Banco PAN vs Discovery Bank.
Banco PAN (B75/100) and Discovery Bank (D45/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Banco PAN leads Discovery Bank 4-2.
| B Banco PAN №21 · BACEN 75 /100 | D Discovery Bank №82 · SARB 45 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 75 /100 | 45 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €95 /mo |
| FX markup Debit card abroad | 3.00% | 1.50% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank BACEN | Payment inst. SARB |
| Deposit guarantee Per depositor | €250,000 BR.FGC | Safeguarded ZA.CODI |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 1 country |
| Crypto Coins available | No | No |
| Stocks & ETFs Self-directed | Yes | Yes |
| UX | ||
| Trustpilot Customer score | — | — |
| App store iOS + Android avg | 4.5 ★ iOS 4.5 · And 4.4 | 4.5 ★ iOS 4.6 · And 4.4 |
| Read review → | Read review → | |
Pick Banco PAN if…
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 Discovery Bank if…
Premium ZA digital-first bank backed by JSE-listed Discovery Group. SARB full-bank licence since 2019. Vitality Money behavioural-banking model — your rates and rewards rise with healthy financial behaviour, integrated with Discovery Health/Life. CODI cover. The only ZA digital bank with a serious premium-tier offering (Black tier with metal card, lounges, Vitality Travel).
- Best for fees Tied
- Best for protection Banco PAN won 2 of 2
- Best for reach Tied
- Best for ux Discovery Bank won 1 of 2
Banco PAN vs Discovery Bank — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Banco PAN better than Discovery Bank?
Under our v3 methodology, Banco PAN leads Discovery Bank 4–2 across 12 dimensions. Composite scores: Banco PAN 75/100 vs Discovery Bank 45/100. Banco PAN 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 Discovery Bank cheaper?
Monthly fee — Banco PAN: €0; Discovery Bank: €95. Card FX markup — Banco PAN: 3.00%; Discovery Bank: 1.50%. Tied across fee rows. See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Banco PAN or Discovery Bank?
Banco PAN holds a Full bank licence under BACEN; deposit guarantee per depositor: €250,000. Discovery Bank holds a Payment inst. licence under SARB; deposit guarantee per depositor: Safeguarded. Banco PAN is the stronger pick on regulatory protection.
Where can I use Banco PAN and Discovery Bank?
Banco PAN operates in 1 country; Discovery Bank operates in 1 country. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
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