Nomad offers US account opening to non-US resident Brazilians. Nomad is not a bank, it is a fintech company. Fund transfers from Brazil to the accounts in the United States are made through Ouribank S.A. Banco Múltiplo (“Ouribank”). Ouribank is not responsible for US account opening or management, it is responsible only for currency exchange for funding the Nomad account. Nomad Tecnologia Ltda., a company of the Nomad business group, with head office in the City of São Paulo, State of São Paulo, at Avenida Brigadeiro Faria Lima, No. 2.012, Conjunto 21, Jardim Paulistano, CEP 01.451-919, enrolled with the Corporate Tax ID of the Ministry of Economy under CNPJ/ME No. 34.662.852/0001-66 (+55 11 4200.0204,support@nomadglobal.com), is a foreign exchange correspondent, as established in CMN Resolution 4.935, of July 29, 2021. Ouribank is not an affiliate, subsidiary or controlled company, either by Nomad Fintech Inc or Nomad Tecnologia Ltda (customer service +55 0800-775-0404 | SAC@ouribank.com | in case the customer service does not resolve the demand, contact the Ombudsman’s office: 0800-603-44444 | 0800-775-4000 | ouvidoria@ouribank.com). The Central Bank of Brazil’s Public Service Helpline phone number is 145.
Financial services related to your access to banking functions on our platform through Community Federal Savings Bank, Member FDIC, Nomad acts as banking program manager. Delivery of these services is subject to identity verification by Nomad and Community Federal Savings Bank.
The Nomad Visa Debit Card is issued by Community Federal Savings Bank pursuant to a license from Visa U.S.A. Inc.
The timely availability of resources is dependent on how timely the instructions of payment were done by the client and restrictions can be applied in regard to the prevention of fraud. As such, the availability of resources may vary from a transfer period to another.
FDIC insurance coverage is limited to USD 250,000 per depositor, ownership category, and banking institution. The bank providing such coverage is Community Federal Savings Bank, Member FDIC. To get more information about FDIC insurance coverage, go to www.FDIC.gov. Each client is responsible for managing their total assets in each bank in the program to determine the FDIC coverage extension according to FDIC regulations.Nomad Fintech Inc. is headquartered in the United States and is registered with the Securities and Exchange Commission (SEC) as an Investment Adviser. It provides its services exclusively in the United States and in relation to U.S. investment products. Registration with the SEC does not imply a certain level of skill or training.
Thus, based on the CVM Guiding Opinion number 33/2005, Nomad Fintech Inc ("Nomad") holds a contract with a regulated institution in Brazil, which is part of the Brazilian security distribution, duly authorized by the Brazilian Federal Bank (Banco Central do Brasil - "Bacen") and the Security Exchange Commission (Comissão de Valores Mobiliários - "CVM"), Global Investment Services DTVM Ltda., registered CNPJ/ME number 47.227.569/0001-58 (the “Brazilian partner” or “Global DTVM”), by which it offers the access to Nomad's Services to investors who are resident, domiciled or incorporated by the Federative Republic of Brazil. The services offered by the Brazilian Partner should not be considered securities offered to these investors. Nomad provides its services exclusively in the United States and under the rules and regulations applicable to the U.S. Such services were not registered or are subjected to CVM's supervision or another Brazilian regulation institution. To register complaints or ask for support, clients who are residents or domiciled in Brazil who happen to become Nomad's clients through the intermediation of the Brazilian Partner, are welcome to contact us at support@nomadglobal.com or +55 (11) 4200-0204 (Brazil) / +1 (888) 998-2261 (USA).
Certain investment services in the United States are provided by DriveWealth LLC (“DriveWealth”) and Apex Clearing Corporation (“Apex”), members of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). SIPC is an institution that protects securities, such as stocks and bonds, held by a customer at a financially troubled SIPC-member brokerage firm. The coverage limit of SIPC protection is $500,000, including a maximum of $250,000 for cash. This coverage protects against a broker-dealer's failure, not against the loss of market value of securities. For more information about SIPC, visit www.sipc.org. SIPC does not cover bank deposits. Your investments are held in an individual account at DriveWealth or Apex. Check these companies’ registrations on FINRA’s BrokerCheck tool (www.brokercheck.finra.org/). FDIC coverage applies to your bank account and does not cover balances deposited with DriveWealth or Apex.
Although Nomad carefully evaluates the assets available on our App, we make no representation regarding the likelihood of any investment achieving a particular result or objective. Past performance is no guarantee of future results. Asset values fluctuate (volatility), meaning returns in one period may be significantly higher or lower than in a previous period. Investments at Nomad may lose value. Nomad cannot predict market fluctuations or other uncertainties that may affect the value of any investment. As an individual, you should carefully consider the suitability of your investments in light of your financial circumstances, including cash flow needs, tax circumstances, risk profile, or other subjective factors. It is recommended that you use all available resources to inform yourself about investments in general and your portfolio's overall composition. Tax or legal considerations regarding investments made through Nomad must be obtained by the clients themselves.
The trademarks, logos, and service marks appearing in the Services, including, but not limited to, the registered trademark “Nomad,” are registered trademarks and service marks of Nomad. Other company names, product names, and service names used and displayed in the Services may be trademarks or service marks of their respective owners, who may or may not endorse or be affiliated or connected with us. Nothing in the Services should be construed as granting, implicitly or otherwise, any license or right to use any trademark or service mark displayed in the Services without our prior written permission in each instance. Please read our Privacy Policy and Information Security Policy regarding Data Privacy, Cybersecurity, and Compliance with Data Subject Rights.
Learn more about Nomad Fintech Inc Inc on the SEC’s IAPD.Check all legal information.
