My_BMG is a digital bank account with no fees, with operations performed by the app available for Android and iPhone (iOS). The institution offers users a debit and credit card with no annual fee, free transfers, unlimited withdrawals, a virtual "piggy bank" and the possibility of investments.
As with other digital banks, you can open an account with a few steps in the app or website. O TechTudo separated some questions and answers about the account and the digital BMG card.
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Good digital BMG card? See questions and answers about the digital account Photo: Reproduo / Marcela Franco
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The digital account works through the free app my_BMG. Because it is a virtual bank, almost all operations are done online. This enables the company to have a low operating cost, which enables it to offer cheaper services, such as a no-fee account and a no-annuity credit card.
In the app, you can apply for loans, analyze your financial life on a single screen, make transfers between BMG or other bank accounts, make payments, make investments and monitor them, and track month invoices. Remember that in order to possess the credit card, it is necessary to pass a credit analysis.
To open an account on my_BMG, just follow a few steps through the application and fill out the form. Click on "Open my account", enter your social security number and mobile number and wait for the confirmation code to be sent by SMS. A virtual assistant help the customer to perform the registration.
The app also requests a photo of RG or CNH and some personal information to continue the process. The team will review the proposal and contact you by email notifying you if the registration has been approved or not.
It is possible to open the digital account through the application my_BMG Photo: Reproduction / Marcela Franco
In general, fees from digital banks are usually cheaper than those from traditional financial institutions. My_BMG offers its customers a credit card that has no annual fees but charges interest for late payment of the invoice.
Bank transfers between BMG accounts or other institutions are not taxed, and unlimited withdrawals can be made at any BMG bank or at Banco24Horas bank tellers.
What is the difference for Nubank and other digital banks?
The main difference between my_BMG for other digital banks is that it allows its customers to make unlimited withdrawals at no charge. Nubank charges $ 6.50, while Neon has a $ 6.90 withdrawal fee and another $ 3.50 for every second month transfer to other banks.
At Banco Original, the account holder is entitled to four withdrawals and two transfers. After exceeding these resources, an individual amount charged per movement: $ 1.90 for withdrawals and $ 0.70 for transfers between own bank accounts.
With the application my_BMG, you can manage and make movements in the current account and related to the cards offered by the company. The app has a simple and very intuitive interface. At the bottom of the screen are the services offered by the platform, including also an investment section and the virtual assistant Duda.
In "My Account", the app shows the current account balance and the limit available on the credit card. In "Investments", you can select the amount the user wants to apply and for how long. The virtual assistant is also very useful and can be used for paying bills, making transfers, checking balance and checking account statement, as well as taking customer debts.
The my_BMG app has a virtual assistant to assist clients. Photo: Reproduo / Marcela Franco
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