Is it possible to open an account with just a CPF? 

The CPF (Brazilian Individual Taxpayer Registry) is the main document for Brazilians, but is it possible to open a bank account using only the CPF? Read on to find out!

Digital accounts are simple to open and quick to approve. During the pandemic, they became a craze in Brazil and are already used by millions of Brazilians.

However, some people still have many questions about digital accounts. One of them is: is it possible to... Open a digital account using only your CPF (Brazilian tax identification number)?

To clear up any doubts and learn more details about virtual accounts, continue reading this text!

See our index below:

• What is a digital account?
• What are the benefits?
• Is it possible to open a digital account using only a CPF (Brazilian tax identification number)?
• Which digital account is easiest to open?
• Which digital account does not need to send documents?
• Which digital account doesn't require a selfie?
• Which digital account opens instantly?
• Is it possible to open an account in someone else's name?
• Conclusion

What is a digital account?

A digital account is like a regular checking account, but it doesn't have a physical branch. Everything is done virtually, from opening the account to resolving various issues.

Furthermore, they are comprehensive and offer many benefits to their customers. Before finding out if you can... Open a digital account using only your CPF (Brazilian tax identification number).Discover below some of the benefits they offer.

What are the benefits of a digital account?

Digital accounts were created to simplify the lives of their users, and also to allow a greater number of people to access financial products and services without bureaucracy.

Therefore, among the main benefits they offer, we can highlight simplicity, ease of opening, and reduced bureaucracy.

Some digital accounts offer complete services, including the possibility of accessing credit lines even if you have a negative credit history or a low credit score.

Apart from that, since there is no physical branch, everything is done in a digital environment, thus eliminating the need to go to a bank branch, face queues and deal with traffic, for example.

Finally, it's worth highlighting that digital accounts are more economical, as most don't have monthly fees, annual fees, or other charges.

In addition to saving money, you can also earn extra money by referring friends, with cashback and many discounts at partner stores.

Is it possible to open a digital account using only a CPF (Brazilian tax identification number)?

It depends. Each financial institution has its own requirements when opening an account, so you might even be able to start opening a digital account by providing only your CPF (Brazilian tax identification number), an email address, and a password.

However, the account will be limited; you certainly won't be able to do anything. To proceed and use the account normally, you will need to provide other information and documents, especially a photo ID.

Why?

In a digital environment where everything is done virtually, the only way to verify that the person requesting the account opening is the same person as the one on the document is through an image.

In this case, to perform the verification they request a photo ID and a selfie. This process is solely to prevent fraud and ensure the security of your data.

If you are searching for how Open a digital account using only your CPF (Brazilian tax identification number). It's either because they don't have the document or they want a simple account to open.

In the case of the first option, I recommend that you obtain a duplicate of your document urgently.

Now, if you're looking for a simple digital account to open because you're not yet sure how it works, don't worry. Below you'll find some options. Digital accounts with easy opening process..

Which digital account is easiest to open?

In this section you will find some options for digital accounts which can be opened easily and with same-day approval. Check it out!

1. Bitz

Bitz This is Banco Bradesco's payment wallet. It's digital and easy to open. Plus, you can earn up to R$20.00 when you open your account, depending on the campaign.

You don't need to do anything, just open your account and the funds will be available for you to use as you wish.

If you want to double or triple that amount, simply participate in the Refer and Earn program and receive money by referring friends.

Another way to earn some extra money in Bitz With cashback, you earn money back on most of your purchases.

Besides that, your balance above R$10.00 earns up to 100% of the CDI, so you earn extra money and can even leave it earning interest in the account without needing to invest it.

2. Iti Itaú

THE Iti digital bank It belongs to the Itaú Group. It also has a very simple, quick, and easy account opening process.

It offers many benefits to its users, some similar or identical to the previous option; for example, we highlight:

• credit card for those with negative credit history;
• Personal loan without bureaucracy;
• zero annual fee;
• Yields of up to 100% of the CDI;
• digital account with no monthly fee;
• Missions program and Refer and Earn program.

To learn more details and open your digital account using your CPF (Brazilian tax identification number), download the Banco Iti app.

3. PicPay

THE PicPay It's one of the best digital accounts currently available and also the best option for getting cashback.

This fintech company also allows its customers to pay for Pix payments and bills in up to 12 installments. Furthermore, it has no annual fees or... rates hidden.

To open your account and request your credit card, download the app.

4. Nubank

THE Nubank It is the second most valuable bank in Latin America, second only to the traditional Itaú Bank.

It's a full-service bank, featuring a great investment platform, NU Invest.

Furthermore, your digital account includes a credit card with no annual fee and the ability to build up your credit limit.

In this option, customers whose credit card application was not initially approved have the opportunity to build a credit limit and thus obtain their card later.

To easily open your Nubank account, download the app.

Which digital account does not need to send documents? 

Opening a digital account is very practical, simple and fast; you don't need to gather and send a lot of documents. 

Most of them do not require, for example, proof of income; in some cases, this is only required when you apply for a credit service. 

Furthermore, they eliminate the need to send proof of address or even a CPF (Brazilian tax identification number); you simply provide your information in a practical way.

Although an identification document such as an ID card or driver's license is required, you do not need to send a photocopy as an attachment; a photo of the front and back of the document is sufficient. 

Therefore, in summary, no digital account requires you to send documents; usually, just a photo is enough. 

However, if you're looking for a digital account that doesn't require you to even send photos of documents, you can try Banqi, the digital account from Casas Bahia.

Some readers reported that they were able to open an account without needing to submit documents; in fact, this was possible when Banqi was first created. 

However, with the rule updates, the app has also started requiring it. Whether you manage to do it or not, let us know! 

Which digital account doesn't require a selfie?

As you can see, when requesting a digital account, you need to send a selfie. This serves as a security step, or rather, it's the biometric signature of the contract. 

Facial recognition can help prevent fraud and scams.

However, many people dislike having their picture taken and find this moment somewhat uncomfortable. 

Surely you've imagined someone on the other side seeing your selfie, right? But rest assured, it's technology; the process is automated. 

Therefore, don't worry about taking a selfie when opening a digital account: it serves to guarantee the security of the parties involved in the transaction. 

Speaking of which, want to find out how to get your selfie approved on the first try? Check out the tips below:

• Stay in a well-lit place, preferably with artificial lighting, as direct sunlight can also be disruptive. 
• Choose a background or wall that is completely bare, especially without picture frames or other images and sculptures.
• The selfie needs to be as similar as possible to the photo on your identification document.
• Do not wear sunglasses, caps, headbands, hats, or anything that covers your head, eyes, and face.
• Only the account holder should appear in the selfie.

Currently, it is very difficult to find a bank that allows Open a digital account using only your CPF (Brazilian tax identification number).Similarly, it's also difficult to find one that doesn't ask for a selfie. 

However, if your goal is a credit card, be aware that Mooba does not require a selfie during registration. 

Which digital account opens instantly?

According to WHO data (2019), Brazil is the most anxious country in the world. Having to wait days to find out if your digital account has been approved can be a trigger for some people. 

One solution to avoid a crisis is to opt for a digital account that opens instantly, meaning you receive approval immediately and can start using your account right away. 

Check out some suggestions below! 

1. Superdigital: the fastest option to open an account using only your CPF (Brazilian tax identification number).

Superdigital is a payment wallet from Banco Santander, and it's one of the pioneers in offering digital accounts for minors and prepaid cards. 

According to data from a survey conducted by the startup Idwall, this account is the most straightforward option when it comes to opening online accounts. 

To open your account, you don't need to prove income or have a clean credit history; the process is simple and quick.

The app has many services and features designed to help you control your spending and payments.

In addition, they are great alternatives to facilitate your financial transactions. Check out some of the services it offers below:

• International Mastercard for withdrawing cash and making purchases worldwide;
• 10 virtual cards for online purchases;
• Quick and easy loan through the app;
• Free and unlimited Pix payments;
• Use the card for subscriptions to apps for games, music, movies, TV series, food, etc.

Download the app and open your Super account; it will be ready for you to start using in a maximum of 7 minutes!

2. PagBank: an option to open an account using only your CPF (Brazilian tax identification number) with a credit card.

With PagBank, you can open your digital account in a maximum of 3 minutes; it's all very quick and simple! 

This digital account includes a credit card, prepaid card, debit card, and an account card so you can easily manage your balance. 

In addition, PagBank offers different loan options and point-of-sale terminals to help you innovate your business. 

The account has no monthly fee and the cards are free of annual fees; besides that, most services have no charges. 

See the Step-by-step guide to opening your account in just a few minutes. 

3. C6 Bank: the bank that allows you to open an account using only your CPF (Brazilian tax identification number) and offers credit cards for those with a negative credit history.

C6 Bank is one of the best digital banks currently available, and it's known for being less bureaucratic when it comes to credit approval. Just a tip! 

Your credit card has no annual fee, and you can even personalize it to suit your personality.

There are many beautiful colors to choose from, and the name on the card can even be printed in the way you decide.

This bank offers many features, making it a complete digital bank. With it you can, for example: 

• Invest;
• Open an international account in dollars and euros;
• Accumulate points in the Atoms Program;
• Toll and parking tag.

This digital account has no monthly fee, and withdrawals are free, which is a significant advantage, as most digital banks charge a fee for withdrawals.

For investors, C6 Bank does not charge brokerage or custody fees. As you can see, this is a very economical alternative.

To open your account quickly, download the C6 Bank app. 

Is it possible to open an account in someone else's name?

Fortunately, no. That's why it's so important to send documents, photos, and selfies, to ensure that other people don't open accounts in our name without our consent. 

If you have this question because you want to open an account for another person in your family, for example, your children. 

There are many digital accounts that can be opened by minors; some have no minimum age, meaning even babies can open accounts, as long as they have a CPF (Brazilian tax identification number), such as Next Joy and Inter Kids. 

There are other options that only accept teenagers, such as: 

• Mercado Pago;
• Z1;
• C6 Bank;
• Nubank;
• Original Bank.

In addition, digital accounts have supplementary cards, so you can distribute them among family and friends you trust.

Conclusion regarding the possibility of opening an account using only a CPF (Brazilian individual taxpayer registration number).

As you can see, it's not possible. Open a digital account using only your CPF (Brazilian tax identification number).This is because an identification document is required to ensure the security of your data.

However, digital accounts are simple and easy to open, eliminating the bureaucracy and paperwork of traditional accounts.

So there's no need to worry, you'll be able to open your digital account easily on your own.

Here on our blog you'll find lots of information about the best digital accounts available today.

Be sure to check it out and find out which option is best for you.