Want to transfer money to Brazil? Thinking about a bank wire to transfer money to Brazil? Before you ask your bank to do it, make sure you check out the wire transfer fees. You may get a shock as to how much the charges will be and depending on the dollar amount, it might be better to have a look at the alternatives to send the money by other methods.
What can make it even worse is in addition to your financial institution imposing a fee for sending the funds to a place in Brazil, the person receiving the money transfer will probably be charged a fee from the bank where they have their account. A way to minimise the possibilty of the charge is to send the international wire transfer in the currency of their account.
To process a bank wire transfer to Brazil, you might need a SWIFT code. These are unique codes for each financial institution and based on a number of things including the bank and country.
SWIFT Country Code
Central Bank Name
Banco Central do Brasil