Banco Nomad: Convert Real Using the App

I'm going to tell you a little about this Nomad Bank, which is becoming popular, especially for those looking at the United States.

In fact, it is not a “physical” bank like those we know here in Brazil, with a branch on the corner.

Nomad Bank debit card

With this account, you get an international debit card, which you can use to buy and withdraw money when you travel to the USA.

Nomad is more like a digital platform that helps us access financial resources in the US, even when we live here.

It's great because the exchange rate is usually better than that of a currency exchange office or regular credit card for travel.

Look, Banco Nomad is very practical for those who want to have a foothold in the United States without leaving Brazil. For those of us who are simple, it offers a digital dollar account that you can quickly open on your phone.

Additionally, through their platform, you can invest money in the United States, in shares of large companies, for example. It's a way to diversify and make your money earn interest in dollars.

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Basically, Nomad makes life easier for us to spend and invest in dollars in a simpler and, often, more economical way.

You know that idea, first of all, of having a dollar account? Nomad makes that easy; it's like opening a digital account in the United States.

This is a much easier option than going to a traditional American bank, which tends to ask for a lot of complicated things, especially for those who don't live there.

With this Nomad account, you can save and use your money in dollars, which is super useful for those traveling or shopping online on foreign websites.

Nomad Bank Exchange Rates

Instead of paying that high international credit card tax (IOF) in short
or the tourist exchange rate. With Nomad, you usually pay a lower IOF tax and use the commercial exchange rate, which is usually more advantageous.

They give you a debit card, which can be physical to use on the machine abroad, or virtual to buy online here in Brazil.

Furthermore, Nomad also opens the door to investing in the United States. Many people consider investing abroad because the economy is strong, there are renowned companies, and the currency is strong.

Through their platform, you can invest in stocks of large companies (like Apple and Google), funds, and other options. It's a way to diversify your money and not leave it all here in Brazil.

Security is a concern. The money you save and invest through Nomad is held in banks and brokerages in the US. Therefore, it is subject to the current laws of that country.

In the United States, there are systems that protect customers' money (such as the FDIC for accounts and the SIPC for investments, within certain limits.

So, security is in their rules, their platform also has security so you can use the app without fear.

In short, Nomad is a tool that makes life easier of those who want to have a financial relationship with the United States.

Whether it's to travel cheaper, buy online without surprise fees, or put your money to work in a different market.

It's like having a slice of American financial services in the palm of your hand, without leaving Brazil or facing the bureaucracy of non-resident banks. It's an interesting option for those who want to go beyond the basics here in Brazil.

Card: Travel to over 180 countries

The travel card with savings of up to 10% from Banco Nomad is a good option for those going to the United States or going shopping.

It works in conjunction with that dollar account you open with them, in a very simple way. You know when you travel and the exchange rate when you pay is scary? With the Nomad card, you can send reais to a dollar account right here in Brazil, with an exchange rate that's usually better.

In the US, you use a direct debit card, just like an American. This saves you a lot on fees, like the IOF (Tax on Financial Transactions), which is lower than the standard international credit card fee.

You can use it almost anywhere, buy online, and have greater control over how much you're spending in dollars. It's more practical and economical for your travels or online purchases.

Receive payment through Nomad Bank

Receiving payments from abroad with Nomad is a huge help for those who work abroad, freelance for foreign companies, or sell something and receive payments from other countries.

You know that money that comes from abroad? With Nomad, you can receive it directly into your digital dollar account. Much less complicated than the banks of yesteryear.

It's faster and usually cheaper in fees than standard international transfers. Plus, the money arrives in dollars in your Nomad account.

You decide whether to keep your money in dollars to use for travel or investing, or exchange it for reais and send it to your bank account in Brazil. While everything is done quickly and easily through the app, it makes life much easier for those who earn income from abroad!

Invest abroad and your money will work in dollars

Investing abroad is also like spreading your money thin so it doesn't all stay in one place. If the economy here is shaky, your money abroad, in dollars for example, may be more stable.

You gain access to giant companies, as well as markets different from our own. It's a way to protect your assets from our comings and goings and seek greater security and growth opportunities for your future.

Think about it for your peace of mind!

What a great idea to invest abroad! Putting your money to work in dollars in the United States is a way for it to grow in a strong currency.

It's like not putting all your eggs in one basket, you know? You diversify, take advantage of a huge market, and can protect your assets from local instability.

Is it a bank or a fintech?

Nomad is more than a bank or just a fintech. It's a digital platform (like a fintech) that gives you access to banking services in the US, using regulated partners.

It makes your life easier with dollars and investments abroad. It's fintech technology, with the security of local banking partners.

It's now easier to get started with new platforms. Your dollars are working for you!