How to send money to Spain from Brazil with the best BRL-EUR rate

Comparing providers offering services between Brazil and Spain, based on your specific needs is the best way to send money with confidence.

Based on the availability of companies for BRL/EUR

• Wise is our top pick for sending Brazilian Real to Spain. A transfer of 40,000 Brazilian Reals to EUR will cost you R$1645.35 in fees, and you will receive 6,525.62 EUR. The transfer time is same day, but might be a bit longer depending on the day you make the transfer.

• Of the 4 providers compared, Revolut is the cheapest option for sending money right now. We found that Revolut is 0.79% cheaper than the second-best option.

• Fastest way to send money to Spain from Brazil is via Revolut. The transfer time is within minutes with Revolut for a R$40,000 transfer, but it will depend on the time, day of the week, and the amount you send.

Our comparison includes 4 companies that provide the ability to send Brazilian Real to Spain.

This ensures you get the best options for transfers to Spain from Brazil, based on the amount you want to send.

The exchange rate determines the price you’ll pay for Euro when sending Brazilian Real to Spain.

The rate between the Brazilian Real and Euro is currently 0.1691. Wise offers the best exchange from BRL-EUR.

The total cost of sending money to Spain from Brazil is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for BRL-EUR is 0.1691 EUR per Brazilian Real.

• Fees: When sending money there may be additional fees. Revolut offers the lowest fee of the 4 providers tested, costing justs 60 BRL per transfer.

• Amount Received: When comparing providers, the best measure is the amount of Euro eventually received in Spain.

This number should allow you to determine if you are getting a good deal. A higher amount of money received in Spain, means a better overall cost of sending money from Brazil.

Sending money via a bank transfer is the recommended option for sending money from Brazil to Spain.

Here are the popular ways to send money from Brazil to Spain:

Bank transfers

Bank transfers are often the best payment method for money transfers from Brazil to Spain.

A money transfer company like Revolut offer bank transfers between Brazil and Spain with lower fees and better exchange rates than you would get from a traditional bank. 


Debit and prepaid cards

Sending money from Brazil to Spain with a debit or a prepaid card is very simple with Revolut.


Revolut is a leader in debit card payments for transfers from Brazil to Spain, competing among a total of 4 active money transfer companies on this route.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

Ensuring you fully understand regulations in Brazil and Spain will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between Brazil and Spain.

Some services between Brazil and Spain have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Spain as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Spain, use Wise. The combination of rates and fees when sending from Brazil to Spain is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Brazil, or entering Spain. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Euro in Spain. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from Brazil to Spain will offer every method for incoming Euro, so it’s best to check ahead of time.

One of the more common ways to transfer from Brazil into Euro is directly into a bank account. Wise is the best company for bank transfers between Brazil and Spain.

And if you need cash right away, check if cash pickup is an option for transfers between Brazil and Spain.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Revolut.

When signing up to and sending Brazilian Real to Spain, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in Brazil this will be a government issued ID such as a passport or driver's license. In Spain it will be similar, although this should only be needed if you are opening a new account in Spain, or collecting in cash. Sending to an existing bank account in Spain shouldn’t require any additional ID checks.

Large transactions between Brazil and Spain, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Wise has scored so highly for transfers to Spain is their easy sign up process in Brazil.

When sending large amounts of money between Brazil and Spain there will potentially be a tax declaration to consider.

Some transfers into Euro may need to be reported to tax authorities in Spain, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Spain based on age, income and a few other elements. When in doubt, please contact a tax professional in Brazil or Spain to discuss your personal circumstances.