One of the main questions regarding the travel and living abroad is how to transfer money from Brazil to abroad. If this is your case, there is some good news and some bad. On the good side, there is the fact that the technological development of recent years has significantly facilitated the shipment of money, and that the same methods of transferring money from Brazil to outside can be used for reverse flow if this your case.
On the downside, there is the inevitable bureaucracy. As simple and practical that it is the method, there are always costs and fees imposed on the transfer, especially since the monetary transaction between countries is a constant concern, which rarely occurs tax-free.
Check out some methods to transfer money from Brazil to the outside, and consider which option is most advantageous for you:
The Western Union is possibly the quickest and simplest option to transfer money from a little more meaningful values. The big advantage, in this case, is that the person abroad can withdraw the money in less than 24 hours – in most cases in just minutes – free of charge in one of several business units throughout the world.
You do not need an account with the Western Union or difficult conditions being met. Just the correct completion of the information and it is likely that the money is in the recipient’s hands in less than an hour.
In Brazil, for example, the transfer can be made at the Bank of Brazil agencies or various tourist agencies, and the person who is abroad can find in which points can cash out with a quick search online. The disadvantage, in this case, is the inevitable payment rates, which may vary from 10% to just over 20% of the amount transferred – paid by the applicant, which is a fairly significant share.
Another interesting option for those who have an account in an existing bank in the country where you are abroad is the bank transfer payment order. Any bank allows this operation to any other bank registered globally, just that you know the necessary information about the account of who will receive the money.
Although one of the options easier and more comfortable to transfer money out of Brazil abroad, often made even online, it is important that you check the fees charged by your bank for carrying out the service, which can be considerably higher.
Credit cards and prepaid
Another very interesting option for transferring money is to use an intermediary – especially a credit card. Currently, one of the simplest options and smart to do this type of transaction is to use a prepaid card, which can be fixed or purchased directly from any exchange office. In this type of card is used an international flag and widely accepted, and you can put credit on it from anywhere in the world, provided you have the necessary data.
So you can transfer money from Brazil abroad putting credit directly on this card the person who is outside the country so that it can use for other expenses or, depending on the type of card, withdraw the amount from an ATM that accepts its use.
It is important, in this case, pay attention to fees. If the card is Brazilian, it is considered that there will be the collection of Tax on Financial Operations – IOF, which is more than 6% of the whole amount spent. In addition, cash withdrawals usually have any additional charges in international ATMs. On the other hand, the tendency is that these rates are lower than most of the traditional banking services, in addition to offering more security to not require you to carry large sums of cash.