Neon review

The monthly fee is BRL 0, so the account itself costs nothing to keep. Free ATM withdrawals are capped at an allowance of BRL 0, and spending depends on the network you use.

Neon charges a currency conversion fee of 10.5% on conversions. That is the main cost to watch, so the account suits people who hold several currencies rather than people who convert every purchase. Spending in the local currency avoids the charge.

Neon issues a debit card, listed as debit, rather than a prepaid one. The legal entity behind it is Neon Pagamentos, and it is based in Brazil.

Neon is regulated by Banco Central do Brasil in Brazil. The account is run by Neon Pagamentos, which was founded in 2016 and is headquartered in Brazil.

Yes. The account is listed as multi-currency with a virtual card option, so you can hold more than one currency and add an online card alongside the physical debit card. That makes it a workable everyday card rather than a single currency account.

Free ATM withdrawals are available with an allowance of BRL 0. Once that allowance is used, further withdrawals are charged, so the free part is aimed at light cash use rather than frequent cash needs.

Help runs through help centre only, so questions are answered by reading the help centre rather than by live chat or a phone line, which suits people comfortable working through documentation before they get an answer.

Yes, Neon is headquartered in Brazil and is licensed by Banco Central do Brasil there. The monthly fee of BRL 0 and the free ATM allowance of BRL 0 are set out on its Brazilian tariff page.