Banco Pan offers the digital mode to open an account without leaving home and access statements or pay invoices directly through the Android and iPhone (iOS) application. The bank offers credit and debit cards without annual fees, in addition to providing services to account holders, such as personal loan, emergency limit and NFC card for payment by approach.
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Depending on the card category, bonuses such as discounts on travel, shops and restaurants are still possible. Check out the list below of what and how Banco Pan works, and find out if the institution's annual credit card is worth it.
Banco Pan fully digital and is available for Android and iPhone (iOS) Photo: Emanuel Reis / TechTudo
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To open a digital account at Banco Pan, you must download the app from the App Store or Google Play Store, and tap on the option Open my account, available right on the app's home screen. Then, read the Terms and Conditions and confirm them.
Then, the customer must authorize the application to access the location and notifications. Opening an account at Banco Pan requires personal data such as name, CPF, photo, address, contact information, income and a password. Subsequently, to log into the app and access the account, be asked for your CPF and registered password.
The filling in of personal data is necessary to create an account at Banco Pan Photo: Reproduo / Emanuel Reis
Banco Pan offers five types of cards, ranging from the most basic to the most sophisticated plans. The credit card with no annual fee has the self-explanatory name "Zero annual fee". It provides Banco Pan's most basic services, while the "Platinum" premium features cashback on the invoice and the "PAN Mais" points program, which provides discounts at partner stores of the brand.
The modalities that charge annuity are subject to the reduction of fees. The discount percentages are 25%, 50%, 75% and even 100%, according to the user's monthly spending on the card. All card categories allow you to control the limit, access your statement and carry out transactions through the Banco Pan application.
Check the table below for the fees charged for each card at Banco Pan.
Banco Pan credit cards
|Carto||Annuity||Minimum Income||PAN More||Cashback|
|Zero annuity||At the||Minimum wage||At the||At the|
|Basic||7 x R $ 12||Minimum wage||At the||At the|
|International||12 x R $ 20||Minimum wage||1 point for every R $ 1||Yes|
|Gold||12 x R $ 29.16||From R $ 2.5 thousand||1.2 points for every R $ 1||Yes|
|Platinum||12 x R $ 41.66||From R $ 5,000||1.5 points for every R $ 1||Yes|
What are the main features available in the account?
Banco Pan allows up to 30 monthly withdrawals, transfers and deposits per boleto. In this way, the customer can perform, on average, one of these movements per day. When the limit is exceeded, R $ 2 per share is charged.
Common banking operations, such as transfers, withdrawals and deposits, are available in the application. Thus, it is possible to track spending over the month, in addition to adjusting the credit card limit as desired. There is also the option of applying for a loan, in which the user chooses the payment time taking into account the interest applied.
Banco Pan allows you to make transfers, check balance and adjust limit through the application Photo: Divulgao / Banco PAN
What is the difference for other digital banks?
Nubank, Inter and other digital banks compete with Banco Pan and can offer greater benefits to the customer. For example, both Nubank's NuConta and Banco Inter allow unlimited transfers between banks free of charge.
In addition, the amount deposited in the Nubank account has automatic income. A differential of Inter is the possibility of investing in direct treasury, investment funds, savings and private pension plans without charges. Still, you can do procedures such as transfer and payments with Bitcoin and other virtual currencies.
Banco Inter and Nubank can offer greater advantages to users looking for a digital bank Photo: Anna Kellen Bull / TechTudo
Banco Pan, in turn, has a monthly limit for procedures such as withdrawals, transfers and deposits. In addition, only the Zero annuity card, with simpler plans, does not charge the annual usage fee. Meanwhile, cards from other types of Banco Pan charge an annual fee, but have scoring and cashback programs. Like Inter and Nubank, the withdrawal made in Banco24Horas boxes.
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