Brazil IBAN
A Brazil IBAN is 29 characters long.
BR and two check digits open every Brazil IBAN; its remaining 25 form the BBAN (Basic Bank Account Number). Transfers into Brazil arrive in BRL over SWIFT.
Example Brazil IBAN
Electronic format
BR1800360305000010009795493C1
Print format
BR18 0036 0305 0000 1000 9795 493C 1
IBAN structure for Brazil
Major banks in Brazil
8 banks in Brazil that support IBAN-based international transfers:
Format reference: SWIFT IBAN Registry.
Brazil IBAN questions
What is the IBAN format for Brazil?
A Brazilian IBAN is exactly 29 characters long. It starts with BR, 2 check digits, an 8-digit ISPB bank code, a 5-digit branch code, a 10-digit account number, and 2 alphanumeric check characters. Example: BR15 0000 0000 0000 1093 2840 814 P2.
Is Brazil part of SEPA?
No. Brazil is not a SEPA member. International transfers to Brazil are processed through the SWIFT network. Brazil's domestic payment ecosystem includes PIX (instant payments), TED (large-value real-time), and DOC (scheduled retail transfers), all regulated by the Banco Central do Brasil (BCB).
What are the ISPB codes for Banco do Brasil, Itau, Bradesco, and Santander Brazil?
Brazilian bank ISPB codes (8 digits, positions 5–12 of the IBAN): Banco do Brasil is 00000000, Itau Unibanco is 60701190, Bradesco is 60746948, Santander Brasil is 90400888, and Caixa Economica Federal is 00360305.
Do I need my CPF or CNPJ as well as my IBAN to receive an international transfer?
Yes. Brazilian banks typically require the sender to provide not only the recipient's 29-character BR IBAN and SWIFT code but also the recipient's CPF (Cadastro de Pessoas Fisicas — individual tax ID) or CNPJ (for businesses) for compliance with BCB anti-money laundering regulations. Omitting the CPF/CNPJ can cause the transfer to be delayed or returned.
How do I find my IBAN at Banco do Brasil, Itau, or Bradesco?
Brazilian banking apps typically emphasise PIX keys and domestic account numbers rather than the IBAN. Your BR IBAN may not be immediately visible in the app — you may need to contact your bank's customer service, visit a branch, or look in the international transfers section of the online banking portal to obtain your 29-character IBAN.
What is Brazil's IOF tax on inbound international transfers?
Brazil's IOF (Imposto sobre Operacoes Financeiras) is a financial operations tax that can apply to inbound international wire transfers. The rate depends on the transaction type — commercial payments, capital transfers, and personal remittances each have different IOF rates (some are 0%). Consult your bank or a local tax adviser to understand which IOF rate applies to your specific transfer type.
Can I receive USD or EUR without conversion to BRL?
Generally, CBE requires all inbound foreign currency to be converted to BRL at the official exchange rate. Brazil does not broadly allow residents to hold foreign currency in standard bank accounts. Some specialised accounts for companies with export activities or certain investment accounts may have different rules — consult your bank about options if this is a concern.
What is PIX and is it used for international transfers?
PIX is Brazil's highly successful instant domestic payment system launched in 2020. It uses CPF, phone number, or email as payment keys and settles transactions 24/7 in seconds. However, PIX is strictly a domestic Brazilian system — it cannot be used for international transfers. For receiving money from abroad, only IBAN-based SWIFT transfers are applicable.
How IBAN is used in Brazil
Brazil uses a 29-character IBAN overseen by the Banco Central do Brasil (BCB). Brazilian bank accounts carry the BR prefix and the IBAN is used for international wire transfers to Brazil, alongside the domestic CPF (individual) or CNPJ (business) tax identification number. Brazil is not part of SEPA; international payments are processed via SWIFT. The domestic currency is the Brazilian real (BRL). Domestically, Brazilians use PIX, TED, and DOC payment systems — the IBAN is used specifically for international routing.
- A Brazilian IBAN is 29 characters long: the country code BR, two check digits, an eight-digit bank code (ISPB code), five-digit branch code, ten-digit account number, and two check characters. Major banks include Banco do Brasil (ISPB 00000000), Itau Unibanco (60701190), Bradesco (60746948), and Santander Brasil (90400888). Your IBAN is not always displayed prominently in Brazilian banking apps, which focus on PIX keys and domestic account numbers — you may need to contact your bank directly to obtain it.
- Brazil's PIX instant payment system, launched in 2020 and regulated by BCB, dominates domestic transfers using CPF, phone number, or email as identifiers rather than IBAN. However, for receiving international wire transfers from abroad, the sender needs your full 29-character BR IBAN, your bank's SWIFT/BIC code, and often your CPF or CNPJ tax number for compliance purposes.
- When receiving a foreign currency wire to Brazil, BCB regulations require that the funds be converted to BRL at the exchange rate agreed with your bank. Brazil's IOF (Imposto sobre Operacoes Financeiras) tax applies to inbound foreign currency transfers at varying rates depending on the transaction type. Transfers classified as financial loans, capital investments, or commercial trade payments carry different IOF rates — consult a local tax adviser or your bank if you regularly receive international transfers above modest amounts.
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