Banco Bradesco

traditional bank

Banco Bradesco is one of Brazil's two largest private-sector banks, founded in 1943 in Marília, São Paulo, with headquarters now in Osasco. It serves over 70 million customers through a branch network of approximately 3,500 locations plus 70,000+ ATMs via the Banco24Horas network — the broadest physical footprint of any private bank in Brazil. For expatriates and foreign residents, a CPF tax number is the essential prerequisite; it can be obtained at a Receita Federal office in Brazil or at a Brazilian consulate abroad before arrival. Once a CPF is secured, Bradesco's app-based onboarding allows account opening without a branch visit. The bank provides current accounts (conta corrente), savings accounts (poupança), payroll accounts (conta salário), private banking through Bradesco Prime and Private, and investment products via Ágora Investimentos covering equities, fixed income, and funds. The digital sub-brand Next (owned by Bradesco) offers a zero-fee account aimed at younger customers. US persons are accepted subject to FATCA disclosure requirements. Monthly service fees on standard accounts are typically waived when minimum balance or transaction thresholds are met. Deposits are protected under the Fundo Garantidor de Créditos (FGC) up to BRL 250,000 per CPF per institution. Bradesco is regulated by the Banco Central do Brasil.