Cheapest way to send money from the eurozone to Brazil

FXMetrics editorial team · Updated · How we calculate

Euro senders in France, Spain, Italy, Germany and elsewhere can choose between banks, licensed money transfer operators and apps, and the exchange rate offered varies more than the headline fee. Below: what your recipient actually gets for 500 EUR, at today's mid-market rate.

Loading today's mid-market rate…

ProviderRecipient getsTotal costSpeedSite

Mid-market rates from the European Central Bank (via the Frankfurter API); currencies the ECB does not cover use ExchangeRate-API. Provider fees and markups are estimates from public pricing; always check the final quote. Methodology · Share this result

Payout options
Brazilian bank accounts and, on many providers, Pix keys (CPF, phone or email)
Typical speed
Minutes to 2 business days (digital); 2–5 business days (bank wire)
Regulation in the eurozone
PSD2, authorised in a member state
Rate benchmark
ECB reference rate

Who sends money from the eurozone to Brazil

Common senders: long-settled diaspora families, seasonal and care workers, students, and people supporting parents back home.

About this corridor

Brazilians in Portugal, Italy, Spain and Ireland send money home mostly to Pix keys. Portugal's large Brazilian community makes EUR→BRL a competitive route, so the gap between a bank transfer and the cheapest specialist service can be substantial.

Worked example: sending 500 EUR

Using the ECB reference rate on 2026-10-07, 1 EUR = 5.5953 BRL, our estimate model gives these results for sending 500 EUR:

ProviderEst. feeEst. receivedTotal cost vs mid-market
Wise3.89 EUR2,775.86 BRL21.79 BRL
Revolut1.50 EUR2,775.31 BRL22.34 BRL
Remitly0.00 EUR2,764.08 BRL33.57 BRL
Western Union4.47 EUR2,717.17 BRL80.48 BRL
Bank wire (typical)17.89 EUR2,630.09 BRL167.56 BRL

In this example Wise delivers roughly 145.77 BRL more than a typical bank wire. Rates move daily and providers change pricing, so treat this as an illustration from our model; the live calculator above and the provider's own quote are what count. See how we estimate.

Sending to Brazil: what to know

  • Payout options: Brazilian bank accounts and, on many providers, Pix keys (CPF, phone or email).
  • Pix delivery is fast and widely supported; the recipient just shares a Pix key.
  • The paying institution will usually need the recipient's CPF.

Rules and limits

In the eurozone: EU payment institutions are regulated under PSD2 and must be authorised in a member state. SEPA makes transfers inside Europe cheap, but payments to China go via SWIFT or a provider's local payout network.

In Brazil: Incoming transfers are foreign-exchange operations handled by institutions authorised by the Banco Central do Brasil. IOF tax applies to the conversion in Brazil (generally 0.38% on incoming personal transfers; check the current rate).

How to pick the cheapest option

  1. Compare the amount received, not the fee. "Zero fee" offers usually hide their cost in the rate. How markups work.
  2. Small amounts: watch fixed fees. Large amounts: watch the markup.
  3. Avoid intermediary deductions. SWIFT wires can lose $10–30 in transit. Why.

Frequently asked questions

What is the cheapest way to send money from the eurozone to Brazil?

It depends on the amount and the day's pricing. This page calculates, at today's mid-market rate, how much BRL each provider delivers for 500 EUR; the top row is currently the cheapest by our estimate.

How much more does a bank wire cost for 500 EUR?

Using the reference rate on 2026-10-07, our model puts the gap at about 145.77 BRL versus the cheapest option. Rates and pricing change daily.

How can my recipient in Brazil receive the money?

Common payout options are Brazilian bank accounts and, on many providers, Pix keys (CPF, phone or email). Availability differs by provider, so check before you send.

How long does it take?

Digital services usually take minutes to 1–2 business days; bank wires often take 2–5 business days.

Sources

Official pages checked on