Posted on by Anastasia R.

“The Best Way to Send Money Online” – This slogan makes Sharemoney the perfect money transfer option for people living in the United States and sending money remittances back home. One of the countries that Sharemoney lets you send money to is Brazil. Wondering how you can easily send money to Banco do Estado do Rio Grande do Sul in Brazil?

About Banco do Estado do Rio Grande do Sul

Founded in 1928, the trade name for this bank is Banrisul. It is the state bank in Rio Grande do Sul, and is the biggest bank in Southern Brazil. It has more than 473 bank branches in Brazil, and 2 overseas bank branches in the Cayman Islands and New York respectively. In the last quarter of 2014, Banrisul has reported a 99% increase in sales for the last 6 years since 2009.

Bank swift code: BRGSBRRS

Bank routing number: 066016782

About Sharemoney’s Money Transfer Services to Brazil

Sharemoney has been helping many Brazilians make money transfers back home from the United States. You can use your bank account, debit card or credit card to initiate a transfer. Sharemoney allows you to deposit money directly into Brazilian bank accounts in a matter of minutes.

Simply Create an Account or Log In at Sharemoney

When you want to use our website to transfer funds, all you need to do is create an account (for free) or log in if you already have an account. Once you have created an account or have logged in, you’ll see the option to select your destination country and  the ‘Send Now’ button, and from there you will be asked to fill in any information required for the transfer.

Choosing Your Payment Option

There are three ways in which you can transfer money to Brazil. One is through your own bank account where you will be asked to enter your routing and account numbers. Processing may take up to three (3) business days if you use this option. Your recipient will usually receive their money sooner, but in some cases it may take a few days after you initiated the transfer, depending on your bank.

If you want a guaranteed fast transfer, you may also send money to Banco Rio Grande do Sul through your credit card or debit card. Using the credit card option is just like using your credit card for cash purposes which may incur additional charges through your bank. This is why another option is recommended – through your debit card. This is a faster process that will usually take only a few minutes to complete, and it is usually the cheapest way to pay for your money transfer.

Understanding the Money Delivery Option

For money transfers to Brazil, your recipient can only receive the money via a bank deposit. Below is a list of banks that we service in Brazil. Simply choose Banco do Estado do Rio Grande do Sul as the receiving bank and fill in your recipient’s bank account information.

Bank Deposit

If you are a new user, your money will be delivered once your source of payment and personal information is confirmed by us. If you are a returning user, your money transfer will only take a few minutes to complete.

Understanding the Policies Pertaining to Money Transfer to Brazil

There are different policies that you must be aware of when using Sharemoney to send money online to Brazil. This will include rates that are usually computed based on the amount you are going to transfer. There is also a limit as to how much money you are allowed to send set at $2,999.99 every 14 days. You should also inform your beneficiary about the money transfer and it will help if you give them the Money Transfer Number (MTN) for further reference.

Send Money to Brazil

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