Brazil — SWIFT/BIC Codes & Payment Info

Browse banks, EMIs, PSPs and other organizations in Brazil that hold a SWIFT/BIC code. See correspondent banking data and review the country's payment requirements.

Currency

BRL — Brazilian Real

IBAN

Mandatory (BR2!n8!n5!n10!n1!a1!c)

Payment requirements for Brazil:

Remitter should obtain all required bank information from the beneficiary, including SWIFT BIC, beneficiary’s tax ID, email address, and beneficiary bank address and agency code.
Payment Restrictions: Brazilian banks will convert USD and foreign receipts to local currency for payment to beneficiary. Resident and non-resident transactions involving foreign currency can only be carried out through authorized financial institutions.
Brazilian Boletos Bancário is a form of payment that can’t originate from or settle outside of the country.
Additional documentation may be required from the beneficiary stating the reason for payment.
The beneficiary must complete a request/authorization to allow their bank to exchange the foreign currency to local currency, indicating reason/destination of funds.
The beneficiary must complete and sign a “contracto de cambio” (a contract of trade) within 30 days to identify that the funds are for the beneficiary and why they are receiving the funds.
The beneficiary must present ID and proof of address at the local bank. NGOs need to present current registration documents at their local bank.
Payment Formatting Rules: Include account number, full name (no initials), and address of the ordering customer in SWIFT MT103 F50.
Beneficiary Customer (SWIFT MT103 F59): Include account number (IBAN), full name (no initials), address, tax ID number (11 digit CPF for individuals and 14 digits CNPJ for Corporations/NGO/Orgs), telephone number, and contact name of the beneficiary customer. Use of initials may delay receipt of funds by the beneficiary. IBAN numbers for beneficiaries with accounts in Brazil must be included in the payment instructions. Account # Example: 1234567891A2.
Beneficiary Bank (SWIFT MT103 F57): Include SWIFT BIC with branch identifier, full name, and address of the beneficiary bank. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxBRxx or xxxxBRxxxxx.
Reason for Payment (SWIFT MT103 F70): A clear purpose of payment is mandatory and consists of a full written description of the nature of the payment to be provided in the remittance information (rent, salary, office expenses, etc.). Insufficient purpose of payment may result in errors or delays.
Sender to Receiver Information (SWIFT MT103 F72): To avoid payment delays, the beneficiary’s email address should be included. Please replace ‘@’ with ‘_AT_’ (blank space before and after ‘_AT_’) for smooth processing. Sample Format: /INT/name AT gmail.com.
Payments to beneficiaries who hold an account with Ourinvest Bank, Maxima Bank, Travelex, Topazio Bank, Confidence Bank, and Bex Bank are not supported by some large international banks.
Transaction size limit of payments less than or equal to USD 3,000.00 or a maximum of USD18,000.00 in total per calendar year, per tax ID without requiring the full Cadastro setup. This used to be a lifetime limit but has been changed to a yearly limit. Exceptions to this rule include NGOs, law offices, exporters, tourism offices, loan, and capital injections. These types of beneficiaries will require complete Cadastro for all payments.

SWIFT/BIC code holders in Brazil (221)

Banks, EMIs, PSPs and other organizations with an assigned BIC. Click any entry for SWIFT/BIC details, correspondent banking data and supported currencies.

Brazil — SWIFT/BIC Codes & Payment Info

SWIFT/BIC code holders in Brazil (221)

Track Payments to Brazil