One of things that I really wanted to blog about once I came to Brazil is the banking services and how easy it is. of course due to the high crime rate in Sao Paulo, Banks are considered the number 1 target for armed robbery. So to control the damage, they have actually reached a level where you do not need to visit the branch ever. “Unless you are going to do some paperwork”.
From the Atm you can
A) Pay all your bill “whatever it was” all you have to do is bring the bill, scan the bar code of the bill at the ATM and then pay .
B) You one Card and this card you can activate “debit and credit” so no need to carry many cards
C) Every new client. get a specific amount of “automatic loan “ yes the day you receive your ATM card you already have 700R$ in your account . once you use those your balance will show -700 and of course you have to pay them back.
D) Online and smartphone apps that allows you to transferee, pay bills apply for a big loan
Seriously, this is what I call banking. And talking about security steps…I have to say I got bothered about how complicated it is, but keeping the crime rate in mind, I guess they really know what they are doing .
Now when you see this and you look back at NBK and Gulf bank and you feel like its war between giants!!!! Seriously that makes me laugh