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Bank Account/PassCard (USA & Brazil Only)

Your Global Account Dollarized is your new US spending account. No opening, issuing or maintenance fees. No monthly or annual fees. No credit analysis. This is the beginning of a new phase in your financial life: international. All of this integrated with Passfolio’s already diverse nature of services.

PassCard is your new MasterCard international debit card in dollars, which is linked to your bank account. It can be used in any country/establishment that accepts MasterCard. In order to use it on your next international purchases, you just need to make a deposit!

Fees

  • Is there a cost for opening the account? No, ZERO COST!
  • Do you have an annual fee or maintenance fee? No, ZERO COST!
  • Is there a fee when I buy in a currency other than the dollar? No, ZERO COST!

Here you can check the conversion to your local currency used by MasterCard.

The physical PassCard is only available for clients who have deposited at least R$10,000 at Passfolio via TED/PIX (PassCard, Stocks, Crypto, or PassEarn combined). Remember that the digital card is free and already available as soon as you finish creating your bank account/PassCard.

  • Standard delivery - FREE - 4 to 9 weeks
  • Express delivery - US$25 - 1 to 2 weeks

Please see the costs with deposits and withdrawals below:

Depositing and withdrawing in Brazilian Reais:

  • TED and PIX deposit: 1.9% + IOF 1.1%
  • TED withdrawal: 1.9% + IOF 1.1% + R$ 2.00

Depositing and withdrawing in US Dollars:

  • ACH deposit: $ 0.00
  • WIRE deposit: $ 0.00
  • Withdrawals to American banks: $ 10

Withdrawing US Dollars with physical PassCard at Allpoint ATMs:

  • All USD withdrawals made through Allpoint ATMs are free and unlimited (Find an Allpoint ATM near you)
  • Withdrawals made through other ATM networks cost US$3 + network fees

How to deposit into my Bank Account/PassCard?

ACH/US Wire Deposit information:

  • Account: Your complete name
  • Bank: Evolve Bank & Trust
  • Routing number: 084106768
  • Account number: Your account number is a unique number that can be found in the deposit screen of your Bank Account in the app/web.
  • Account type: Checking
  • Bank address: 6070 Poplar Ave Suite 200, Memphis, TN 38119

International US Wire Deposit information:

  • Account: Your complete name
  • Intermediary Bank: First National Banker's Bank
  • SWIFT code of Intermediary Bank: FRNAUS44
  • Beneficiary Bank: Evolve Bank & Trust
  • Routing number: 084106768
  • Account number: Your account number is a unique number that can be found in the deposit screen of your Bank Account in the app/web.
  • Bank address: 6070 Poplar Ave Suite 200, Memphis, TN 38119

TED Deposit information:

  • Name of beneficiary: Facilita Pagamentos S/A
  • CNPJ: 10.789.035/0001-05
  • Bank: Banco Genial (125)
  • Branch ID: 0001
  • Account number: 374658-5
  • Beneficiary: Other beneficiary
  • Purpose: Credit to checking account

PIX Deposit information:

  • PIX key: passfolio.bank@facilitapay.com

Fund your bank account with cash from crypto or stock account:

  • Simply open your app, go to the transfer tab, and select move funds. After that you just need to select your bank account as the destination and choose the account from which you would like to transfer. The transfer is free and can take between 1-2 business days.

Time for deposits to be credited

TED/PIX: The estimated time for the money to reach your account is typically between 10-30 minutes when the deposit is made Monday through Friday (except holidays) between 5am and 10:30am PST. There can still be bank delays but we will be crediting deposits ASAP.

ACH: 1-2 business days

WIRE: 3-5 business days

Move funds from other wallets: 1-2 business days

Will my funds be insured?

Yes! We always seek the safety of your assets, so both your Bank Account and your Stock Account are insured by US institutions.

Passfolio Banking services are provided by our partnership with Synapse and its bank partner Evolve Bank & Trust. Evolve Bank is a member of FDIC (Federal Deposit Insurance Corporation), which protects assets of its customers up to US$250.000 by depositor, by depository institution, insured for each category of account ownership. For additional information about FDIC insurance coverage, visit the website https://www.fdic.gov/

Your Stock Account (and its security products and services) are provided by Passfolio Securities LLC, member FINRA/SIPC, and is insured by SIPC (Securities Investor Protection Corporation), which protects securities customers of its members up to US$500.000 (including US$250.000 for claims for cash). Explanatory brochure available upon request or at https://www.sipc.org/

Integrating your PassCard to a digital wallet in your smartphone:

Your PassCard can be integrated with your favorite digital wallet (Apple Pay, Google Pay, Samsung Pay, etc). Please see instructions here.

What is PassCard’s label/flag?

Your PassCard is a Mastercard Gold international debit card.

Limits and minimums

There is a $20,000 limit for reais transactioned via TED or PIX, after which you’ll be requested your last valid Tax Declaration and receipt to be able to keep depositing/withdrawing. Also if the withdrawal amount is larger than the amount deposited, additional tax documentation will be requested. 

For ACH outgoing transfers, there is a daily limit of US$25,000, a monthly limit of US$250,000 and a yearly limit of US$1,000,000

For ACH incoming transfers, there is a daily limit of US$25,000, a monthly limit of $250,000 and a yearly limit of US$1,000,000

For International WIRE outgoing transfers, there is a daily limit of US$100,000, a monthly limit of US$250,000 and a yearly limit of US$1,000,000

For International WIRE incoming transfers, there is a daily limit of US$100,000, a monthly limit of $1,000,000 and a yearly limit of US$1,000,000

All the limits and fees related to the bank account/PassCard can be found here.

SUGGESTED READINGS

Bank Account and PassCard Transactional Fees and Limits

Manually Adding your PassCard to a Digital Wallet

Access your smartphone’s digital wallet, and follow the instructions below.

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