Is an international digital account worth it? Find out here

Before opening a digital account with any financial institution, consumers need to understand the advantages and services offered. Some people have doubts about whether international digital account is worth it. Check it out below. 

Is it worth opening an international digital account? 

In principle, if you travel abroad a lot, the international digital account is worth it. The opening process is even more important for those who want to save money on financial services. 

On the other hand, if you're interested in living abroad, whether to work or study, you should consider the best account alternatives before opening your own. In short, depending on the case, it's worth opening your account with a digital bank abroad. 

After all, by opening a digital account with international banks in these situations, customers can better organize their finances. It's worth noting that this makes the process of exchanging reals simple. 

How the international digital account works 

The international digital account works in the same way as the national options. In other words, customers can deposit money, carry out financial transactions, pay bills or keep a balance in foreign currency. 

In addition, these digital accounts have international bank codes, which are used to regulate transactions. To make everyday life easier for customers, some institutions offer a debit card, so you can make purchases and withdrawals from ATMs. 

These international accounts are suitable for those who don't want to pay the administration or financial transaction fees of traditional banks. In other words, it works like any digital account, the only difference is the currency. 

When to open this digital account

In principle, opening a digital account abroad should be considered in some cases, such as if you are going to live or study abroad. This procedure is also important for those who travel abroad a lot. Opening an account allows for quick financial transactions in the country, as the currency is local. 

In some cases, it is possible to open a digital account completely free of charge, but it is important to evaluate the options available. By doing so, consumers can find an alternative that meets their needs. 

Another feature of these banks is that you can avoid paying fees for international transactions. In other words, all the times you would have had to pay for these transactions will no longer happen. 

How to save on international travel 

When opening a digital account with an international bank, one of the biggest benefits is the savings on transactions and payments during the trip. In this way, consumers get better value for money and avoid spending twice as much to pay for the products or services they buy. 

If you're traveling to another country and want to take advantage of international digital accounts, the first step is to choose a bank responsible for opening these accounts. 

Once the opening process is complete, you can deposit or transfer money to the account in foreign currency. It's important to note that the exchange rate used is always that of the day, so check this information on the internet.

As soon as your digital account is open, 

In order not to lose money on the possible devaluation of the real, don't send large amounts at once. In other words, if you're planning to take US $3,000 for a trip, start by sending monthly remittances of US $300. That way you can benefit from the appreciation of the dollar. 

What are the advantages 

The functions of international digital accounts are similar to those of any traditional bank. In other words, by opening an account on one of these platforms, customers are able to make transfers, payments, withdrawals and other actions. 

On the other hand, unlike traditional banks, there are more benefits that an international digital account offers consumers. Check out the main advantages below: 

• The account opening process takes place entirely online;
• There are specific benefits offered by the card brand; 
• Consumers have access to a foreign currency account;
• You can transfer money from your current account to your international account without wasting much time; 
• All operations take place in a secure environment that is easy and quick to use;
• No fees will be charged for converting between currencies. 

Which Brazilian banks open international accounts 

If you're interested in traveling outside Brazil or living in another country, it's important to open a digital account that suits your current situation. See which Brazilian banks allow you to open an international account:

Santander

Generally speaking, this account is only available to corporate clients. The bank offers its clients various functions, such as the smooth movement of money (dollars and euros). The whole process is carried out in a safe and practical manner. 

If you want to transfer money to other countries but can't set up an account, there's no need to worry. The bank allows you to transfer money abroad from your current account. 

Bank of Brazil 

In principle, in order to open such an account with Banco do Brasil, you need to be a client or employee of the institution. So, if you meet one of these requirements, go to the official website and follow the opening process. If you prefer, you can go to a branch in person. 

To send or receive money into your account, it's important to bear in mind that operations are available for a fee. In other words, customers need to pay some fees, such as the fee for receiving an international transfer. 

C6 Bank

C6 Bank is one of Brazil's largest fintechs. Consumers have access to a global account, meaning it's a great alternative to international digital accounts. 

The process of opening the account, as well as issuing the debit card, takes place for a fee of US $30. 

The institution does not charge any fees for account maintenance. Once they have created a new account, customers can make any financial transactions they wish, such as purchases, withdrawals, deposits, sending and receiving money from abroad. 

Normally, you need to present certain documents to open these accounts, such as: proof of income, copies of official documents, proof of residence and initial deposits.