Brazil Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

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  Introduction

  Brazilian banks and currency

  Brazil has a very advanced banking industry and with the adoption of the Real (R$) in 1994, inflation is finally under control thanks to the stablility of the currency.

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  Bank accounts

  How to open a bank account in Brazil

  The process of opening a bank account in Brazil is quite straightforward. However, foreigners are only authorised to open an account if they hold a residence visa.

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  Money in Brazil

  Cash, cards and ATMs

  Brazil has a very extensive banking network and ATMs are widely accessible. The popular international credit and debit cards, such as VISA, MasterCard, Cirrus and Maestro are nationwide accepted.

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  Money transfers

  How to transfer money in Brazil and abroad

  Money transfers in Brazil are very convenient, but also very expensive. You can pay most of your bills online or use the wide network of banking service points to perform your banking transactions.

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  Taxes in Brazil

  Income and other taxes

  The Brazilian taxation system is very extensive. Taxes are levied at the state level as well as on district and municipality levels. This leads to numerous different taxes so you might consider consulting a specialist for your initial time in Brazil.

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