From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Brazil is easy. But do your research and shop around for the best available deal.
Compare international money transfers
Our interactive table lets you compare current fees, exchange rates, transfer speeds and other details about sending your money overseas. Enter the amount you’re transferring, and see how much will arrive at your destination.
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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
- Regular overseas payments
- Risk management
- If the provider quotes a different rate to the one above please let us know
How do international money transfers work?
An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Brail. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.
Laws and legal documents when transferring large sums of money into Brazil
Banks versus money transfer companies
We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major U.S. banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.
You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.
A beginner’s guide to starting an import/export business with BrazilBack to top
Ronaldo is an American citizen and has lived in the U.S. since the age of 3, 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 1||Money transfer company 2|
|Exchange rate||1 USD = 3.57 BRL||1 USD = 3.44 BRL|
|Transfer method||Bank account deposit||Cash pickup|
|Processing time||1 business day||10-15 minutes|
|Amount received (in BRL)||3,570 BRL||3,440 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 sending money to Brazil
- Exchange rates. The better the exchange rate, the more money that 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.
How to send money to Brazil from the U.S.
- Bank transfers. International wire transfers from your U.S. 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 specializes in moving funds internationally. World First and OFX are both trusted partners of Finder.com and are offering Finder readers an exclusive deal of $0 in fees.
- 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 but slow international money transfer method.
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.Back to topFind a money transfer location near youBack to top
Tips for picking up cash in Brazil
Whether you’re picking up cash in Brail or any other country, take a safety-first approach. Use common sense, such as keeping your cash hidden and depositing it with your bank as soon as possible. Taking a friend along with you to collect the funds is also a good idea.Back to top
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 has any issues.
For a more comprehensive look at sending money overseas, see our guide to sending money overseas.