Created to help achieve financial goals, Nubank Boxes allow you to invest independently for different purposes.
Financial organization is the key to being able to make certain purchases without having to go into debt. The Nubank Boxes are a tool that can help in this task. With them, it is possible to separate money for different purposes and leave it yielding until you have the amount necessary to carry out what was planned.
- How to generate a new virtual card at Nubank
- How to anticipate the payment of the invoice in the Nubank app
Nubank (Image: Vitor Pádua / Tecnoblog)
Time needed: 5 minutes.
- Starting to create your first Box
To get started, open the Nubank app and see if the Caixinhas option appears for you — it has not yet been released to everyone. Then tap on “Start saving”.
- Decide on the purpose of the Box
Nubank suggests the Emergency Reserve as the first Box, but you can scroll through other options at the bottom of the app.
In these other options, there may be questions to better understand how long that money will be kept.
When you decide, tap on “Create Box” or the other option you want.
- Choose how much you want to save now
Enter the value and tap the right-pointing arrow.
- Define the investment for Caixinha
Nubank suggests the most appropriate investment for your objective, but you can choose — just tap the “Exchange” button.
Currently, there are two options: the RDB Resgate Imediato and the Nu Reserva Imediata fund. We will talk more about them later in this text.
- Register at Nu Invest
If you choose the Nu Reserva Imediata fund, you may need to open an account with Nu Invest, Nubank’s broker, if you don’t already have one.
It is necessary to fill out a simple registration, with personal and financial information, in this case. Then, just go back to the creation of the Box and confirm the operation.
- Ready! The Box is working
You have now created your first Nubank Box! From now on, it’s about saving the money until you reach the desired goal.
How to track the money invested in a Box
Open the Nubank app and tap Cashiers. There, you can see the balance of each one of them, and also see the movements of each one.
How to keep track of a Nubank Box (Image: Tecnoblog)
How to redeem the money deposited in a Cashier
With the Canister page open, tap Redeem. Then choose the amount and confirm with the card password.
How to withdraw money from a Nubank Box (Image: Tecnoblog)
Are the Boxes linked to any investment?
Yea! There are currently two investment options: the RDB Resgate Imediato and the Nu Reserva Imediata fund. Nubank suggests which one is most suitable for each of your goals, but you can change it if you prefer.
RDB Immediate Rescue
A Bank Deposit Receipt works as if you lent money to the bank, and the bank pays you with interest when returning the amount to you.
Below, some features of RDB Immediate Rescue:
- same-day or business-day redemption;
- yields 100% of the CDI ;
- low risk;
- protection of the Credit Guarantee Fund.
Naked Fund Immediate Reservation
An investment fund invests its money in financial assets. In the case of Nu Reserva Imediata, it invests in shares of other funds, which invest in public securities of the National Treasury, in addition to CDBs and low-risk debentures of private companies.
Below are some characteristics of the Nu Reserva Imediata fund:
- same-day or business-day redemption;
- can yield more than 100% of CDI in the long term;
- low risk.
To use the Nu Reserva Imediata fund, you must be registered at Nu Invest, Nubank’s investment broker. If you haven’t, you can do so by opting for this investment.
How many Boxes can be created per Nubank user?
There is no limit: each user can have as many as they want.
Do Caixinhas have a limit that can be invested?
The minimum investment amount is R$ 1. There is no maximum limit.