How to send money to Nubank: step by step guide

If you’ve got to send money to Nubank®¹ you’ll be wondering how best to make a Nubank money transfer, either from the US or from within Brazil. This guide has you covered.

We’ll look at how local and international payments can be deposited to Nubank, either direct from your own bank or via a third party Money Transmitter like Wise.

What is Nubank?

Nubank is a popular neobank operating in Brazil, Mexico, Argentina and Colombia. Nubank does not have physical branch locations, but instead offers services through an app and desktop site, including a digital account, credit card, loans, investments and insurance.

How to send money to Nubank: step by step

Sending money to Nubank should be pretty straightforward. Here’s a quick look at how to send both local and international transfers to a Nubank account.

Domestic transfers to Nubank accounts

If you’re sending a payment from a Brazilian bank to Nubank, the easiest and fastest way may be to use a Pix payment².

Pix is a Brazilian instant payment system which lets you pay anyone with an account at a participating institution using just a phone number or email address.

You can send a Pix payment directly from your own BRL bank account,for convenient payments using just your phone.

The exact way you’ll need to send your Pix payment to Nubank can vary depending on your own bank’s processes. Here’s an overview:

1. Log into your mobile or online banking

2. Navigate to the payment area and select Pix payments

3. Follow the prompts to enter the value of the transfer

4. Enter the recipient’s Pix alias (phone number) or scan their QR code

5. Confirm and the money will be received, almost instantly

Sending a payment overseas from Brazil? You can also use Wise and Pix to make funding international transfers fast and easy.

Send money to Brazil

International transfers to Nubank accounts

You can send an international payment to a Nubank account from your own bank, but you may find you get a faster service with low fees and a better exchange rate if you use a third party specialist provider instead.

We’ve got a few coming up that you may consider.

Here’s a step by step of how to send an international transfer to Nubank with Wise:
Log in or register into your account with the Wise app or website Enter the amount you want to send and the currency you’ll pay in Check over the fee and rate quote Enter the local account details for your Nubank recipient Pay for your transfer in your preferred method — which can be credit, debit card, ACH, wire transfer or using your mobile wallet Your recipient will get the money shortly!

What information do you need to send money to a Nubank account?

The exact information you need will vary based on the provider you select to process your payment, and whether you’re sending a local or international transfer.

You may be asked for the following:
Recipient’s full name Recipient’s 4–12 digit local account number and account type Recipient’s 4–5 digit branch code Recipient’s bank name and 3 digit bank code Recipient’s 11-digit tax ID/CPF Recipient’s phone number

How long does sending money to Nubank take?

The length of time it takes for your Nubank deposit to be received depends largely on how you send it.

Local Pix payments are usually deposited instantly.

Some international payments, through third party services like Wise can also be instant or very quick⁴.

However, ultimately the delivery time can vary a lot based on where you send from, the currency, the value of the payment and whether or not there are holidays in your country or in Brazil at the time the payment is processed.

Send money to Nubank with Wise

Sending money to and from other countries can get expensive — especially if your bank charges high fees.

Wise, a specialist money transmitter platform, provides a simple solution to large transfer fees and poor exchange rates, letting you send money to and from Brazil with ease.

At Wise, you can always expect a fair exchange rate, with the opportunity to send payments to 70+ countries using the mid-market exchange rate.

Their simple online calculator breaks down the whole process for you, including transparent and upfront fee information for every transaction*.

On many popular routes, Wise can even send your money to Brazil as an instant money or same-day transfer, helping you reach people that little bit faster**.

* Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

** The speed of transaction claim depends on funds availability, approval by Wise's proprietary verification system and systems availability of our partners' banking system, and may not be available for all transactions

Send to Nubank with Wise

Fees and limits for receiving money in your Nubank account

Nubank digital accounts have very few fees and limits. In general you can send and receive unlimited amounts for free to and from your Nubank account.

Double check in the app if you have a Nubank account, to make sure you’re clear on any limits or fees which apply to your particular account.

Best ways to send money to Nubank in Brazil

Sending money from the US to Nubank? Using a third party service can mean you get low fees, fast delivery and a good exchange rate. Here are a few options you might want to look at.

Wise

Wise offers transfers to Brazil⁷ and around 70 other countries, with the mid-market exchange rate and fees from 0.43%⁸.

Wise payments can arrive quickly or instantly⁴, and are deposited to the recipient’s account directly — you can also use Wise to make a local BRL to BRL payment if you’d like to.

✅ Pros	❌ Cons
Low fees from 0.43% Mid-market exchange rates Fast or even instant delivery⁴	Variable fee based on payment method and currency Transfer times depend on payment details

Get a Wise account
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Sharemoney®

Download the Sharemoney⁵ app and register an account to start sending payments to Nubank. You’ll also be able to send to other countries and banks, and even for cash collection in some destinations.

✅ Pros	❌ Cons
Free to download and use the Sharemoney app Low fees and fair exchange rates Track payments throughout in the app	Exchange rate markups may apply Transfers may be fast, but can take 24 hours or more

Remitbee®

Remitbee⁶ supports transfers to Nubank, with all payments conveniently set up online or in app, and paid for using bank transfer or card. Costs of transfers vary based on payment method and the transfer value.

✅ Pros	❌ Cons
Fees may be waived based on value of transfer Send online or in app for convenience Secure payment you can track all the way	Fees may apply depending on payment type Exchange rates include a markup

Western Union®

Send money to Brazil conveniently online or in app, with Western Union⁹. If you’d prefer to pay in cash you can even start your transfer in the app and then visit a local Western Union agent to complete the transaction and pay in cash.

✅ Pros	❌ Cons
Trusted and well known service Pay by card, bank transfer or cash Some payments arrive quickly if you pick the money in minutes service	Variable fees apply Exchange rates include a markup

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Nubank is a popular neobank in Brazil and elsewhere in Latin America. There are plenty of ways you can send money to Nubank if you need to make a convenient deposit to your own account there, or to send money to someone else who uses Nubank.

This guide gives a few ideas of where to start, when sending a local or international transfer to Nubank. Use the options here to compare a few in detail and pick the provider and route that’s best for your needs.

Sources:

1. Nubank
2. Pix - Central Bank of Brazil
3. Wise - how to pay with Pix
4. The speed of transaction claim depends on funds availability, approval by Wise's proprietary verification system and systems availability of our partners' banking system, and may not be available for all transactions
5. Sharemoney - send to Nubank
6. Remitbee - send to Nubank
7. Wise - guide to BRL transfers
8. Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information
9. Western Union - send to Brazil

Sources checked on 07.19.2023