Send money to Brazil

Wise offers the best BRL exchange rate for USD/EUR/GBP-to-BRL transfers, typically within 0.5% of the mid-market rate. Remitly is competitive for smaller amounts. Given BRL volatility, the rate at the moment you send matters significantly — check multiple providers in real time using our comparison above.

Yes — Wise and several other providers now support PIX delivery to Brazil. Recipients register a PIX key (mobile number, CPF/CNPJ tax ID, email, or random key) with their bank. Wise transfers directly to a PIX key, with settlement in seconds once the international leg clears. This is the fastest and most convenient delivery method available.

IOF (Imposto sobre Operações Financeiras) is a 0.38% Brazilian federal tax on inbound international transfers. It is deducted automatically by the receiving bank in Brazil. If you send $1,000, approximately $3.80 is taken as IOF, and the remaining amount is converted at the applicable FX rate. This applies to all providers equally and cannot be avoided.

Wise typically delivers to Brazilian bank accounts within 1–2 business days. With PIX delivery, the recipient receives funds within seconds of the transfer completing on the international side. Standard SWIFT bank wires take 2–4 business days. Remitly Express can deliver within hours. BRL volatility means locking in a rate at the time of sending is important.

For bank transfers, you need the recipient's full CPF (individual tax number), agency code (4 digits), account number with digit (typically 6–7 digits + 1 check digit), and bank code (3-digit COMPE code or 8-digit ISPB code). For PIX delivery, just the PIX key is sufficient. Common bank codes: Itaú (341), Bradesco (237), Banco do Brasil (001), Caixa (104), Nubank (260).

Personal remittances received in Brazil (e.g. family support, gifts) are not subject to income tax. However, IOF of 0.38% applies as a financial transactions tax. Regularly received funds that look like employment income may be classified differently. Inheritances and large gifts may trigger ITCMD (gift and inheritance tax) at the state level. For most everyday family remittances, the only cost is IOF.