Opening a Brazilian bank account as a foreigner might seem complicated, but it’s absolutely possible — even without permanent residency. In this guide, you’ll learn how to open a bank account in Brazil step by step, the documents required, the types of accounts available, and alternatives like Wise and PIX for digital banking.
NOTE: If the following Guide doest not work for you, check our second method: How to Pay With PIX as a Foreigner.
Why Open a Bank Account in Brazil?
If you plan to live, work, study, invest, or even stay in Brazil for an extended time, a local bank account will make your life easier. You’ll be able to:
- Receive salary or income in Brazil
- Use PIX, the instant payment system
- Pay bills (boletos), rent, utilities
- Send and receive money locally
- Make purchases online or in stores
Note: You will need a valid CPF (Brazilian tax ID) to open a bank account.
Where Can You Open a Brazilian Bank Account?
There are two main options:
1. Traditional Banks
- Banco do Brasil
- Bradesco
- Itaú
- Santander
These usually require in-person appointments, proof of residence in Brazil, and immigration documents (like a visa or CRNM).
2. International-Friendly Banks (Recommended)
- Banco Rendimento – Conta CDE: Allows foreigners to open a digital account from abroad.
- Wise (formerly TransferWise): Supports BRL and PIX payments.
Required Documents to Open a Bank Account in Brazil
Whether online or in-person, you’ll typically need:
- ✅ Passport
- ✅ CPF number (you can apply from abroad)
- ✅ Proof of address (utility bill or rental contract)
- ✅ Selfie with document (for online banks)
- ✅ Income statement (optional, for higher limits)
Online banks like Banco Rendimento may request you to fill a full application form and upload all documents digitally.
Opening a CDE Account with Banco Rendimento (Step-by-Step)
Step 1: Fill out the online form
Visit the official Banco Rendimento website and look for “Abrir Conta CDE”.
Step 2: Check your email
You’ll receive an email with a secure link. Make sure the sender is from: naoresponda@rendimento.com.br or cadastrodigital@rendimento.com.br.
Step 3: Upload the required documents
- Passport
- CPF
- Proof of address
- Selfie
- Income info (optional)
Step 4: Sign the contract
Electronically sign the agreement sent via email. Wait for the confirmation.
Step 5: Account activation
Your account will be activated within 3–5 business days.
Basic vs Premium Plan – What to Know
Banco Rendimento offers two plans:
- Basic: Fixed fee per transaction, good for large transfers.
- Premium: Higher limits, fewer fees, better for regular use.
For casual use or single investments, Basic may be enough. If you’re planning to live or work in Brazil, Premium is worth considering.
PIX & Payment Limits in Brazil
PIX daily limit: Default is R$50,000 but needs manual increase in the app.
Time-based limit: Separate limits for day and night (Brasília time). Adjust both in the app.
Annual transfer limit: Payments over R$100,000 may trigger a review. Keep proof of funds ready.
Frequently Asked Questions (FAQ)
Can I open a Brazilian bank account without living in Brazil?
Yes. With a CDE (Conta Domiciliado no Exterior) account at Banco Rendimento or digital platforms like Wise, it’s possible.
Do I need a CPF?
Yes, the CPF is required. Learn how to get it in our CPF guide.
Can I use PIX as a foreigner?
Yes. Once you have a CPF and a Brazilian account, you can use PIX for instant transfers.
What if I receive more than R$100,000?
You may be asked to prove the source of funds to comply with Brazilian anti-money laundering laws.
Final Tips
- Use a bank with English-language support
- Never share sensitive info via unofficial emails
- Use PIX for fast, free payments in Brazil
- Save all receipts and transaction confirmations
Opening a bank account in Brazil as a foreigner is easier than ever — as long as you have the right documents and follow the correct steps.
For more help, read our full guide on how to use PIX as a foreigner in Brazil.
