Tap “create new account”.
• Fill in the requested personal data.
• Fill in all personal documents.
• You will need to upload two photos: one of your document and a selfie holding the document.
• Check that everything is correct and send the proposal.
• Once the account is released, you will receive an email notifying you of the account release.

How to open a Pagbank account?

Pagbank also offers all the facilities you need to open your account and access all services.

Check out how you can open your Pagbank account.

Step by step guide to opening a Pagbank account

• Open your smartphone's online store and install the Pagbank app.
• Open it and tap “Create new account”.
• Fill in all your personal details.
• Fill in the documents.
• Send the requested photos of the documents.
• Wait for approval to use your Pagbank account.

So, which bank should I choose?

It's time for the verdict. Which digital bank is better? Picpay or Pagbank? Knowing that both are excellent digital wallets, offer great services, and are highly rated, we present our final assessment.

For those looking for a digital wallet that offers cashback, discounts, and a slightly higher return, Picpay is ideal. For those interested in having an account linked to a card terminal, Pagbank is ideal.

Therefore, when choosing, consider which service is most essential to you and, thus, you will be able to choose the best bank for you.

Did you like the comparison? Follow our page and see more bank comparisons.