What Banco Inter does
Banco Inter's US site presents the Inter Global Account, a dollar account in a digital banking super app for sending money abroad, investing, shopping and earning rewards. It is aimed at people who want to manage money across borders, with separate products for US residents and non-US residents. Named features include a free debit card, Inter US Checking for customers with an SSN or ITIN, a credit card with Smart Credit that works toward higher limits over time, Inter Shop with cashback, the Loop rewards program, securities brokerage, mortgage services and fraud monitoring. The site describes the Global Account as having no monthly fee and links to a separate fee schedule for other charges.
How Banco Inter compares with its closest alternatives
3 of the 5 closest alternatives have a free plan, as Banco Inter does. All 5 offer an API, as Banco Inter does. Banco Inter offers a web app and a mobile app. Of the alternatives, 4 offer a web app and all 5 offer a mobile app. Banco Inter was founded in 1994; the alternatives were founded between 2005 and 2013. Banco Inter is based in Belo Horizonte, Brazil; 4 of its 5 alternatives are in Brazil too, and the others in Sweden.