Digital banks are gaining ground in Brazil, every day more people migrate to these banks, but is investing in digital banks safe?
For a long time, only traditional banks existed in Brazil, so the “fight” between them was for cheaper rates.
As well as any benefit that the bank could offer, however, in practice, little changed between them.
At the end of the day, the account holder usually had an account at a bank for convenience, such as a branch close to their home.
There was little competition, and little difference, however, the arrival of digital banks changed this situation.
As few people know about digital banks, we want to know if investing in digital banks is safe?
What is the difference between a traditional bank and a digital bank?
In principle, there are few differences between the two, in a traditional bank the branches are spread across cities.
Some more popular banks will have a greater number of branches, but all will have bank branches.
Therefore, there is the option for payments, deposits and banking services in general to be made in person or via apps.
Older customers like personal contact with the manager and trust payments made directly at the cash register.
Thus, agencies serve a large number of people. Digital banks do not have branches.
This way, all issues will be resolved digitally. Everything can be solved using an app on your phone or computer.
How are fees charged by digital and traditional banks?
Firstly, as all services are resolved digitally, digital banks tend to have lower fees.
This factor has “forced” traditional banks to lower their rates, many people are migrating to digital banks due to the low rates.
The person who benefits from all this is the account holder, who ends up paying lower rates, due to the high competition between banks.
news.digitalseguro.com
Today it is possible to find practically the same services available, ranging from a current account to a credit card. An investment portfolio with a variety of options.
Therefore, having an account in a digital bank has been the option for many people. The reduction in bureaucracy and options similar to those of a traditional bank have attracted many people.
Is investing in digital banks safe?
Before answering this question, it is necessary to point out that there is investment risk in any bank. Whether traditional or digital.
If you are an investor, you know that there are risks inherent in some types of investments. But, as for the bank being digital, all digital banks are regulated by the Central Bank.
READ TOO:
- Best apps to track any cell phone by number
- Learn to fix car and motorcycle by cell phone
- How to watch free HBO channels
Therefore, any digital bank that is operating freely in Brazil is trustworthy. Therefore, all accounts are guaranteed by the Credit Guarantee Fund.
This fund guarantees investments of up to R$ 250 thousand, in the event of a digital bank going bankrupt.
Therefore, it is worth investing or having an account in one of these digital banks that are operating in Brazil. Compare the benefits and make your choice.
