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Reviews / Banco PAN Edition №07 · 11 March 2026 · 1,700 words

Banco PAN,
reviewed.

Brazilian full bank, BACEN-licensed since 1969 (digital pivot 2018). BTG Pactual majority owner since 2021. B3-listed (BPAN4). ~28M customers.

Editor
Stephan Kulik
Founded
1969
EU customers
28.0 M
min read
7 / ~1,700
Disclosure Banco PAN does not pay us a referral fee. This review is purely editorial. See the methodology → banco-pan · no_commission
86/100
Banco PAN is a chartered Brazilian bank — BACEN-licensed since 1969, FGC member, BTG Pactual majority owner.
Rank #22 / 60LatAm digital full-bank
CategoryLatAm digital full-bank
LicenceFull
Banco PANEdition №07
Licence
Full credit institution
BACEN (Banco Central do Brasil)
Deposit protection
BRL 250,000 (FGC)
FGC (Fundo Garantidor de Créditos)
Customers (EU)
28.0 M
As of 2026-Q1 — // TODO(verify)
IBAN
BR (BRL)
BRL primary; full-bank current accounts
01
Reviews

Banco PAN, in full.

What Banco PAN is, in 2026

Brazilian full bank, BACEN-licensed since 1969. Digital pivot 2018 under BTG Pactual ownership (majority stake from 2021). B3-listed (BPAN4); ~28M customers; ~€8B in assets.

Safety and regulation

Direct BACEN full-bank licence; FGC member with R$250,000 per-depositor per-institution cover.

Who Banco PAN is for

Use Banco PAN if: you're a BR resident wanting a chartered full bank with BTG Pactual investment-bank pedigree. Use Nubank for mass-market reach; Inter or C6 for super-app.

02
Pricing

Banco PAN's plans, side by side.

PAN Conta
Custom /mo
Free — full bank
  • Free — full bank
03
Scorecard

How we got to 86.

86/100
Same six dimensions we apply to every neobank in the index. Weights published; unchanged within an edition.
Regulation & safetyLicence class · DGS · resilience
25%88
Pricing & feesTransparent and competitive
20%88
Hands-on UXExtended primary-account test
20%85
FeaturesVaults · stocks · crypto · insurance
15%90
App stores iOS 4.5 · Android 4.4
10% 89
04 — Verdict

Brazilian full-bank diversifier alongside Nubank/Inter/C6.
BACEN-licensed, BTG Pactual–backed, B3-listed. Payroll-deductible lending heritage.

Banco PAN is a Brazilian full bank — BACEN-licensed since 1969 (digital pivot 2018). BTG Pactual majority owner since 2021. B3-listed (BPAN4). ~28M customers; ~€8B in total assets; ~4,500 employees. Free PAN account, PAN Investimentos brokerage (Stocks/ETFs/FIIs/Funds), CDBs ~110% CDI, FGC R$250,000 per-depositor cover. Adds full-bank diversity to Nubank/Inter/C6 in BR; differentiates by payroll-deductible lending heritage. Use Banco PAN if you want a chartered BR full bank with BTG Pactual investment-bank pedigree. Use Nubank if mass-market reach matters; Inter or C6 if you want Stone-style super-app integration.

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Edition №07 · Updated 11 March 2026