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Nubank announces debit card in Brazil; know how it works | Productivity

This Tuesday (11), Nubank announced the arrival of the debit and withdrawal function for users of NuConta, the company's current account. The novelty comes one year after the launch of the digital account. At the moment, customers could use the balance only to pay slips and the credit card bill. Amounts may be withdrawn from the Banco24Horas network, for a fee of R $ 6.50 per withdrawal.

The new features will be made available progressively, with a promise to release 10,000 customers by the end of 2018. For other users, there will be an online waiting list, which includes those who are still on the client and want to try NuConta's resources. The services offered by Nubank can be accessed through the versions of the free app for Android and iPhone (iOS).

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NuConta customers will be able to withdraw money and pay with debit Photo: Paulo Alves / TechTudoNuConta customers will be able to withdraw money and pay with debit Photo: Paulo Alves / TechTudo

NuConta customers will be able to withdraw money and pay with debit Photo: Paulo Alves / TechTudo

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How the Nubank debit card works

Nubank already allowed withdrawals, but the amount was obtained from the credit card, restricted to 5% of the available limit. NuConta users who have the new withdrawal method released will be able to withdraw money according to their balance, like a regular bank. The debit function has no usage fee.

Credit cards issued since September already have the pre-configured debit function on the chip. Whoever has the older version of the card will have to receive a new plastic. Interested in trying out NuConta's withdrawal and debit, they should sign up for the waiting list on the sou.nu/nuconta website.

The fintech digital account was launched in October last year as a free-of-charge option. In addition, the account yields up to 100% of the Interbank Deposit Certificate (CDI) on money deposited with daily liquidity. The user can monitor the income through the application in real time and maintain regular control of finances.

Will Nubank close? Find out on Frum TechTudo.

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