Send Money to Brazil Cheaply

Information verified correct on February 21st, 2017

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

When you need to get money to a loved one overseas, the last thing you want to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Brazil doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the best deal.

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.

Rates last updated February 21st, 2017

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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 500 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Fast... Fast, low-cost transfers to 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
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
RIA Money Transfer
No fees for bank account ... No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.
3 - 5 days
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
Moneycorp Exchange Experts
Full-service specialist offering competitive exchange ... Full-service specialist offering competitive exchange rates on personal international money transfers.
USD 50 1 day
OnlinePhone
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
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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
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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

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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

Case Study: Ronaldo Sends Money to Brazil

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 1Money transfer company 2
Exchange rate1 USD = 3.57 BRL1 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.

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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.
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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 will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it 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 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.
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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

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.

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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 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

Fast, low-cost transfers to 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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