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Monito compares 14 options to send money to Brazil from the USA.
If the person you're sending money to wants to receive Brazilian reales in his bank account in Brazil, then Remitly is at the moment the most competitive option with competitive fees of 1.99 USD and a very competitive USD-BRL exchange rate (current rate: 1 USD = 5.7 BRL).
In comparison, the total cost of your transfer would be 24.18 USD (which is roughly -14x as much) if you wanted to use Xendpay for the very same transaction.
The recipient of your transfer doesn't have a bank account? No problem, we compare several money transfer companies able to send Brazilian reales for cash pick-up in Brazil: the cheapest option currently is Remitly, with 1.99 USD for the transfer fees and a very competitive USD-BRL conversion rate (their current rate is 1 USD = 5.7 BRL).
The total cost of your transfer to a cash pick-up location in Brazil with Remitly is -1.75 USD, but the total cost of your transfer would be 31.17 USD if you chose to use MoneyGram to make the same transaction.
This recommendation was updated a few minutes ago.
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Let's start with the most expensive solutions: US banks, PayPal, or cash-bashed money transfers are not the best way to make a transfer from the US to Brazil. The fees can be quite low (sometimes even zero), but they often apply a markup on the exchange rates and add a high hidden fee that you can avoid by comparing your options.
With Monito comparison tool, you will find a reliable and cheap option for sending money from the US to Brazil.
Your bank in the US might not offer you the best rate to send money to Brazil. It will charge a high fee and offer you a poor exchange rate of US dollars to Brazilian reals. Fortunately, many money transfer operators offer a much better exchange rate. All of them you can compare on Monito and find the cheapest option for your transfer from the US to Brazil.
Here's how to send money from the US to a Brazilian bank account with a money transfer specialist:
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to Brazil.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.