Get the Finder app 🥳

Track your credit score

Free

Send money to Brazil

Send money to Brazil using an international money transfer service and you could beat the bank's rates.

Updated . What changed?

Fact checked

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Sending money from Australia to Brazil doesn't have to be expensive and stressful. Compare the transfer fees and exchange rates of your many options to get the most Brazilian real for your dollar.

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. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.

  • Minimum transfer amount: $1
  • Maximum transfer amount: $50,000
  • Online transfer fee: $3.99
  • Cash pick up available.
Go to site
Promoted

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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 Same day AUD 0.00 3.985 BRL
19,926
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 0 Same day AUD 2.99 3.961 BRL
19,794
Special offers like free transfers and better exchange rates available for new customers.
Affordable transfers around the world with both express and economy options. Express transfers delievered in as little as 10 minutes for an extra fee.
Go to site Show details
AUD 1 Same day AUD 3.99 3.957 BRL
19,770
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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 1Money 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.

Back to top

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.
Back to top

How to send money to Brazil from Australia

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.

Tax and regulations for sending money to Brazil

Australians sent US$28 million to Brazil in 2017 through banks and money transfer services, according to the World Bank. But 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.

What are the penalties for not filing taxes on a large remittance?

If you fail to file taxes on a large money transfer, you could face a penalty equal to 20% of the tax in question. Brazil previously lacked any penalties for evading tax, but they've recently tightened their regulations. 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.

You could also be hit with jail time of six months to two years, with increased fines for subsequent evading.

Encourage your family and loved ones to include any large remittance on their annual tax return or speak to a tax professional for guidance.

Do I have to report large transfers out of Australia?

In Australia, you won't need to worry about reporting any money you send overseas. Money transfer companies and banks are required by law to report transfers over $10,000 as well as any suspicious transactions. The regulatory body in Australia is AUSTRAC (Australian Transaction Reports and Analysis Centre), and it collects this data to help prevent money laundering and terrorism.

Find out more on sending money into Australia


DISCLAIMER: This article is general advice. It does not consider your own personal circumstances and may not be applicable to you. You should obtain professional advice and consider your own situation before acting on anything contained in our article.


Back to top

Emergency cash transfers in Brazil

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.
Back to top

Western Union and MoneyGram Cash pickup locations in Brazil

Western Union – Rio De Janeiro

  • Bradesco R Constan Ramos URJ

    R Constante Ramos 29a E 33

    Ag 2743

    Rio De Janeiro, Rj 22051-011

    Phone: +55-21-25484925

    Hours: Monday through Friday 10am to 4:30pm Closed Saturday and Sunday

  • Banco Do Brasil

    Almirante Goncalves

    Avnsrade Copacabana 1107

    Rio De Janeiro, Rj 22060040

    Phone: +55-71-33512475

    Hours: Monday through Friday 9am to 4pm Closed on Saturday and Sunday.

Western Union - Sao Paulo

  • Alexandre Almeida D Uraes ME

    Av Giovanni Gronchi 5819 Terr

    Morumbi

    Sao Paulo, Sp

    Phone: +55-11-37393737

    Hours: Monday through Friday 10am to 9pm Saturdays 10am to 4pm Sunday closed.

  • Banco Do Brasil

    Rua Sao Bento, 465 Terreo

    Centro Boulevard Sao Joao-sao Paulo

    Sao Paulo, Sao Paulo 01011100

    Phone: +55-11-31181112

    Hours: Monday through Friday 9am to 3pm Saturday and Sunday closed.

MoneyGram - Rio De Janeiro

  • Banco ITAU #8103

    Praca Da Republica 70

    Rio De Janeiro, 20211351

    Phone: 1140044536

    Hours: Monday through Friday 10am to 4pm Saturday and Sunday closed.

  • Pacifica #5

    Avenida Passos 120 14 Andar

    Rio De Janeiro, 20051

    Phone: 1135299999

    Hours: Monday through Friday 9am to 7pm Saturday 9am to 2pm Sunday closed.

MoneyGram Sao Paulo

  • Banco Itau #8206

    Largo 7 De Setembro 74 82 LJ

    Centro

    Sao Paulo, 1501050

    Phone: 1140044536

    Hours: Monday through Friday 10am to 4pm Closed Saturday and Sunday.

  • OM DTVM Libero Badararo

    Rua Libero Badaro 4000

    Sao Paulo, 01008

    Phone: 1132180999

    Hours: Monday through Friday 8am to 5pm Saturday 8am to 12pm Sunday closed.

Back to top

Tips for picking up cash in Brazil

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.

Back to top

How to send money to Brazil

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.

Back to top

More guides on Finder

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

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.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

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.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site