Last updated on March 8th, 2024 at 04:50 pm
In 2020 alone, remittances into Brazil totaled over 3.3 billion USD. British pounds, euros, and U.S. dollars—currencies of all kinds—flood into the country every day.
People like you have earned money in a country hundreds and thousands of miles away, and now you want to send some of it back to your loved ones in Brazil as remittances.
As of 2020, the average transfer fee for an international remittance was 7%, which amounts to tens of billions of dollars on an annual basis. Is there a better way to send money with low transfer fees?
Consider online money transfer companies like Remitly—reliable, easy to use, safe transfer, and low fees.
In this article, we will cover common FAQs and how to get started.
Why Should I Use Remitly to Send Money to Brazil?
Remitly offers competitive exchange rates, secure and fast delivery.
The pricing structure for sending money to Brazil is simple with no hidden fees.
Send Money to Brazil in 5 Easy Steps
Sending money online to your loved ones with Remitly is simple. First, if you haven’t already, download the app and create an account.
- Select Brazil as your destination country.
- Enter the amount you wish to send.
- Choose your delivery methods such as bank deposit, cash pickup, or Pix.
- Enter your recipient’s information including the recipient’s bank account number or phone number.
- Enter your payment method such as your bank details, credit card, or debit card info.
Remitly may ask for additional documentation depending on the amount you send or if we’re unable to verify your identity.
Which Banks/Providers Can I Send Money to With Remitly?
As of writing, you can send money to these providers in Brazil with Remitly. For the full list, check the app or website.
- Caixa
- Banco do Brasil
- Nubank
- Itau
- Bradesco
- Santander
- Banestes
- Sicoob
How Much Money Can I Send to Brazil With Remitly?
To ensure top-quality customer service while adhering to strict security standards and international regulations, Remitly has implemented sending limits. These limits apply when you first open your account.
For customers who send to Brazil from the United States, as of writing, the initial sending limits with Remitly are:
- $2,999 in 24 hours
- $10,000 in 30 days
- $18,000 in 180 days
If you need to transfer amounts beyond this, Remitly will ask you for more information. For more about raising your transfer limits, check out details here. Additional sending limits may apply depending upon your choice of payout partner or receiving location.
How Much Does It Cost to Send Money to Brazil With Remitly?
For current pricing on money transfers to Brazil, including our exchange rates, check the app or website. At the time of this writing, transfer fees to Brazil are:
- For U.S. customers, Express transfers to Brazil are USD $5.99.
- For those in Canada, Express transfers to Brazil are CAD $4.99.
- For customers in Australia, Express transfers to Brazil start at AUD $4.99.
- For those in the United Kingdom, Express transfers to Brazil are only GBP £2.49.
Wonder how much 1 USD can exchange for BRL? Check out Remitly’s website for the most current rates.
Learn more about the Brazilian real: 7 Facts You Probably Didn’t Know about the Brazilian Real
Is It Safe to Send Money to Brazil With Remitly?
Millions of people around the globe trust Remitly because of the secure and smooth money transfer experience we provide. You can learn more about how Remitly goes above and beyond to keep your information and money safe.
Remitly offers a full in-house security team and uses two-factor verification for signing in and data encryption for transfers. You and your recipients can track the transfers in real-time, so you won’t have to worry about where the money is. If you have questions throughout the process, we offer help 24/7.
You can have peace of mind that the money you’ve worked hard to earn will safely get to its destination.
More About Brazil
Brazil is a diverse country with a rich history. Its European discovery was in 1500 when Portuguese settlers met Tupinamba Indians.
This discovery led to more than three centuries of colonization, ending finally when Pedro I declared Brazilian independence in 1822, establishing a Brazilian empire. After struggles with military rule for decades, Brazil now has a functioning democracy.
As a developing, mixed economy, Brazil has the 12th-largest gross domestic product and the eighth-best purchasing power.
Brazil’s major cities are Rio de Janeiro, Sao Paulo, and Brasilia (the capital). Its official language is Portuguese.
The Brazilian diaspora is truly global. While most of the diaspora is in the United States, there are also large numbers in the United Kingdom, Japan, and Canada. Most of the emigration from Brazil occurred in the 1980s as a response to hyperinflation.
If you consider moving to Brazil, read this guide: Relocation Guide: 7 Things You Should Know Before Moving to Brazil
