• Author
    Posts
  • #48237

    Sian
    Member

    Hi I am transfering money from my American bank account to my wives Brasilian bank account.I was told by my bank they need her bank account #,swift # and her routing #.I got everything from her but the routing #.the bank is banco bradesco.does anyone know the phone number or a way to get their routing #.My wife isn’t near an uinternet or cell phone for a few days.I want to send the money now!obrigado!

  • #48249

    santos
    Member

    routing # ???? Never heared of it! But as long as you have the SWIFT #, it shouldn‘t be a problem!BTW, from my own experience with intl. money transfers, I recomend that your wife contacts her BRADESCO Branch to inform them about the moneytransfer and also get the name and phone number of someone at the Dept. for intl. moneytransfers. Otherwise the money will arrive at BRADESCO and noone knows about it, so they don‘t transfer it directly to her account. Also the regular bank staff has not the minimum of a clue about intl. transfers, so it‘s very important to have the contact with the Dept. of intl. money transfers!Depending on the amount, (R$ 10,000 and higher, if I‘m not wrong) your wife (account holder) has to sign documents (explaining the origin and pourpose of the money) for the BANCO CENTRAL, personally at the branch, before the money will be released to her account!GOOD LUCK!Mineiro_Alemão38995,4109490741

  • #48260

    A routing transitnumber (RTN) or ABAnumber is a nine digit code, used in the United States, which for instance appears on the bottomof negotiable instruments such as cheques that identifies which financialinstitution it is drawn upon. This code is also used by the Automated ClearingHouse to process direct deposits and other automated transfers. This numberand your account number are located at the bottom of your check in the funnynumbers and letters. Brazilian Bank accounts are identified by the accountholder name, the bank agency number, and the account number, (in my case thesame number for conta corrente and poupancia). A typical account at our BdBmight be: Maria da Silva; agencia: 0173-7; conta: 17043-6. I have sent numeroustransfers to my wife‚Äôs account over many years from various countries using basicallythis information. The agencia # number is particular to the bank branch andthis is what I have always used in the place of the ABA(or routing) #. Sometimes they ask thebanks address…Centro, My Town, or her address and phone number. I have neverused a swift code for our bank here in Brazil. I am not sure it has one. Because ofBrazilian exchange restrictions incoming dollar wire transfers normally don’tgo straight to the Beneficiary (her) bank but through Intermediary bank(s).My last transfer went from an account in CA, to a BdB bank in NYC to a BdB bankin Sao Pauloto my wife‚Äôs BdB account here. I know because it was a little late, being wellover 21 days, and I tried to track it down. The guy at the USend explained that each transfer…CA toNYC for example…if not an Xtra$$ rush…could take 4-5 days. He didn‚Äôt knowabout the 7 de setembro feriadão. Of courseafter my wife had wasted an afternoon at the bank, and I a call to Colorado, it showed up as a deposit the next day.There are usually acouple more blanks on the form; 1) Special information for the Beneficiary; and2) Special information for the Beneficiary Bank. Here‚Äôs where peopleput things like: manutenção (de pessoas físicas residentes ou domiciliadas noBrasil); or transferência de patrimônio or doação or a desperate EmergencyMedical. It is best to talk toyour Brazilian banker and/or accountant before making substantial transfers toagree on how this is best handled in view of your particular situation. Anythingover some minimal amount per month (like maybe R$1160 now) is ultimately subjectto taxation as income. Check under Carne Leonat the Receita Site.At the link belowis a way to search out Bradesco agencia bank numbers….go to link below…go clickon Rede de Atendimento in the left hand column…in the pop-up click on Agencia link and search using city/state tool…Agencia # shows as Código…double check number with agencia tool…Good Luck…http://www.bradesco.com.br/

  • #48283

    LandAmerica
    Member

    HI,THANKS FOR INFO.i JUst joined xoom.com its very cheap and great site to snd money to brasil.it only costs me $5.00 per transfer.they do everything for you.thanks!

  • #48290

    PatrickGH
    Member

    Zoom.com makes some money on the spread between their exchange rate and the Banco Central rate which is this morning about 2.10 for zoom and 2.16 for BC. If you pay zoom with your credit card you could be liable for cash advance charges, maybe 4%(?). The site says you can have the money deducted out of your US account and deposited in a Brazilian account. I would be interested as to how in practice this works out. Often with a normal wire transfer from the US you pay there to initiate the transfer and the Brazilian Bank charges more fees to receive it, so this is probably cheaper than that and less hassle, though there may be some Banco Central ramifications.Good Luck…let us know how it works out…

  • #48475

    Bahiagringo
    Member

    Could someone please explain the exact definition of what transferência de patrimônio actually means please.thanks.

  • #50115

    CrydayTrach
    Member

    if you are in the Northeast area of Brazil and need to transfer money seek professionals !!!Any questions doubts or help look at info below

  • #51233

    Anonymous

    Has anyone ever tried that Xoom service?I read somewhere that they only charge $5 for transfers to Brazil. I started to do a transfer to test it out, but then they started asking for bank information and I started having visions of the bad wire-transfer-bank-experience, and I stopped it.I’ve used Xoom for paying for IT projects in other countries, like India and the Philippines, and Xoom worked pretty good for me. I’m just wondering about Brasil. $5 sounds pretty good. Caveat: I think the exchange rate that they use is not so good, so on large transfers, I don’t think it’s cost effective.

  • #51240

    LandAmerica
    Member

    Some clients of mine have used xoom, they are pretty cheap, but the wires takes longer to be deposited and they do not pay at a good exchange rate.

  • #51258

    Anonymous

    UPDATE XOOM IS A JOKE.IT TOOK WAY TOO LONG AND MANY PROBLEMS. I GOT MY WIFE A CHECKING ACCOUNT AND ATM.I WENT BACK TO WESTERN UNION THE MONEY TO HER ITS THE QUICKEST WAY.SHE THEN PUT MONEY INTO HER ACCOUNT.:)

  • #8766

    acbrasil
    Member
  • #276701

    Anonymous

    hi all, me too want make a money transfer to my wive’s account from abroad . any idea about how much the receivers bank gonna charge for the transaction? what info i got by digging this forum is, Caixa Economica charges : 1% of amount and max. of 100. bank charge this in USD or in reais ? anybody have hands on experience recently about this ? i want to send 10000 reais [2850 USD approximately] we already tried to get info from the bank caixa. but they have no idea about how much will be the charges from their end. western union charges 400 reais for this transaction that is too much for me. so bank wire transfer is the option. but will be nice to know if the bank charges less than western union . help please. thanks illusionist2015-08-08 09:16:33

  • #276703

    Anonymous

    The bank will charge you less then WU but there is no consolation prize for their participation+ i.e they are all f**king crooks.The quote you got from Caixa is in US Dollars, make no mistake about it. I have heard horror stories ( mine ) when I got tagged for US$ 150.00 plus a screwing on the exchange rate ( that was bank Itau a few year ago ) I ended up loosing about 8+% on a transaction of â‚Äö¬¨3000.00That`s when I dropped them like a cheap whore with herpes.The best way to get the amount of money you want to send into Brazil is use a debit card here in Brazil to take it out, much more convenient, safer and less stress on your pocket book.

  • #276705

    Anonymous

    Oh yes, the banks here are crooks. No doubt about that. Try looking at their fees for some real nightmare-fodder. Like, say, you receive a US-dollar drawn on a foreign bank (say, an American bank) and make the mistake of going your Brazilian bank with a simple request: Namely to just deposit it.They will take the check (gladly, I should add) and send it to their ForEx desk which will “buy” it at the daily exhange rate minus their fees. But it will take a month before the funds show up in your Brazilian account in reais. Depending on the bank and the amount on the check, fees can be on the order of 150 to 200 reais PER CHEECK. If the check is smallish, say, a $100 check, half of your money gets eaten by bank fees on the Brazilian end.

  • #276709

    Anonymous

    so you guys are recommending that it is not a good option to send via bank wire transfer ? To avoid head ache and visiting the bank multiple times , better use WESTERN UNION ? ( 400 reais is the fee for WU)

  • #276716

    Anonymous

    Try Transferwise.com,they offer an excellent service.

  • #276717

    Anonymous

    Is transferwise available from OP’s location? (He stated that he was in UAE, which precludes my recommendation to him of using xoom.com)

  • #276945

    Anonymous

    i am married to a Brazilian, has permanent visa viper, RNE CPF etc. lived in Brazil for 1 year, now working as a salaried person in a TAX FREE country [ no income tax ] in my home country i do not need to pay tax as well [ exempted from tax. legal ] So coming months i am planning to send money to my wives account via wire transfer [around 8k reais per month ] [previous transactions i used WU] .,please note that Brazil has a double taxation treaty with INDIA

  • #276946

    Anonymous

    so i am sure sooner or later Brazilian tax authority gonna ask questions about the money coming from abroad to my wife. even if i sent via WU she must show her CPF to receive, so of course Brazil government know about this little money. So do i need to pay tax in Brazil? or any exemption are there for foreign income because i am not a tax resident in brazil [ i assume i am not a tax resident because past 20 months i was not in brazil], but i had CPF [just visiting next month to keep permanancia visa status] So suggestions and guidelines please guys. any expert advice on how to deal with this or any solutions to pay atleast less tax ?or i am just worrying for nothing ? thanks

You must be logged in to reply to this topic.