How to send money to US from Brazil with the best BRL-USD rate

A better exchange rate means more Brazilian Real being sent to the United States. This exchange rate determines the price you will pay when buying US Dollar.

Currently the mid-market rate between Brazilian Real and US Dollar is 0.1923.

Fees and exchange rates make up the total cost of sending money from United States to the United States. Finding a company that can offer both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: The current BRL-USD mid-market rate is 0.1923 USD per Brazilian Real. You will get more US Dollar for your Brazilian Reals if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. Revolut (P2P Transfer) charges the lowest fee of 0 BRL at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount of US Dollar eventually received in the United States. You can assume that a lower cost of sending from Brazil will result in more money received in the United States.

Sometimes, waiting a day or two can help you get more USD for the same amount of Brazilian Real - but time it wrong and you might get a worse deal.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Brazil and the United States.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Brazil to the United States at this moment.

Here are all the ways to send money from Brazil to United States:

Bank transfers

Bank transfers are usually the best and easiest way to send money from Brazil to the United States.

By using a money transfer company such as Revolut (P2P Transfer) for transfers from Brazil to the United States, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Brazil to the United States with a debit or a prepaid card is available through Taptap Send.


Taptap Send is one of the cheaper options for debit card payments for transfers from Brazil to the United States. This cost is against a total of 5 money transfer companies offering this option.

Credit cards

When it comes to credit card transfers from Brazil to the United States, we recommend comparing your options to get the best deal.

Transfer limits to Brazil and the United States will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different BRL-USD transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to the United States, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of BRL to the United States we'd recommend using Wise. They offer a combination of rates and fees when sending from Brazil to the United States that is the most competitive.

There are different ways to receive money in the United States.

The most popular ways are direct bank deposit into US Dollar, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Brazil and the United States will offer every method for incoming US Dollar.

Understanding where the money will eventually go after its left Brazil and entered the United States could impact the provider you use.

The most common (and generally easiest) way to send money from Brazil to the United States is directly into a bank account. Wise is the best company for sending money from Brazil to a bank account in the United States.

And if you need cash right away, check if cash pickup is an option for transfers between Brazil and United States.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending US Dollars to the United States, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Brazil ID can be verified through a government issued ID such as a passport or driver's license.

In the United States, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Brazil and the United States, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to the United States from Brazil due to the ease of sign up and ID verification.

When sending money between Brazil and United States there will be tax declarations to consider.

Some transfers into US Dollar may need to be reported to tax authorities in the United States, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in the United States.

When in doubt, please contact a tax professional in Brazil or the United States to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.