Nubank PJ (Conta PJ)
Bottom line
Nubank PJ (Conta PJ) is a free business bank account from Banco Nu S.A. - a licensed bank with FGC deposit protection to BRL 250,000. No monthly fee, outstanding app, best for MEIs and small businesses.
| Rating | 4.4 / 5 |
|---|---|
| Type | Licensed bank (Banco Nu S.A.) |
| Best for | Small businesses wanting a free, fully digital Conta PJ |
| Serves | Brazil-registered companies (CNPJ holders) |
| Deposit protection | FGC (Fundo Garantidor de Creditos) up to BRL 250,000 per CNPJ per institution |
| Pricing from | Free (Conta PJ is free; optional services charged separately) |
Nubank is Brazil’s largest digital bank and one of the biggest fintechs in the world. Its business account, the Conta PJ, brings the same zero-fee philosophy that made its consumer card famous to small business owners and freelancers. Since 2021, Nubank has held a full banking licence (Banco Nu S.A.), which changes its regulatory standing significantly compared to payment institutions.
With tens of millions of consumer users already on the platform, Nubank’s appeal to the business segment is obvious: familiar app, no monthly fee, and the peace of mind of dealing with a licensed bank. Here is what small businesses in Brazil should know before opening one.
Is Nubank PJ available for Brazilian businesses?
The Conta PJ is open to MEIs (Microempreendedor Individual), MEs (Microempresa), EPPs, and Ltdas registered in Brazil with a valid CNPJ. Sole traders and small companies with relatively straightforward structures tend to be approved quickly through the app. Larger or more complex corporate structures may face additional document requirements or may not be served at all. Opening is done entirely via the Nubank app using your CNPJ, Contrato Social or CCMEI, and the partner IDs.
Regulatory status and deposit protection – read this first
Nubank operates in Brazil as Banco Nu S.A., a licensed bank regulated by the Banco Central do Brasil (Bacen). Because it holds a full banking licence, deposits held in a Conta PJ are eligible for protection under the Fundo Garantidor de Creditos (FGC) up to BRL 250,000 per CNPJ per institution (subject to FGC rules and any cumulative limits across accounts at the same institution). This is the statutory deposit-guarantee scheme covering licensed banks in Brazil, equivalent to the FDIC in the US or the FSCS in the UK. The FGC guarantee applies to demand deposits and savings; confirm the specific product rules directly with Nubank and the FGC at fgc.org.br. As with any bank guarantee scheme, protection is capped and applies per institution, not per account.
Pricing and plans
| Plan / Service | Monthly cost | Notes |
|---|---|---|
| Conta PJ account | Free | No monthly fee; no minimum balance |
| Nubank PJ card (Visa) | Free | Credit limit subject to approval |
| Pix transfers | Free | Unlimited via the app |
| TED/DOC outbound | Indicative: R$ 2-5 per transfer | Confirm current pricing with Nubank |
| Boleto (cobranca) | Indicative: R$ 3-5 per boleto | Confirm current pricing with Nubank |
Fee schedules change; confirm current pricing at nubank.com.br before opening.
Key features for small businesses
- Free Conta PJ with no monthly maintenance fee
- Nubank PJ Visa credit card (subject to credit approval)
- Full Pix integration for instant, free transfers and receipts
- Boleto collection for billing customers
- Integrated invoicing and NF-e management (via app and integrations)
- Business spend dashboard and categorised transactions
- 24/7 in-app customer service (chat-based)
- Multi-partner management for accounts with more than one socio
Pros
- Fully licensed bank – FGC deposit protection up to BRL 250,000
- No monthly fee on the current account
- Huge, established user base – widely accepted by partners and accountants
- Excellent mobile app with intuitive UX
- Fast, largely automated CNPJ onboarding for simple structures
- Free and unlimited Pix
Cons
- Customer service is app/chat only – no branch or phone support
- Credit card limits can start low for new businesses
- Some fees apply to TED and boleto that are free at some competitors
- Limited investment or treasury products compared to BTG or Inter
- Not ideal for complex corporate structures or high-value business banking needs
Who should use Nubank PJ?
Nubank PJ is the default choice for MEIs, freelancers, and early-stage small businesses that want a free, reliable, fully digital Conta PJ with the security of a licensed bank and FGC protection. It is particularly well-suited to anyone already using Nubank personally, given the unified app experience. Businesses that need a credit card with a meaningful limit from day one, heavy boleto volume at no cost, or dedicated relationship managers should compare alternatives.
Verdict
Nubank PJ earns a 4.4 out of 5 for its combination of zero monthly fees, full banking licence (FGC protection), and arguably the best digital banking app in Brazil. The main downsides are limited credit capacity for newer businesses and the absence of in-person or phone support. For most MEIs and small Ltdas seeking a free everyday business account, it is the natural starting point.
Fees, features, and FGC eligibility rules can change. Always confirm current terms on Nubank’s official website (nubank.com.br) and the FGC website (fgc.org.br) before opening an account.