São Paulo, Brazil - Nubank, the leading digital bank in Latin America, has announced the launch of Money Boxes, a new feature exclusively available for its business account customers. Money Boxes aims to help business owners better manage their finances by allowing them to separate funds for specific purposes or goals within their Nubank business account.
With the new Money Boxes feature, Nubank business account customers can create multiple virtual containers within their account, each earmarked for a different purpose. These containers will act like digital piggy banks, enabling easy segregation of funds for taxes, employee salaries, inventory purchases, or any other business-related expense.
“We are excited to introduce Money Boxes to our business account customers,” said Maria Silva, Head of Business Accounts at Nubank. “This feature empowers business owners to efficiently allocate funds for various financial commitments, enabling better financial planning and transparency.”
Money Boxes offers Nubank business customers the flexibility to set monetary goals for each box and track their progress over time. Additional features include real-time balance updates, transaction history, and the ability to transfer funds between boxes instantly without any fees.
To access the Money Boxes feature, Nubank business customers simply need to log in to their account through the Nubank website or mobile app. The feature is available at no additional cost and is compatible with both iOS and Android devices.
Nubank has been consistently expanding its suite of digital banking tools to cater to the specific needs of business owners. Money Boxes is another step towards empowering entrepreneurs to manage their finances efficiently, save time, and simplify their business operations.
“As a digital-first bank, we continually strive to offer innovative solutions to our customers,” added Silva. “Money Boxes provides added value to our business clients and exemplifies Nubank’s commitment to revolutionizing the banking industry.”