Technology

Brazilian neobank, C6 Bank launches US dollar digital account

The account, available for a small number of clients for now, also offers an international debit card

C6 Bank Headquarters
C6 Bank headquarters in São Paulo.
  • According to C6 Bank, there is no maintenance or annuity fee for either the account or the card;
  • In the coming months, C6 Bank should also allow balances in euros and pounds in the Digital Account.

The Brazilian neobank, C6 Bank announced on Friday (13) the launch of an international digital account, with dollar balance and debit card accepted abroad. The so-called Global Account is currently restricted to a group of customers, according to Seis Minutos (Six Minutes), a news site linked to C6 Bank.

In the coming weeks, however, other Brazilian neobank clients will be able to open their international digital accounts and transfer funds from a C6 checking account held in Brazil.

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Each transfer, which must be of at least $100, is taxed with 1.1% of IOF (the Brazilian tax for financial operations) and a fee of 2%. Also according to Seis Minutos, the issuance of the debit card, which also allows withdrawals at Cirrus service terminals worldwide, has a fee of $30. Only customers who have the black C6 Carbon card or BRL 20,000 in bank CDBs will be exempt from this fee.

According to C6 Bank, there is no maintenance or annuity fee for either the account or the card. But the customer has a limit of four withdrawals per day (at a cost of $ 5 each), which cannot exceed $500 each time. For the conversion, C6 Bank considers the commercial dollar quotation, which is usually lower than the tourism dollar.

In the coming months, C6 Bank should also allow balances in euros and pounds in the Digital Account.