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Brazilian neobank C6 launches global account that allows investments abroad

Through the account, Brazilians will be able to access stock exchanges and funds from all over the world through the bank's app

C6 Bank logo displayed on mobile phone
Photo: Piotr Swat/Shutterstock
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  • The global investment account has a dollar balance and is headquartered at the C6 Bank branch in the Cayman Islands;
  • The account allows the purchase and sale of shares on stock exchanges such as Nasdaq and the NYSE, investment in fixed income products such as bonds, and in foreign funds;
  • The assets offered by the platform, as well as the recommendation of shares, are curated by partners with global expertise, says C6.

This week, the Brazilian neobank C6 Bank launched a global investment account through which the client will be able to manage local and external investments on a single platform, having access to assets from all over the world through the bank’s app, without the need for a brokerage account or foreign bank.

The new product targets high-income customers. According to Romildo Valente, head of investments at C6 Bank, the global investment account makes the neobank‘s platform more competitive when Brazilian investors are looking to diversify their portfolio with investments in the foreign market, either because the Brazilian interest rate is falling, either to protect the portfolio from domestic economic instability.

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According to fintech, with the global account, the customer will be able to access international market assets, manage investments in local currency (reais), the account, and the credit card through the same app.

How it works – The global investment account has a dollar balance and is headquartered at the C6 Bank branch in the Cayman Islands. The account allows the purchase and sale of shares on stock exchanges such as Nasdaq and the NYSE, investment in fixed income products such as bonds, and in foreign funds. The assets offered by the platform, as well as the recommendation of shares, are curated by partners with global expertise, says C6.

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The cost of the global investment account to the client is $ 500 per year, plus a fee of 0.1% to 0.6% on the amount sent to the account abroad. In the case of funds, there is also a transaction cost, which is $ 28 to invest or redeem.