There are several ways to send money from the United States to Brazil. One of the easiest 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 funds has an account with one of these banks, it is a good idea to open an account locally as well with the same bank, seeing as how accounts transfers within the same bank are often processed at a faster rate and with little or no additional cost. Bank transfers between two different banks are also relatively easy; however, transferring funds from one bank to another can entail a waiting period of up to 5 business days with substantially higher processing fees.
Fees can be very high for international wire transfers, should you choose the second option just discussed, however, if the money needs to arrive quickly, this is the best viable option. Other than the bank transfer, another way to send money to Brazil is through the ATM/pre-paid debit card. In an emergency this may not be the best method, since it takes some time for the card to physically be sent to the person in need of funds; but for those who perhaps regularly send money to family in Brazil, the pre-paid debit card or ATM card is a terrific good option.
Upon activation, sending a debit card with the PLUS or CIRRUS logo on the back will ensure that money can be withdrawn from a vast and far-reaching network of ATMS located throughout Brazil and all over the world. If choosing to use an ATM card, you need to be confident that the cardholder is not accessing funds without authorization, for these are not pre-paid and hold no specific limit.
A pre-paid debit card is loaded with a predetermined 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 necessary. In addition to these methods, online payment services are becoming the most popular way to send money overseas. This method moves the money quickly and the fees are relatively low, however, the recipient must have a banking history in Brazil in order to access the funds.
One benefit of sending money this way is that the funds can be used to purchase goods and services electronically without ever needing to convert the sent money into physical 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 guidelines. With whichever method you choose, money transfer between the United States and Brazil is now an easy process. Be it via bank transfer, ATM/pre-paid debit card or online transfer, money can be transferred quicker than ever.
Fees can be very high for international wire transfers, should you choose the second option just discussed, however, if the money needs to arrive quickly, this is the best viable option. Other than the bank transfer, another way to send money to Brazil is through the ATM/pre-paid debit card. In an emergency this may not be the best method, since it takes some time for the card to physically be sent to the person in need of funds; but for those who perhaps regularly send money to family in Brazil, the pre-paid debit card or ATM card is a terrific good option.
Upon activation, sending a debit card with the PLUS or CIRRUS logo on the back will ensure that money can be withdrawn from a vast and far-reaching network of ATMS located throughout Brazil and all over the world. If choosing to use an ATM card, you need to be confident that the cardholder is not accessing funds without authorization, for these are not pre-paid and hold no specific limit.
A pre-paid debit card is loaded with a predetermined 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 necessary. In addition to these methods, online payment services are becoming the most popular way to send money overseas. This method moves the money quickly and the fees are relatively low, however, the recipient must have a banking history in Brazil in order to access the funds.
One benefit of sending money this way is that the funds can be used to purchase goods and services electronically without ever needing to convert the sent money into physical 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 guidelines. With whichever method you choose, money transfer between the United States and Brazil is now an easy process. Be it via bank transfer, ATM/pre-paid debit card or online transfer, money can be transferred quicker than ever.