Current account without charges is guaranteed by law to customers (resolution 3,518 / 2007). Every consumer is entitled to an account without fees. This type of service is called a “digital account”. Below you will find which banks offer the benefit and how to open the account online.
According to Febraban (Brazilian Federation of Banks), the Brazilian spends on average R $ 1000 per year with the payment of bank fees. Digital accounts offer TED or DOC charge-free transfers.
It is common to confuse the package of basic services that the bank grants with the digital account. The difference is that in the package the government states that banks need to offer customers withdrawals and limited check sheets for free. However, TED and DOC are not included in the service.
The three banks that offer the online account service are: Banco do Brasil, Bradesco and Itaú. In these accounts, you are exempt from any bank fees and can make TED and DOC for free unlimited. There are no charges because, as the process is entirely virtual, there is no employee work during the transaction.
What is a digital account?
It is exactly the same as an ordinary checking account, but there is a need to move to the branch office or contact the bank manager by phone. In this way, all the work is done through the internet. Since there is no personal service, the bank charges less. In the end, this reflects the customer’s account costs. In addition to TED and DOC, you also do not need to pay account maintenance fees.
For whom is the digital account indicated?
Online account is suitable for those who do not need frequent bank features and investors who invest small amounts every month and pay transfer fees from the bank to the broker.
How do I open an account online?
There are two ways to open a digital account. The first is to go personally to the agency and open a new account. The second is to ask the manager to have his current account become a digital account.
Perhaps the second process is not so easy because banks generally do not want customers to have such accounts. As the service does not bring profits to the banking institutions, there is not so much information or publicity about the resource.
What if they do not want to open it?
The simplest way to circumvent this situation is to enter the bank’s website, print information about the online account service and take it to the agency.