Wise Expands in Brazil with New Payment Institution License
We have some excellent news to share: we’ve received our second licence from the Central Bank of Brazil, this time as a payment institution. Until now, we...
The launch means that you can now send money to and from Brazil with TransferWise. Fast, fair Brazilian Real transfers (BRL) are just a couple of clicks away.
Here’s what you need to know:
Brazilian customers can pay in their money with a Boleto. We’ll generate one for you after you’ve set up a transfer.
You'll pay a small one off fee of 2.5% (or 10 BRL for transfers under 400 BRL). And we always use the mid-market exchange rate.
Every month you can transfer up to 9,999 BRL. And while that’s a great looking number, we’re working to remove this limit.
TransferWise speaks Portuguese (olá!).
You can send money to Brazil as well. Our fee is just 1.5% for transfers to BRL.
For now, you need to set up your BRL transfers on our website. Real’s coming to our iOS and Android apps real soon though, so stay tuned.
Our FAQ pages have more information about sending money from Brazil, or setup your first transfer and try it out.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
We have some excellent news to share: we’ve received our second licence from the Central Bank of Brazil, this time as a payment institution. Until now, we...
This blog post is to update our customers about changes in price and is not a marketing communication. We regularly review our fees to reflect the real cost...
Our mission is to lower the cost of moving money across borders. We’ve made progress over the last 13 years, bringing our average fee to 0.64% globally. As we...
We have been changing our fees on Wise over the last months. Some of you benefited as a lot of routes got cheaper, but you would have seen an increase in some...
This blog post is to update our customers about changes in price and is not a marketing communication. We regularly review our fees to reflect the real cost...
With Wise, sending payments from Indonesian Rupiah (IDR) is simple. And we’ve rounded up our top tips for you to make sure your transfer arrives as quickly as...