Providing financial help for relatives in need can be very rewarding. If your relatives live in Brazil, offering monetary help can be a little more challenging. If you want to send money to a loved one living outside of the United States, it's important that you take the necessary precautions to ensure the money arrives safely.
Here are three safe ways to send money to your loved ones living in Brazil.
1. Cash-To-Cash Transfer
If your loved one needs cash in order to pay for an unexpected bill, then using a walk-in money transfer company could be the safest way to ensure the cash arrives safely.
The process of using a walk-in money transfer company is simple. You provide cash to a representative at one of the branches near your residence, and you also provide information about your loved one that ensures they will be the only one able to collect the cash upon arrival. The money transfer company converts your currency to Brazilian reals, which can be collected by your loved one at a corresponding branch near their residence in Brazil.
2. Direct Transfer from Your Bank Account
Transferring money from your own bank account directly into the bank account of your loved one can be a simple way to eliminate the middleman when it comes to sending money to Brazil.
In order to complete a direct transfer from your bank account, you will need the International Bank Account Number (IBAN) and Bank Identifier Code (BIC) for both your own bank and the bank where you will be transferring funds. The process can take some time to complete, so this method is best when your loved one doesn't need immediate access to funds.
3. Prepaid Debit Cards
Having the option of storing money on a prepaid debit card can be convenient if your loved one is hesitant to carry cash in Brazil. Since prepaid debit cards are available for purchase at most grocery or convenience stores, your loved one will easily be able to purchase the card in Brazil.
Once the card has been purchased, your loved one can provide you with the manufacturer's instructions for funding the card. A prepaid debit card can be refunded as many times as necessary, making it a great option if you plan to send regular payments to your loved one.
Being able to provide financial assistance to a loved one living in Brazil might seem challenging. With walk-in money transfer companies, account-to-account transfers, and prepaid debit cards, you can safely and easily send money to Brazil in the future. Look for websites like sharemoney.com for further options.