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Pesito vs Nubank. The neobank Latin America trusts just came to the US.

Nubank is the bank millions of families already use in Brazil, Mexico and Colombia. In Mexico it became a licensed bank this year. On September 10, 2026, Nu opened a US account through Lead Bank: 3.50% APY, no monthly fee, and transfers to Mexico and Brazil with no transfer fee. It is the closest thing on the market to what Pesito is building.

So the honest question is where the two differ. Nu runs two separate products, a US account and a Mexican one, each with its own sign-up and its own rules. Pesito plans one account across the Americas that you open with your own country's ID. Pesito is pre-launch; Nu's US account is open now, through a waitlist.

The short answer

Pick Nu if you have the ID its US sign-up asks for, you want interest on your balance and a credit card, and your family already banks with Nu México.

Pick Pesito, once it launches, if you want to open the account with your own country's passport or an ITIN instead of a Social Security number, and you want your family on the same account, at a 0% markup that is published rather than only shown at checkout.

Side by side.

Pesito is pre-launch. Its column is planned launch pricing and planned features, not a live service. The app will show the final price before you pay. Join the waitlist →

  Pesito Nubank
Available today No. Pre-launch, waitlist only Yes. The US account opens by waitlist (since September 10, 2026); Nu México is open to residents of Mexico
What you need to open it Your own country's ID, such as a passport, or an ITIN. No Social Security number (planned) US: not published on its site. Mexico: an INE or Mexican passport, an RFC, and an address in Mexico
Monthly fee $0 (planned) $0 in the US and in Mexico
Minimum balance None (planned) None
Send money to Mexico $0 between Pesito accounts; $0 standard withdrawal to any Mexican bank by SPEI (planned) From the US account: no transfer fee to a Mexican CLABE (also Brazil by Pix)
Exchange-rate markup 0%: a mid-market rate average; any margin would be its own line (planned) Rate shown before you confirm; the markup is not published
One account in the US and in Mexico Yes: one account, dollars and pesos (planned) No: the US account and Nu México are separate accounts with separate sign-ups
Interest on your balance None. Pesito keeps the interest on pooled balances and says so 3.50% APY in the US; 6.50% a year in Cajitas in Mexico (to November 18, 2026)
Cash Cash out at OXXO and local stores in Mexico, store fee passed through at cost (planned, no date) US: ATM fees reimbursed at any US ATM. Mexico: deposits at OXXO (OXXO charges MX$17) and card withdrawals there (MX$20)
Cards and credit Debit card planned, no date; needs a partner bank, not signed. No credit of any kind Debit card in Mexico; credit cards in Mexico and the US (1.5% cash back in the US)
Language Spanish and English in the app at launch; this site also in Portuguese, French and Nahuatl US: human support around the clock in English, Spanish or Portuguese
Bank and deposit protection Not a bank, not FDIC insured. Planned: dollars in an account held for customers at a licensed US bank (agreement not signed) US: not a bank; Lead Bank, Member FDIC, provides the banking. Mexico: a licensed bank since August 2026, IPAB up to 400,000 UDIS

Nubank facts from Nu's own US and Mexico pages, read October 10, 2026. Cash fees in Mexico are charged by the store, not by Nu. Cajitas rate valid October 8 to November 18, 2026, before tax. Pesito column: planned launch pricing, not available yet.

What Nu does better today.

It exists. Nu's US account is open, through a waitlist, and in Mexico Nu is now a licensed bank whose deposits IPAB protects up to 400,000 UDIS per person. Pesito has no license yet and moves no money.

It pays you. 3.50% APY on the US account, and 6.50% a year in Cajitas in Mexico. Pesito's plan is the opposite trade: your everyday balance earns nothing for you, Pesito keeps the interest on pooled balances, and in return keeping the account and moving money cost $0. We explain it on How we make money.

It offers credit. Nu has credit cards in the US and in Mexico. Pesito offers no loans or credit of any kind.

Where Pesito is different.

One account, not two. With Nu, you open a US account under US rules, and your family opens a Nu México account under Mexican rules: an INE or Mexican passport, an RFC, and an address in Mexico. Pesito plans one account across the Americas, so the dollars you send land in the same app your family uses, and moving them costs $0.

The ID you already have. Nu's US site does not say which IDs it accepts. Pesito's plan is that your own country's passport or an ITIN opens the account, with no Social Security number.

A published rate. Nu shows the exchange rate before you confirm but does not publish the markup in it. Pesito's planned rate is a mid-market average with 0% added; any margin would be a separate line you can see.

The trust model, honestly

Nu is a regulated bank in Mexico. In the US it works through Lead Bank, Member FDIC, and it holds conditional approval from the OCC to open its own national bank, which has not opened yet. Pesito is Aztlan Software, Inc., a US technology company: not a bank, not FDIC insured, and without a money transmitter license yet (Idaho first, in process). The plan is that customer dollars sit in an account held for the benefit of customers at a licensed US bank. We will name it when the agreement is signed.

Frequently asked.

Can I open a Nubank account from the United States?
Yes, since September 10, 2026: Nu's US account opens through a waitlist, with banking services by Lead Bank, Member FDIC. Its site does not publish which IDs it accepts. Nu México is a separate account for people who live in Mexico, opened with an INE or Mexican passport and an RFC.
Does Nubank charge to send money to Mexico?
Nu's US account sends to a Mexican CLABE with no transfer fee and shows the exchange rate before you confirm. It does not publish the markup in that rate. Pesito's planned price is $0 and 0% FX between Pesito accounts, and $0 for a standard withdrawal to any Mexican bank by SPEI.
Is Pesito a bank like Nubank?
No. Nu is a licensed bank in Mexico and works with Lead Bank, Member FDIC, in the US. Pesito is a pre-launch US technology company: not a bank, not FDIC insured, with its first money transmitter license (Idaho) in process. No money moves until it is licensed.
Will my Pesito balance earn interest like Nu?
No. Pesito keeps the interest on pooled customer balances, and that is how it can charge $0 a month and $0 to send. Nu pays 3.50% APY on its US account. If you keep a large balance and want it to earn, Nu pays you for that; Pesito is built to make everyday money cost nothing.
Do I need a Social Security number for Pesito?
No, as planned. Your own country's ID, such as a passport, or an ITIN is meant to be enough to open the account. Pesito may verify your identity before you send, and what it asks can depend on country, state, amount and partners.

One account across the Americas. No SSN. No monthly fee.

Pesito is pre-launch. Join the waitlist to be first in line, and help shape what we build.

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Three minutes, one answer per phone number. Your answers are stored under the waitlist terms; do not include passwords, account numbers or other sensitive information.

Compare with the others

Pesito vs Chime The no-fee US account, next to one you can open without an SSN. Pesito vs Revolut The global money app, next to one account built for the US and Mexico. Pesito vs Nomad Dollars for Brazilians in Brazil, next to an account for people already in the US. All of them in one table Pesito, Chime, Revolut, Nubank and Nomad, row by row.

Sources

Every fact about another company comes from its own public pages, read on the dates listed. Fees and requirements change, so check with the provider before you rely on one. Nobody paid to appear here and there are no affiliate links. Pesito figures are planned launch pricing and planned features: Pesito is pre-launch and nothing is available yet. Spotted an error? Write to business@pesito.la; we fix it and log the date in pricing.txt.