Last updated on March 6th, 2024 at 05:40 pm
If you’ve left Brazil to work abroad, you’re far from alone. Research that was recorded back in 2014 by Brazil’s Foreign Ministry showed there were around three million people from the country living across the world at that point, and it’s likely there are even more today. It’s certainly the case that many are sending money to Brazil in large amounts from all corners of the planet. In 2019 alone, the equivalent of over $3 billion was transferred in remittances – an amount that helps not only families, but also boosts the nation’s GDP.
As you probably know, however, it can be tricky to find a way to send Brazilian reais in a way that isn’t expensive or complicated. At Remitly, we’re proud to provide an online money transfer service that provides clear, fair exchange rates, and lets your loved ones receive Brazilian reais either in cash at a designated location, or directly into their bank accounts. If they’re with Itaú Unibanco, read on to learn more about making the transfer with Remitly.
Send Money to Itaú Unibanco in Brazil in 5 Easy Steps
Sending money to Brazil with Remitly takes only minutes to arrange. Here are the steps to follow.
- For first-time users, download the Remitly app and create an account. Then select Brazil as your destination country.
- Enter the amount you wish to send.
- Choose Bank Deposit as your delivery method and Itaú Unibanco as your location.
- Enter your recipient’s bank account details.
- Enter your payment details.
That’s all you’ll need to do, other than give your details a check over to ensure there aren’t any typos or other errors. We may ask for additional documentation depending on the amount sent or if we are unable to verify your identity. Your BRL transaction will be transparent from start to finish, never wonder or worry about your money making it home thanks to our real-time transfer updates.
Why Should I Use Remitly to Send Money to Itaú Unibanco?
As far as we’re concerned, sending money to Brazil shouldn’t be a complex or time-consuming process. So, as well as providing a convenient app that allows you to send money from the comfort of your home, we also clearly lay out any fees that may be payable, and we always provide great exchange rates with every transfer. If you need to cancel your transfer and the money hasn’t yet been collected by your recipient in Brazil, we’ll provide a full refund.
Related reading: How to Send Money Safely to Caixa Econômica Federal in Brazil in 5 Easy Steps
How Much Money Can I Send to Itaú Unibanco with Remitly?
We’re here to make life easier for you, which means you can use Remitly to send both large and small amounts of money back to Brazil. We do also have to comply with international regulations on remittances, and ensure your online safety is never compromised. This is why there are sending limits in place, and as of this writing, customers who’ve provided the minimum amount of verification details can transfer up to the following:
- US$2,999/€5,000/AUD$2,999/£5,000 within 24 hours
- US$10,000/€15,000/AUD$10,000/£15,000 within 30 days
- US$18,000/€50,000/AUD$18,000/£50,000 within 180 days
Additional sending limits may apply depending upon your choice of payout partner or receiving location. We know that you may need to send more, however. That’s why you can apply to have your limit increased after you’ve been a customer for 24 hours or more. We may ask for extra details and documentation outlining the sources of your funds and reasons for sending, and we should be able to tell you if your request has been approved within 48 hours.
How Quickly Will My Money Arrive at Itau Unibanco ?
Need your remittance to get to your recipient as quickly as possible? When you’re in a hurry, choose Remitly’s Express option and pay using your debit or credit card and the money will be in your loved one’s bank account fast. If you’re looking for more value and the transfer isn’t urgent, choose Economy and pay with your bank account.
Is it Safe to Send Money to Itaú Unibanco with Remitly?
As an online remittance company trusted by customers across the globe, we take online safety seriously. We have multiple levels of security in place, so that every international money transfer can be made with complete peace of mind. Your personal data is protected 24/7 through fraud monitoring and encryption.
Plus, our real-time transfer updates mean you won’t worry about your money making it home. Provide your recipient’s phone number in your transfer and your loved ones can also receive updates.
Read on here to learn about security at Remitly
More about Itaú Unibanco
Itaú Unibanco was created in 2008 thanks to a landmark merger between two long-standing banks whose respective histories went back generations. As one of the largest financial institutions in the Southern Hemisphere, it now boasts over 90,000 employees and over 60 million customers.
As well as providing a range of banking services for its many members, the bank takes its social responsibility seriously, investing large amounts into good causes. This has included putting around R$ 280 million into hundreds of educational projects, and almost R$ 160 million into numerous cultural initiatives.