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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.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
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.
The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.
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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. |
Not only does Miguel’s family receive 94.58 BRL with the second service, Miguel pays $38 AUD more for the transfer.
Back to topAs 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:
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:
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:
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
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.
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.
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.
Praca Da Republica 70
Rio De Janeiro, 20211351
Phone: 1140044536
Hours: Monday through Friday 10am to 4pm Saturday and Sunday closed.
Avenida Passos 120 14 Andar
Rio De Janeiro, 20051
Phone: 1135299999
Hours: Monday through Friday 9am to 7pm Saturday 9am to 2pm Sunday closed.
Largo 7 De Setembro 74 82 LJ
Centro
Sao Paulo, 1501050
Phone: 1140044536
Hours: Monday through Friday 10am to 4pm Closed Saturday and Sunday.
Rua Libero Badaro 4000
Sao Paulo, 01008
Phone: 1132180999
Hours: Monday through Friday 8am to 5pm Saturday 8am to 12pm Sunday closed.
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 topYou 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:
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.
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