A Nomad is a fintech which stands out for offering a global digital account and one international debit card in dollars.
Ideal for frequent travelers, the account allows you to make purchases and withdrawals in more than 180 countries, with reduced rates and no annual fee.
All management is done via the app, available for android It is iphone.
Additionally, Nomad offers unique perks like competitive exchange rates, free withdrawals from partners, and money management features.
Find out if the Nomad Account Is it worth it and how it can make your international travel easier?
Nomad Account: A Complete Guide to the International Card
Introduction
A Nomad Account emerges as an innovative option for those who want a practical and economical solution to manage their finances when traveling internationally. This guide provides a detailed overview of how this fintech works, its benefits and how it compares to other options on the market.
What is Nomad?
A Nomad Nomad is a fintech that offers a global digital account and an international debit card in dollars. Available in Brazil since 2019, Nomad allows you to make investments in the American financial market and other banking transactions with reduced fees. All of this can be managed through a single app, available for Android and iPhone devices.
How does the Nomad Account work?
A Nomad Account operates in a fully digital manner, making life easier for those who travel frequently or have business abroad. Through the app, it is possible to:
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- Make foreign exchange transactions
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- Make international investments
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- Use your debit card in over 180 countries
Nomad Card Benefits
O Nomad Card It is especially advantageous for frequent travelers, offering:
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- Reduced rates exchange rate
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- Free withdrawals at MoneyPass ATMs
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- Exclusive discounts at Nomad Shop
Additionally, digital nomads, Brazilians working abroad and investors can benefit from the possibility of buying dollars, receiving salaries in other currencies and accessing various asset classes in the North American market.
How to Open a Nomad Account?
Open a Nomad account It is a simple and completely online process. Here's how to do it:
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- Download the app from Nomad on the Google Play Store or App Store.
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- Fill out the form with your personal data.
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- Send a selfie and a photo of your official document (ID, driver's license or passport).
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- Validate your device following the safety instructions.
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- Accept the terms of application usage.
After data verification, which can take up to one business day, your account will be ready to use.
Nomad Card Fees and Rates
One of the great advantages of Nomad Card is the absence of account opening and maintenance fees. In addition:
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- Free withdrawals on the MoneyPass network, with a limit of up to US$$ 500 per day.
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- US$ rate 5 for withdrawals at other ATMs.
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- Operating rate up to 2%, depending on the customer's level in the Nomad Pass program.
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- IOF of 1.1% when sending money to the account.
Transferring Money to the Nomad Account
To transfer money to the Nomad account, follow these steps:
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- Access the application and tap “Add Money”.
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- Indicate the value in reais and see how many dollars you will receive.
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- Send a TED or Pix from your national bank to Nomad's designated account at Ourinvest bank.
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- The amount in dollars will be credited to your account within one business day.
Remember that the minimum value for this operation is R$ 50.
Security and Reliability
A Nomad is regulated by the Central Bank of Brazil and its accounts are opened in partnership with an American bank that is a member of the FDIC, guaranteeing support to customers. In addition, the fintech offers:
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- Two-step verification
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- Transaction monitoring in real time
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- Fraud protection with EMV chip on the card
Comparison: Nomad vs Wise
A common question among users is choosing between the Nomad Card and the Wise. Both fintechs offer free account opening and advantageous exchange rates, but there are some important differences:
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- Wise allows balances in up to 40 different currencies, while Nomad only operates with dollars.
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- Wise does not charge to deliver the physical card in Brazil.
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- Nomad offers free withdrawals on the MoneyPass network, while Wise charges a fee per transaction.
Common questions
Is the Nomad card worth using?
– Yes, especially for those traveling abroad. It offers reduced fees and free withdrawals on the MoneyPass network.
What is Nomad?
– Nomad is a fintech that offers global digital accounts and international debit cards.
What are the fees associated with the Nomad card?
– There is no opening fee or annual fee. Withdrawals outside the MoneyPass network have a fee of US$$5.
How do I open a Nomad account?
– Download the Nomad app, fill out the form with your personal details and documents, and that’s it.
Nomad or Wise card: which is better?
– It depends. Nomad has free withdrawals on MoneyPass; Wise offers multi-currency accounts and more payment methods.
