Send money to Brazil cheaply

Information verified correct on April 27th, 2017

brazilFind a safe international money transfer specialist that won’t break your business bottom line.

When you need to get money to businesses and vendors in Brazil, the last thing you want to deal with is navigating a potentially complicated and expensive process. Frequent international payments can become a significant business expense. But sending money from the US to Brazil doesn’t have to be expensive. Compare the transfer fees and exchange rates of your many options to get the most Brazilian real for your dollar.

Compare providers that can help you set up payments

Rates last updated April 27th, 2017

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Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 1,000 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Payoneer International Money Transfers
Ideal for worldwide business payments ... Ideal for worldwide business payments to more than 200 countries and 150 currencies.
USD 20
Online
Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know
Rates last updated April 27th, 2017

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com privacy policy
Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
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
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 1,000 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com privacy policy
Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

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Sending money to Brazil

How do international money transfers work?

An international money transfer allows you to send money to businesses, friends and family overseas. Generally, it involves you sending cash or money from your bank account to an intermediary transfer service or bank, which then exchanges and sends the money to your recipient in another country — in this case, Brazil.

Depending on the provider, you can initiate a money transfer in person, online or by phone. Your cash or bank account transfer is then either deposited into your recipient’s bank account or mobile wallet. With some providers, it can be made available as cash for pickup at a location in their country.
Laws and legal documents when transferring large sums of money into Brazil

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Why should I compare my options beyond my bank?

For business owners, time can sometimes be more valuable than money. You may think that because it handles your other finances, your local bank is the simplest option when sending money overseas. In truth, international money transfers are no longer a game for only tried-and-true players like banks. Newer companies promise to undercut the competition to earn your business.

Because banks offer a diverse range of financial products and services, their exchange rates can be among the weakest around. Poor exchange rates and high fees of up to $64 per international transfer can eat up a sizable chunk of the amount you’re sending.

A reputable money transfer specialist can offer better exchange rates and also charge lower fees — typically offering more flexible options for business payments — resulting in savings for you and more Brazilian real for your recipient.

A beginner’s guide to starting an import/export business with Brazil

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Case Study: Ronaldo buys business goods from Brazil

Ronaldo has lived in the US for more than 10 years, running a shoe store that relies on imports from many different countries. About twice a year, he buys top-quality footwear from a producer in Brazil, investing more than $1,000 in stock that will last a few months on his shelves.

Ronaldo typically uses a business account at his local bank to transfer money to buy his supplies. But he’s slowly becoming aware of money transfer companies available that might offer a cheaper alternative. He compares two well-known money transfer providers when sending $1,000 to find the best deal.

Money Transfer Company A
Money Transfer Company B
Exchange rate1 USD = 3.57 BRL1 USD = 3.44 BRL
Transfer fee$3.99$9.99
Transfer methodBank account depositBank account deposit
Transfer speed
1 business day3 business days
Total real received
3,570 BRL3,440 BRL

Ronaldo learns that can pay lower fees and send an extra 130 BRL — and get more shoes for his business – by using Money Transfer Company A.

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Save on your business payments with hedging options

Many global payment providers offer flexible tools that can protect your international payments against the rapidly fluctuating market — and help you predict when it’s best to make your payments. These “hedging” and planning tools include:

Forex options with a trusted broker

Whether you’re importing goods or simply sending money to family in your home country, a regulated currency broker could get you a better deal when transferring money internationally. Unlike a bank, these brokers focus only on quickly and safely trading currencies for individuals and businesses.

To get started with a broker, click on the “speak to a broker” tab on the table above.

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How should I compare money transfer services to Brazil?

While exchange rates and transfer fees affect how much you’ll pay, you’ll also need to consider how quickly your money needs to get to where it’s going, among other factors.

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Look for a company that’s close to the mid-market rate — or the rate banks and transfer services use when trading among themselves. Remember that companies with strong exchange rates may also require higher fees.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large payment, ask whether you qualify for a fee-free transfer.
  • “Hedging” options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
  • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
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Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
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How to send money to Brazil from the US

  • Bank transfers. Many major US banks will allow you to wire money to a Brazilian bank account. However, a downside is the frustratingly high fees and weak exchange rates you’ll typically receive.
  • Online money transfer services. Trusted providers make it simple and convenient to send money from your business or home to Brazil.
  • Providers with cash pickup. Companies like Western Union, MoneyGram and Ria offer the option of cash pickups from thousands of agent locations across Brazil.
  • Peer-to-peer apps. Venmo, Circle and PayPal are just a few of the apps you can use to send money to Brazil.
  • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.

 

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Emergency cash transfers in Brazil

ou might need to send an emergency cash transfer to Brazil. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.
Find a money transfer location near you

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Tips for picking up cash in Brazil

Whether picking up funds in Rio or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.

  • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
  • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
  • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
  • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
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Follow the money to Brazil

Whichever method you use, keep a record of the transaction reference number and other details so you can track the transfer and follow up if your recipient or vendor has any issues.

For a more comprehensive look at sending money overseas, see our guide to sending money overseas.

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US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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