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  • #117541

    Mayra
    Member

    Hi, I need to send some cash (£1k) from my UK bank account (Natwest/Lloyds) to a Brazilian bank account (Banco do Brasil, not mine). What is the best/cheapest way to do this? Time frame of transfer is not important, cheaper (less commision) and reliability is Big%20smileThanks

  • #117563

    mrtony4usa
    Member

    Hi, would think the cheapest and most reliable is to withdraw it from Cash Machines in Brazil, as it is only a small amount, and then deposit it in Banco do Brasil

  • #117567

    Mayra
    Member

    Sorry should have said, Im in the UK (until next year at least) so I won’t be there to withdraw.

  • #117568

    Wellington
    Member

    I think we need more information if you are to get the best advice:
    Is this a one off payment or will there be further (regular) remittances in the future?
    Does the money need to go directly into the BoB account or can it arrive in cash and then be deposited (which begs the question does it need to be deposited in the BoB account at all)?
    Do you trust the holder of the BoB account sufficiently to risk other methods of remittance that are not via direct bank to bank transfer (would you consider sending this person an ATM card to use regularly if there are further withdrawals to be considered)?
    man of leisure2009-04-09 05:08:47

  • #117569

    aagrin
    Member

    Lcc is the best,
    http://www.lccmt.com/
    Set up an account with them and You can get it in the same day.
    Its what all the Brazilians yous whist in the UK, I am going to yous them because the rate is sooooooo much better than the bloody banks.
    Best of Luck.

  • #117570

    Mayra
    Member

    [QUOTE=man of leisure] I think we need more information if you are to get the best advice:

    Is this a one off payment or will there be further (regular) remittances in the future?
    Does the money need to go directly into the BoB account or can it arrive in cash and then be deposited (which begs the question does it need to be deposited in the BoB account at all)?
    Do you trust the holder of the BoB account sufficiently to risk other methods of remittance that are not via direct bank to bank transfer (would you consider sending this person an ATM card to use regularly if there are further withdrawals to be considered)?

    [/QUOTE] 1 off payment It can arrive in cash and then be deposited. It needs to be deposited in the BoB account. Yep I trust them 100%, its my GF Big%20smile

  • #117571

    Mayra
    Member

    [QUOTE=tomjo]Lcc is the best,
    http://www.lccmt.com/
    Set up an account with them and You can get it in the same day.
    Its what all the Brazilians yous whist in the UK, I am going to yous them because the rate is sooooooo much better than the bloody banks.
    Best of Luck.
    [/QUOTE] Thanks, seems they have a branch just round the corner from my work where im now, gona pop in soon.

  • #117580

    keellumma
    Member

    Dear Forum Participant; simply send me an e-mail and I will refer you to the cheapest financial institution in Brazil. Good luck!

  • #117591

    Anonymous

    The best way is to find someone you trust who wants to transfer money the other way (R$ -> ¬£). The exchange rate for both parties is much better. I imagine it’s illegal though.

  • #119241

    The best is http://www.speedfast.euThey are secure !

  • #119998

    Ninna
    Member

    I always use ATM’s…..you can also get someone to Western Union you cash. YOu can get 4000 USD at a time at the limited Western Union locations or at ANY Banco do Brasil (the bank with yellow signs)

  • #119999

    If you do Western Union make sure the person sends it to you using the EXACT name that is in your passport. If your passport has your middle name and the person sending it only puts first and last then some banks won’t give you the money (especially if its a large sum). The first and middle go together on the same line…so make sure the person doesn’t just put the first. I’ve had no problem receiving money in different parts of the US without using my middle name but Banco do Brasil made a big deal about it.
    Also…you don’t need a CPF to get a western union even though some banks might try to tell you they won’t give you the money without one. They have to enter a special code (I think its either Shift F4 or Shift F12) to jump the CPF box and get to a screen that lets them enter your passport number instead. Don’t let them tell you to go get someone else with a CPF ID and proof of address or other such non-sense.. especially after you’ve waited in one of those ridiculous bank lines.

  • #120109

    lgwen
    Member

    I’ve noticed some UK and European based companies that people on the post have mentioned using, but am wondering about Aussies?

  • #120122

    NADO
    Member

    Robertinbrazil2012-02-21 16:44:04

  • #120126

    Ninna
    Member

    Having been here some time, i have found that if you get to know some business people they will let you “buy” from them and give you cash. better know who you are dealing with….i know a woman with a shop that has moved thousands…and thousands for me this way…..

  • #120148

    Anonymous

    If you have an account allready here, you can transfer untill 5000 euro to your count here, aslong as it is send by a private person, you will pay between 105 & 155 reais depending your ank here….. If you let it be sended by a company, you will need a lot of docs explaining why you receive this amount.

  • #121148

    NADO
    Member

    Robertinbrazil2012-02-21 16:43:52

  • #121159

    micko
    Member

    [QUOTE=Double u]If you have an account allready here, you can transfer untill 5000 euro to your count here, aslong as it is send by a private person, you will pay between 105 & 155 reais depending your ank here….. If you let it be sended by a company, you will need a lot of docs explaining why you receive this amount.[/QUOTE]
    This is more or less true in my experience … maybe R10,000 is the cut off … But if you are a resident, remittances from the exterior are treated (viewed by the tax code) as taxable income and should be declared via ‘Carne Leão’ on a monthly basis, with a withholding paid with a DARF. The bank doesn’t usually have anything to do with enforcing this, but the deposit is probably reported, with a million others, to the Recieta. My wife received a couple of transfers like this. No problem …
    A “transfernecia patrimonial” to yourself is not viewed as income but you need this to be the movement of a reported asset.
    Best Luck!!!
    DUNGA2009-06-09 08:35:30

  • #121262

    acampos
    Member

    If you want to, open a joint account and send her an extra atm card. Make sure it is debit only with no overdraft protection. E-mail or call her when you make a deposit and she can getr the money from an ATM in Brazil…

  • #121749

    Jeanne
    Member

    I am brasilian/american……I had always an account at Banco do Brasil…..you can trust them…they are the best bank around….I have family working in it…They are not totally “for profit” like the other american banks and Bradesco and citi…
    Banco do Brasil deal with agriculture and is subsidized by the government. So they won’t go down…believe me…that bank is excellent!
    Although…the World Bank and the IMF tried to destroy it by privatizing it once…but they got burned……and BAnco do Brasil survived and stood tall.

  • #124673

    I have been sending cash to a friend from HSBC to Banco do Brasil, and have to say that the rate at the BdB end is surprisingly good. I pay ¬£17 though for the transaction but can’t see any bank that wouldn’t charge at least something for this… Edwin EdwinD2009-07-22 12:07:31

  • #124798

    keellumma
    Member

    Dear Forum Participants; There is a bank in Sao Paulo that charges only USD$20 per transfer, the cheapest between all banks in Brazil. There is also an exchange broker in Sao Paulo that charges less than this bank, for smaller transfers, of course. Should you need their names, simply send an e-mail to me. Good luck!

  • #124882

    Julian28
    Member

    Hullo Jose.

    Why can’t you name the bank? Everyone here has put NatWest, HSBC, Nationwide, etc for comparison. Isn’t it more helpful to anyone looking in this posting to see the Bank? Isn’t that the point of this website? Cheers, Ernest Ernest2009-07-24 07:04:27

  • #127595

    mattad
    Member

    Ernest:
    He probably won’t name it because he wants you to “email him”…Wink

  • #127596

    Jeanne
    Member

    I feel bad for lawyers that have to come to this site to make a living.
    I know that unemployment is very sad in Brazil and the people of Brazil are very poor.
    While I do not support speculation, I do expect people to be kind and civil to lawyers who come to this site to make a living. They are not criminals, they are only searching for business.
    They won’t do anything wrong because they will be prosecuted in Brazil and lose their license. you can trust the brazilian lawyers, just make them be more organized and accountable, that is all.
    Sleepy

  • #127605

    gatinha
    Member

    I think Jose wants to establish a repertoire, which makes sense! The dude is an endless flow of information and I’m sure he wants you to contact him because in the future when you are curious about something or need a Lawyer’s service, you will think about him rather then some thread on that one site…

  • #127782

    RoMo
    Member

    ghastly swat this lad!

  • #127860

    MedowVBO
    Member

    I have used him in the past and he always provided me with an excellent work…and you are right Edwin he always charged the minium (2%) and always gave me the red light and I am considered on doing something against the Law, isn’t that something you would expect from your attorney…? I guess it’s just me then… If I were you Edwin I would hire the two British Law Graduated who were arrested and convicted in Rio…They are green to illegalities…LOLBrazilian Gring2009-08-20 21:51:03

  • #127873

    jcarlu
    Member

    Brazilian Gring – sorry but I didn’t understand what you wrote. Regardless, we’ve gone over this in the past – if you are happy to pay what you’re paying and the service provided good for you – I wasn’t. It’s always good to get opinions from both sides anyway. For your info, I now use a local lawyer firm, 100% trustworthy who don’t try to fleece as much out of me as possible – imagine charging 200BRL a month to use a ‘virtual’ address (which turns out to be your office) when one has already been provided! As per 99% of local lawyers the firm I use charge 1% for property purchases – if you’re happy to pay double local fees for your Accountant, property purchases, etc good for you – at the end of the day what’s a few thousand reais between friends. Edwin NB If the ‘minimum’ property charge is 2% which you are willing to pay, please ask your friend: * How could he charge $US3000 flat fee a year earlier * How he can offer a ‘discount’ of 1% on a 2nd purchase * How can literally every other lawyer charge 1-1.25%!! Edwin2009-08-21 04:47:10

  • #127874

    gatinha
    Member

    [QUOTE=Edwin] Brazilian Gring – sorry but I didn’t understand what you wrote.

     

    Regardless. we’ve gone over this in the past -¬†if you are happy¬†to pay 2% for property purchases, fine. I use a local lawyer firm, 100% trustworthy who don’t try to fleece as much out of me as possible -¬† imagine charging 200BRL a month to use a ‘virtual’ address (which turns out¬†to be your office) when one has already been provided! As¬†per 99% of local lawyers¬†the firm I use¬†charge 1% for property purchases. If you’re happy to pay double local fees¬†for your Accountant, property purchases, etc good for you – at the end of the day what’s a few thousand reais between friends.

     

    Edwin

     

    NB If the ‘minimum’ property charge is 2% which you are willing to pay, please ask your friend:

     

    * How could he charge $US3000 flat fee a year earlier

    * How he can offer a ‘discount’ of 1% on a 2nd purchase

    * How can literally every other lawyer charge 1-1.25%!!

     

    [/QUOTE]
    Just speculating but maybe it has to do with convenience that he can charge so much? I mean as a foreigner it’s nice to have a Lawyer that speaks English really well and is used to dealing with International people and transactions.
    Are there that many lawyers out there that speak really good English, are used to international transactions/people and only charge 1%?

  • #127875

    jcarlu
    Member

    The lawyers that I deal with from the firm both speak and write perfect English….and yes, they are used to dealing with international transactions – they’re based in Rio. I did omit that they are actually charging me 0.85% (the (local) property broker I use recommended them) – but of course this is specific to me. Regardless of ability to speak English and deal with international transactions (which are not that complicated regardless of what any lawyer says) would you expect to pay double for the same service?! After my prior lawyer experience they have reassured me with their actions that not all Brazilian lawyers are untrustworty, or see foreigners as their cash cow – which has been a gripe for numerous people on this site. Of course the valid points I raised regarding the ‘minimum’ 2% charge will continue to remain unanswered….. Edwin Edwin2009-08-21 05:02:40

  • #128393

    sahara
    Member

    Edwin: Post deleted based on previous discussion. If this continues I will suspend your account.

  • #128397

    jcarlu
    Member

    SteelRat, Not sure what I had written to deem deletion, but your call. I’d like to refer to this prior published Gringoes article: http://www.gringoes.com/articles.asp?ID_Noticia=1669The 4th/5th paragraphs are very appropriate. Edwin Edwin2009-08-26 12:57:10

  • #128513

    MedowVBO
    Member

    [QUOTE=SteelRat]Edwin: Post deleted based on previous discussion. If this continues I will suspend your account. [/QUOTE] Clap

  • #128540

    jcarlu
    Member

    No problem BG. In case you didn’t read the gringoes article, here’s paragraphs 4/5 for you: ‘With the growing number of international deals involving Brazil, and the flow of foreign investments in the country, amongst other things, some lawyers with a reasonable level of English fluency have discovered the opportunity to “make a buck out of the gringos”.

    This means that you are probably a target.’

    You might also look further down at the article regarding the ethics code that applies to lawyers and note how many in our case are being broken – I count 5.

    rgds, Edwin Edwin2009-08-28 05:24:24

  • #128873

    Jeanne
    Member

    Steel Rat, what did Edwin do that he is being suspended.
    I want to know so we do not repeat his mistake.
    thanks
    salamandra man here in the usa

  • #128875

    Jeanne
    Member

    Brazilian Gring…..
    you are very funny when you make fun of the person that said gringoes are green to ilegalities…….is very true. I live in the UsA and no one is green to ilegalities.
    Britain is the same, most of the fraudulent emails we get in the usa, comes from England.
    LOL

  • #128889

    RoMo
    Member

    Edwin, why should Brasil be any different than any other country?
    In England and in the USA , lawyers feast on the blood of brasilians and other foreigners “green to ilegalities” in England and USa.
    Or you think that USA and England are saints?
    my friend, where there is opportunity there is blood, and Brasil should be no different.
    I am glad that brasilian attorneys are standing up to the so called “globalization” . Why should only the anglos profiteer?
    Good for brasilian attorneys, you need their advice, you pay!
    why not? is it any different in England and the USA, no it is not.
    It is worse here….Lawyers in the USA charge 400bucks per hour.
    FYI for you Edwin!
    Leave Brasil if you don’t like it!

  • #128919

    gn0s1s
    Member

    ClapFRANCISCO!!!

  • #128939

    jcarlu
    Member

    Francisco/Stallone, <Sigh> here we go again. If you want to rant and rave about England and the US great – but you’ll find this site is designed to give advice to people in the process of, or considering moving to Brazil– correct? To clarify for the 2nd time, I have never stated that all Brazilian lawyers are out to fleece foreigners, or can’t be trusted – I didn’t even write the quoted article, but it was posted for a reason – to advise foreigners who visit this site.I have made public the excessive fees that one lawyer charges, and that in my experience and opinion in dealing with this lawyer he is untrustworthy. You are right, ‘where there is opportunity there is blood’. But the entire point of this website is to make foreigners aware of this ‘blood’. What part of that don’t you understand? For the record, I have 100% faith in the lawyer firm that I use, and cannot praise them enough. Therefore I use them, and pay them very reasonable charges which I have no problem doing. They charge 1% for property transactions, the lawyer in question charges 2% and lies to justify this excessive charge. That’s a fleecing of 1000BRL per100.000BRL – enough to advise foreigners to avoid this lawyer and use a local lawyer/firm – or do you disagree? If you do, and think foreigners should pay as much as lawyers think they can get away with, why are you posting – or even on this site as it’s clearly not meant for you? If any foreigner, after being made aware of any lawyer’s excess charges and deceit, wants to use them and not another lawyer/firm, good for them – that’s their perogative. Edwin Edwin2009-09-02 05:21:45

  • #128942

    gatinha
    Member

    [QUOTE=Francisco]FYI for you Edwin!Leave Brasil if you don’t like it!
    [/QUOTE]
    You have got to be the most “hard minded” person I have encountered on this forum.
    You are racist against Anglo’s which I find funny as you live in the USA….

  • #129685

    Julian28
    Member

    Hullo, Going back to the original post I contacted Mr Santiago offline, and he referred me to a Mr Bergallo from a firm I won’t mention, but he was very slow to respond to me, and did not answer my questions forthrightly. Neither Mr, Bergallo nor Mr. Santiago have responded to any mails I have sent since August. Since then I have found another company, based in London that at first glance appear more attentive. I also won’t have to convert GBP to USD and then to BRL as Mr Bergallos’ company does. If the London-based company provides good service, I will mention their name here – can the Forum Administrator confirm that this will not be breaking any rules? cheers, Ernest Ernest2009-09-08 09:40:13

  • #129701

    I found out the hard way, you learn from experience. I tried BoA, Credit Union, BNB, ect. The result was with HSBC. I opened account with HSBC in the USon the PC the do not have branches in my state. I was able to do all transaction like transfer from my bank to HSBC and wire transfer from HSBC to Bank of Brazil on the PC, without going to a teller/office or taking to anybody on the Phone. To my suprice is taken only three day for the transfer and I did three for larger amount, I bought a property in Brazil. You find HSBC branches in Brazil. Smile

  • #129718

    Julian28
    Member

    Hullo Allemao, Can I ask what is a ‘large amount’ ? Offline, if you wish this to remain private. I am looking at $R800.000 so cannot afford any slippage or headache in the transfer of the funds. cheers, Ernest Ernest2009-09-08 13:04:40

  • #129723

    Jeanne
    Member

    TO ERNEST:
    do not bring this much money into Brazil, i have for years investigated enough about it……
    you will never be able to get it out……without headaches……
    notwithstanding the fact that you will have other headaches moving the cash into the country even if to buy real estate…
    Brazil is unfriendly with capital…..they want to entice you, but once they have your cash, you are vulnerable…..
    I live in the USA and I am brazilian/american….dual citizenship….major headaches no matter what.
    Ouch

  • #129732

    irishvan
    Member

    I just never have found banks a good way to send cash to Brazil. I have always used the much smaller cash transfer agents, that many times are in small strip mall type facilities. They give me the best rate, usually give me a quarter point more if I send over 25,000 at a time, and have less paperwork. Usually a one pager plus copies of my ID is all it takes. Have used them for amounts from 50.00 to 100,000 with no problem. Money gets to any bank account in Brazil within two days (usually the next day), and I’m done.

  • #129779

    Julian28
    Member

    MovingSoon. Can you be more specific regarding ‘smaller cash transfer agents’? Are you based in the UK? I guess from your name you are not in Brazil yet? cheers, Ernest

  • #129804

    Julian28
    Member

    Ms Nathalia, I have just seen your post – apologies as strong as the Aust economy is, the Aussie Dollar is not very liquid – you would have to convert to US first…. cheers, Ernest Ernest2009-09-09 11:08:01

  • #129809

    irishvan
    Member

    Ernest- I am in the US, have my perm visa, and moving to Rio in a couple of months. I am talking about money transfer agents that have shops set up in strip malls where you can wire money to any country, pretty much in the world. There are lots of them here in South Florida because of the Cuban and Brazilian populations. However, they are everywhere. Either Google for them or look in the old fashioned phone book!! My personal experience is they always give a much better rate and are faster.

  • #129810

    Julian28
    Member

    MovingSoon,

    Alas – I am in the Uk – we don’t have such agents here, and those that do exist would charge very high rates. cheers, Ernest Ernest2009-09-09 11:08:18

  • #129835

    aagrin
    Member

    Ernest we do have the same things in the UK,
    Lot’s of them? ever been to London?
    Here you go this is the best one http://www.lccmt.com
    Good luck Wink

  • #129847

    mattad
    Member

    There are amounts that don’t go under the scrutiny of the Central Bank in Brasil, if you send a larger sum, you need to document YEARS of history AS PER WHERE THE MONEY CAME FROM.
    this is to avoid money laundering.

  • #129863

    irishvan
    Member

    I have sent six figures a couple of times, and almost six figues several times, and NEVER have had to do ‘years of history…’. I don’t know where in the hell you got that. Even within the US, if you do a transaction over 10 grand incash, you have a form to fill out, but not years of anything.

  • #129870

    Ninna
    Member

    Without a bank account in Brasil the cheapest and easiest way to get money ( above the limited 1000 Real ATM daily limit) is to use Western Union. YOu can get 2000 USD sent daily. If there are two of you, or you even have a local that you can take with you, 4000 USD…..3 peopl 6000 USD.

  • #129891

    Julian28
    Member

    Hullo All,

    I will try an FX Brokerage company here in London – it’s all legal ie they require paperwork from me to explain the reason for the transfer, copies of passport, CPF, etc. cheers, Ernest

  • #130140

    BoredInTheUS
    Member

    Dear friend,

    I am so sorry to tell you I do not know you.

    If you have anything to say, please call me directly instead of talking bad behind my back. I am afraid to tell you I do not consider this attitude an honest attitude. Take care, Fernando Bergallo

  • #130146

    gatinha
    Member

    f bergallo:
    What are you talking about? I see that this is your first post on this thread so how could anyone talk bad behind your back?…Unless you are one of the banned guys who just created a new account….

  • #130147

    BoredInTheUS
    Member

    Dear friend,

    I am afraid to tell you that I could not understand your reply.

    Yes you ‘re right I just signed in today, and I found a post from a person called Ernest with my name writen on it. That’s why I wrote that ok ?

    Also I had not being banned using another name – I have just one name, and it’s Fernando Bergallo. Thank you and take care, F

  • #130148

    gatinha
    Member

    ah ok Bergallo…things are making a little more sense! Just seemed a bit random but I see where Ernest mentioned you now…

  • #130175

    Jeanne
    Member

    AT MOVING SOON…
    THE PROBLEM OF WIRES IS NOT IN THE USA….THE USA JUST WANTS TO NOTIFY THE IRS IF YOU SEND OVER 10K US DOLLARS..
    THE PROBLEM IS IN BRASIL…..THE CENTRAL BANK OF BRASIL WANTS HISTORY OF THE ACCOUNT IN THE USA….AND WHERE THE MONEY CAME FROM…..AND ALSO THE NEXT YEAR THE RECEITA FEDERAL GETS YOU FOR 28% TAXATION…TALK TO PEOPLE AROUND.
    IF YOU DONT’ DECLARE THE MONEY, YOU GO TO JAIL , IN BRAZIL TAX EVASION IS CRIME PUNISHABLE BY JAIL OR FINES.

  • #130261

    Julian28
    Member

    Mr. Bergallo, It is an outrage that you claim to not know me – your friend Mr Santiago passed me your name regarding opening a Bank Account in Brazil – you sent me a lot of documents which I could understand neither head nor tail of, and neither yourself or Mr. Santiago have responded to any mails of mine since August. cheers, Ernest Ernest2009-09-13 19:10:50

  • #130514

    MedowVBO
    Member

    Fernando Bergallo told me that you Mr. Ernest Tavares is and Edwin, former, EdwinG or D, profiles that were previously banned from Gringoes due to constant breaking the rules…and that may be the reason why he is ignoring your fake e-mails, I suspect…LOL

    VAI VER SE EU ESTOU NA ESQUINA!!!!Brazilian Gring2009-09-16 19:38:07

  • #130529

    Julian28
    Member

    Mr Gring, I am Ernest, have always been, and would like to think I always will be. If there is confusion over my identity, one simply has to ask and I will point you to my Facebook and LinkedIn accounts. cheers, Ernest Ernest2009-09-17 05:50:28

  • #130563

    gn0s1s
    Member

    Dudes; thankfully Edwin had his account suspended for using derrogatory language and for going after people long time ago…

    The topic here is sending money to Brazil, let’s stick to the subject! Stallone2009-09-17 10:47:34

  • #130652

    I’ve read all the posts in this thread and really didn’t see the answer I need, or else I just don’t understand the answers given.
    I have a friend in Rio that I would like to send $600 usd to them(as a gift). How do I do it? What is the cheapest way and the best way. She does have an Itau bank account. Do I simply do a wire transfer from my bank to hers? Is that going to cost her due to taxes?
    As you can see, I am totally at a loss, as to how this is done.

  • #130661

    dgish
    Member

    Has anybody else on this forum used http://www.lccmt.com in the United Kindgdom? I know that the big FX players DON’T provide Brazilian Real purchases as I have called them all. Normally when I have sent money from the UK to Brazil I have “Donated” the money from my UK bank account to my wife’s account at Banco Do Brasil via international transfer and that way the Brazilian tax at her end is essentially avoided (because the money was Donated). Also, I was told that in order to send money to Brazil it has to be registered at the Banco Do Brasil as otherwise there could be problems getting the money back out of Brazil? C1122009-09-18 20:48:54

  • #130662

    micko
    Member

    Yeah that works but here in Mato Grosso there is a donation tax … it’s a state tax … you might have one wherever you are.
    Best Luck!!!

  • #130664

    dgish
    Member

    [QUOTE=DUNGA]Yeah that works but here in Mato Grosso there is a donation tax … it’s a state tax … you might have one wherever you are.
    Best Luck!!!
    [/QUOTE] Thanks Dunga. Yes I think there is a 3% tax in Sao Paulo.

  • #130724

    gringod
    Member

    I’ve read all the posts in this thread and this is the way I do:
    1º get one of thouse:
    http://www.cashpassport.com/
    2º make a account at:
    http://www.paypal.com
    3¬∫ Get your account “verified” by adding your card info. to it.
    4º Send the money to paypal account and transfer to your card or simply reload your card at any selling agency listed here:
    http://www.cashpassport.com/
    5¬∫ at Brazil you can use ANY ATM with the “rede plus” icon, and I can tell you guys that ALL BANKS here on Brazil are on the “rede plus”.
    cheers

  • #130757

    AlexBolduin
    Member

    Hello,
    — I’m placing the same message I’ve written in another thread —
    For those seeking a secure manner to send money toBrazil, I would definitely recommend using a specialized money transfercompany.
    Using your own bank can be more comfortable, but due to high fees and not so interesting exchange rates, they are to avoid.
    Using a dedicated service, you can find good value for your money (better exchange rates and low fees).
    There are several companies out there that offer this service, but I can only recommend the one I’m using:
    Trans-Fast
    (near Victoria Station)
    27, Grosvenor Gardens
    SW1W 0BP London – England
    Tel: 020 7630 0890
    Fax: 020 7630 5456
    Call Free: 0800 328 5580
    http://www.trans-fast.eu
    Money transfer method:
    – Register (You can register online if you want)
    – Make a bank deposit to their bank (Barclays or Lloyds)
    – Inform them your deposit and where you want to send your money
    – They will deposit your money in your desired bank account in Brazil
    That’s all!
    Your money can reach Brazil in less than 24h or more. You decide.
    No transfer fee.

  • #130767

    aagrin
    Member

    Hey Phill,
    Whats the maximum amount you can send in one transaction with Trans-Fast?
    I use another company that offer the same services as them but there is a limit in place of £10.000 per transaction.
    Not very helpfully if you want to say buy an apartment like I do.
    Regards T.

  • #130782

    gn0s1s
    Member

    Hi Phill; can this process be used for commercial transactions? Is there a phone number that I can call in SP? Tks!!!

  • #130797

    majazac
    Member

    There’s a limit of $r10.000 as far as i am aware that comes from the Central Bank. So the way around this and send $R30.000 is to use 2 or 3 companies and send to the same account…..or is it that easy? Also worth remembering is that if at some point you want to get your money out of Brazil, again you have to go through the Central Bank…and what you haven’t registered may ask questions! Of course you might be able to go down the route of $R10.000 at a time – not a problem with say $R200.000 but a big one with $R1.000.000!!

  • #130798

    aagrin
    Member

    Yeah it’s a Pain in the Ass mate,
    I wish they would lax up a little, I think when you buy as well you have to get in sent direct to the sellers bank account and register it with the central bank with in 30 days…

  • #130808

    AlexBolduin
    Member

    Tomjo and Stallone,
    You can send up to £3000 with no questions asked.
    To send higher amounts, let’s say to buy an apartment, it’s possible. But you have to fill in some forms and make proof of origin for the money (to comply with money laundering regulations in UK).
    I advise you to contact the agency and ask for more details.
    Stallone,
    There isn’t any local contact in Brazil, only in UK, Spain and Italy. My advise is, if you don’t want pay for an long distance call, just fill in the online form so your question can be addressed by customer service directly.

  • #130811

    AlexBolduin
    Member

    I asked for more info and here is what I’ve been told:
    – You can transfer the total amount of the apartment you want to buy in Brazil. You just need to show the documentation of the apartment (contract of purchase and sale).

  • #130816

    aagrin
    Member

    Thanks for that Phill,
    I’m well aware that they are cheaper than the banks, I yous Lcc monthly.
    Grate news to here about what they can do if you want to bye an apartment.
    I may just yous them for that latter this year.
    Thanks for taking the time to ask the questions mate.
    Regards Tj.

  • #130837

    mattad
    Member

    I was told by an attorney that you can send whatever amount to Brasil, even if you send 100k, just fill the forms and that is that….there is no taxes on this money if it originated in a bank in Europe or Usa…..

  • #130841

    irishvan
    Member

    Hercules is right.

    I have sent from 50-100 grand at a time. No problems-just fill out a one page doc and send it straight to a Brazilian bank. Just had to provide what US bank it was coming from to the transfer agent.

  • #130842

    aagrin
    Member

    Say you transfer $600.00Rs for buy an apartment then, to your or a friend’s bank account in Brazil, do you then have to register the money with the Bank of Brazil to let them know its in the country?
    That way I under stand when you come to sell you can explain where the $$$ came from in the first place.

  • #130843

    micko
    Member

    [QUOTE=Hercules]I was told by an attorney that youcan send whatever amount to Brasil, even if you send 100k, just fill the forms and that is that….there is no taxes on this money if it originated in a bank in Europe or Usa…..
    [/QUOTE]
    As a stand-alone, unqualified statement this is not necessarily true. Residents of Brazil are required to report worldwide income and just because it originates from a foreign bank does not make it exempt from taxation.
    Best Luck with your lawyer but I would suggest talking to an accountant about tax issues.

  • #131301

    BrazilBrasil
    Member

    Hi All,

    There is an easy way to send amounts in excess of R$10,000 and fix the BRL rate before you send the money. All transfers are registered with the CBoB. If this isn’t done, it can be a nightmare getting your money back out of brazil. Feel free to PM me and i’ll gladly give you more details.

  • #132642

    summerrain
    Member

    Can I just say that the service from LCC here in the UK I’ve received over the last week has been terrible. I used LCC in 2006 & 2007 to transfer money from my Nationwide account via online transfer to my sister in law’s Banco do Brasil account, with no problems. Last week, I tried to send money for the first time since 2007, and was told that my details had been deleted due to a system overhaul. I don’t live in London but had to go there to re-register. The next day I tried to contact the LCC call centre and after several attempts due to being put on hold I got through. I eventually spoke to a girl who then dropped my call while I was speaking to her. I have not been able to get through since. The times before when I used LCC were pain free – I just phoned them to tell them how much I had transferred to their account and then they moved the money to Brazil. Their service has deteriorated a lot since then so I will try Trans-Fast. davi2009-10-16 16:17:54

  • #132645

    majazac
    Member

    I used TransFast recently for some small transactions….perfect customer service and BRL delivery in 2 days at a great rate.

  • #132664

    AlexBolduin
    Member

    Hi everyone!
    There are occurring some strikes in some Brazilian banks in the past weeks, therefore some bank operations have suffered some delays, including money transfer orders unfortunately.
    http://online.wsj.com/article/BT-CO-20091007-709957.html

  • #133798

    jeb2886
    Member

    I use cambioreal for sending down smaller amounts from the US, they apparently are setup for the UK as well. Generally I send down R$1000-R$4000 or so at a time. No fee’s, they seem to always have way better rates than anyone else. Usually 2-3% higher than other places. xe.com currently quotes 1.72 (mid market rate) and they’re offer 1.76 today. I’ve never had a problem with them, it takes 3-4 days generally.

  • #133815

    majazac
    Member

    Yes – I wonder about the rates on xe.com! I think a better indication is yahoo: http://uk.finance.yahoo.com/q?s=GBPBRL=Xor of course if you’re lucky to have access to a Bloomberg terminal…. Bubbles2009-11-05 04:41:33

  • #133850

    jeb2886
    Member

    http://uk.finance.yahoo.com/q?s=usdbrl%3Dx&m=US&d=
    Of course, my quote was for the US. US on Yahoo shows 1.72 today, CambioReal 1.76.
    I have never checked the UK conversion rates for Cambio, I just see they have a large button on their logon screen for UK customers.

  • #133852

    sven van ‘t Veer
    Participant

    why such a difficult link for money conversion?
    Just ask google:
    1 usd in brl

    1 U.S. dollar = 1.71800052 Brazil reais

  • #133860

    aagrin
    Member

    Here is a Link to the BBC that I think is worth using = http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/default.stm
    You can check your $’s and your ‚Ǩ’s on here as well as your ¬£’s Thumbs%20Up

  • #133880

    AlexBolduin
    Member

    And those who are blessed with Mac OS, just press F2 and open the Unit Converter widget LOL

  • #136267

    fahadfaysal
    Member

    [QUOTE=man of leisure] I think we need more information if you are to get the best advice:

    Is this a one off payment or will there be further (regular) remittances in the future?
    Does the money need to go directly into the BoB account or can it arrive in cash and then be deposited (which begs the question does it need to be deposited in the BoB account at all)?
    Do you trust the holder of the BoB account sufficiently to risk other methods of remittance that are not via direct bank to bank transfer (would you consider sending this person an ATM card to use regularly if there are further withdrawals to be considered)?

    [/QUOTE] So VISA cash-advances from an ATM is the cheapest way to remit small amounts of money I think. Am I right. The 24HR Caiaxa machines charge a R$10 transaction fee. BUt HSBC ATMs didnt have any such fees. Also the exchange rates were always good. Bradesco ATM machines USED to work and then stopped working this year. kombipode2009-12-05 16:17:26

  • #136268

    fahadfaysal
    Member

    [QUOTE=glmel]Having been here some time, i have found that if you get to know some business people they will let you “buy” from them and give you cash. better know who you are dealing with….i know a woman with a shop that has moved thousands…and thousands for me this way….. [/QUOTE] Whats the benefit of that. That its not considered income because its a cost to you – But its income for the shop. So how much interest they charge. Can you explain this would be great. Oh hang on I think I get it. They have an item they say they sold to you. And they just sell the item to someone else again… kombipode2009-12-05 16:35:19

  • #136273

    fahadfaysal
    Member

    [QUOTE=glmel]Without a bank account in Brasil the cheapest and easiest way to get money ( above the limited 1000 Real ATM daily limit) is to use Western Union. YOu can get 2000 USD sent daily. If there are two of you, or you even have a local that you can take with you, 4000 USD…..3 peopl 6000 USD. [/QUOTE] I just used Western Union to transfer from australia to bank of brasil $2000AU. The transaction fee was $60. I thought that was pretty expensive – 3%

  • #136275

    Up to $1000 US is $7.99 using Western Union for next day pickup or deposit into a Bank of Brazil account. $10.99 gets it to Brazil within 10min or so.
    $2000 US would set you back $11.99 or $15.99 for money in minutes.
    Bank of America used to charge me $8.00 per withdrawl (3-4 years ago) in Brazil. Depending on the atm, you would likely have to make multiple withdrawls to get enough money to pay your rent or school bills, which would cost you more than a western union of the same value.
    Citybank, however, offered me free withdrawls at a City Bank atm in Brazil. Unfortunately, there were no branches near me in the states.
    Western Union is definately a good deal for some people. As is buying something with cash back if you are somewhere like the beach, where you don’t want to make a major withdrawl or pay $8 US dollars for a small some.

  • #136276

    irishvan
    Member

    Its not just the cost of the transfer (cost of the sending of the money), its the exchange rate you have to watch. Some places keep their transfer costs low but take a point or more in the rate of exchange.

  • #136315

    majazac
    Member

    I transferred some money to my lawyers in Rio last Wednesady – money arrived today.

    $R7520 at 2.93 via TransFast. Yes, 2.93 when the spot rate was 2.86.

  • #139269

    815
    Member

    I have an extremely urgent question!
    What is the best way to get $3500 USD down here (from the US) with the lowest fees? I have a Banco do Brasil account if that helps. And what would the tax ramifications of this amount be?
    I need to do this YESTERDAY!!!!
    thanks in advance!

  • #139273

    lmaonade5
    Member

    Any of the money transfer services such as Transfast (U$5) directly to your account (some same or next day–need to supply CPF, account number, account type, bank and agencia numbers), or Western Union (U$10, a few days) which usually on the receiving end involves speaking to a clerk who does something with the computer if you have an account with them and then waiting in the ‘special’ line at BofB. I’ve only sent to Brazilians (tracked by CPF, I assume), so can’t speak to tax implications for gringos.

  • #139275

    jowenh
    Member

    [QUOTE=Paulistano USA]I have an extremely urgent question!
    What is the best way to get $3500 USD down here (from the US) with the lowest fees? I have a Banco do Brasil account if that helps. And what would the tax ramifications of this amount be?
    I need to do this YESTERDAY!!!!
    thanks in advance! [/QUOTE]
    Paypal

  • #139285

    AlexBolduin
    Member

    Transfast USA can transfer from US to Brasil
    http://www.transfast.com/
    Nevertheless, please check other agencies to compare rates and fees.

  • #139287

    majazac
    Member

    Transfast’s rates today (Mkt rate = 2.92) are: 48 hrs: 2.90 24 hrs: 2.70

  • #139289

    815
    Member

    To all the above…..
    Thanks!

  • #139297

    [QUOTE=Bubbles]Transfast’s rates today (Mkt rate = 2.92) are:

    48 hrs: 2.90
    24 hrs: 2.70

    [/QUOTE]
    ……..are they able to fix the rate? I’ve always been told that the exchange rate get work out once it hit the brazilian receiving bank.

  • #139306

    majazac
    Member

    Yes, the rate they give is the rate you pay. No fees, either. I started using them as there was a previous referral (on this post), and no problems to date. Wish I had known about them 3 months earlier and would have saved a huge amount – I was using HSBC (in UK)….. The local brokers (in Brazil) charge minimum 2%, and personally I would prefer to deal with a company/people easily available both physically and via phone… Bubbles2010-01-22 08:31:09

  • #139313

    micko
    Member

    [QUOTE=Bubbles]Yes, the rate they give is the rate you pay. No fees, either.

    [/QUOTE]When I recieve my wire transfers most all of the fees are with the recieving Brazilian bank not the US bank. You still get hit with those, right?
  • #139315

    aagrin
    Member

    No I for one have not been hit with fees from the recieving Brazilian bank when using LCC or Transfast.

  • #139324

    majazac
    Member

    I second the no to Transfast fees…

    And yes, I was also getting hit with severe fees (¬£60 a time) when using HSBC… Looks like I’m not the only one who wishes they knew about TransFast/LCC/MoneyCorp some time ago! Bubbles2010-01-22 10:20:09

  • #139361

    lmaonade5
    Member

    That’s how most of the money being sent home by Brazilians in the U.S. has been getting to Brazil.

  • #143047

    wtdknknm
    Member

    I was recently speaking to Moneycorp regarding sending money from my UK acct to my acct in Brazil and they want all the documents listed below. Is this normal and do Transfast and LCC want all this to?

    From me

    C completed Trading Agreement

    c copy of passport

    C copy of utility bill

    From the recipient: (Also me)

    C CPFnumber

    C copy of a utility billin Brazil

    C copy of RGor RNE

    P proof of Income Taxor DSD

    growler2010-03-25 14:31:08

  • #143050

    lmaonade5
    Member

    In my experience, Transfast has asked only name, address, phone of sender (with no proof required). To the best of my recollection, to send to the account of a Brazilian, they need name, CPF, bank name, agencia number, and account number and type.

    Bahiana772010-03-25 14:39:07

  • #143051

    AlexBolduin
    Member

    For Transfast I know that the requirements are:
    Sender:
    – Signed Customer Form
    – ID (can be the passport)
    – Proof of address (can be utility bill)
    Beneficiary:
    – Full name
    – CPF Number
    – Account details
    That’s all.

  • #143053

    wtdknknm
    Member

    Thanks, I don’t understand why they want so much information. As I said to the man at Moneycorp, if you have my bank details at both ends and a copy of my passport and CPF number, why do they require the rest?
    If I want to send it to my company acct they want a whole lot more including copy of Social contract etc.
    They seem to be trying to make it as complicated as most things already are in Brazil.

  • #143077

    majazac
    Member

    Depends on how much you’re sending…when I was sending via TransFast, it was $R10.000 at a time so information required as per B77 and phil123. TransFast also wanted a reason for the transfer and ‘Purchase of goods’was acceptible. I doubt whether MoneyCorp are making this complicated, it’s most likely Brazilian regulations they have to go through for Compliance for a larger amount, or for sending to a company account. Bubbles2010-03-25 19:37:05

  • #143106

    micko
    Member

    I have one of those HSBC on-line accounts and don’t use it for saques because the exchange rate is so bad. I get more reais for my bucks paying the US$5 ATM transaction fee with my other banks debit card.

  • #143110

    BrazilBrasil
    Member

    [QUOTE=growler]

    I was recently speaking to Moneycorp regarding sending money from my UK acct to my acct in Brazil and they want all the documents listed below. Is this normal and do Transfast and LCC want all this to?

    From me

    C completed Trading Agreement

    c copy of passport

    C copy of utility bill

    From the recipient: (Also me)

    C CPFnumber

    C copy of a utility billin Brazil

    C copy of RGor RNE

    P proof of Income Taxor DSD

    [/QUOTE] The documents needed are due to compliance stipulations, as hypothesised on a previous post. These are needed to register the money going in with the CBoB. You’ll find a limited amount of documents is needed for transfers under R$36,000. I do find it strage however that the Brazilian banks has a duty to check the tax status of individuals. Perhaps if we were more prudent in the UK, we wouldn’t in such a dire situation. Lord Ashcroft springs to mind!

  • #143112

    wtdknknm
    Member

    Thanks for your thoughts.
    I actually have a nationwide acct which allows me to withdraw money without charge.
    I did come across a website yesterday which gave a couple of comparisons, on £45,000 it quoted:
    HSBC – R$112,613.00
    Smart currency Exchange – R$119,545.00
    R$7000 more with Smart Curency, although I haven’t heard of them before and will have to check them out.
    Moneycorp wouldn’t even give me a rate to enable me to compare against others on the day?
    They seem more interested in getting people to “sign up” and only then do you get access to a trader.

  • #143115

    ClaudePeebles
    Participant

    [QUOTE=Floripa Cabana]The withdrawal limit (daily) is a decent R$1,000 compared to the miserly R$600 Bradesco permits.
    [/QUOTE] Bradesco ATMs have a limit of R$600 per transaction, not per day. When no other choice available, I have used Bradesco ATMs and simply make 2 x R$600 withdrawals at the same time, giving R$1,200 daily.

  • #143117

    BrazilBrasil
    Member

    Hi Growler, Be aware of “quotes”. They mean nothing unless you can actually gaurentee the exchange rate you’ll get. HSBC for example cant do this, because your money is converted into BRL when it is received in Brazil.

  • #143118

    ClaudePeebles
    Participant

    Exactly, as the ex rate is bouncing like a yo yo at the moment the rate is set only when transfered into your account. Coincidentally, I transfered a large amount into Brazil via HSBC yesterday, it arrived overnight and I sat with my account manager at the bank who called the cambio and negotiated a better rate than was showing on her screen, the gain was almost 2 points which was significant. In Brazil, everything is negotiable, well almost.

  • #143119

    wtdknknm
    Member

    Have just spoken with Smart Curency Exchange but they only send US Dollars which is then changed in Brazil. I asked him how they can “guarantee” a rate to which he replied “we can guarantee the ¬£ to $ rate” – which obviously doesn’t guarantee a good rate into the R$.
    I have just put the phone down to Transfast and they do seem a better option. Not quite so much documentation required and the rate on £45,000 today is R$121000.

  • #143122

    majazac
    Member

    [QUOTE=Terry_2]Exactly, as the ex rate is bouncing like a yo yo at the moment the rate is set only when transfered into your account. [/QUOTE] A yo-yo goes up AND down…this ex. rate just seems to be heading down with the odd ‘dead cat’bounce!!!! I’ve written before that I wish I had heard of the co’s MoneyCorp/TransFast before last September – I was using HSBC for money transfers – not only was I getting caned on the exchange rate with transfer fees – I didn’t even know when the money was arriving….one payment took a month to come through.

  • #143124

    AlexBolduin
    Member

    Bubbles,
    That’s why banks shows those incredible profit margins at year’s end. Unfortunately most people doesn’t search for alternatives and keep getting robbed (literally) while the bank managers keep getting richer (and fatter) each day

  • #143125

    majazac
    Member

    Yes, it was naive on my part….hopefully people on here can learn from that. The assumption that you can trust the banks should be taken with a pince of salt….

  • #143128

    Andrewfroboy
    Participant

    [QUOTE=Floripa Cabana] This doesn’t apply to immediate transfer of large sums, and I’m not sure about the lack of fees in the UK, but if one has an HSBC account in the US (even a simple on-line savings account), they can use that ATM card at any HSBC ATM in Brasil, with NO FEE.¬† The withdrawal limit (daily) is a decent R$1,000 compared to the miserly R$600 Bradesco permits.While perhaps tedious, if one has daily or frequent access to an HSBC ATM in Brasil (and an HSBC-US ATM card in hand), then in one month’s time, a significant amount can be drawn down/transferred in, with no fees whatsoever.
    [/QUOTE]
    HSBC bank cards rip you off with an exchange rate fee of 2 or 3%, I don’t recommend using them, I used to use it and then opened a Schwab checking account and am getting 2-3% more reais for my dollars. When I take money out of an HSBC atm, neither my bank in the US or HSBC in Brasil charge me anything, i am getting the same rate I see online before I take the money out, same with my Schwab visa card, I get the same rate I see live online

  • #144469

    coolamigo
    Member

    Any body know what I’m supposed to declare to the government when I’m transfering funds from my swiss acc to my Brasilian HSBC acc?
    Been doing it for ages, and declaring nothing to the taxman.
    I only live in BR I do not work there.

  • #145645

    newatthis
    Member

    Might be worth trying http://www.transfermate.com
    I do some work with them but no affiliation, they are in uk, usa and sa paulo.
    They offer better gbp to real exchange rates and claim payments are also faster however they have a minimum transfer of £1000 as their service is generally aimed at companies and not individuals.
    They accept major currencies and pay out in real
    They also have up to the second exchange rate charts for gbp real which are a nice tool.
    GBP sterling to BRL Real Exchange Rate Graph
    http://www.transfermate.com/en/exchange_rates_table.asp?currency=GBP&curr_lim=BRL
    As with everything always compare them with your bank anyway but most banks dont seem to handle BRL well or at all in many cases

  • #145647

    majazac
    Member

    For same day transfer their rates appear to be better, but 48hr delivery at a better rate via MoneyCorp of TransFast would suffice for most people here I would guess….

  • #147771

    Açucena
    Member

    Can someone answer me in Private please?
    I am an American, and my ex was brasilian, I am a widower.
    I am 55 and want to retire in Brazil with 600k dollars.
    My life style is very frugal and I don’t plan to buy a car. I want to move to Santa Catarina. I speak some portuguese and I can read it without any problem.
    Is 600 k American dollars enough to carry me to the end of my life?
    How is a 55 year old woman looked at in Brazil?
    Also, i have a lawyer friend whom I have sent some of the money already.
    any advice is helpful. I already have a place to live and will not plan to work anymore.
    I have an account at the Banco do Brazil already.
    sincerely
    robotica
    Robotica2010-06-16 13:05:43

  • #147774

    jeb2886
    Member

    Be careful who you entrust that money to, even friends/lawyers. You don’t want to end up fighting to get it back from them if something happens. Always best to be careful, it’s your retirement.
    Also be careful about inflation, Brazil could end up with some serious inflation in the next decade to pay off some of it’s debts. Overall, the average person will be better off, but someone with pure cash might have to watch out, do investing and protect their money if it’s all down there. I would recommend waiting until the election is over, and see what happens, at least the next 5+ years will be decently stable at that point, but there could be a major correction.
    600k @ 5% interest could easily hold you. But be careful about medical insurance. Make sure you’re paying for good care, and that they can’t take it from you. You’re at a point where it’s important to have good coverage, and you don’t want to find out in 7 years that you’re uninsurable down there.

  • #147778

    Açucena
    Member

    I was told that SUS is a good national health for all.
    I was also told by a brazilian that the private insurance are very good and abundant in coverage.
    Is this true? I am friends with two doctors in Porto Alegre, and they told me that if you get through the ropes of bureaucracy of SUS, once in there the service is the same as a private plan.
    robotica
    Robotica2010-06-16 13:41:29

  • #147780

    coolamigo
    Member

    I’ve been with Sao Berdado for 7 years – No complaints…..Yet (no serious illness)

  • #147782

    jeb2886
    Member

    1 in 3 gets cancer, 1 in 2 has heart issues? I think those are the stats.
    Anyways, retirement is where it gets potentially expensive, and you don’t want to find out your getting dumped because of some preexisting condition! I think there are laws down there where they can’t do that, but I’m not positive.
    Money wise, if you’re frugal you could easily get away with what you have. Just be sure medical is covered, it’s your only unknown, but you know you’ll need it one day!

  • #147815

    Açucena
    Member

    Thank you for the tip.
    My case will definitely be heart attack, as in my whole family died of heart disease. I am a young 55 year old. I don’t even look 55 so I think that may be a factor when I get insured in Brazil.
    I was told that the private insurances there do not turn you down.
    And that there are many many good ones.
    I spent time in Brazil and really liked the energy of the country. It has a very unique energy.
    However, I do ride buses there and found them to be ok.
    So I do not want a car, and do not plan to live an expensive life.
    I was given a house on the water at the beach to live on and be a caretaker.
    Which is SUPERB OPPORTUNITY….so I want to move with my cash.
    Any ideas would be good. But I think my money will be in a box safe, because I do not believe in securities of any sort.
    thanks

  • #147816

    jeb2886
    Member

    There is a difference between everyone saying they don’t deny, and then finding out they do :) Now is the time to learn, because as you get older, you’ll likely find it harder to find an insurance provider to take you on, if you did need to switch.
    Keep your money in the US in a savings account. Only bring down what you need. In a few years, if you decide you’re staying there, then bring it down. Otherwise you’re going to pay a hefty fee for converting money both ways if you do decide to move. If you’re not going to be investing (which you’ll need to do, because of inflation), you want the least money down there possible. The US will likely have less inflation than Brazil over the years and still remain decently stable. Eventually you’ll want to bring it all down and put it into some semi-secure bank/bond situation.

  • #147847

    ezra
    Member

    I’ve been sending quite large amounts of money over to Brazil to buy a piece of land and an apartment. I have wasted big chunks of money before on bank transfers – the exchange rate was not good and I had to pay a fee – but the worst thing was the money I transferred (when it eventually got there) was short!
    I now use Moneycorp – they are able to fix the rate of the real from the outset so I know exactly how much it costs me when I make a transfer. And the fees are much cheaper.

  • #147849

    Açucena
    Member

    I was told that ATM’s of Credit Unions charge only 1% for withdrawals.
    The USA also has inflation and taxes are going up here, so really one cannot run away it is all globalized.
    I thought about Europe but it is also expensive there. I would like to leave the USA given that I think that things here are not so good either.
    I thought Brazil would be a kinder place to live. But they told me to deposit only part of the money in the bank and the other part deposit in my nephew’s account.
    So far I only have deposited there 200 k reais. I still have 600 k here to send down. So really it will take a year or two to send it down as I am doing.
    I send about 25k a month via these companies that charge 1% rate.
    R.

  • #147860

    lmaonade5
    Member

    [QUOTE=Robotica] I was told that SUS is a good national health for all.

    I was also told by a brazilian that the private insurance are very good and abundant in coverage.

    Is this true? I am friends with two doctors in Porto Alegre, and they told me that if you get through the ropes of bureaucracy of SUS, once in there the service is the same as a private plan.

    robotica
    [/QUOTE] Maybe this is true in Porto Alegre or other parts of the south. In Bahia, it is not. SUS is a disgrace here, barely adequate to keep people alive and functional, with huge waits for service. UniMed, a good private health plan in Bahia, would cost about R$500 per month for your age bracket (in a state where people are lucky to earn one ‘salario minimo’ per month, about equal to that monthy premium).

  • #147861

    micko
    Member

    Robotica –
    How do you intend to get residency? For a retirement visa you need to show US$2000 a month income and I believe that 55 yrs. is too young. Did a lawyer tell you he could get you residency based on marriage as a widower? Maybe. Is that why you are sending one money? I would not pay anything up front to the lawyer except things like xerox and gov. fees.
    In the 20+ years I have been here SUS services have been in decline … but tomorrow is always a new day.
    You will live maybe 25+ more years … US$600 is probably doable. If it all goes to Brazil you should diversify. Building a residential vila might provide some good cash flow. Income property in the US right now would be a better idea (IMHO).
    In Brazil, be very careful, trust no one.
    Best Luck!!!

  • #147866

    Açucena
    Member

    I have residency already. That is not the problem. I have a CPF and residency. My nephew got it for me, and he is brazilian.
    Sending 650k US dollars would probably last well beyond my years because I was there this year and I could get by on 1,500 reais a month, and that includes my health care plan.
    I won’t be paying rent nor a car , because I use buses in Brazil, I am ok with that…..so really, I think is very doable.
    What do you think Dunga?
    Also, I will be living in a house on the ocean and could rent one of the rooms to an expat who is an English speaker.
    Robotica2010-06-17 13:30:54

  • #147869

    jeb2886
    Member

    I think the comment on trusting no one is one that is hard for most people to understand. Most countries aren’t brought up with the safty nets that we have surrounding us. Buy a tv and don’t like it? Return it. Buy a pair of pants and they shrink even though they say they won’t, Return it. See a stop sign, stop. Boss leaves for an hour, keep working. Everything we do in the US is based around honesty. Honesty and trust are seperate, not the same thing. We trust someone here because they’re honest. Most countries trust people, but understand they aren’t necessarily honest.
    It’s hard for many to understand, but without it, you could be in for a world of hurt. Even lawyers who are on your side aren’t going to act in your best interest. They might tell you something has to be done one way, lying to you. You’ll get it done, but it’ll cost you more because it wasn’t necessary or it was a much longer process. Family is a little trickier, but if they see you’ve got 600K and they’ve got less, they just assume sharing rights to it. So be careful. This isn’t about Brazil, but about many countries. Yes it happens in the US all the time too, but to a less extent. Also those people are labeled very quickly by others for their actions, while that often doesn’t happen else where.
    Just make sure you diversify everything, you’re at a age where you can’t afford to lose everything. If someone is offering you 100% return, maybe go for it, but not with everything. When you’re younger, you can take more risks and bounce back. Now you’re into your conservative part of life, so diversify. Rental homes is a good, money in the bank returns a pretty good rate, bonds, and US holdings are also good.

  • #147870

    micko
    Member

    [QUOTE=Robotica]What do you think Dunga?
    [/QUOTE]What I said … It’s doable … but trust no one. There isn’t enough to go around.
    Best Luck!!!
    – Yes … JK said it more elaquaintly!!!
    DUNGA2010-06-17 13:49:34

  • #147882

    Açucena
    Member

    Trust no one here in the USA, ditto .
    Over here you can’t even tell a friend you have a savings account, because they envy you.
    In Brazil at least the people I know have their hearts bigger than their heads.
    I totally trust the brazilian family of my deceased husband. They have proven time and time again that although they are have simple homes they are very complex people.
    Here in America, I would say we have complex homes and all the cash we need. America is the land of money and opportunity and I am grateful to be here, but I want a change.
    Also, I was told today that internet in Santa catarina is 46 dolares a month.
    Unimed is 500 reais depending on the plan.
    Every thing depends on what you want.
    I think if you want to live on the high side, there is never enough money.
    I rather spend less and live a simpler life, but a full life in a beautiful place with beautiful fun people….and for that, no money in the world is worth saving.
    What I really need to find is someone in Santa Catarina.
    Robotica2010-06-17 16:27:27

  • #147888

    jeb2886
    Member

    See, you already are ignoring the advice. There is a cultural difference, and you’re ignoring it.
    If you think the US is unsafe, then you’re missing the entire point. Because the US makes things about as safe as possible in terms of financial transactions. There are swindlers out there, but by and large the number of people like that are minimal. Eg, returning a tv or a pair of pants here is just a given, because we don’t like them, or believe they were used, or they didn’t perform correctly. There, it’s not as common. Why? Cultural differences in how things are handled. People are expected to do more due dilligence.
    You’re saying ditto the US. Which is not true. You’re confusing honesty and trust again. And you’re confusing trust, honesty and complex people with great hearts again.

  • #147927

    (This response will be off-topic to the actual Forum topic, but is a valid reply to the poster addressed)
    Robotica,
    Internet comes in various speeds in Brasil. There are “light” versions, 400kps, 600kps, with “light” monthly fees. In the US, from my experience, broadband/band larga was never offered for at any speed less than 1Mb. If you happen to live in a downtown environment in Brasil, you may even be able to get 4-6Mb, but of course the price will be higher.
    I live on the ocean side of the island of SC, and the best we can get is 1Mb (pay for); actual speed is much less! I pay for 600kps, and on a really good day, may get 400kps. Other days, it slugs at less than dial-up (once, it registered at 28kps!). On average, I receive about 180kps. Merda! There are numerous speed tests out there, just google the term. I have no choice other than Oi were I live. They chupa!
    As for Unimed, I’m in my early 50’s, have the “Regional” coverage with them, and pay only R$220 per month. Not sure what plan was going to cost you R$500??? Now I should inform you, that my plan does NOT include a “private room”, in case of hospitalization, but a ward. I know, you probably cringed when you read that! Yet I chose this plan on the advice of all my Brasilian friends who also have Unimed.
    They told me that when the day arrives you actually need to be hospitalized, you can request to be “upgraded” to a private room, and that there are always rooms available. Made sense to me. Rather than paying month after month, year by year, for something that may not be needed, why not pay on the spot for the upgrade, like at the airport?
    I will conclude with what is an inappropriate comment, since I do not know you, or the family of your late husband. Nonetheless, I bet most readers here will concur, and a few other posters have already stated similarly….
    When it comes to wills, inheritance, settlements, or even just large amounts of money, whateverthe source, no oneshould be completely trusted, no matter how “big” their hearts may seem!!! Greed is a powerful poison, and it may not take effect immediately! Your closing statement “What I really need to find is someone in SC” paints a HUGE bull’s eye on you as a target! Cuidado querida!!! Cuidado….
    Gringo.Floripa2010-09-20 08:38:08

  • #147972

    jeb2886
    Member

    The key is to have insurance that covers all medical, you don’t need first class seats, you just need a seat where you’re going to get to your medical needs services. So private room vs no private room is up to you! But having *A* room is the important thing!
    As for your internet. It’s not 1gb, it’s 1mb. You’ll find that you lose about 20% of your bandwidth to overhead, so 600kbps and getting 400kbps is pretty good. Also your tests are likely running from north america, and they are going to be skewed massively. If there is a delay *anywhere* your numbers will look horrible. You need a test that is very local to where you are. Don’t be too fooled by those numbers! Also many US cities are working off 768kbps DSL lines! We’ve got some of the worst internet here in terms of broadband.
    In general, as long as you’ve got about 500kbps, you’re going to be happy. Above that, and you’ll notice it for very large downloads. You’ll notice upload speeds far more often, like when doing a video conference, you might be only downloading 100kbps, but you’re uploading at probably close to your maximum, which is probably about 100kbps as well. When you hit yourmaximum on your upload, your download falls to nothing as well, due to the way data is transmitted. It needs to send an ACK when it gets data, but if it can’t get an ACK out because you’re uploading something else, then you don’t get any more download packets, thus your download speed drops to almost nothing!

  • #147976

    Açucena
    Member

    Thank you for all your time, to all of you. You are so informative and kind to answer it in so much detail.
    I had plastic surgery in Brazil for free. The surgeon was a friend of my late husband and it was amazing how kind this people were at the hospital to me. I was so impressed with the medical system in Brazil.
    Once I had a terrible cold, I went to a clinic called Posteao and they did not charge me not even for the meds. I was so impressed at their humanity.
    Here in the USA the first thing is the Blue Cross card that they ask you.
    Are there any Americans in the Forum that can relate to that? I know you Brits have health care, but here in the USA is so awful. For me here , my blue cross -blue shield is 880 dollars per month, and I have deductibles and co-pays.
    What a rip off! and they deny payment as they see fit.
    Are there Americans here in the forum that can corroborate with what I am saying?Dead
    As per my trusting people, believe me I am trusting but not a fool!Smile

  • #147979

    jeb2886
    Member

    I have seen a few medical systems in operation, you’re pretty much dead on. In fact, it’s probably safer for you in Brazil as retirement nears, as long as you’ve got decent coverage. You’re already willing to pay $800/month, so paying 1/4 of that in Brazil will be nice. I would keep up good insurance in Brazil regardless.
    Watch out for cultural differences though with trust. You’ve got an american view on pinpointing scammers. If you went to another country (besides Brazil) you would likely have no idea how to identify a scammer.
    For example, we base most of our decisions on information we gather from previous customers, friends, etc. However, it’s because we’ll admit mistakes easily. I went to this car shop and he ripped me off! Other countries won’t do that. They don’t want others to know they are an easy target or perhaps a macho thing, so they would rather say “Yeah I got my work done there!” or “I’ve never heard of that place before…”. Where as in the US, we expect honesty from our friends, family and coworkers.
    Your skills are very good for the US, but for the rest of the world, probably terrible. And it’s not YOU, it’s everyone. Someone who is friendly and helpful in Brazil might not be ready to admit to you their mistakes in going to a bad mechanic. Especially if they’re related. Are they going to rat out their cousins work to you? There are so many little things to take into consideration. The little cultural differences you’re un aware of. Friend and helpful doesn’t mean honest and trustworthy. In the US, it’s often very correlated, in other countries it might not be. These things are subtle, but can be devestating.

  • #147984

    Açucena
    Member

    As for Internet, I will have all the time in the world because remember I am retiring not working, time on my hands galore.
    I can tell you horrible experiences with my old clunker car in the USA. Talk about taking women for a ride. Horrendous.
    Well I won’t drive in Brazil so that car problem is gone.
    I will be going from Porto Alegre to Garopaba by bus once in a while.
    And, I will probably ride my bike from one beach to another.
    I was quoted 160 reais per month, for package of phone, internet, and cable in Porto Alegre.
    I pay 100 for cheap cable in the usa. Also, will be nice not to pay one dollar for an orange here. Actually is 1.09 per orange.
    Do they still have Dulce de Leche and alfajoras de Uruguay? and a fruit called Jabuticaba?
    Robotica2010-06-18 14:30:28

  • #147986

    jeb2886
    Member

    Your entire life has been based around finding deceptive US practices. This isn’t US is better, this is US culture is different. You could spot a scam a mile away in the US, while others can’t. Look at advertising! The only way it works is to keep creating better ads. My wife had major issues with advertisers when she moved to the US because she wasn’t used to all the deceptive practices used. I have no issues. When I see the miracle mop 5000, I know not to bother with it, while she’s intently watching and amazed and what it can do.
    This happens everywhere. It’s how it is different in different parts of the world and how each culture has it’s own methods of dealing with people trying to take advantage of them. It still happens, you had issues with your car in the US. That happened, even with all your skills you had learned. You have 0 skills for other cultures, which means you’re far more likely to rely on faulty data points. The whole “trust no one” comment from someone else is because they have no idea how to judge others in Brazil. It’s not trust no one, it’s what do they use to judge people, and how do they do it differently?
    If you send 30% of your money to this lawyer and they just wander off with it, is that going to be a costly mistake for you? Probably. If you pay twice as much for a dinner is that costly? No.

  • #147993

    Açucena
    Member

    I see money is a big consideration here.
    I am not so worried about money .
    I am more concerned in enjoying the social scene of Brazil.
    You guys must be very young–still in working years. Well, I am beyond all that. One of the things that will be nice to leave the USA is that the talk about money will be gone for good.
    Parties here are all about MONEY. I am so trapped in a circle that all my friends here are all consultants and have no fun, no life, all is about turning the buck. They will die having never lived life itself.
    As my cunhado says “o que se leva da vida e a vida que se leva”….
    I asked my cunhado for the name of a dating service in Brazil for people my age and if I could rent one of the rooms on the house at the beach front that he will let me live in.
    His response was “NO” don’t even think about dating service not even renting to anyone. You do not want to end up a corpse.
    That really scared me a tad. He also said I cannot bike at night on the beach that is not safe. So I guess they will have to give me the loaddown, all in all I am very excited to go to Brazil.
    France is also superb, but too expensive. Smile
    Robotica2010-06-18 15:59:09

  • #147997

    jeb2886
    Member

    With no money, you’re starting over.
    It’s not about losing out on a dinner. Or losing out on buying a tv.
    People didn’t say trust no one <period>. They said trust no one, including your lawyer and family and friends. That is different.
    Losing $20 to them is no big deal. If it costs you $20 to learn who your friends are, that is the best $20 spent. If it costs you 50% of your retirement money, you could end up in trouble.
    Then you’ll be working until you die, like your friends. You’re in conserve mode now. Spend what you need, live a fun life. Be conservative and careful on doing anything with large amounts of money, relax on everything else.
    Your friends “suggestions” about dating, etc are there for a reason – money is in tight supply for many people, therefore your a MASSIVE target.

  • #147999

    Açucena
    Member

    I find the brazilian men very attractive. My late husband was brazilian and he was a wonderful man.
    How are the brazilian women compared to us gringas.
    I usually get a lot of attention in Brazil , I am blonde and light complexion.
    So I hope I can still find a nice man.
    My in-laws in Brazil are not to keen in me dating. I wonder why. I think is because maybe they think I should respect the memory of my late husband.
    But I need a companion to live and enjoy time with.
    Also, let us keep in touch. I plan to go next April and go by boat on a cruise all the way around Brazil, should be terrific. Is 5k for a cruise one way.
    Worth the cash. Also, if you all know people in Garopaba or in Santa catarina, would be great to meet you all.
    Wink
    Robotica2010-06-18 16:38:17

  • #148017

    coolamigo
    Member

    [QUOTE=Robotica]Thank you for all your time, to all of you. You are so informative and kind to answer it in so much detail.
    I had plastic surgery in Brazil for free. The surgeon was a friend of my late husband and it was amazing how kind this people were at the hospital to me. I was so impressed with the medical system in Brazil.
    Once I had a terrible cold, I went to a clinic called Posteao and they did not charge me not even for the meds. I was so impressed at their humanity.
    Here in the USA the first thing is the Blue Cross card that they ask you.
    Are there any Americans in the Forum that can relate to that? I know you Brits have health care, but here in the USA is so awful. For me here , my blue cross -blue shield is 880 dollars per month, and I have deductibles and co-pays.
    What a rip off! and they deny payment as they see fit.
    Are there Americans here in the forum that can corroborate with what I am saying?Dead
    As per my trusting people, believe me I am trusting but not a fool!Smile
    [/QUOTE]
    Yes, my Brasilian wife was quite impressed by our public health care in Scotland when she had to go for some minor surgery (I was offshore at the time) – They even provided a Portuguese translator for her at Aberdeen Royal infirmary. Dont think youd get that kind of treatment in Brasil…….
    Scotsman2010-06-18 17:57:19

  • #148023

    [QUOTE=Robotica]
    Here in the USA the first thing is the Blue Cross card that they ask you.

    Are there any Americans in the Forum that can relate to that? I know you Brits have health care, but here in the USA is so awful. For me here , my blue cross -blue shield is 880 dollars per month, and I have deductibles and co-pays.
    [/QUOTE]

    I will say that I love my Brazilian health insurance. Everytime I go to the doctor without having to pay a copayment…boy does that make me smile.

    My blue cross bills when I lived in the states were insane. $75 for an emergency visit. $20 copay for birthcontrol everymonth. $30 copay for azithromyocin when I got sick. $40 for allergy medine. $50 for a shot.

    That on top of the hundreds of dollars a month that were getting deducted out of my dad’s paycheck. I think he pays like $250 every 2 weeks on top of the vast majority of the cost that his employer pays. Here, I think R$7 gets deducted for my husband and I both to be insured. Get hurt on a Sunday? Go to the doctor, show your card, get treated, get xrays, get a shot and pills, get whatever you need and pay…nothing! I buy birthcontrol here without insurance at whatever pharmacy is closest and pay about R$10. Azythromyocin here when I got sick cost R$25, delivered to my house at 10pm by a motoboy without asking for my insurance card. If you have a prescription you can go to a public pharmacy and get medicine for R1! That being said, I would never but my life in the hands of the doctors at Getulio Vargas or Lorenco Jorge. You would probably die in the waiting room or pick up something worse than you went in with. The only reason to ever trust SUS in Rio would be if you were looking for several days of sick leave. I heard that Miguel Couto gives your 4 days for anything, including the sniffles. If you are willing to wait about 6 hours in line to be seen that is.

  • #148025

    jeb2886
    Member

    The US pays for roughly 90% of the worlds medical research. One way to drop the US rates, is to ensure every other country coughs up a HUGE amount of R&D money!
    Medical insurance is insane. Something like $150,000 a year for a doctor. After that, they need to ensure 100% that everything they do is by the books.
    Buying the same drugs in Canada is like 80% cheaper. They can still make money off those prices, but they can’t recover the R&D costs. Therefore many countries get great deals, the drug companies make profits, but not enough to cover R&D.
    When you pay a guy R25 to deliver something to your house, you must understand that he is making essentially *nothing*. You’re earning vastly more than him. These vast differences in pay, allow for a nice system for you in Brazil.
    The idea behind copay is to make you think twice before going to the doctors. I’m betting something like this would save Canada huge amounts of money per year. Even a $10 copay would reduce the number of unnecessary visits.

  • #148027

    Açucena
    Member

    The USA has the worst system for medical care. It is a known fact.
    Not even worth going into the details of numbers. Who cares really!
    We are the worst! I am very glad to be getting rid of our system here.
    I am not interested in profits for the pharmaceuticals. I had an operation in Canada and thought what a great country Canada, too bad is so cold and boring.

  • #148030

    Anonymous

    I just came back from Montevideo, Uruguay.
    What a great country. I think Uruguay is great because not very much give it too much thought.
    have you taken a look at it, before you go to Brasil? Take a look at Monte and you will be amazed at how great that little country is.
    I am not in your situation but if I were i would think Montevideo or even Buenos Aires which I love.
    as for beaches you have punt del este and bariloche, take your pick,
    do a little research you will be pleasantly surprised.

  • #148038

    jeb2886
    Member

    Average citizen in the US probably has better medical than the average Brazilian.
    Extremely rich in the US get great health care.
    You’re going to Brazil, where you’ll be the “extremely rich”.
    When you’ve got the money to afford the good insurance, you’re set. 250R is over half a months salary. If you worked in the US and your insurance was over half your income, wouldn’t that seem high to you too? Probably.

  • #14322

    Mikeffd
    Member

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