Send Money from Canada to Banco Votorantim in Brazil

Banco Votorantim, Brazil

Banco Votorantim is one of Brazil's major financial companies, employing around 3,800 people. Wholesale banking, investments, consumer finance, treasury, and wealth management are its primary activities. Wholesale banking covers investment banking, brokerage, and services for businesses with more than $50 million in sales. Votorantim is a prominent participant in consumer finance, with an emphasis on vehicle lending. BV Financeira (one of the biggest car finance companies), BV Leasing, Votorantim Asset Management, Votorantim CTVM (brokerage firm), Votorantim Corretora de Seguros SA, Votorantim Securities (UK) Ltd, Banco Votorantim Securities, Inc, and Promotiva SA are among the bank's key divisions. It also has offices in Nassau (Bahamas), New York, and London. The firm was founded in 1988 as a securities dealer and began operations as a multiple bank in 1991. The bank is owned by the Votorantim Group and the Banco do Brasil. Banco do Brasil bought 50% of Banco Votorantim's entire capital in 2009. The company's total assets were BRL 104.2 billion (US$33 billion) as of March 31, 2017, and its entire loan portfolio was BRL 46.9 billion (US$15 billion).

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How to Send Money to Banco Votorantim in Brazil

Remitbee facilitates money transfers to Banco Votorantim accounts in Brazil. All that is required is the completion of six easy steps.

  • Visit get started, go to the Remitbee website or download the Remitbee app. After completing the short and free registration process, you will be able to obtain a private Remitbee wallet and create a protected account.

  • You will be asked for your name, address, and job title when you create an account. You must first verify your email address and phone number before you can complete your registration.

  • Select a transfer mode. It is essential to have the beneficiary's bank account information on hand, including the bank's name and account number. Cash pick-up is also an option if it is available.

  • Once you've decided on a transfer amount, a payment method, and the exchange rate works for you, finish the transaction. While currency rates fluctuate on a daily basis, transfer costs do not.

  • You have finished your task. With the Remitbee App, you can keep track of your money transfer to Brazil.

  • You're on your way to becoming a hero! You may feel that your aid in Brazil benefited your family. In order to provide exceptional service, we collaborate with our clients to create a product that far exceeds their expectations.

What are the benefits of sending directly to Banco Votorantim?

Here are just a handful of the many advantages of using Remitbee to send money to Banco Votorantim.

  • It's an entirely online experience! There's no need to leave the house or go to the bank.

  • Secure account-to-account transfers are free for transfers of $500 or more!

  • Money is received in days!

What is the information you need to complete the transfer?

Here is the information you'll need to finish the transfer with Remitbee.

  • Recipient's Name - If the name is misspelled, you are more likely to suffer delays, so make sure it is spelled correctly.

  • Address - Your branch's address is essential to ensure that payments are delivered appropriately.

  • SWIFT Code – Enter BAVOBRSPXXX as the SWIFT/BIC code for Banco Votorantim.

  • Account Number – This guarantees that the funds are received in the appropriate recipient's account.

How Remitbee calculates the CAD to BRL exchange rate

We keep our expenditures to a minimum and are constantly on the lookout for the best Brazilian real conversion rates for you. There are costs when paying for a transfer using a bill payment, debit card, or Interac money transfer. But, you may send money for free with the Remitbee Wallet. The cost of sending money to Brazil via our app or website will always be mentioned upfront.

Send money to all major Banks in Brazil

How international money transfers work

Before the transfer is approved, instructions are transmitted from the sender's bank to the recipient's bank, and any fees are charged. One of the banks will determine the CAD to the BRL exchange rate, and money will be sent between accounts through the SWIFT Network.

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Frequently Asked Questions

Yes, you very certainly can.

We offer many different payment options such as Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.

Only direct bank account transfers are available for transfers to the Brazil.

When you validate your account, you may send up to $9,000 CAD per day and $50,000 CAD per month.

Any transfer of 500 CAD or more is entirely free. The transaction fees for sending less than $500 CAD are mentioned below:

  • Interac Online - $2.99

  • E-transfer – Free

  • Bill Payment – Free

  • Electronic funds Transfer - Free

  • Visa or Mastercard Debit - $2.99+

The CAD to BRL exchange rate is currently 1 CAD for {{}} BRL. This changes daily.

The maximum amount of BRL you may send is determined on your account verification level.

On Level 1, you can transfer up to 300 CAD per day and 600 CAD per month without presenting proof for verification.

You can transfer a total of 25,000 Canadian dollars per month and 3,000 Canadian dollars per day with Verification Level 2. We suggest this level of authentication for the vast majority of users.

Customers transferring large quantities of money should select Level 3 Verification. Daily transactions of up to 9,000 Canadian dollars are permitted, as are monthly transfers of up to $50,000 CAD.

Our present efforts are focused on developing Verification Level 4, which will allow users to transmit even more money.

It's critical to remember that verification is a one-time event. After your identity has been validated, you are not needed to submit any more documents.

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