Send Money to Brazil Cheaply

Information verified correct on January 23rd, 2017

brazilFind a quick, easy and affordable way to send money to Brazil with this handy guide.

With an estimated 370,000 Americans with Brazilian ancestry, according to the latest United States Census Bureau in 2012, there are strong links between the two countries. Brazil is also a popular destination for US tourists, with more than 580,000 soaking up the sun on a Brazilian getaway in 2012 alone.

There are plenty of options to choose from when you need to send funds from the United States to Brazil.

Compare Money Transfer Services

Rates last updated January 23rd, 2017

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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Payoneer International Money Transfers
Send Mass Payments To Your ... Send Mass Payments To Your Payees Worldwide
USD 20
OnlinePhone
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changing, click to check
your price today
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WorldRemit International Money Transfers
An online money transfer service ... An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
USD 500 2 days
OnlinePhone
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changing, click to check
your price today
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Transferwise International Money Transfers
Make online transfers in a ... Make online transfers in a range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
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HiFX International Money Transfers
Transfer money between 20 currencies ... Transfer money between 20 currencies and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
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changing, click to check
your price today
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Currencies Direct International Money Transfers
$0 online transfer fee that ... $0 online transfer fee that you can access 24/7.
USD 100 2 days
OnlinePhone
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changing, click to check
your price today
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OFX International Money Transfers
Exclusive offer: Special exchange rates ... Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
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TorFX International Money Transfers
TorFX guarantee to beat any ... TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply
USD 150 1 day
OnlinePhoneAgent
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changing, click to check
your price today
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Banks versus money transfer companies

Typically banks don’t offer competitive exchange rates or fees compared to those offered by specialist money transfer services.

With the increasing number of money transfer companies plying their trade in the digital sphere, there are plenty of cost-effective options at your disposal. These companies usually offer far better exchange rates than banks along with much lower fees, the end result being that you and your recipient both end up with more cash in your pockets.

Case Study: Ronaldo Sends Money to Brazil

Ronaldo is an American citizen and has lived in the USA since the age of three, but he still maintains a strong relationship with his grandparents in Rio de Janeiro. He wants to send them a $1,000 gift to help fund their retirement, but he’s deterred by the $45 transfer fee charged by his bank. Ronaldo decides to compare the services of two dedicated money transfer companies to see which one offers the better deal.

Money transfer company 1Money transfer company 2
Exchange rate1 USD = 3.571 USD = 3.44 BRL
Transfer fee$3.99$9.99
Transfer methodBank account depositCash pickup
Processing time1 business day10-15 minutes
Amount received (in BRL)3,570 BRL3,440 BRL

As you can see, Ronaldo can send an extra 130 BRL by using the first transfer company and also save on fees, but he will need to wait longer for his funds to arrive.

How to compare transfer companies when transferring money to Brazil

  • Exchange rates. The better the exchange rate, the more money will make it into your recipient’s pocket. However, remember that some companies will offer higher exchange rates in conjunction with higher fees.
  • Fees. Be prepared to pay a transfer fee when you send money overseas, although some companies will waive the fee when you transfer more than a minimum amount.
  • Transfer methods. Common methods for placing transfers include online, by visiting an agent, over the phone or even using a mobile app.
  • Transfer options. Can you place a forward contract to lock in an exchange rate for a future transaction? Can you place a limit order or schedule a recurring transfer?
  • Turnaround time. Take into account how quickly you need your funds to arrive to your recipient, as transfer times can vary from minutes up to several working days.
  • Minimum amount. Some providers will require you to transfer more than a set minimum, for example $500; other providers will let you send smaller amounts.
  • Pickup methods. Will the funds be available for collection from a money transfer agent, or will your recipient have to wait for them to be deposited into his or her account?
  • Customer service. If you have a problem with a transaction, knowing that phone or email customer support is available offers peace of mind.
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How to send money to Brazil from America

  • Bank transfers. International wire transfers from your US bank account to a Brazilian bank account are a secure transfer option.
  • Online money transfer providers. Send your money quickly and easily online through a company that specialises in moving funds internationally.
  • Money transfer companies with cash pickup options. Companies like Western Union, MoneyGram and Ria offer this service.
  • PayPal. PayPal may be better known for its use when online shopping but it also allows you to send secure international money transfers.
  • Checks. International guaranteed checks are a secure international money transfer method.
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Emergency cash transfers in Brazil

If you need to send money to Brazil as quickly as possible, don’t be surprised if you have to settle for a poor exchange rate and higher fees when transferring your funds. Faster transfers usually cost more than ordinary ones, so review the full cost of your transaction before you commit to it.

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Tips for picking up cash in Brazil

Ranked as one of the top 20 countries in the world in terms of the homicide rate per person, Brazil has a high crime rate. With this in mind, it’s essential that you exercise caution when picking up funds. Take another person along for security, keep your cash hidden and be aware of your personal security at all times.

Rather than carrying the funds around with you until you spend them, deposit them in your bank account or another safe place as soon as possible.

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How to send money to Brazil

Many providers will require you to sign up for an account before you can transfer your funds. This usually means you will need to provide your name and address, your contact information and photo ID.

Once a transfer has been lodged, make sure you keep hold of any receipt or tracking number you are given – this can be used to check up on the progress of your transaction.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

OFX International Money Transfers

Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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