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№02 · HEAD-TO-HEAD · Edition №08 · Updated 11 March 2026

Banco PAN vs Nubank.

Banco PAN (B75/100) and Nubank (N72/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Nubank leads Banco PAN 4-2.

Quick verdict Nubank 4–2
Score 10 of 1
Fees 10 of 4
Protection 00 of 2
Reach 02 of 3
UX 02 of 2
Banco PAN Nubank
Banks compared 2 banks · 12 dimensions
B Banco PAN 75/100 N Nubank 72/100 + Add a third bank
Tally · who wins more rows12 dimensions compared
BBanco PAN
24 tie · 6 loss
NNubank
44 tie · 4 loss
Winner: Nubank Closest gap: 2rowsEdition №08
B
Banco PAN №20 · BACEN 75 /100
N
Nubank №25 · BACEN 72 /100
Score
Composite score Out of 100 75 /100 72 /100
Fees
Monthly fee Cheapest paid tier (€0 if free) €0 Free tier €0 Free tier
FX markup Debit card abroad 3.00% 4.00%
Free FX / month EUR equivalent €0 €0
Free ATM Before fee kicks in
Protection
Banking licence Tier Full bank BACEN Full bank BACEN
Deposit guarantee Per depositor €250,000 BR.FGC €250,000 BR.FGC
Reach
Markets served Licensed jurisdictions 1 country 3 countries
Crypto Coins available No 5 coins
Stocks & ETFs Self-directed Yes Yes
UX
Trustpilot Customer score 3.1 ★ 2k reviews
App store iOS + Android avg 4.5 ★ iOS 4.5 · And 4.4 4.8 ★ iOS 4.9 · And 4.8
Read review Read review

Pick Banco PAN if…

Banco PAN №20

Brazilian full bank, BACEN-licensed since 1969 (digital pivot 2018). BTG Pactual majority owner since 2021. B3-listed. ~28M customers. FGC cover. Adds full-bank diversity to Nubank/Inter/C6 in BR; differentiates by payroll-deductible lending heritage.

Pick Nubank if…

Nubank №25

Pick if you bank in Brazil and want the dominant local digital bank with full BACEN supervision.

Best at a glance Axis-by-axis winner — ties skipped.
  • Best for fees Banco PAN won 1 of 4
  • Best for protection Tied
  • Best for reach Nubank won 2 of 3
  • Best for ux Nubank won 2 of 2
Frequently asked

Banco PAN vs Nubank — FAQ

Quick answers to the four questions the search-bar asks most about a head-to-head.

Is Banco PAN better than Nubank?

Under our v3 methodology, Nubank leads Banco PAN 4–2 across 12 dimensions. Composite scores: Banco PAN 75/100 vs Nubank 72/100. Nubank is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.

Is Banco PAN or Nubank cheaper?

Monthly fee — Banco PAN: €0; Nubank: €0. Card FX markup — Banco PAN: 3.00%; Nubank: 4.00%. Banco PAN wins more fee rows (1 of 4). See the Fees section of the matrix above for ATM caps and the rest.

Which is safer for deposits, Banco PAN or Nubank?

Banco PAN holds a Full bank licence under BACEN; deposit guarantee per depositor: €250,000. Nubank holds a Full bank licence under BACEN; deposit guarantee per depositor: €250,000. Both score equally on regulatory protection rows.

Where can I use Banco PAN and Nubank?

Banco PAN operates in 1 country; Nubank operates in 3 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.

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