Question 1

What is the best way to send money from USA to Brazil?

Accepted Answer

Today, Remitly delivers the highest amount — R$4,932 for every $1,000 sent, at a rate of 4.9317 BRL per USD. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's USD to BRL exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 USD = 4.9562 BRL. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send $1,000 to Brazil?

Accepted Answer

Costs vary significantly. The best provider (Remitly) gives you R$4,932 after fees. The worst (Bank of America) only gives you R$4,654. That's a difference of R$277 on a single $1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Remitly typically completes in minutes. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to Brazil?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 RemitlyBest value	Free	4.9317	R$4,932	Minutes	Send
2 Instarem	Free	4.9203	R$4,920	Same day	Send
3 Moneygram	USD 1.99	4.9001	R$4,890	Minutes	Send
4 Wise	USD 15.95	4.9562	R$4,877	Within hours	Send
5 Xoom	USD 4.99	4.8749	R$4,851	Minutes	Send
6 OFX	USD 5.00	4.6858	R$4,662	1–2 days	Send
7 Bank of America	Free	4.6544	R$4,654	1–3 days	Send

Send Money from USA to Brazil — Best USD/BRL Rates

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