Buying in Brazil

When making payments in reals for a property purchase in Brazil, Moneycorp can help you get more for your money. Our expert currency dealers will talk you through the transfer process step by step and ensure you get the best possible rates. We don’t charge commission and we guarantee no receiving bank charges*.

Sending money to Brazil – Some common problems:

• The Brazilian real is a restricted currency, so reals cannot be sent into Brazil. You must send a foreign currency to be converted upon arrival in the country – usually at a poor rate of exchange.
• Money sent to Brazil must be registered with the Central Bank of Brazil (Banco Central do Brasil). If it is not correctly registered, you may have complications when you come to repatriating funds.
• Transfers are often slow and securing a guaranteed delivery date can be difficult.

How can Moneycorp help?

Moneycorp has formed a partnership with a reputable bank in Brazil, which means we can now offer you a hassle-free international transfer service. We will:

• Fix the Brazilian real rate of exchange – so you will know exactly how many reals will be delivered.
• Reduce the time between transfer and receipt of funds.
• Guarantee that each trade will be registered with the Central Bank to facilitate the future repatriation of funds.

Click here to find out how to open your Brazilian bank account.

For more information, or to open your Trading Facility, call us on
+44 (0)20 7589 3000.