Send Money from Portugal to Brazil
Compare EUR → BRL exchange rates from top providers
AI Quick Verdict
As of April 11, 2026, the cheapest way to send money from Portugal to Brazil is via Wise, costing $4.60 in fees with an exchange rate of 1 EUR = 5.91 BRL. Sending $1,000 delivers BRL 5,883.11 to your recipient in ~1 hour.
Compare EUR → BRL Rates
Best rate — they receive (BRL)
BRL 5,883.11
via Wise
Sending EUR 1,000 to Brazil
Updated Apr 11, 03:42 PM
| Provider | Exchange Rate | Fee | Speed | You Send | They Receive | |
|---|---|---|---|---|---|---|
WiseBest rate | 1 EUR = 5.91 BRL | $4.60 | ~1 hour | EUR 1,000 | BRL 5,883.11 | Send → |
RevolutRunner-up | 1 EUR = 5.91 BRL | $5.00 | ~1 day | EUR 1,000 | BRL 5,880.75 | Send → |
WorldRemit | 1 EUR = 5.91 BRL | $13.99 | ~6 hours | EUR 1,000 | BRL 5,827.61 | Send → |
Remitly | 1 EUR = 5.91 BRL | $15.00 | ~3 hours | EUR 1,000 | BRL 5,821.65 | Send → |
* Rates are indicative. Final rate confirmed at provider's checkout. RateCurb may earn a commission if you click and sign up.
vs Traditional Banks
You save up to $75
on a EUR 1,000 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
Portugal is home to one of the largest Brazilian communities in Europe, making the EUR to BRL corridor one of the region's busiest remittance routes. Whether you're supporting family, paying bills, or managing assets back home, choosing the right transfer service can save you hundreds of euros a year. This guide breaks down fees, exchange rates, transfer speeds, and local tax rules so you can send money from Portugal to Brazil with confidence.
Our verdict: Use Wise or Remitly instead of your bank — digital providers consistently deliver 3–8% more BRL on the same euro amount, with transparent fees and next-day delivery.
Sending Money from Portugal to Brazil: A Complete Guide for 2026
The EUR to BRL corridor is one of the most active remittance routes in Europe, driven largely by Brazil's large diaspora community in Portugal — estimated at over 300,000 registered residents. Whether you're sending monthly support to family in São Paulo, paying for a property in Rio de Janeiro, or covering university fees for a child studying back home, understanding how this corridor works can save you hundreds of euros every year.
Understanding the Real Cost: Exchange Rate Markup vs. Flat Fees
The single biggest mistake people make when sending money to Brazil is focusing only on the advertised transfer fee and ignoring the exchange rate margin. Banks and many traditional providers quietly embed a 3–5% markup into the EUR/BRL exchange rate before quoting you a price. On a €1,000 transfer, that hidden markup can cost you R$30–50 more than what you'd lose to a flat fee at a digital provider.
Here's what to look for when comparing services:
- Always compare the mid-market rate (available on Google or XE.com) to the rate you're being offered — the difference is the markup
- Flat fees between €1–5 are generally transparent and fair for transfers above €200
- Avoid providers that advertise "zero fees" — they almost always make it up on the exchange rate spread
- Look for services that display the total BRL your recipient will receive before you confirm
Why Digital Providers Consistently Beat Banks
Traditional Portuguese banks — including Caixa Geral de Depósitos, Millennium BCP, and BPI — typically charge €15–35 in transfer fees plus a 3–8% exchange rate spread when sending to Brazil. A €2,000 wire transfer through a bank could deliver R$400–800 less than the same transfer through a digital specialist.
Digital providers have fundamentally different cost structures. Wise (formerly TransferWise) uses the mid-market rate and charges a transparent fee of roughly 0.6–1.2% on EUR to BRL transfers. Remitly offers competitive rates with delivery guarantees and has a strong track record for Brazil. Revolut users on paid plans can access interbank rates up to their monthly limit. WorldRemit is a solid option for smaller, frequent transfers with predictable flat fees.
For a €1,500 transfer in 2026, the difference between using a bank and using Wise or Remitly can easily exceed €80 in delivered value — a compelling reason to switch.
Transfer Speed: Choosing the Right Option
Speed and cost are directly linked in this corridor. Most services offer two or three tiers:
- Express / Instant (minutes to a few hours): Best for urgent needs like medical bills or emergencies. Slightly higher fees but worth it when timing matters
- Standard (1–2 business days): The sweet spot for most transfers — good rates with reliable delivery. Wise typically lands in this category
- Economy (3–5 business days): Cheapest option, suitable for non-urgent transfers like monthly allowances. Remitly's "Economy" tier often offers the best rates on the platform
Brazilian bank processing times can add a day during local holidays (including extended Carnival and regional observances), so plan ahead during those periods.
Brazilian Tax Considerations: IOF
Recipients in Brazil should be aware that incoming international transfers are subject to the IOF (Imposto sobre Operações Financeiras). For most personal remittances, the current rate is 0.38% on the received amount. This is deducted by Brazilian financial institutions at the point of credit and is not something the sender controls. For larger transfers — particularly those classified as capital transactions — different IOF rates may apply, and it's worth consulting a local accountant if you're regularly moving significant sums.
Practical Tips to Maximise Your Transfer
- Best time to transfer: EUR/BRL rates tend to be more favourable during European trading hours (9am–5pm CET) when liquidity is highest
- Lock in rates: Wise and some other providers allow rate locks for a short window — useful if you're watching the market and see a favourable moment
- Amount thresholds: Many providers offer better percentage rates above €1,000. If you're making multiple small transfers, consolidating them monthly often reduces your total cost
- Recipient bank details: Always confirm the recipient's full CPF number and PIX key — Brazilian banks increasingly route international receipts via PIX, which speeds up delivery significantly
- Set up rate alerts: Apps like Wise and XE let you set a target rate and notify you when it's reached, removing the guesswork from timing
Frequently Asked Questions
What is the best EUR to BRL exchange rate?
The best EUR to BRL rates in 2026 are offered by digital providers like Wise and Remitly, which use rates close to the mid-market benchmark with margins typically under 1%. Portuguese banks, by contrast, embed a 3–5% spread into their quoted rate, significantly reducing the amount your recipient receives in Brazil.
How long does it take to send money from Portugal to Brazil?
Standard transfers from Portugal to Brazil typically arrive within 1–2 business days through providers like Wise or Remitly. Express options can deliver within hours, while economy tiers may take 3–5 business days — useful for non-urgent transfers where you want to minimise fees.
What are the fees for sending money from Portugal to Brazil?
Fees vary by provider: Wise charges approximately 0.6–1.2% of the transfer amount, while Remitly offers flat fees starting around €2–3 for economy transfers. Traditional Portuguese banks typically charge €15–35 in wire fees plus a hidden exchange rate markup of 3–5%, making them significantly more expensive overall.
Is it safe to use online money transfer services?
Yes — regulated providers like Wise, Remitly, Revolut, and WorldRemit are licensed financial institutions operating under EU payment regulations and supervised by authorities such as Banco de Portugal. They use bank-level encryption and are required to hold customer funds in segregated accounts, making them as safe as traditional banks for international transfers.
How to send money from Portugal to Brazil
- 1Choose your provider — Compare rates above and pick the one with the best EUR to BRL rate.
- 2Create a free account — Most providers take under 5 minutes to verify your identity.
- 3Enter your recipient's details— You'll need their bank account number and routing information.
- 4Pay and track — Fund your transfer and track it in real time.