A new digital bank lands in the US market. Learn about the products Nubank launched in the US and see if they fit what you’re looking for.
AT A GLANCE
What products did Nubank launch
Nubank enters the US with a set of products built for everyday finances.
Nu Account
An account paying 3.50% APY, with no minimum balance. The rate can rise to 4.50% on up to $10,000 when combined with the credit card.
Nu Credit Card
A Mastercard with no annual fee and 1.5% unlimited cashback, with potential to reach 2%.
Free remittances
Free international money transfers, currently available to Brazil, Mexico and Colombia.
Nu Global
A multi-currency account backed by stablecoins, earning yield in dollars and euros, with transfers to more than 35 countries.
Our verdict
It may be worth it if…
- ✓ You regularly send money to Brazil, Mexico or Colombia
- ✓ You want an account with yield and no minimum balance
- ✓ You already use Nubank products in another country
- ✕ You’d rather wait for the bank’s own charter
- ✕ You need to send money to countries not yet covered
- ✕ You’re looking for terms that are already fully settled
Can you open an account yet?
Not immediately. The official site (nu.com) currently works as a waitlist: you leave your email, name and country to be notified when account opening becomes available. The products have been announced, but full access to the app isn’t open to everyone yet.