How to open a Bank Account in Brazil

06/10/2021
How to open a Bank Account in Brazil

Brazil is famous for its cultural diversity, vast nature and of course for its wonderful beaches. In addition to the developing economy and growth opportunities, the country has become increasingly attractive to students, investors, entrepreneurs, and adventure lovers. 

Did you know that you can maintain relations with Brazil, even if you have never lived in the country? Foreigners are entitled to open a bank account and perform financial transactions in Brazil. To help you on this journey, Banco Rendimento will support you step by step. 

This post contains a list of tips to help you open your non-resident bank account in Brazil! 

  1. What type of account is available to non-residents?

The account modality that has been approved by the Brazilian regulatory bodies is called: Account for Persons Domiciled Abroad (CDE). Only clients who are not fiscal residents in Brazil may open such a checking account.

  1. What documents are needed to open an account?

Foreigners are required to provide the following documents:

  • CPF number [Brazilian Individual Taxpayer Identification Number] 
  • Valid passport
  • Proof of Residence of your country of residence
  • Income Tax Return of your country of residence
  • NIF number 
  1. What are the benefits of Banco Rendimento’s CDE?

Branco Rendimento’s CDE is a 100% online checking account that allows you to:

  • Make payments and transfers
  • Check your balance and statement via Internet Banking
  • Send and receive international transfers in USD, Euro, and other currencies.
  • Invest in Certificates of Deposit (CDs).
  • Exchange money online using our Exchange Portal. 

Please visit: www.cambioerendimento.com.br

Your account will be opened digitally and should be ready within 48 business hours. Our team of experts is at your disposal to meet all your needs!

  1. Can I receive funds from my account abroad?

Yes, you can! As stated in question 3, your Banco Rendimento CDE grants you access to our Exchange Portal that allows you to send and receive funds to and from abroad. 

* Forex operations are subject to documentary analysis.

  1. How do I open a Banco Rendimento account?

To open an account, just fill out the form below! After a click on the “Send” button, you will receive an invitation per e-mail to proceed with the opening of your account. Click on the link provided by e-mail, complete the registration steps, and sign your account application 100% online!

Nice to meet you, we are Banco Rendimento.

There are dabblers and experts in every area of life. It’s no different with foreign exchange for international transactions.

Banco Rendimento is the largest foreign exchange expert in Brazil and one of the best banks in the middle market sector according to Finanças Mais by the O Estado de S. Paulo newspaper.

On the market since 1992, we have joined the digital revolution to stay ahead of the curve. 

We keep a close relationship with our clients, offering them exclusive service, agility, and the best banking solutions.

  • More than 28 years of experience
  • Specialized and customized advisory services
  • International transactions within 24h¹
  • Lowest fees on the market

¹Timeframe depends on factors such as forex closing time, funds available for debiting amounts, country of origin/destination, among others.

Contact our experts.

For more informations: https://www.rendimento.com.br/conta-corrente-no-brasil-para-residentes-no-exterior/