Best way to send money from Brazil to US?

[Matt and Ângela 5]

My wife sold her apartment in Brazil and has about $25,000 US worth of Reales in a bank in Brazil.

What is the best way to get it to the US?

She is hearing that bank transfer fees and taxes total 23% of the amount sent, which seems crazy to me. Short of flying down there and getting it, is there any way to do this without losing a ridiculous amount?

-- Matt

[flfreddy 93]

transferwise.com peer transfer without bank fees

[Matt and Ângela 5]

transferwise.com peer transfer without bank fees

Looks like a great service for sending money to Brazil (and most anywhere else), but they do not support sending money from Brazil.

[usabraz 1]

My wife sold her apartment in Brazil and has about $25,000 US worth of Reales in a bank in Brazil.

What is the best way to get it to the US?

She is hearing that bank transfer fees and taxes total 23% of the amount sent, which seems crazy to me. Short of flying down there and getting it, is there any way to do this without losing a ridiculous amount?

-- Matt

Hi, did you find a better a way to send this money from Brazil to US? Because Im going through the same problem.

[Matt and Ângela 5]

Hi, did you find a better a way to send this money from Brazil to US? Because Im going through the same problem.

Yes -- we ended up using MoneyCorp. It went quite smoothly, we ended up paying very little in the way of fees/taxes. Highly recommended.

They have Portuguese speaking staff available to help if needed.

[jostermacedo 54]

You can use the bank you have an account in Brazil (if you do). Depending upon the bank you work with, you can even send the money through internet banking. On my bank I can send up to USD 30K a month with no need to talk to anyone (Banco Bradesco). If you are sending the money to you own account in the US, you should not pay any taxes. I make transfers every month and I pay no taxes.

When you set up the transfer, the bank will ask the reason for the transfer. You should choose: Recursos para a sua própria conta, or resources to your own bank account. With this choice, no taxes are due.

See the attached picture of my bank.

Yes -- we ended up using MoneyCorp. It went quite smoothly, we ended up paying very little in the way of fees/taxes. Highly recommended.

They have Portuguese speaking staff available to help if needed.

Edited November 21, 2016 by jostermacedo