Maybe you need to send money to a family member, split costs with a friend, or you simply need to make a payment back home – there are plenty of reasons that you might need to send money from Ireland to Brazil and thankfully, there are plenty of ways to do it!
Here are the answers to some of the most common questions about sending money from Ireland to Brazil, including the best ways, the transfer costs, and how you can send money from Ireland to Brazil with a Money Jar digital account.
What are the best ways to send money from Ireland to Brazil?
Sending money from Ireland to Brazil has become a lot easier than it once was so if you’re hoping to transfer money to a bank account or family member in Brazil there are plenty of options out there. Some of the most popular methods include:
- Bank transfers, sometimes referred to as wire transfers, are one of the most tried and tested methods of sending money abroad. The majority of banks in Ireland support transfers to Brazil however keep in mind that exchange rates may be weak and fees can be higher.
- Western Union is a common method used to send money from Ireland to Brazil. You can send your money either online or in person at one of their locations across the country. Be sure to check exchange rates before making the transfer.
- Online transfers are fast becoming the go-to way to send money abroad. This is because it is quick, straightforward, and doesn’t require leaving the house! You can do an online transfer with most bank providers or with a dedicated money transfer app. When you have a digital account with Money Jar, you can send EUR transfers inside the EEA and international payments to Brazil, India, Mexico, Poland, and Ukraine.
What does the transfer process look like?
The process of transferring money abroad can look pretty different depending on the method you choose. In most cases, you can expect to have to register for an account with your chosen provider, the next steps may involve:
- Providing your name, address, contact details, valid proof of ID, and method of payment
- Providing the recipient’s name, contact details, and bank account details (including account number, SWIFT or IBAN, and their bank’s address)
- Checking (and double checking!) that you have provided all the correct information
Remember, one of the most important steps is to check that you are happy with the fees and exchange rates before confirming the transfer. At Money Jar, we strive toward full fee transparency and this is no different when it comes to our foreign exchange transfers! This means you will always review the fees and exchange rate before confirming the transfer.
What documents do you need to transfer money to Brazil?
To ensure the transfer process runs smoothly, there are a few documents you will need to have, these include:
- A valid photo ID: This can be a driver’s license, passport, or government-issued ID.
- Payment method: Would you like to pay in cash or would you prefer to use a debit or credit card? Other options can be direct online transfers or personal cheques.
- Recipient information: You will need the recipient’s name, contact details, bank account number, SWIFT or IBAN, and their bank provider address
How much does it cost to transfer money from Ireland to Brazil?
When it comes to transferring money from Ireland to Brazil, there are so many factors that can impact the cost.
Exchange rates can vary depending on the method you choose to send money. At Money Jar, we are proud to offer highly competitive FX rates. These rates will be shared with you before your transaction meaning you will always review the fees and exchange rate before confirming the transfer.
Transfer fees are the payment you make to move your money from your account to another. This might sometimes be calculated as a percentage of the amount you’re transferring or it can be a fixed rate.
There are also other factors to consider such as the type of transfer you choose, if you need the transfer to arrive quickly and whether or not your chosen method may offer discounts or additional fees when transferring over a certain amount.
Sending money to Brazil with Money Jar
Money Jar customers can send money abroad with just a few simple clicks within the app. As well as being able to send EUR transfers inside the EEA, you can send international payments to a growing list of countries: Brazil, India, Mexico, Argentina, Chile, China, United Kingdom, Philippines, Thailand, Turkey and South Africa.
Here’s how a transfer with Money Jar works:
- Open the Money Jar app and click on the ‘Payments’ section at the bottom of the screen
- Click on ‘Foreign Exchange Transfer’
- Add a new account to transfer money to or use an existing one
- Enter the amount you want to send in EUR or the amount you would like your recipient to receive
- Before you confirm the transfer, the exchange rate and all relevant fees will be displayed
