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Bank Wallet

Your Global Wallet 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.

Fees

We charge nothing to open and maintain your Passolio Bank Wallet. Other fees may apply when:

Depositing and withdrawing in Brazilian Reais:

  • TED and PIX deposit: 1.45% + IOF 1.1%
  • TED withdrawal: 1.45% + IOF 1.1%
  • Brazilian credit or debit cards deposits: 4.42% + IOF 1.1%

Depositing and withdrawing in US Dollars:

  • ACH transfers are free for sending and receiving
  • Same day ACH outgoing transfers cost US$2 / transaction
  • Incoming WIRE transfers are free
  • Outgoing WIRE transfers within the US cost $10
  • Outgoing WIRE transfers outside the US cost $55

Withdrawing US Dollars with physical PassCard via Allpoint ATM machines:

  • 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 fund my Bank Wallet?

ACH Deposit information:

  • Bank name: Evolve Bank & Trust
  • Bank Address: 6070 Poplar Ave Suite 200, Memphis, TN, 38119
  • Beneficiary Name: Your Complete name as registered at Passfolio
  • Beneficiary Account Number: Your account number is a unique number that can be found on the deposit screen of your Bank Wallet in the app/web.
  • Routing Number: Your account number is a unique number that can be found on the deposit screen of your Bank Wallet in the app/web.
  • Beneficiary Address: Your complete address as registered at Passfolio

WIRE Deposit information:

  • Bank name: First National Banker’s Bank
  • Bank Address: 7813 Office Park Blvd, Baton Rouge, LA 70809
  • SWIFT code: FNRAUS44
  • Beneficiary Name: Evolve Bank & Trust
  • Beneficiary address: 6070 Poplar Ave Suite 200, Memphis, TN, 38119
  • Beneficiary Account Number: Your account number is a unique number that can be found in the deposit screen of your Bank Wallet in the app/web.
  • Reference/Memo ID: This reference should be added exactly as it appears in the deposit screen of your Bank Wallet in the app/web.

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 wallet with cash from crypto or stock wallet:

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

Will my funds be insured?

Yes! We always seek the safety of your assets, so both your Bank Wallet and your Stock Wallet 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 Wallet (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/

Holding Period

There is no holding period for funds transferred to your bank wallet.

Limits and minimums

There is a US$20,000 limit on transfers to/from your Passfolio account, after which you’ll be requested your last valid Tax Declaration and receipt to be able to keep depositing/withdrawing

For ACH outgoing transfers, there is a daily limit of US$10,000, a monthly limit of US$30,000 and a yearly limit of US$300,000

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

Time to reach your account

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

SUGGESTED READINGS

Bank Wallet 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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