How to Transfer Cash to Brazil

There are several ways to transfer funds from the US to Brazil. One of the simplest ways to do this is to develop a relationship with a US bank that is well represented in Brazil, such as Bank of America, Wells Fargo or Citibank.

If the recipient of the monies has an account with one of these banks, it is a great idea to open an account locally as well with the same bank, seeing as how account transfers within the same bank are repeatedly processed at a quicker rate and with little or no extra cost. Bank transfers between two differing banks are also relatively simple; however, transferring money from one bank to another can involve a waiting phase of up to 5 business days with substantially higher processing costs.

Fees can be quite high for international wire transfers. If, however, the money needs to arrive quickly, this is the best possible option.

Other than the bank transfer, another way to send funds to Brazil is through the pre-paid debit card. In an emergency this may not be the best means, since it takes some time for the card to physically be sent to the person in need of funds; but for those who perhaps often send money to family in Brazil, the ATM debit card is a terrific option.

Upon activation, sending a debit card with the PLUS or CIRRUS logo on the back will certify that money can be withdrawn from a immense and far-reaching system of ATMS located throughout Brazil and all over the globe. If choosing to use an ATM card, you need to be certain that the cardholder is not accessing money without prior authorization, for these are not pre-paid and hold no specific limit.

A pre-paid debit card is loaded with a determined amount and cannot be overdrawn, making it a very secure option. If more money is needed at a later date, the card can be reloaded as many times as needed.

In addition to these methods, online payment services are becoming the most popular way to send funds abroad. This method moves the funds swiftly and the fees are relatively low, however, the reciever must have a banking history in Brazil in order to access the funds.

One advantage of sending funds this way is that the funds can be used to buy goods and services electronically without ever needing to convert the sent money into actual cash. On the other hand, if the recipient does wish to turn these electronic funds into cash, it is more difficult than with other proven methods, due to processing rules.

With either method you choose, money transfer between the US and Brazil is now an easy process. Be it via bank transfer, ATM debit card or online transfer, funds can be transferred faster than ever.