How to send money to Canada from Brazil
The best way to send BRL to CAD | Wise |
The total number of Brazil to Canadian Dollar providers | 3 |
The average cheapest way to send money from Brazil to Canada | Wise |
Best option for debit card transfers | Wise |
Best option for bank transfers | Wise |
You can always compare rates and fees based on your transfer amount and payment options when sending money.
The best way to send money from Brazil to Canada
We recommend using Wise for money transfers to Canada from Brazil.
We analyzed 3 providers that allow BRL to CAD transfers. Wise emerged as the best option in 59.6% of searches.
What’s the cheapest way to send money from Brazil to Canada?
Based on results from the last 3 months, of the 3 providers we list, the cheapest way to send money from the Brazil to Canada was Wise, and the average cheapest payment method was Bank Transfer.
Wise has averaged 0.5% cheaper than the next nearest provider for money transfers to Canada from Brazil.
Just to make you aware, Bank Transfer was the overall cheapest payment method.
The cheapest way to send money isn't always the fastest
Be sure to pick the right option, Instarem is the most cost effective way of sending, but make sure the timeframes work for you.
How the cost of sending money to Canada from Brazil is calculated
The cost of sending money from Brazil to Brazil depends on several things, including:
The mid-market rate
The current mid-market rate between BRL and CAD is 0.264333. The rate the time you transfer will impact your overall cost. As an example, Global66 has averaged 0% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.
The markup and fee
Providers will often charge a markup on the rate, fees, or both, for transfers between Brazil and Canada. This is why Instarem is listed as our cheapest option - they offer the best combination of Brazilian Real to Canadian Dollar (0.02) and fees (179.87).
Bank transfers from Brazil to Canada
Bank transfers are the most common way of sending BRL to Canada as they are secure, reliable, and convenient.
If you want to send Brazilian Reals to Canada through a bank transfer, Wise has been the top rated provider in our comparison system for the last 3 months, being recommended 100% of the time.
That’s because companies like Wise bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, Wise's transaction fees for Brazilian Reals into Canada have averaged significantly lower than banks for the last 3 months.
Credit card payments from Brazil to Canada
Sending money with a credit card is quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Brazilian Reals to Canada with a credit card, Wise has been the top rated provider in our comparison system for the last 3 months, being recommended 33.3% of the time.
Credit card payments are often classified as cash advances, which bring their own charges, not to mention currency conversion and usage fees. And forgetting to pay your balance can result in high interest charges or even damage your credit score.
Debit card payments from Brazil to Canada
Debit card payments let you send money from the Brazil to Canada with the similar convenience of a credit card, and there are usually no tax advance fees. That said, when sending money from a debit card, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.
If you want to send Brazilian Reals to Canada with a debit card, Wise has been the top rated provider in our comparison system for the last 3 months, recommended 33.3% of the time.
Finding the best exchange rate for BRL to CAD
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Canadian Dollars you can get for your Brazilian Reals. The average Brazilian Real to Canadian Dollar mid-market rate over the last month was 0.2661, with a low of 0.2659 and a high of 0.2664.
For comparison, the best exchange rate for BRL to CAD right now is through Wise, at a difference of 0%.
How we find the best transfer deals from Brazil to Canada
We’ve compared the cost, speed, and product offering of the top money transfer services (including Wise) available between Canada and Brazil.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending Brazilian Real to Canada, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.
