Banco do Brasil Protocols: how it works in Brazil — first-hand

Some banks may require additional proof of address and employment. While challenging, options might include specific bank branches (e.g., Banco do Brasil with sufficient documentation), or potentially using services linked to cryptocurrency cards.

Online banks like Wise and Revolut require a physical RNM (residence card) and will not open accounts with just a CPF. Non-residents/tourists can try mobile wallets like RecargaPay or InfinitePay, though approval is inconsistent. For those with a VNJ Protocol (temporary paper slip before the physical RNM card), major banks like Caixa, Bradesco, Nubank, and C6 usually refuse service. The only bank with a realistic chance of accepting a paper protocol is Banco do Brasil, though you may need to try multiple branches.

With the VNJ protocol and proof of address, one can visit traditional banks like Banco do Brasil. Neobanks like NuBank may offer a simpler process. Banco do Brasil is often considered the main Brazilian state-owned bank. Wise is recommended for international transfers. Crédito consignado (deducted from salary) is a type of loan often associated with government employees but can be offered by various banks.

Banco do Brasil is the most reliable institution for this. To open the account, the applicant must present the valid paper protocol and a proof of address (comprovante de residência). Digital banks like Nubank or traditional ones like Santander generally require the physical RNM/RNE card and will reject the paper protocol.

Neobanks like Nubank and Revolut strictly require the physical RNM card. Traditional banks like Itaú often reject applications automatically at the system level despite manual manager initiation. Banco do Brasil (BB) remains the most reliable option for protocol holders, though card issuance takes about 2 weeks.

An Argentinian DNI is generally not sufficient. However, some individuals have successfully opened accounts at Banco do Brasil by providing proof of residence and explaining their long-term stay and ongoing residency permit application (protocolo de VNJ).