Brazil is the largest country in South America, with a surface area of 8.516 million km2 and a population of more than 213 million. As one of the top 5 biggest countries in the world it comes as no surprise that Brazil has recorded average personal remittances of 300 million USD each month for the last year, with incoming remittances amounting to 362 million USD in March 2021 alone. This data demonstrates how Brazil’s economy relies heavily on the inflow of migrants’ and short-term employee income transfers.
So, if you are looking to send EUR to BRL rest assured that this transfer corridor is well travelled and therefore accessible via a number of reputable money transfer routes. On this page we will present the best options available to customers sending money from Portugal to Brazil, in a bid to alleviate any stress and simplify the cross-border payment process.
Due to the steady flow of personal remittances sent to the country each year, the Brazilian market is a lucrative one. This means there is plenty of competition amongst international providers; we want to find you the ideal service to suit your money transfer needs, no matter what your priorities are, and we believe exceptional global transfer services should not have to come with a huge price-tag.
The fastest provider is WorldRemit, transfers from this provider normally take [SPEED]. The cheapest provider we found is TransferWise at % Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using WorldRemit when transferring EUR to BRL.
This means that by using WorldRemit for online money transfers to Brazil from Portugal, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access WorldRemit for any reason, our comparison engine has found TransferWise and VertoFX also to be very good options when sending EUR – BRL.
This recommendation was updated one minute ago.
TransferWise has been determined by our comparison engine to currently offer you the cheapest rates possible.
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When sending money from Portugal to Brazil, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers.
Currently, WorldRemit is the fastest way to send EUR – BRL.
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer multiple options. Typically you’ll find the most common methods are bank transfers and card payments, but some providers also accept cash and will even deliver funds straight to your recipient’s door.
To avoid high fees you can opt to use an online money transfer provider such as WorldRemit to pay for your transfer to Brazil.
With WorldRemit you can send money online to Brazil using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Bank and wire transfers are the most common ways of sending money Brazil as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use WorldRemit to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Brazil. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Brazil.
When sending money to Brazil from Portugal using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate mark-up, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate mark-up when using online money transfer services such as WorldRemit, TransferWise and VertoFX .
Before sending money to Brazil from Portugal, you should consider the following:
This one’s easy. Simply use our comparison table above to find the best provider to send EUR to BRL. After that it’s just a process of making your transfer via the following steps:
Your recipient has a few methods available to receive your money in Brazil. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in Brazil, then they will usually need the following:
The amount of BRL you can receive from Portugal will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of BRL that can be received in Brazil or sent from Portugal before making your transfer.