Send Money from Canada to Bndes in Brazil

Bndes, Brazil

Bndes also known as Brazilian Development Bank is the main development financier in Brazil. Since its inception in 1952, the BNDES has helped to expand the country's industries and infrastructure. The Bank's operations have evolved to meet the changing needs of Brazil's society, and today encompass export assistance, technical innovation, sustainable social and environmental development, and public administration modernisation. The Bank provides financial support to Brazilian businesses of all sizes and public institutions, enabling investments in all economic areas. From the analytical phase to the monitoring phase, the BNDES emphasizes three strategic factors: innovation, local development, and socio-environmental development.

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How to Send Money to Bndes in Brazil

Remitbee helps users transfer money to BNDES accounts in Brazil in an uncomplicated manner. All that is necessary is the application of six basic actions.

  • Visit the Remitbee website or app to sign up for an account. You will be able to get a private Remitbee wallet and open a secure account after completing the simple and free registration process.

  • Your name, address, and job title will be requested while creating an account. In order for your email address and phone number to be registered, you must first verify them.

  • Select a transfer mode. Information on the beneficiary's bank account, including the name and account number of the bank, is required. If this option is available, you may also opt for cash pick-up.

  • Make sure you know the current exchange rate being offered. When you have selected a transfer amount, a payment method, and the exchange rate favors you, conclude the transaction. The currency's value fluctuates, but fees associated with the transfer does not alter.

  • You’re all done. Keep track of your money transfer to Brazil through the Remitbee App.

  • It really does look like you've saved the day! You might assume that your family has benefited from your aid in Brazil. In order to provide great service, we work together with our customers to create a product that far exceeds their expectations.

What are the benefits of sending directly to Bndes?

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

  • 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?

To complete the Remitbee transfer, you will need the following information.

  • Recipient’s name - An incorrect name increases the chance of delays so make sure it is spelled correctly

  • Address - Your branch's address is required to ensure that the money is correctly delivered.

  • SWIFT Code – Enter NACDBRRJXXX as the SWIFT/BIC code for BNDES.

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

How Remitbee calculates the CAD to BRL exchange rate

Our charges are kept cheap and we are constantly searching for the lowest conversion rates in Brazilian real for you. Paying for the transfer with bill payment, debit card, and Interac money transfers all come with accompanying fees. With the Remitbee Wallet, you may send money for free. You will always know in advance how much it will cost to send money to Brazil using our app or website.

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

You absolutely 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.

You are free to send up to $9,000 CAD daily and $50,000 CAD monthly when you verify your account.

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.

Your maximum transfer amount of BRL will depend on your account verification level.

You can send up to 300 CAD in daily transactions and 600 CAD in monthly transfers without having to submit documents for verification.

Verification Level 2 allows you to send a maximum of 25,000 Canadian dollars per month and 3,000 Canadian dollars per day. For the great majority of users, we recommend verification at this level.

Customers who are transferring big sums of money should choose Verification Level 3. You can transfer up to 9,000 Canadian dollars every day and with monthly transfers of $50,000 CAD.

We are now working hard to provide Verification Level 4 to allow users to send even more money.

Verification is a one-time process. Once you’re done, you will not be required to submit any more documents for verification.

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