Sending money from the United States to Brazil is a common step for foreign investors. Whether you are funding your brokerage account, purchasing real estate, or covering banking fees, choosing the right transfer method helps reduce costs and ensures your money arrives quickly and securely.
Below is everything you need to know before initiating a transfer.
1. Common Transfer Methods
Americans can send money to Brazil using several reliable channels. Each method varies in cost, processing time, and exchange rates.
• International Wire Transfer (SWIFT)
Traditional bank-to-bank transfers.
- Secure and widely accepted
- Usually higher fees
- Slower processing times (2–5 days)
• Online Remittance Platforms
Fintech services like Wise and Remitly.
- Lower fees
- Transparent exchange rates
- Fast delivery
• Brazilian FX Brokers (DTVMs)
Authorized financial institutions specialized in foreign exchange.
- Often offer competitive rates
- Ideal for large transfers related to investments
2. What Information You Need to Send Money
Before sending money to Brazil, prepare the following information:
- Recipient’s full name
- Brazilian bank name
- Bank number (Código do Banco)
- Branch number (Agência)
- Account number (Conta)
- Account type (Checking/Savings)
- Recipient’s CPF or CNPJ
- Purpose of the transfer
Providing accurate details helps avoid delays and additional fees.
3. Exchange Rates Explained
Brazil uses a floating exchange rate system, meaning rates vary daily.
When sending money, keep in mind:
- Commercial Rate (Taxa Comercial): the standard market rate
- Spread: the additional cost added by banks or platforms
- IOF Tax: a federal tax applied to international transfers
Using platforms with transparent pricing helps you understand the real cost of the transfer.
4. Transfer Times
Typical processing times include:
- Fintech services: minutes to 24 hours
- FX brokers: same day or next business day
- International wires: 2–5 business days
Choosing the right method depends on whether you prioritize speed, cost, or simplicity.
5. Tips to Reduce Fees
- Compare exchange rates before transferring
- Avoid using U.S. banks alone — they often charge the highest spreads
- Consider fintech platforms for smaller transfers
- Use FX brokers for larger, investment-related transactions
- Send funds during business hours for faster processing
6. Safety and Compliance
Brazil requires transparency for foreign money entering the country.
You may need to:
- Provide proof of origin for large transfers
- Confirm your identity for compliance
- Register transfers over certain limits for investment purposes
Always use reputable, regulated platforms to avoid fraud and delays.
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