How to send money to Brazil

Find 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.

World First Foreign Exchange

World First International Money Transfers

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  • Enjoy competitive exchange rates.
  • Spot contracts, forward contracts and limit orders are available.
  • Receive weekly updates on market exchange rates.

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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 Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 3.291 Online BRL 16,455 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 3.327 Online, Bank Account to Bank Account BRL 16,637 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    Wyre International Money Transfers
    USD 0.25 3.341 Online, Phone BRL 16,703 No transfer fees for finder.com readers. Make transfers with Bitcoin. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    I want to send

    to

    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 Online Transfer Fee Rate Services Amount Received Description CTA Details
    WorldRemit International Money Transfers
    USD 1 Within an hour USD 4.99 3.317 Online, Bank Account to Bank Account, Cash Transfer BRL 16,571 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. Go to site View details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 3.291 Online BRL 16,455 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 3.327 Online, Bank Account to Bank Account BRL 16,637 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

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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 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.

    Cash pickup locations in Brazil

    Moneygram

    LEVYCAM – SAO PAULO – MATRIZ
    Address: RUA ANCHIETA 18 12 ANDAR SE Sao Paulo, Brazil 01016030
    Hours: 9:00 AM – 6:00 PM
    Phone: +55-11-32423999

    LEVYCAM – OM DTVM – #46 – SAO PAULO
    Address: RUA S. BENTO 288 Sao Paulo, Brazil 01011
    Hours: 9:00 AM – 5:00 PM
    Phone: +55-11-31061314

    S. HAYATA CORRETORA DE CAMBIO SA – SAO P
    Address: RUA BOA VISTA 230 3 E 4 ANDARES Sao Paulo, Brazil 01014000
    Hours: 9:00 AM – 7:00 PM
    Phone: +55-11-31887400

    Western Union

    BLUE BAY CENTER NORTE
    Address: Tv. Casal Buono, 120, Loja Suc Sao Paulo, Sao Paulo Brazil 2089900
    Hours: 10:00 AM – 8:00 PM
    Phone: +55-11-22522711

    BLUE BAY MATRIZ
    Address: Av. Paulista, 2001 – Loja 08 Bela Vista Sao Paulo, Sao Paulo Brazil 1311200
    Hours: 10:00 AM – 7:00 PM
    Phone: +55-11-32530071

    BRADESCO GATEWAY
    Address: Rua Tabapua 1227 Sao Paulo, Sp Brazil 04533014
    Hours: 8:00 AM – 10:00 PM
    Phone: +55-11-40977318

    Moneygram

    ULTRAMAR VIAGENS
    Address: AVENIDA RIO BRANCO 120 LOJAS 27 E 29 CENTRO Rio De Janeiro, 20040001
    Hours: 9:00AM – 6:00 PM
    Phone: +55-21-25054705

    DG CAMBIO TURISMO – RIO DE JANEIRO
    Address: EDIFICIO RODOLPHO DE PAOLI AVENIDA NILO PECANHA 50 SALA 312 Rio De Janeiro, 20020906
    Hours: 9:00 AM – 6:00 PM
    Phone: +55-21-22278300

    ALEX & THUR – RIO DE JANEIRO
    Address: AVENIDA TREZE DE MAIO 45 SALA 1805 CENTRO Rio De Janeiro, 20031007
    Hours: 9:00 AM – 5:00 PM
    Phone: +55-21-22622358

    Western Union

    BANCO DO BRASIL
    Address: Av. Presidente Antonio Carlos, 51 Loja E Castelo Presidente Antonio Carlos-rio De Rio De Janeiro, Rio De Janeiro 20020010
    Hours: 9:00 AM – 3:00 PM
    Phone: +55-21-25245432

    BRADESCO PRES A CAR URJ
    Address: Av Presidente Antonio Carlos 615 641 Ag 6595 Rio De Janeiro, Rio De Janeiro 20020010
    Hours: 9:00 AM – 4:00 PM
    Phone: +55-21-32996950

    BRADESCO CASTELO URJ
    Address: Av Graca Aranha 226 A Ag 445 Rio De Janeiro, Rj 20030-001
    Hours: 10:00 AM – 4:30 PM
    Phone: +55-21-32990050

    Moneygram

    MULTIMONEY – SALVADOR – Salvador Shoppin
    Address: ALAMEDA EUVALDO LUZ 1 LOJA 92 45 ANDAR HORTO BELA VISTA Salvador, 41098020
    Hours: 9:00 AM – 6:00 PM
    Phone: +55-71-34321263

    COTACAO – SALVADOR
    Address: AVENIDA ANTONIO CARLOS MAGALHAES 3244 SALAS 708 A 711 PITUBA Salvador, 41800700
    Hours: 9:30 AM – 5:00 PM
    Phone: +55-11-40021010

    CONFIDENCE – SALVADOR – BA SH ITAIGARA
    Address: AVENIDA ANTONIO CARLOS MAGALHAES 585 LJ 23 – ITAIGARA Salvador, 40280
    Hours: 8:00 AM – 6:00 PM
    Phone: +55-11-40045700

    Western Union

    BANCO DO BRASIL
    Address: Petrobras Salvador Avantonio Carlos Magalhaes 1113 Salvador, Ba 41825903
    Hours: 9:00 AM – 4:00 PM
    Phone: +55-15-35220229

    BANCO DO BRASIL
    Address: Rua Da Polonia, 01 1.andar Comercio Instituto Nacional De Seguridad Salvador, Bahia 40010000
    Hours: 10:00 AM – 1:00 PM
    Phone: +55-71-2415869

    BANCO DO BRASIL
    Address: Matatu Brotas Rbarros Falcao 378 Salvador, Ba 40255370
    Hours: 9:00 AM – 4:00 PM
    Phone: +55-71-33277015

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