Many Brazilian banks have ATMs enabling you to withdraw foreign currency during your stay in Brazil. If you have a Brazilian bank account, you are advised to compare commission rates for money transfers to and from Brazil as these will vary.
In most Brazilian banks you will find some English speaking employees, particularly in the foreign exchange section of the bank.
Although Brazil is predominantly a cash economy, the use of debit and credit cards is on the increase. The development of consumer services such as debit and credit cards is an ongoing procedure, while today personal cheques are almost unknown as a method of payment for locals.
Cheques and credit cards are mainly used by foreigners. Debit card payments are commonly accepted in hotels, many retail chains and fuel stations.
The Association of Commerce Banks (ACB) is a body which represents all recognized financial institutions in Brazil and as such acts as a bond of reputability.
Get the latest property and investment opportunities direct to your inbox free of charge
Brazil's Real Estate Continues to Attract Foreign Investment
The Most Attractive Market for Property Investors
Brazil Continues Its Expansion Ahead of 2014 World Cup
Brazil Property Facing Up to Potential Bubble
Brazilian Property Market to Hold Strong in 2014
Investors show appetite for South American property
All property news from Brazil
Subscribe to our RSS Feed