BTG Pactual launches international accounts in the USA

Clients will be able to make transfers, make debit purchases, and invest in shares of American companies.

The largest investment bank in Latin America, BTG Pactual (BPAC11)

announces the start of operations of its international accounts in the United States. Gradually, starting from today, clients will have access to a full range of services, including instant currency exchange, debit cards, transfers, and investments.

“We are very happy and pleased to provide a platform that meets the demands of the market and our clients who intend to invest abroad or want to rely on an excellent product during their overseas trips, with the quality and reliability of the largest investment bank in Latin America,” says Marcelo Flora, partner responsible for digital platforms at BTG Pactual.

Clients will gain access to a US dollar account and banking services, including cash withdrawals, payments, and transfers, an international debit card for purchases in physical stores or online, as well as access to digital wallets like Apple Pay and Google Pay.

With the help of an international investment account, clients will be able to access several assets, such as stocks, ETFs, ADRs (which allow investment in shares of foreign companies), and REITs (similar to Brazilian real estate funds), enabling the creation of a diversified investment portfolio. The bank is expected to expand its product line in the coming months by offering investment funds and fixed-income bonds, as well as other services.

“Everything is already integrated into our banking and investment applications to make the customer experience as simple as possible when opening and using their accounts. We already offer an investment account option in the United States, but it is more suitable for large amounts. Now we are democratizing access to the American market so that everyone can invest or use banking services in the U.S.,” emphasizes Flora.

Similar to the opening of local accounts, international accounts will be opened simultaneously, and all transactions will be carried out directly in the app. To be eligible, clients must have active BTG Investimentos and BTG Banking accounts in Brazil.

The platform also offers the ability to transfer storage, and clients will be able to transfer assets from other institutions to their international investment account at BTG. Other benefits include access to research materials and integration with the tax calculation platform.

The announcement of the international account highlights BTG Pactual's strategy for international expansion. Recently, the bank received approval to acquire FIS Bank in Luxembourg and will complement the activities of its existing offices in Portugal, Spain, and the United Kingdom.

About BTG Pactual

BTG Pactual (BPAC11) is the largest investment bank in Latin America, operating in the markets of investment banking, corporate lending, sales and trading, asset management, wealth management, and banking. BTG Pactual has established itself as one of Brazil's most innovative investment platforms, offering a full-service transactional bank to support clients' life moments and help them build their stories. Additionally, the bank is a pioneer in the ESG agenda, providing financial products that support the transition to a greener and more sustainable economy. The institution has received international recognition and awards, employing over 6,000 staff in Brazil, Chile, Argentina, Colombia, Peru, Mexico, the United States, Portugal, Spain, and Luxembourg.

SOURCE BTG Pactual