Brazilians who come to Australia often do so in order to earn enough money to make a business investment back home or to send funds to family. In order to do be able to accomplish this, you must find a reliable means of sending money to the target Brazilian bank account.
Before embarking on this venture, be sure to look closely at your options for sending money from Australia to Brazil. You don’t want to end up losing a significant amount of your intended investment capital in fees and low exchange rates.
Send money to Brazil with WorldRemit
WorldRemit International Money Transfers
Send money online within minutes
Large range of destinations
Able to send to cash pickup locations
Send money to Brazil with WorldRemit
Use promo code 3FREE to send your first 3 transfers with no fee.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
International money transfers to Brazil: product and service comparison
The table below displays some of the options available for sending funds to Brazil. You can use the table headings to help sort products by fees, features and more.
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Keep ahead of the curve with daily currency exchange rate alerts
Speak to a FX Expert
Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.
They can help you with all your needs including:
Buying property abroad
Emigrating
Regular overseas payments
Risk management
Forecasting
Banks vs money transfer companies
Miguel moved to Australia recently to continue his studies to become an architect. He also works part-time in order to support himself. With a large family in Brazil, they often ask him for help in paying bills.
Feeling like he was paying too much money in fees with his Australian bank, he made the decision to compare other options available to him in sending money from Australia to Brazil.
Money transfer Service 1
Money transfer service 2
Exchange rate.
1 AUD is equal to 2.11 BRL.
1 AUD is equal to 2.01 BRL.
Transfer Fee.
$22 is charged for sending $1,000 AUD. This fee changes depending on the amount you are sending.
The sender is charged $60 for the transaction.
Amount received for $1,000 Australian dollars.
2108.36 BRL will be received by Miguel’s family.
2013.78 BRL when he uses this money transfer service.
Turnaround time.
With this money transfer service the time to send the money within a few minutes.
The time it takes to complete the transfer is typically ten minutes or less.
Transfer options.
Your recipient will be picking up cash at one of the company's locations.
This is a cash pick-up service only. A member of Miguel’s family will need to present themselves to accept the money.
What’s the difference?
Not only does Miguel’s family receive 94.58 BRL with the second service, Miguel pays $38 AUD more for the transfer.
How to compare transfer companies when transferring money to Brazil
As you can see, there is a big difference in value between the two transfer companies that Miguel is looking into. Had he continued to use the second company without investigating his options, he would have lost a substantial amount of money over the time he spent in Australia. You can save yourself from the same mistake by checking the following features of different money transfer companies before your move from Brazil to Australia:
Exchange rate. Currency values will make a big difference in the cost of a money transfer service. Do not overlook this important aspect when comparing companies.
Fees. As you can see in Miguel’s case, there was a large difference in the fee charged for transferring money from Australia to Brazil. Keep in mind that these fees generally go up with the amount of money you are sending.
Pick-up options. Some transfer services will allow you to send cash to be picked up in Brazil, while most others will allow you to send funds from bank account to bank account.
Turnaround time. If you are often called upon to send money in an emergency, you will want to find a company that transfers the money quickly.
Transfer amounts. If you have plans on sending large quantities of money at a time you will have to check the policy of each company you look into. Most have a limit on how much you can send per transfer and even per day.
The Brazilian Real is not a common currency in Australia, making your options limited in sending money from Australia to Brazil. For this reason you may find it difficult to find a bank in Australia that will conduct the money transfer for you.
This means that you will most likely have to use an established money transfer service for the transaction. Here are a few options to look into when trying to find the best rates and fees:
Citibank. This Citibank Plus Transaction account is an everyday bank account which can send funds to any account anywhere in the world for free, using the Visa exchange rate for the day.
MoneyGram. This transfer service allows transactions between Australia and Brazil. Your recipient will be expected to pick-up the funds at one of their locations.
WorldRemit. With WorldRemit you can initiate the transaction online using a credit or debit card. Your recipient can either pick-up the money at one of their locations or have a debit card recharged.
Western Union. With Western Union you also have the option of sending the money from your computer. The recipient however will need to retrieve the money in person.
If you are visiting Brazil and have lost your wallet you may have a few options worth exploring to replace any cash that was lost:
Your travel insurance. Depending on your policy, some travellers may be able to get emergency cash if they fulfil the correct requirements.
Cash transfer services. Transfer services are not exclusive to residents of Brazil. So long as you are in possession of your passport, companies such as Western Union and MoneyGram can be used to send you money from Australia to Brazil.
Your credit card company. Many platinum credit cards now offer forms of complimentary traveller protection with the use of their card. You may be able to contact them and get funds sent to you if you are left without any money due to an unfortunate incident.
According to the Australian Department of Foreign Affairs and Trade Australians who choose to travel to Brazil should exercise a high degree of caution. If you are picking up money at a money transfer location you should take every possible precaution before heading out. Only go during the day and make sure you travel by reliable means with someone you trust.
You will need precise information for your recipient when sending money from Australia to Brazil. Prepare yourself and them ahead of time by having the following information ready:
Name. You will have to know the exact name on the recipient’s identification. Check the paperwork given to you before leaving the location to make sure that the agent has also spelled it right.
Transfer number. At the conclusion of your transaction you will be given a transfer number. The recipient will have to know this number in order to pick up the money. Make sure that you can easily reach them and give them this number.
Amount. The recipient will be asked for the amount sent along with your name and possibly your contact information. Make sure that they know all of this before they go to the pickup location.
Security question. In some cases you can arrange for a security question to be answered by the recipient as further proof of identification.
You will receive documentation at the conclusion of your transaction. Make sure that you save this in the event your recipient has a problem with collecting the money.
Once you have found the money transfer company that gives you the best rates and fees, you will find that you are able to send even more money back to Brazil. Carefully conduct your investigation into all of the options available to make sure that you are getting the most value for your hard earned money.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
TorFX guarantees to match any competitor's exchange rate. Conditions apply. Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees as a Finder customer when you transfer your money overseas with Global Reach.
Better exchange rates for Finder customers. Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.
Products marked as 'Promoted' or "Advertisement" are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options and find the best option for you.
The identification of a group of products, as 'Top' or 'Best' is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment.
We try to take an open and transparent approach and provide a broad based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use for more information about our services and our approach to privacy.
