Find the Best Way to Transfer Money to Brazil in Real Time

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Here’s How to Transfer Money to Brazil by Finding the Best Deal

Advertiser disclosure

Over the past three months, we compared 17 providers for transfers to Brazil from a wide range of sending countries and found that on average Remitly was most often the cheapest provider (in 30.0% of the searches).

But Remitly might not be available in the country you're sending money from, and it might not be the cheapest for your transfer to Brazil as the provider's pricing change depends from country to country and changes over time. This means it's always best to launch a live comparison to find the cheapest provider for your transfer.

About Money Transfers to Brazil

Monito compares 17 providers offering international money transfer servicesto Brazil. The total cost of the cheapest available option at any given point in the past three months was 1.3% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 7.4%.

💸 Number of Providers


🏆 Avg. Cheapest Provider
💰 Avg. Lowest Total Cost


💰 Avg. Highest Total Cost


💸 Most Transferred Amount

1000 BRL

⚡ ️Fastest Transfer Time

Same day

💳 Pay-In Options

Debit card, Credit card, Bank transfer, Direct bank payment, International bank transfer, Cash

💵 Pay-Out Options

Bank account, Mobile wallet, Card, Cash pickup, Airtime top-up, Bank account (via international transfer), payout.BILL, Cash delivery

👍 Recommended Providers

Remitly, Paysend, Instarem, Revolut, WorldRemit, Skrill, Wise, Profee, Xoom, Moneycorp, Currency Solutions, Global66, Remitout, CurrencyFair

FAQ About Sending Money to Brazil

Best-Rated Providers to Send Money to Brazil

Cheapest Ways to Send Money to Brazil

In most cases, the best way to send money to Brazil is to make an international bank transfer from your bank account to a local bank account in Brazil via a specialist money transfer provider (which you can pay by debit card or local bank transfer).

Services such as Remitly, Wise, and Global66 are good examples of such solutions; they offer reasonable exchange rates very close to the mid-market rate and apply transparent and low fees. These options are typically much cheaper than making an international bank transfer to Brazil with your bank or using PayPal, which comes with higher costs and take a considerable margin on the exchange rate when converting your money into Brazilian reals.

Fortunately, there are dozens of excellent options out there. Run a search on Monito's real-time comparison engine to compare them all and find the best way to send money to Brazil now:

Find the best way to send money to Brazil:

How to Transfer Money to Brazil

There are plenty of good options for sending money back home to Brazil from overseas. Here on Monito, we cover all the popular specialist money transfer providers and banks for converting your money into reals and sending it home.

We know there are many ways to transfer currency to Brazil, so we compare all of the most popular options side-by-side so you can make an informed choice. The best money transfer provider for you will depend on several areas like the exchange rate they offer, how much you're sending, where you are sending from, the currency you are exchanging into reals, and other factors.

We consider all of those details when recommending the best way to send money to Brazil. We'll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to Brazil from the USA, Paraguay, Japan, or Portugal.

Save over 150 reals a year when sending money to family, friends or businesses in Brazil.

Thousands of people like you send money back to Brazil every week. With over three million Brazilians living outside Brazil, everyone needs an easy and inexpensive way to send reals back home to benefit family, friends and others.

Unfortunately, neither banks in your country of residence nor Brazil offer reasonable fees and exchange rates for converting money into rupees. That's why it's vital to compare your options for sending money back to Brazil so your reals can go further. Whether you want to make a one-off transfer or you need to send money regularly, we at Monito can help you find the best options every time.

People from Brazil send over USD 2.5 billion back home each year. That's over USD USD 800 each. Our research shows that most people overspend by up to five percent on their transfers, so using a lower-cost provider could save Brazilians up to USD 125 million collectively or up to USD 40 individually every year.

We want to help you stop overpaying and make it easy to compare the best-value options for money transfers or select one of our recommended currency providers.

IOF (Imposto sobre Operações Financeiras)

When you send money to Brazil, your transfer will be subject to the IOF (Imposto sobre Operações Financeiras). The IOF is a tax applied to any foreign exchange transaction in or out of Brazil. The tax is usually included in the money transfer fees or currency exchange rate margin used by the money transfer provider or bank.

The Cheapest and Best Ways to Send Reals to Brazil

There are several good options for currency exchange, depending on how the person you're sending money to wants to get access to their reals.

Sending Less Than USD 10,000

If you want to send money to a bank account in Brazil, we recommend using a specialist currency provider. If you're transferring under USD 10,000 or equivalent, your best option, on average, will be Remitly.

Sending Between USD 10,000 and USD 50,000

If you’re sending more than USD 10,000 but less than USD 50,000, then Wise is typically the best bet where it's available.

Sending More Than USD 50,000

If you're sending a more significant amount that's more than $50,000, then the specialised foreign exchange broker Currency Solutions will offer you the best rate for your transfer.

Banks That You Can Transfer Reals to in Brazil

You can normally arrange to send reals to any of the following banks: Banco Bradesco Financiamentos, Caixa Econômica Federal, Banco J Safra S/A, Banco Itaú, Banco do Estado do Rio Grande do Sul S/A and more.

Cash Pick-Up Locations in Brazil

Some of these banks are also popular locations for picking up reals that you have transferred. If the beneficiary wants to collect reals as cash in Brazil without going through a bank, then providers like Xoom or MoneyGram are good options.

Xoom provides over 150 cash pickup locations across Brazil.

What Information Do You Need To Send Money to a Bank Account in Brazil?

Brazilian banks do not use IBANs to identify bank accounts uniquely, and not all banks use the SWIFT network. This means you will usually need to enter the bank's name, a branch code and the recipient's account number to proceed with the transfer.

In addition, you will need a CPF number, which is the Tax Registration Number everyone living in Brazil receives from the Cadastro de Pessoas Físicas

In some cases, you will also need to specify the type of account to which you are transferring (checking or savings).

  • Name of the recipient: The name of the recipient's bank account's holder.
  • Name of the recipient's bank: The name of the recipient's bank in Brazil. Often, you will be able to select the name of the bank in the list, in other cases, you have to enter the name yourself. E.g. Banco do Brasil.
  • Branch code: The branch code identifies a bank's individual branches.
  • Account number: The recipient's bank account number. E.g. 58745898.
  • Tax Registration Number (CPF): Individual Tax ID number from the Cadastro de Pessoas Físicas. E.g. 342.146.659-12.

Major Banks in Brazil

Below is a summary of some of Brazil's largest and most important banks. They offer international remittance services, although they're not usually the cheapest options on the market.

  • Banco Bradesco Financiamentos
  • Caixa Econômica Federal
  • Banco J Safra S/A
  • Banco Itaú
  • Banco do Estado do Rio Grande do Sul S/A

More About the Brazilian Diaspora

Brazil is historically an immigration country, with many migrants from all over the world living and working in Brazil. In contrast, less than 1% of Brazilians live outside Brazil, but in a country this size, Brazilians living abroad still represent a large group of between 1.5 and 2 million people. Most of Brazilians forming this diaspora migrated in the last three decades, mainly driven by economic opportunities abroad, with the majority of them moving to the United States.

Other countries with important Brazilian communities include Japan, Paraguay, Portugal, Spain, France, the United Kingdom, Italy, Switzerland and Angola.

Find the best way to send money to Brazil:

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito
  • Monito is Trusted by 15+ Millions Users across the globe.

  • Monito's experts spend hours researching and testing services

  • Affiliate commissions we may receive never impact our independence.

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