How to send money from Portugal to Brazil

As the largest emigrant community in Portugal, Brazilians facilitate a significant flow of money between the two countries. In 2021, remittances from Portugal to Brazil accounted for half of all funds sent by foreigners in Portuguese territory to their respective countries, totalling EUR 288 million. Therefore, finding the best way to send money to Brazil is particularly acute.

Being an expatriate comes with unique financial challenges, and transferring money across borders is significant. Understanding the options available for international money transfers is essential for expats living in Portugal who need to send funds back home to Brazil. In this comprehensive guide, we'll delve into various methods expats can use to transfer money from Portugal to Brazil, considering factors such as cost-effectiveness, convenience, and reliability.

Banks

While using banks for international money transfers is conventional, they often entail higher fees and longer processing times. Bank transfers may incur additional administrative fees and taxes, making them less cost-effective than online platforms. Furthermore, transfers through banks typically take longer to clear.

The table provides an overview of the commissions charged by various banks in Portugal for both counter and online transactions when sending money to Brazil. Commission rates are listed as percentages of the transaction amount, with corresponding ranges in euros and Brazilian reais. This information assists individuals in comparing the costs associated with different banking options when sending money to Brazil.

Online platforms

Online platforms emerge as the preferred choice for money transfer to Brazil. They leverage the current commercial exchange rate, ensuring fair and transparent fees. Moreover, transactions are completed swiftly, typically within minutes or up to two days, depending on the selected method. If you don’t want to do extra work with banks and cryptocurrencies, just send money online to Brazil.

Mail

In Brazil, if you're considering sending money abroad, the Post Office offers the Electronic Postal Voucher service. Additionally, depending on your location, you can send money to Brazil through postal services available in your country. Not the best way to send money to Brazil, but sometimes necessary.

Cash transfer

Another option to send money to Brazil favoured by expatriates is utilizing services that accept cash deposits for international transfers. However, this typically requires visiting a physical agency to both send and, in many cases, receive the transfer.

So, how to send money to Brazil easy and securely?

Tips for successful money transfers to Brazil

Choose the right transfer method. Evaluate the various Portugal to Brazil transfer options available, such as banks, online platforms, remittance companies, or cryptocurrency, and select the method that best suits your needs in terms of speed, cost, and convenience.

Compare exchange rates. Compare exchange rates offered by different transfer providers to ensure you're getting the best value for your money. Even small differences in rates can significantly impact the amount received by the recipient.

Consider transfer fees. Be mindful of transfer fees, including transaction fees, currency conversion charges, and any other associated costs. Opt for providers with transparent fee structures and competitive rates to minimize expenses and send money to Brazil, which is beneficial.

Time your transfers wisely. Keep an eye on exchange rate fluctuations and consider timing your transfers to take advantage of favourable rates. Monitoring currency trends can help you maximise the value of your transfer. Even when opting to send money online to Brazil, it's essential to recognise that technical issues may arise from time to time.

Verify recipient information. Double-check the accuracy of recipient details, including their full name, bank account information, and any other required information. Providing incorrect information can lead to delays or complications in the transfer process.

Stay informed about regulations. Familiarise yourself with the regulatory requirements governing international money transfers, including anti-money laundering (AML) and Know Your Customer (KYC) regulations. Ensure compliance to avoid potential issues with your transfer.

Secure your transactions. Prioritise security by using reputable and secure transfer platforms or institutions. Look for features such as encryption, two-factor authentication, and fraud detection to protect your financial information and transactions.

Keep records of transactions. Maintain records of your money transfers, including transaction confirmations, receipts, and any relevant communication with the transfer provider. These documents can serve as proof of transfer and help resolve any issues that may arise.

Plan for unexpected delays. Be prepared for potential delays in the transfer process, such as verification procedures or banking processing times. Allow for extra time when sending funds to ensure timely delivery to the recipient.

Seek professional advice if needed. If you're unsure about any aspect of the Portugal to Brazil transfer process or need assistance, don't hesitate to seek advice from financial experts or consult with the transfer provider's customer support team. They can provide guidance and help address any concerns you may have.

Why choose Profee to transfer money with Pix?

Profee makes sending money from Portugal to Brazil incredibly convenient, especially with the integration of Pix, Brazil's instant payment system. Seamlessly integrated with Pix, Profee allows clients to initiate transfers directly through the app or website, streamlining the process and eliminating the need for multiple platforms or additional steps. Pix enables instant transfers 24/7, including weekends and holidays, ensuring funds are deposited into the recipient's account within seconds for unparalleled speed and efficiency.

• Profee's user-friendly interface simplifies the transfer process, allowing clients to input recipient details and transfer amounts effortlessly, whether on a smartphone or computer. Our clients say that Profee is the best app to send money to Brazil.
• Transparent fee structures provided by Profee ensure clients understand the costs associated with Pix transfers upfront, empowering them to make informed decisions and avoid unexpected charges.
• Prioritising security, Profee implements robust encryption and authentication measures, including EMI licensing, PCI DSS compliance, and anti-fraud protocols, to safeguard sensitive financial information. This is complemented by Pix's enhanced security features to further protect against fraud and unauthorized access.
• Competitive exchange rates provided by Profee maximise the value of transfers from Portugal to Brazil via Pix, allowing clients to ensure recipients receive the most funds possible.

Overall, Profee's integration with Pix offers a convenient, fast, and secure solution for sending money from Portugal to Brazil, empowering clients with a superior money transfer experience through its user-friendly interface, transparent fees, and reliable support.

How to send money via Pix to Brazil using Profee

Meet Maria Santos, a young woman whose heart belongs to two worlds: Brazil, her homeland, and Portugal, her adopted country. As Maria sat at her desk in Lisbon, her thoughts drifted to her dear friend Ana Silva's upcoming wedding back in Brazil. Despite the distance, Maria was determined to show her love and support.

When it comes to sending money to Brazil, Pix stands out as a top choice for seamless transactions. With Profee, you can harness the convenience of instant transfers from your bank card, Apple Pay, or Google Pay in just a few simple steps. Simplicity, ease of use and favourable exchange rates make Profee the best app to send money to Brazil.

Initial information input

Begin by entering essential details such as your name, date of birth, country of residence (Portugal), residential address and nationality. This ensures both security and prompt processing of your transfer.

Specify transfer amount

Next, specify the amount you wish to transfer in Euros and select Brazil as the destination country. This step guarantees accuracy and facilitates the conversion of Euros to Brazilian Reais.

Enter recipient details

Enter your recipient's name, CPF (Cadastro de Pessoas Físicas), and Brazil's tax identification number. Ensure accuracy to avoid any delays in processing.

Choose Pix as the payment method.

Select Pix as your preferred payment method. This ensures instant and secure transactions, allowing your money to reach the recipient swiftly and safely.

Double-check and confirm

Review all transfer details, including the exchange rate, to ensure accuracy. Once verified, proceed to confirm the transaction.

Completion

Congratulations! Your money will now be instantly delivered to your recipient through Pix. This provides a fast and convenient way to send funds from Portugal to Brazil, strengthening your connection across borders.

In conclusion, sending money online to Brazil from Portugal has never been easier with Profee. By following our comprehensive guide on how to send money to Brazil, you can navigate the process hassle-free. Whether you're sending money for personal reasons or business transactions, Profee offers competitive fees, favourable exchange rates, and fast delivery times, ensuring your international transfers are made with confidence. Trust Profee to streamline your money transfer experience and securely send money online to Brazil.