Top 10 Remittance Sites to Brazil - Nov. 2018

Compare top remittance services & send money to Brazil in minutes!

I want to Send Money to:
1
Transfer Fees: Med
95
Users Score
2
Transfer Fees: Low
91
Users Score
3
Transfer Fees: Low
87
Users Score
4
Transfer Fees: Med
85
Users Score
5
Transfer Fees: Med
81
Users Score
6
Transfer Fees: Med
79
Users Score
7
Transfer Fees: High
78
Users Score
8
Transfer Fees: High
74
Users Score
9
Transfer Fees: High
71
Users Score
10
Transfer Fees: High
66
Users Score
Service
Regulation
Delivery Speed
Delivery Methods
Transfer Fee
Score
Transfer Money Now
1
FMA
Instant
  • Direct to Bank
  • Cash pick-up
Med
* Transfer tracking available
Main Services: International money transfers, cash pickup, remittance services, mobile transfers
Transfer Objective: One time/Recurrent
Transfer Method: Bank transfer, Phone/App, debit or credit card, cash pick-up
Min Transfer Amount: £0.01
Available in:
Extra Features:
- Locked-in exchange rates
- 145+ years of experience in moving money
- Tracking options for transfers online
- 0-3 days of delivery (depends on destination)

Time to open Account: Few minutes
2
FCA
2-5 hours
  • Direct to Bank
  • Cash pick-up
  • Mobile Transfer
Low
Main Services: Send money online, bank transfers, telephone transfers. Send money to family and friends, emigrate, buy a property overseas or make regular maintenance payments.
Transfer Objective: one off/regular transfers
Transfer Method: Electronic bank transfer, UK debit card, UK direct debit
Min Transfer Amount: £100
Available in:
Extra Features:
- Free transfer fees
- Free to open an account
- Transfers by phone, online or App
- Safeguarded customer funds
- Longstanding FX provider since 1979
Time to open Account: Few minutes
3
FCA
1-2 hours
  • Cash pick-up
  • Direct to Bank
  • SWIFT
  • Mobile Transfer
Low
Main Services: International money transfers, send money to family or friends, send money online, mobile app transfers
Transfer Objective: One time/Recurrent
Transfer Method: Bank transfer, Phone/App, debit or credit card, cash pick-up and more.
Min Transfer Amount: $15
Available in:
Extra Features:
- Ria exist in more than 140 countries and over 300K locations.
- Easy & safe to send and receive money.
- Useful for cash pickup almost everywhere.
Time to open Account: Few hours
4
FCA, HMRC
Up to 24h
  • Direct to Bank
  • Cash pick-up
Med
5
FCA
Up to 24h
  • Direct to Bank
  • SWIFT
  • Mobile Transfer
Med
6
FCA
More than 48h
  • Direct to Bank
Med
7
FCA
Up to 24h
  • Mobile Transfer
  • Mobile Wallet
  • Mobile top-up
High
8
FCA
More than 48h
  • Direct to Bank
  • Mobile Transfer
High
74
9
FCA
24-48h
  • Direct to Bank
  • Mobile top-up
  • SWIFT
High
10
FCA
24-48h
  • Cash pick-up
  • Direct to Bank
High
66

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Frequently Asked Questions

One of the first things that you need to do when considering an international money transfer is to make a research of the providers, including exchange rates, speed of transfer, and credibility of the companies which you are considering.

See here for more information on how to compare. 

  • Bank transfers. Many major banks can safely wire your funds to Brazil. Banks rely on existing links between banks and banking systems worldwide. However, a downside is the higher fees and weaker exchange rates you’ll typically receive. The fees for wire transfers are estimates and vary from bank to bank. Depending on how you send the money, the exchange rate fee will be paid by your sending bank or the receiving bank. Major Brazilian banks like Banco do Brasil, Banco Bradesco Financiamentos, Caixa Econômica Federal, HSBC, Banco Itaú however are reasonable when exchanging from USD to reals and only charge a 1% hidden fee. The fee will be higher for other currencies though.
  • Online money transfer services. Companies like World First, MoneyCorp and WorldRemit make international money transfers to Brazil easy. These specialists offer more affordable transfers than banks do, allowing you to quickly and easily manage your transactions from home. With competitive exchange rates and lower fees, you can send funds from your bank account. Many also allow you to pay with a credit or debit card.
  • Providers with cash pickup. Trusted providers like  Western Union, MoneyGram, and Ria offer the option of cash pickups from thousands of agent locations across Brazil. (For example, Western Union has more than more than 10,000 agent locations in Brazil) In some cases, Western Union allows you to send up to $2,999 for free.They offer the key advantage of giving your recipient fast access to the cash you send — sometimes within minutes. However, services typically cost more than an online transfer specialist and vary by where you’re transferring your money and how you’re paying for it.
  • PayPal and/or Payoneer transfers. Payoneer is also one of the solid ways for sending money to the Brazil. Not just for online purchases, PayPal offers transfers to more than 100 countries, including Brazil and supports multiple currencies. Its exchange rates are often better than those you’ll get from a bank but not quite as strong as rates from money transfer companies. PayPal calculates its transfer fee as a percentage of the amount you’re sending — meaning it’s often better for sending smaller amounts of money. Despite having minimal fees for their selected partners, you need to keep in mind that Payoneer charges recipients, too.
  • In most of the cases you will need a valid I.D. presented at some point. In some cases the recipient personal data might be required as well. Please check the local regulations of the sending location & agent.
  • If sending to a bank account, you also need your recipient’s bank name and account number.
  • If sending to a mobile wallet, you also need your recipient’s mobile number with international dial code

The limit per one transfer may vary depending on the conditions of the provider that you are using. For example, the maximum amount per transaction through Western Union is USD $5,000, while many others have no maximum limit. However, many if not all of the agents have a minimum limit for a transaction and it could vary from 1$ to 1000$. Local country laws may further limit payment amounts. International money transfers in Brazil are monitored by the Banco Central do Brasil. Due to Brazilian regulations, if your transfer amount exceeds the equivalent of 10,000USD (per transfer) in BRL, or 50,000BRL per month or 100,000BRL per year  you may be contacted for extra information.

If you’re sending a transfer to BRL which is above one of the below limits (set by the Brazilian Government), your recipient in Brazil will be asked to complete two forms – a ‘Procuração’ (power of attorney) and a ‘Ficha Cadastral’ (registration form). If your transferring the funds to yourself, you should complete the forms as a recipient.
Please ensure that your recipient’s phone number is located in Brazil and is 100% correct and working, this is a must when transfering funds to Brazil.

According to the regulation, Brazilian banks must observe the following limits:
If the amount does not exceed R$ 10,000.00, you can receive in
cash or in any payment instrument in use in financial market. Above this
amount, only by credit in an account, bank transfer or check.

Transfers to Brazil can only be personal transfers. Both the sender and recipient must be a privately owned account of an individual. The money for a BRL transfer cannot come from a business account,  trust fund, or any type of third party account and it can not be sent to a business in Brazil.

Depending on the type of remittance and the provider you are using, the transfer could be available to your recipient in Brazil anywhere between few minutes and few days. Please check the specific conditions fitting your case.

To receive in reals currency, it is always necessary to beneficiary
present his identification. In general, banks only request additional
documentation in following situations: a) transactions over R$ 10,000.00
in case of payment orders in reais or b) transactions exceeding equivalent
of US$ 3,000.00 in case of payment orders in foreign currency.

Most of the financial institutions have online tools on their website that allow you to track the money transfer. If you have carried out the money transfer to Brazil via a bank, you can track your transaction by entering information like the tracking number and beneficiary’s account no. on the bank’s website.

When you send money via services like Xoom, Western Union, or Ria, you can always track your transfer by logging into your account on their website. The status tracking tools on the websites of these services keep the customers updated about the change in status. The recipient in Brazil can also check the status of the transfer online. The check transfers and bank draft transfers can also be tracked online. Some of these institutions even provide updates via email and SMS where the sender and the receiver can keep a check on the status. A few companies like TransferWise and Xoom have mobile apps that enable customers to check the status of transfer on their mobile devices.

For the most cases, the answer is no. However, your recipient could be on the hook for a gift tax as regulated by the local laws. Please check your specific case with the chosen provider.

When sending a lot of money, your recipient could be on the hook for taxes regulated by the Brazilian Department of Federal Revenue.

Gift and donation taxation rates vary among the 26 states of Brazil, ranging from 4% in Rio de Janeiro to up to 7% in Santa Catarina. Beneficiaries of these gifts are responsible for declaring and paying this tax with their annual returns by April 30. If you fail to file taxes on a large money transfer today, you could face a penalty equal to 20% of the tax in question. If you’re caught in one of the country’s irregular sweeps for unpaid taxes, that penalty increases to a stiff 75% of the amount you owe. Encourage your family and loved ones to include any large remittance on their annual tax return or speak to a tax professional for guidance.

Apart from the possible tax for the recipient, in 2017, US Congress submitted a bill proposing a 2% tax on remittances to Latin American countries that include Brazil,r — a tax for the senders from US,that’s a significant key to fulfilling the Trump administration’s campaign promise to build a border wall between the US and Mexico. Make sure to check the most updated information!

When you’re sending money overseas, in many cases you’ll need to convert the funds you send into another currency. But the provider or agent will convert the currency anyway, so you don’t have to deal with it yourself. Generally, Agent locations only accept cash in local currency. The receiver in Brazil will be paid out in Brazilian Reals only (BRL).