Send Money To Brazil

Personal
Business
From
United States Flag
United States
USD
To
Brazil Flag
Brazil
BRL
1 USD equals
5.326 BRL
Updated on November 27, 2020
 
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+
Promo Offer Available
Three free transfers for new customers! Check out the WorldRemit promo guide for more info.

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

TransferWise Logo
  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app
$
$
$

low

Fees
75
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Country specific alternatives

Features

  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    User friendly mobile app
  • Circle Check Icon
    Multi-currency account
  • Circle Check Icon
    Travel debit card
  • Circle Check Icon
    No scheduled transfers
  • Circle Check Icon
    No dedicated account manager

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Brazil

      How To Step Icon
      Step 1
      Compare before you register
      Compare before you register
      Compare what the best companies in this field have to offer.
      Select personal or business.
      Sign up by providing your contact details and an acceptable form of identity.
      How To Step Icon
      Step 2
      Look at the exchange rate before finalizing your transfer
      Look at the exchange rate before finalizing your transfer
      Take a look at historical BRL exchange rates for an indication of the current exchange rate.
      Let your service provider know how much money you wish to transfer, and get a rate quote.
      Initiate the process of sending money to Brazil by locking in the exchange rate.
      Provide details of the recipient's local bank account.
      How To Step Icon
      Step 3
      Make the payment, sit back and relax
      Make the payment, sit back and relax
      Pay for the transfer using any available payment methods. Your service provider only begins the actual process of transferring money after receiving your payment.
      Once your payment is through, the company will send the money to the recipient's bank account.
      Most companies let you track your transfer via notifications on your phone and online updates. The turnaround time depends on different factors.

      What you need to send money to Brazil

      You need to verify your identity to begin the transfer process.  A driver's license or passport will suffice. You will need your bank account or credit/debit card details to pay for your transfer. You will also need the recipient's Brazilian bank account details.
       

      Ways to receive money in Brazil

      Residents of Brazil may receive international money transfers in different ways.

      • Local bank account
      • Cash pick-up
      • Mobile top-up

       

      Local bank account

      Receiving money from overseas directly into a local Brazilian bank account is typically the most affordable method. You can send money to a bank account in just about any Brazilian bank.  Examples include Banco do Brasil, Banco Bradesco, Caixa Econômica Federal, Banco Santander Brasil, HSBC Bank Brasil, and Banco PanAmericano.
       

      What you need to send money to a Brazilian bank account.

      The information you need when sending money to a Brazilian bank account includes the recipient's full name, the reason for remittance, the recipient's taxpayer registry identification number (CPF/CNPJ), the recipient's International Bank Account Number (IBAN), the receiving bank's name, and the receiving bank's SWIFT code.

      • The use of IBANs was made mandatory for receiving international fund transfers by Banco Central do Brasil in 2013.
      • The Cadastro de Pessoas Físicas (CPF) refers to an individual's taxpayer registry identification number, whereas a Cadastro Nacional de Pessoas Jurídicas (CNPJ) is an identification number issued to businesses.
      • A SWIFT code helps identify a specific branch of any banking institution. Example: The SWIFT code of the Rio de Janeiro branch of Banco do Brasil is BRASBRRJBHE.

       

      Cash pick-up

      If you need to transfer money to Brazil quickly, your best method is for the recipient to collect it from a cash pick-up location. Some of the top names such as MoneyGram, Ria, and Western Union have agent networks in this country.

      Remitly also provides a service for sending cash to Brazil.

      MoneyGram cash pick-up locations in Brazil 

      Rio de Janeiro:

      Ultramar Viagens, Avenida Rio Branco 120 Lojas 27 E 29 Centro

      Rio de Janeiro

      Dantur Passagens E Turismo Ltda, Avenida Rio Branco 156 Centro

      Rio de Janeiro

      São Paulo:

      Ourominas Liberdade - #142, Praca Carlos Gomes 150, Centro 

      Sao Paulo

      Global Money Rua Conselheiro Furtada 309 Liberdade

      Sao Paulo

      Ria cash pick-up locations in Brazil 

      Rio de Janeiro:

      Banco Santander - Rio-Teleporto, Av Pres Vargas 3131 Lj C

      Rio de Janeiro

      Banco Santander - Estacio-CAP-RJ R Amoroso Lima Lj A

      Rio de Janeiro

      São Paulo:

      Banco Santander - Central R Boa Vista 263

      São Paulo

      Banco Santander - Select Centro - SP R Quinze De Novembro 213

      São Paulo

       

      What is required for cash pick-up in Brazil

      Your service provider will need the recipient's full name and contact details as well as the location of a desired cash pick-up center. Collecting the transferred money requires a valid form of ID such as a driver's license or passport along with a reference/transaction number.

       

      Safety tips for picking up cash in Brazil

      Brazil has high levels of crime, especially robberies. Pickpocketing is also fairly common. If you plan to collect money from a cash pick-up center, try to visit locations in malls or populated market areas. When collecting a large sum, consider taking someone with you. In addition, try to collect your money during daylight hours.

      Do not resist if you are threatened, and hand over your valuables immediately, because crime in Brazil often involves firearms. Do not visit beaches after dark. Take particular care of your belongings during carnivals and other festive periods.

      Shanty towns, referred to as favelas, are prone to high levels of crime. Reconsider visiting any favela, even as part of an organized tour, because violence in these areas has increased in recent times. Avoid driving through favelas as well.

      In Rio de Janeiro, pickpocketing and thefts are common in and around Ipanema beach, Copacabana beach, Santa Teresa, and Lapa.
       

      Mobile airtime top-up options

      Topping up mobile airtime is another way to send money to Brazil. WorldRemit provides this service, as does Xoom. You may top-up credit for prepaid mobile numbers provided by most telecom service providers in Brazil such as Claro, Oi, TIM, and Vivo.
       

      Regulations when transferring money to and from Brazil

      The Banco Central do Brasil (the Central Bank of Brazil) is responsible for monitoring cross-border money transfers to and from Brazil. When transferring money to Brazil, you may send up to BRL 10,000 without concern for foreign exchange regulations. If you want to send more than this amount, you have to provide additional information and complete legally required paperwork.

      Taxation rates for donations and gifts are different across the 26 states of Brazil. It is the responsibility of recipients to make relevant declarations in their annual tax returns. If a recipient does not pay tax on a large-value money transfer, the penalty imposed can be 20% to 75% of the unpaid tax. Increased fines are in place for repeat offenders and can include jail time from six months to two years.

      Bank accounts in Brazil can only be maintained in Brazilian currency. If a Brazilian importer wants to send money from Brazil to USA, the only legal way to do it is by purchasing U.S. dollars in the form of an exchange contract through a bank that is authorized by the Banco Central do Brasil.

      FAQs

      Best way to send money to Brazil

      Transferring money into the recipient's local bank account is the best way to send money to Brazil as it is the lowest cost. The turnaround time might vary based on the service provider you select, how you make your payment, as well as the receiving bank. The top companies that let you transfer money to Brazil include WordRemit, TransferWise and OFX.

      Cheapest way to send money to Brazil

      The cheapest way to send money to Brazil is to transfer it into the beneficiary's local bank account. The most affordable way to pay for your transfer is via your bank account. Credit and debit card payments usually attract higher fees.

      Best app to send money to Brazil

      TransferWise is the best app to send money to Brazilian bank accounts as it is easy to sign up and verify your identity.  The best app for mobile prepaid credit reloads is WorldRemit. The best app to send cash to Brazil in Minas Gerais is Remitly. However, this comes with extra hidden costs and additional fees.

      Best way to send money to Brazil from USA

      The best way to send money to Brazil from USA is to transfer it from your bank account to the recipient's bank account. Consider using specialist money transfer companies instead of banks as banks tend to have higher costs.  Some of your top alternatives include TransferWise, WorldRemit and OFX.

      Can I send money to Brazil using PayPal?

      Yes, you can send money to Brazil using PayPal. However, the recipient needs to have a PayPal account, because the company only lets you transfer funds to another PayPal account. Recipients may then withdraw their PayPal balances into local Brazilian bank accounts.

      Xoom, a PayPal company, lets you send money to Brazil. This service provider transfers money to Brazilian bank accounts, and it lets recipients collect cash from physical locations. You may also use its services for reloading prepaid mobile numbers that are part of Brazil's top telecom providers.

      Can I wire money to Brazil?

      Yes, you can wire money to Brazil. However, wire transfers between banks can be expensive when compared to money transfers carried out by specialist companies.

      Convert USD to BRL

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      BRL
      Sending money online through specialist money transfer companies.

      Expect to receive between R$527.25 and R$530.44 when sending money from USD to BRL at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately R$505.95, not including additional banking fees. That is an average saving of R$22.9.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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