Gringoes.com: monthly account fees at banks

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Caiprinha
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Topic: monthly account fees at banks
Posted: 01 July 2012 at 23:41

can anyone comment on the fee structure please? I think HSBC premier is 55 reais a month. What about Itau/Bradesco/Santander. Thanks

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Gringo.Floripa
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Posted: 01 July 2012 at 23:48

If you qualify for HSBC Premier, there are no fees, they are waived.

I might bark, but I don't bite.

(trolls, sock puppets, Brasil-bashers, and "Joined:Today" persons too lazy to use the Search function excluded; cry babies too)

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Caiprinha
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Posted: 02 July 2012 at 00:23

the lady at the branch told me there was a fee for hsbc premier. u use hsbc premier and don't pay?

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Bubbles
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Posted: 02 July 2012 at 05:51

Originally posted by Caiprinha

the lady at the branch told me there was a fee for hsbc premier. u use hsbc premier and don't pay?

There are different ways of qualifying - one being having a minimum balance. If your balance dips below this threshold, you pay a fee...

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Gringo.Floripa
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Posted: 02 July 2012 at 11:01

Originally posted by Caiprinha

the lady at the branch told me there was a fee for hsbc premier. u use hsbc premier and don't pay?

Correct, I don't pay any fees. Yet as Bubbles indicated, if your balance drops below ??? then you'll pay. If possible, put a chunk in a CDB, so your balance won't ever drop below the minimum. And instead of paying the bank, they'll be paying you! Wink

I might bark, but I don't bite.

(trolls, sock puppets, Brasil-bashers, and "Joined:Today" persons too lazy to use the Search function excluded; cry babies too)

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andrewfroboy
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Posted: 02 July 2012 at 13:59

Get an iConta and pay nothing, i have an Itau one, pay no fees, can't walk into a bank for anything, but why would i want to do that, never had the need to do so before in the US, no need here either

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Caiprinha
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Posted: 02 July 2012 at 14:53

What can you do with the itau iconta? You can get wires from the US at a good rate and withdraw cash from ATMS?

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andrewfroboy
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Posted: 02 July 2012 at 15:56

why not withdraw cash straight from a Charles Schwab US account? That is what I do, only reason I would ever wire is if I needed a large quantity of money in a really short period. I pulled out R$30,000 in a month R$1,000/day when i needed it. Significantly cheaper than wires.

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Caiprinha
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Posted: 02 July 2012 at 16:11

How do I get cash from a Charles Schwab US account in Brazil? I don't get its relevance here.

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andrewfroboy
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Posted: 02 July 2012 at 16:23

No fees, just go to any (I always use HSBC because it has no/low fees)ATM machine with your US card, withdraw money and it comes straight from your US account, much cheaper/easier than wiring money.

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