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Send money to Brazil
USD
BRL|Updated recentlyMid-market 5.0552Cheapest todayof 17 providers
InstaReM
Rate 5.0476 · Fee free
You send
$1,000
Recipient gets
R$5,048
R$33 more than the most expensive provider · 0.15% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money to Brazil in May 2026 is InstaReM, which delivers 5,047.58 BRL on a 1,000 USD transfer with a fee of zero and an exchange rate of 5.0476. According to SendMoneyCompare's comparison of 17 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 33 BRL.
Last reviewed: by Awais Imran, Reviews Editor
↓
Rates are low right now
10th percentile
Based on 60 days of data (2026-03-13 to 2026-05-20)
Today's best
R$501.74
Remitly
60-day avg
1 USD = 5.21 BRL
Best rate
5.43
2026-04-08 · Remitly
Worst rate
4.97
2026-05-19 · TapTap Send
What is the cheapest way to send USD to BRL?
Sending $1,000 from to Brazil. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 5.0476·Fee Free·0.15% markup
↓ 5.6% over 60dAvg: 5.07 BRL (-1.1% vs avg)Range: 4.85–5.31
1
InstaReMBest value
1-3 business days0.15% markup
↓ 5.6% over 60dAvg: 5.07 BRL (-1.1% vs avg)Range: 4.85–5.31
5.0476
Free
R$5,047.58
Rate 5.0425·Fee $1.99·0.25% markup
↓ 3.6% over 60dAvg: 4.99 BRL (+1.1% vs avg)Range: 4.81–5.27
2
5.0425
$1.99
R$5,032.49
Rate 5.0360·Fee $1.99·0.38% markup
Most stable rate
↓ 4.1% over 54dAvg: 5.22 BRL (-3.5% vs avg)Range: 4.98–5.25
3
2 days0.38% markup
Most stable rate
↓ 4.1% over 54dAvg: 5.22 BRL (-3.5% vs avg)Range: 4.98–5.25
5.0360
$1.99
R$5,025.93
Rate 5.0157·Fee $1.50·0.78% markup
↓ 5.2% over 54dAvg: 5.25 BRL (-4.5% vs avg)Range: 4.95–5.29
4
5.0157
$1.50
R$5,008.21
Rate 5.0238·Fee $3.99·0.62% markup
↓ 5.4% over 60dAvg: 5.09 BRL (-1.4% vs avg)Range: 4.86–5.43
5
5.0238
$3.99
R$5,003.78
Rate 5.0481·Fee $11.07·0.14% markup
↓ 5.2% over 60dAvg: 5.05 BRLRange: 4.89–5.32
Rate 4.9798·Fee Free·1.49% markup
↓ 4.2% over 54dAvg: 4.98 BRL (-0.1% vs avg)Range: 4.86–5.20
7
Under 3 minutes (95% of transfers)1.49% markup
↓ 4.2% over 54dAvg: 4.98 BRL (-0.1% vs avg)Range: 4.86–5.20
4.9798
Free
R$4,979.84
Rate 4.9824·Fee $2.99·1.44% markup
↓ 4.9% over 54dAvg: 5.20 BRL (-4.2% vs avg)Range: 4.91–5.24
8
4.9824
$2.99
R$4,967.47
Rate 4.9601·Fee Free·1.88% markup
↓ 5.3% over 54dAvg: 5.19 BRL (-4.6% vs avg)Range: 4.89–5.23
9
4.9601
Free
R$4,960.13
Rate 4.9687·Fee $1.99·1.71% markup
↓ 5.0% over 54dAvg: 5.20 BRL (-4.4% vs avg)Range: 4.91–5.23
10
4.9687
$1.99
R$4,958.83
Rate 4.9500·Fee $4.50·2.08% markup
Best rate 39 of 60 days
↓ 4.1% over 54dAvg: 5.16 BRL (-3.5% vs avg)Range: 4.87–5.19
11
Minutes to 2 days2.08% markup
Best rate 39 of 60 days
↓ 4.1% over 54dAvg: 5.16 BRL (-3.5% vs avg)Range: 4.87–5.19
4.9500
$4.50
R$4,927.74
Rate 4.9247·Fee $1.99·2.58% markup
2.6% markup
↓ 5.7% over 54dAvg: 5.18 BRL (-4.9% vs avg)Range: 4.86–5.22
12
0-3 days2.58% markup
2.6% markup
↓ 5.7% over 54dAvg: 5.18 BRL (-4.9% vs avg)Range: 4.86–5.22
4.9247
$1.99
R$4,914.94
Rate 4.9323·Fee $4.99·2.43% markup
↓ 6.4% over 60dAvg: 4.88 BRL (-0.3% vs avg)Range: 4.71–5.23
13
Minutes to 3 days2.43% markup
↓ 6.4% over 60dAvg: 4.88 BRL (-0.3% vs avg)Range: 4.71–5.23
4.9323
$4.99
R$4,907.71
Rate 4.9975·Fee $30.63·1.14% markup
Rate 4.8686·Fee $5.00·3.69% markup
Rate 4.8145·Fee Free·4.76% markup
↓ 3.9% over 55dAvg: 4.77 BRL (+0.9% vs avg)Range: 4.63–5.01
16
2-5 business days4.76% markup
↓ 3.9% over 55dAvg: 4.77 BRL (+0.9% vs avg)Range: 4.63–5.01
4.8145
Free
R$4,814.54
Rate 5.0147·Fee Free·0.80% markup
Potential savings: Choosing the best provider over the most expensive saves your recipient R$32.86 on a $1,000 transfer.
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Brazil receives over $4 billion in remittances annually, with significant flows from the US, Japan, the UK, and Portugal. PIX — Brazil's instant payment system launched in 2020 — has been a game changer: with over 140 million registered users, most Brazilians can receive transfers via PIX in seconds at any time of day. BRL is a free-floating currency with significant volatility, making rate comparison especially valuable.
- PIX is Brazil's real-time payment system operated by the Banco Central do Brasil. Transfers between Brazilian bank accounts via PIX settle in under 10 seconds, 24/7/365 — several international providers now deliver directly to PIX keys.
- IOF (Imposto sobre Operações Financeiras) is a Brazilian tax of 0.38% applied to inbound international transfers. This is typically deducted by the receiving bank and applies regardless of provider.
- Nubank, Itaú, Bradesco, Caixa Econômica Federal, and Banco do Brasil are the major receiving banks. Nubank now has over 80 million accounts and is widely used for everyday transfers.
- BRL has been one of the more volatile emerging market currencies — rate differences between providers can be 2–5%. Timing your transfer and choosing the right provider can make a significant difference.
- The Banco Central do Brasil has no cap on personal inbound remittances. Transfers above USD 10,000 must be declared using the DECEX system, but this is handled automatically by regulated financial institutions.
Which provider offers the best USD to BRL rate?
InstaReM
4.0Exchange rate
5.0476
Fee
Free
Recipient gets
R$5,047.58
Speed
1-3 business days
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the to Brazil route.
Cheapest transfer
InstaReM
Delivers the most BRL for your money
Fastest transfer
MoneyGram
Delivers in Minutes to 3 days
Cash pickup
MoneyGram
Widest cash pickup network
Bank transfer
InstaReM
Best rate for bank deposit to Brazil
How to send money to Brazil
Sending money to Brazil is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much USD you want to send, compare providers above, and pick the one offering the best BRL amount for your transfer to Brazil.
Step 2
Add your recipient
Enter your recipient's details in Brazil — you'll need their cpf number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — pix instant transfer typically takes seconds.
What you need to send money to Brazil
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full legal name as registered with their bank
CPF number
11-digit Cadastro de Pessoas Físicas — Brazil's individual taxpayer number (required for all transfers)
Example: 123.456.789-09
Bank account details
Bank code, branch (agência), and account number including the check digit
PIX key
OptionalPIX key (CPF, email, phone number, or random key) for instant PIX transfers
Note: Brazil requires the recipient's CPF (tax ID number) for all incoming international transfers. PIX is Brazil's instant payment system — if your provider supports it, you only need the recipient's PIX key instead of full bank details.
Transfer examples: USD to BRL
See how much your recipient would get for common transfer amounts.
Send $500
ProviderFeeReceives
InstaReM
5.05 · 1-3 business days
Wise
5.05 · Instant
MoneyGram
5.04 · Minutes to 3 days
Paysend
5.04 · 2 days
Revolut
5.01 · 0-1 days
TapTap Send
4.98 · Under 3 minutes (95% of transfers)
ProviderFeeRateReceivesSpeed
InstaReMFree5.05R$2,5241-3 business days
Wise$1.825.05R$2,515Instant
MoneyGram$1.995.04R$2,511Minutes to 3 days
Paysend$1.995.04R$2,5082 days
Revolut$0.755.01R$2,5020-1 days
TapTap SendFree4.98R$2,490Under 3 minutes (95% of transfers)
Send $1,000
ProviderFeeReceives
InstaReM
5.05 · 1-3 business days
MoneyGram
5.04 · Minutes to 3 days
Paysend
5.04 · 2 days
Revolut
5.02 · 0-1 days
Remitly
5.02 · Minutes to 3-5 days
Wise
5.05 · Instant
ProviderFeeRateReceivesSpeed
InstaReMFree5.05R$5,0481-3 business days
MoneyGram$1.995.04R$5,032Minutes to 3 days
Paysend$1.995.04R$5,0262 days
Revolut$1.505.02R$5,0080-1 days
Remitly$3.995.02R$5,004Minutes to 3-5 days
Wise$11.075.05R$4,992Instant
Send $5,000
ProviderFeeReceives
InstaReM
5.05 · 1-3 business days
Paysend
5.04 · 2 days
Remitly
5.03 · Minutes to 3-5 days
MoneyGram
5.02 · Minutes to 3 days
Revolut
5.01 · 0-1 days
Wise
5.03 · Instant to 2 days
ProviderFeeRateReceivesSpeed
InstaReMFree5.05R$25,2381-3 business days
Paysend$1.995.04R$25,1702 days
Remitly$2.985.03R$25,112Minutes to 3-5 days
MoneyGram$7.815.02R$25,072Minutes to 3 days
Revolut$0.755.01R$25,0570-1 days
Wise$43.545.03R$24,923Instant to 2 days
How much does it cost to send money from to Brazil?
Transfer fees to Brazil vary by provider and how you pay. Specialist services charge R$0–10 per transfer, while banks charge $25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total BRL your recipient receives.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically $0–$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (5.0552).
Ways to send money to Brazil
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
PIX has revolutionized payments in Brazil — it's instant, free, and available 24/7. If your provider supports PIX delivery, it's by far the best option.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Cash
Medium costSpeed: Varies
Pay cash at an agent location — available at select providers
Apple Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
Google Pay
Medium costSpeed: Minutes to hours
Convenient mobile payment — linked card fees apply
How can my recipient receive money in Brazil?
Your recipient in Brazil can receive money through these delivery methods. The best option depends on their location and preferences.
PIX Instant Transfer
Seconds
Brazil's instant payment system — available 24/7, free for individuals. The fastest way to receive money in Brazil.
WiseRemitly
Bank Deposit (TED)
Same day
Same-day bank transfer via TED system during business hours.
WiseRemitlyWorldRemitWestern Union
Cash Pickup
Minutes
Collect cash from Banco do Brasil branches and other partner locations.
Western UnionMoneyGram
What are the transfer limits and regulations for Brazil?
Important rules and requirements to know before sending money to Brazil.
Regulatory body
Banco Central do Brasil (BCB)
Inbound transfer limits
No restriction on receiving international transfers, but amounts over $10,000 BRL equivalent require reporting
Documentation you may need
- Sender's government-issued ID
- Recipient's CPF (mandatory for all transfers to Brazil)
- Purpose of transfer declaration for amounts over BRL 10,000
Important things to know
- CPF is mandatory — transfers without a valid CPF number will be rejected.
- IOF (Imposto sobre Operações Financeiras) tax of 0.38% applies to incoming international transfers in Brazil.
- PIX operates 24/7/365 including holidays — no banking hours restrictions.
- Brazil's Central Bank requires all foreign exchange operations to be reported through the SISCOMEX system.
How long does it take to send money to Brazil?
Most transfers to Brazil arrive within 1–2 business days with specialist providers. Mobile wallet and cash pickup options are often available within minutes. Bank deposits typically take 1–3 business days.
FastExpress delivery
- MoneyGramMinutes to 3 days
- RemitlyMinutes to 3-5 days
- WiseInstant
- TapTap SendUnder 3 minutes (95% of transfers)
- BOSS MoneyInstant
Standard delivery
- InstaReM1-3 business days
- Paysend2 days
- Revolut0-1 days
- Western Union0-4 days
- WorldRemit0-3 days
Popular banks in Brazil
These are the most commonly used banks for receiving international transfers in Brazil.
BankSWIFT/BICNotes
Banco do Brasil
BRASBRRJXXX
Itaú Unibanco
ITABORJJXXX
Bradesco
BBDEBRSAXXX
Caixa Econômica Federal
CABORJBJXXX
Santander Brasil
BABORJBJXXX
Nubank
—
USD to BRL Exchange Rate History
Daily best exchange rates from top providers over the last 60 days. Rates shown are for sending $100.
| Date | MoneyGram | Remitly | Xoom (PayPal) | Wise | InstaReM |
|---|---|---|---|---|---|
| Trend | |||||
| May 20 | 5.0425 | 5.0174 | 4.8609 | 5.0482✓ | 5.0124 |
| May 19 | 4.8948 | 4.9605 | 4.8155 | 4.9907✓ | 4.9553 |
| May 18 | 4.9618 | 5.0249 | 4.8673 | 5.0550✓ | 5.0198 |
| May 17 | 4.9618 | 5.0254 | 4.8673 | 5.0550✓ | 5.0198 |
| May 16 | 4.9866 | 5.0254 | 4.8673 | 5.0550✓ | 5.0198 |
| May 15 | 4.9010 | 4.9540 | 4.8812 | 4.9840✓ | 4.9490 |
| May 14 | 4.8909 | 4.9081 | 4.8812 | 4.9877✓ | 4.9279 |
| May 13 | 4.8143 | 4.8612 | 4.7189 | 4.8906✓ | 4.8580 |
| May 12 | 4.8248 | 4.8575 | 4.7108 | 4.8869✓ | 4.8526 |
| May 11 | 4.8656 | 4.8651 | 4.7136 | 4.8937✓ | 4.8602 |
| May 10 | 4.8656 | 4.8639 | 4.7177 | 4.8937✓ | 4.8590 |
| May 9 | 4.8239 | 4.8639 | 4.7131 | 4.8937✓ | 4.8590 |
| May 8 | 4.8568 | 4.9006 | 4.7392 | 4.9303✓ | 4.8957 |
| May 7 | 4.8824 | 4.8931 | 4.7410 | 4.9227✓ | 4.8889 |
| May 6 | 4.8676 | 4.8797 | 4.7352 | 4.9093✓ | 4.8746 |
| May 5 | 4.9078 | 4.9350 | 4.7735 | 4.9649✓ | 4.9300 |
| May 4 | 5.2725 | 5.4314✓ | 4.7797 | 4.9563 | 5.2913 |
| May 3 | 4.8817 | 4.9253 | 4.7881 | 4.9563✓ | 4.9203 |
| May 2 | 4.8817 | 4.9253 | 4.7710 | 4.9563✓ | 4.9203 |
| May 1 | 4.8918 | 4.9192 | 4.7824 | 4.9494✓ | 4.9143 |
| Apr 30 | 4.9444 | 4.9647 | 4.8109 | 4.9953 | 5.2913✓ |
| Apr 29 | 4.9245 | 4.9437 | 4.8107 | 4.9740 | 5.2913✓ |
| Apr 28 | 4.8412 | 4.9528 | 4.7928 | 4.9832 | 5.2913✓ |
| Apr 27 | 4.9176 | 4.9496 | 4.8005 | 4.9800 | 5.2913✓ |
| Apr 26 | 4.9180 | 4.9496 | 4.8012 | 4.9805 | 5.2913✓ |
| Apr 25 | 4.9227 | 4.9496 | 4.8147 | 4.9805 | 5.2913✓ |
| Apr 24 | 4.9835 | 5.0014 | 4.8009 | 5.0253 | 5.2913✓ |
| Apr 23 | 4.9123 | 4.9367 | 4.7815 | 4.9652 | 5.2913✓ |
| Apr 22 | 4.8869 | 4.9238 | 4.7784 | 4.9655 | 5.2913✓ |
| Apr 21 | 4.8921 | 4.9238 | 4.7883 | 4.9539✓ | 4.9125 |
| Apr 20 | 4.9333 | 4.9488 | 4.7932 | 4.9790✓ | 4.9374 |
| Apr 19 | 4.9322 | 4.9488 | 4.7939 | 4.9778✓ | 4.9362 |
| Apr 18 | 4.9179 | 4.9488 | 4.7925 | 4.9778✓ | 4.9362 |
| Apr 17 | 4.9258 | 4.9613 | 4.8175 | 4.9917✓ | 4.9500 |
| Apr 16 | 4.9447 | 5.4314✓ | 4.8063 | 4.9901 | 4.9546 |
| Apr 15 | 4.9238 | 5.4314✓ | 4.7940 | 4.9840 | 4.9467 |
| Apr 14 | 4.9436 | 5.4314✓ | 4.8265 | 4.9961 | 4.9606 |
| Apr 13 | 5.0037 | 5.4314✓ | 4.8200 | 5.0056 | 4.9711 |
| Apr 12 | 5.0032 | 5.4314✓ | 4.8200 | 5.0051 | 4.9711 |
| Apr 11 | 4.9137 | 5.4314✓ | 4.8278 | 5.0051 | 4.9711 |
| Apr 10 | 4.9922 | 5.4314✓ | 4.8826 | 5.0576 | 5.0219 |
| Apr 9 | 5.0431 | 5.4314✓ | 4.9139 | 5.1008 | 5.0648 |
| Apr 8 | 5.0842 | 5.4314✓ | 4.9651 | 5.1518 | 5.1159 |
| Apr 7 | 5.0697 | 5.1145 | 4.9568 | 5.1408✓ | 5.1033 |
| Apr 6 | 5.0847 | 5.1296 | 4.9654 | 5.1560✓ | 5.1133 |
| Apr 5 | 5.0861 | 5.1308 | 4.9664 | 5.1573✓ | 5.1220 |
| Apr 4 | 5.0861 | 5.1308 | 4.9651 | 5.1573✓ | 5.1199 |
| Apr 3 | 5.1105 | 5.1268 | 4.9642 | 5.1533✓ | 5.1169 |
| Apr 2 | 5.1170 | 5.1334 | 4.9623 | 5.1583✓ | 5.1246 |
| Apr 1 | 5.0835 | 5.1326 | 5.0120 | 5.1579✓ | 5.1275 |
| Mar 31 | 5.1138 | 5.1549 | 5.0483 | 5.1932✓ | 5.1510 |
| Mar 30 | 5.1743 | 5.2200 | 5.0564 | 5.2492✓ | 5.2151 |
| Mar 29 | 5.1842 | 5.2080 | 5.0487 | 5.2417✓ | 5.2027 |
| Mar 28 | 5.1678 | 5.2097 | 5.0409 | 5.2402✓ | 5.2039 |
| Mar 18 | 5.0927 | 5.1685 | 5.1024 | 5.1932✓ | 5.1721 |
| Mar 17 | 5.1265 | 5.2089 | 5.1580 | 5.2339✓ | 5.2126 |
| Mar 16 | 5.1232 | 5.1854 | 5.1371 | 5.2307✓ | 5.1957 |
| Mar 15 | 5.2145 | 5.3042 | 5.2256 | 5.3243✓ | 5.3079 |
| Mar 14 | 5.2145 | 5.3042 | 5.2192 | 5.3243✓ | 5.3079 |
| Mar 13 | 5.2335 | 5.3042 | 5.1914 | 5.3243✓ | 5.3079 |
Common questions about sending money from to Brazil
What is the cheapest way to 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.
Can I send money to a PIX key in Brazil?
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.
What is IOF and how does it affect my transfer to Brazil?
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.
How long does a money transfer to Brazil take?
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.
What bank details do I need to send money to Brazil?
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).
Are remittances to Brazil taxed?
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.
Send money to Brazil from these countries
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