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What are the Bank Deposit requirements in Brazil?

Bank Deposits are available to all major and most regional banks in Brazil. Funds can be deposited in Brazilian Reais (R$) and take an average of 1-2 business days to be deposited to your beneficiary's account.

Bank Deposit Requirements
In order for your bank deposit to be processed in a timely manner, please make sure you provide all information needed for the transfer:

  • Bank Name. You can choose from more than 20 different banks available for Brazil. View  Xoom Money Transfer Locations for complete list of banks.
  • Branch Number
  • Account Type (Checking or Savings)
  • Account Number
  • The entire name  of your recipient as it appears on the recipient's Bank Account (include the maternal and paternal name accordingly)
  • The correct Recipient's CPF Number (11 digits)
  • Complete address, including the City and the State
  • A valid phone number (city code+ domestic number)

Please do not use any dashes or special characters while filling out this information.

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