Looking for the best way to send money from the United Kingdom to family, friends or businesses in Brazil (or even to your own overseas bank account)?
Don't head straight to your British bank – compare specialist money transfer services instead. They nearly always offer better BRL exchange rates and lower fees, so for the same amount of pounds you send, your recipient will receive more Brazilian reals.
Of the companies we've compared, Revolut is among the cheapest, with competitive exchange rates and fees starting from £0. Need a really fast transfer? Xe can get money to your recipient in Brazil within minutes.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Please note: You should always refer to quotes you receive from transfer services themselves directly for exact amounts as they may vary from our estimates.
Bank transfers are typically the cheapest way to get your money to Brazil. Revolut and OFX have some of the lowest bank transfer fees of the brands we've compared.When you're hunting down the cheapest ways to send money to Brazil, it's more important to look at the overall cost of your transfer. This has a couple of elements:
Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many Brazilian reals your recipient will end up with.
Many online providers can offer transfers to Brazil within minutes, although you're likely to pay a premium for the convenience.Here are some of the fastest average transfer speeds to Brazil:
Actual transfer times from the United Kingdom to Brazil can depend on several different factors including transfer amount, payment method and currency.
The safest way to get your money to Brazil is to use a provider registered with the United Kingdom's industry regulator, the Financial Conduct Authority (FCA). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United Kingdom and Brazil.
A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.
If you need to make a sizable money transfer to Brazil, consider using a provider such as TorFX or Wise (TransferWise) to benefit from its expertise in handling larger transfer amounts.Using a large transfer specialist can have the following advantages:
To send money to Brazil, you'll need the necessary documentation, your recipient's details and a way to pay.
Gabriel is working in the United Kingdom as a doctor and he stays in regular contact with his elderly parents back home in Brazil. His parents need some funds to help pay off a mortgage, so Gabriel plans to send them £2,000 from the United Kingdom.
He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.
|Bank||Money transfer company|
|Exchange rate||1 GBP = 6.30 BRL||1 GBP = 6.38 BRL|
|Transfer method||Bank account deposit||Bank account deposit|
|Processing time||2 - 5 working days||Next day|
|Amount received||12,531.37 BRL||12,745.12 BRL|
The money transfer company enables Gabriel to send an extra R$213.75, which is transferred straight to his parents' Banco do Brasil account.
When choosing a money transfer provider to send money from the United Kingdom to Brazil, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:
Compared to a month ago, the pound is stronger against the Brazilian real. Currently £5,000 is equivalent to R$32,063.00, whereas a month ago, £5,000 was equivalent to R$31,056.00. That's an increase of 3.24% over the past month.
But compared to a year ago, the pound is weaker against the Brazilian real. A year ago, £5,000 was equivalent to R$33,015.00. That's a decrease of 2.88% over 12 months.
What's more important, however, is where the strength of the pound against the Brazilian real goes from here – which is harder to call. But whichever way it goes, shopping around has the potential to get you more Brazilian reals for your pounds and can help you get the best out of any market conditions.
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How can I send money to a company in Brazil without a named contact, please?
Thank you for getting in touch with finder.
That’s an interesting question. For security purposes, money transfer companies require that the receiver must know the name of the sender to be able to get the transferred money. However, you may negotiate with the transfer money company’s agent location representative if it is possible to use a different name i.e. name of a business as the name of the sender. Bank transfers basically ask for the receiver’s info only.
I hope this helps.
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