You need to send funds to family or business partners in South America quickly. Finding a reliable provider matters when you want to send money to Brazil without losing cash to hidden fees.
Remitly offers structured transfer speeds and multiple delivery options for this corridor. You set up the transaction, pick your payout rail, and track the funds until they land.
Key Takeaways
- Choose the PIX delivery method for zero-fee transfers that land in minutes.
- Expect a standard $3.99 USD fee if you select traditional bank deposits from the US.
- Watch out for the automatic 0.38% IOF tax applied to inbound foreign currency conversions in Brazil.
- Verify your account fully to unlock higher sending limits up to $100,000 USD per transaction.
Transfer Methods Available for Brazil
You have two primary ways to route your funds when you use Remitly for Brazil money transfers. Each option affects speed, recipient requirements, and cost.
PIX operates as Brazil’s instant payment system created by Banco Central do Brasil. You send funds using the recipient key, which can be a phone number, email address, CPF, or random key. Remitly converts your USD to BRL and routes the payout through PIX so it arrives in minutes.
Bank deposits send funds via TED or DOC to a traditional checking account. This method requires the full bank account number, branch code, and account holder name. Expect this route to take between one and two business days.
Fee Structures and Exchange Rates
Costs depend heavily on how you fund the transfer and how fast you want the money to move. You pay different rates based on your sending tier and promotional eligibility.
| Method | Fee (US Corridor) | Speed | Recipient Requirement |
|---|---|---|---|
| PIX | $0.00 USD | Minutes | PIX key |
| Bank Deposit | $3.99 USD | 1-2 business days | Full bank account details |
Express transfers cost around $5.99 USD when you pay with a debit or credit card, while Economy transfers funded via bank ACH cost less. First-time users often secure promotional exchange rates and waived fees on initial transfers up to specific caps. Check the live rates inside the app before you confirm. For more details on what you might pay, read this guide on Remitly fees and transfer costs.
Understanding Limits and Brazilian Taxes
Regulatory rules dictate how much money crosses borders. US accounts verified for higher tiers can send up to $100,000 USD per transaction. Brazil enforces a per-transaction receiving cap of R$50,000 BRL for PIX and bank deposits to comply with local financial regulations.
All inbound foreign currency conversions trigger a 0.38% IOF tax in Brazil. This tax is automatically deducted by the receiving financial institution rather than Remitly. Digital banks like Nubank usually process PIX receipts without extra charges, while traditional banks may tack on inbound wire fees. Large transfers exceeding R$10,000 BRL also trigger reporting requirements with COAF in Brazil.
Step by Step Transfer Execution
You initiate the transfer directly through the mobile application or website dashboard. Select Brazil as your destination country and enter the exact amount you want to deliver in BRL or USD.
Provide your recipient details carefully. If you use PIX, double-check the recipient key to avoid routing delays. Pick your funding source, such as a linked bank account, debit card, or credit card. Review the final quote, exchange rate, and estimated delivery time on the summary screen. Confirm the transaction to lock in your rate.
Conclusion
Sending funds across international borders requires clear pricing and dependable delivery rails. Remitly simplifies this process by connecting US senders directly to instant Brazilian payment networks.
Review your final quote and recipient details carefully inside the app before you submit payment. Set up your next transfer today and get your funds where they need to go.
