Send Money to Brazil Efficiently

Information verified correct on December 8th, 2016

Brazil

Compare your options when sending money from Australia to Brazil

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.

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.

Rates last updated December 8th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Citibank Plus Everyday Account
Citibank Plus Everyday Account
A transaction account with free transfers to any country and no foreign transaction or international ATM withdrawal fees. AUD 0 Same day Online, Phone, Agent, Bank Account to Bank Account More
WorldRemit international money transfers
WorldRemit international money transfers
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. AUD 0 Within an hour Online, Bank Account to Bank Account, Cash Transfer Go to site More

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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.

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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.
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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.
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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.
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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 10 am to 4:30 pm 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 9 am to 4 pm 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 10 am to 9 pm Saturdays 10 am to 4 pm 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 9 am to 3 pm 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 10 am to 4 pm Saturday and Sunday closed.

  • Pacifica #5

    Avenida Passos 120 14 Andar

    Rio De Janeiro, 20051

    Phone: 1135299999

    Hours: Monday through Friday 9 am to 7 pm Saturday 9 am to 2 pm 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 10 am to 4 pm Closed Saturday and Sunday.

  • OM DTVM Libero Badararo

    Rua Libero Badaro 4000

    Sao Paulo, 01008

    Phone: 1132180999

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

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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.

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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.

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International Money Transfer Offers

Learn about our information service
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply

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Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

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Exclusive offer: 3 Free transfers (after your first transfer).
A peer-to-peer transfer service with a large range of currencies on offer.

FC Exchange International Money Transfers

No transfer fee via online, branch or phone when transferring more than £10,000 or equivalent.

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