Send Money from Germany to Brazil — Fastest & Cheapest Way
Send money from Germany to Brazil in seconds — your recipient can use Pix instantly to pay anyone or any merchant. Save up to 3.5% — Brazil's IOF tax does not apply to Peanut transfers. Deposit via SEPA bank transfer for free (90% arrive in under 20 minutes), or send USDC on any major supported network. Your recipient doesn't need a CPF or Brazilian bank account.
Why Peanut Is the Best Way to Send from Germany to Brazil
IOF Savings — Save Up to 3.5%
Moving money into or out of Brazil triggers the Tax on Financial Operations (IOF) — 0.38% on inbound transfers and up to 3.5% on most outbound transfers. Digital dollar transactions are not covered by IOF legislation. Peanut converts digital dollars to Brazilian reais directly, so IOF does not apply. This means you save up to 3.5% compared to traditional bank transfers and credit cards.
No Fees
SEPA deposits from German bank accounts are free and arrive in under 20 minutes for 90% of users. Sending is free. Your recipient pays nothing to receive or use Pix. Unlike Wise (0.4-1.5% in fees) or PayPal (3-4% cross-border fee), Peanut charges $0.
Instant Pix Payments
Send from Germany — your recipient in Brazil can use Pix immediately to pay merchants, friends, or bills. Pix is Brazil's instant payment system with over 150 million users. It works 24/7/365 and confirms in seconds.
No Local Account Needed
Your recipient doesn't need a CPF (Brazilian tax ID) or local bank account. Just verify with your German passport or Personalausweis in under 2 minutes.
Best Way to Deposit from Germany
The easiest way to fund your Peanut account from Germany is via SEPA bank transfer — it's free and arrives in under 20 minutes for 90% of users. Simply initiate a SEPA transfer from your German bank using the account details Peanut provides. Make sure to include the reference number so we can match the deposit to your account.
You can also deposit USDC, USDT, or DAI on any supported network (Polygon, Arbitrum, Solana, Tron, Base). All deposit methods are free from Peanut's side.
You'll need to verify your account with your passport or Personalausweis — it takes under 2 minutes for 90% of users.
See how SEPA deposits work with Peanut
How It Works
- Sign up and get verified — Passport or Personalausweis verification takes under 2 minutes for 90% of users
- Deposit via SEPA or supported network — SEPA (under 20 min for 90%) or USDC on Polygon, Arbitrum, Solana, Tron, or Base (minutes)
- Recipient gets money instantly — Funds arrive in their Peanut account in milliseconds
- Recipient uses Pix locally — Pay merchants via QR, send to friends, pay bills — all instant
Where the Money Goes
Your recipient in Brazil can use Pix for virtually everything:
Pix Merchant Payments
Scan Pix QR codes at restaurants, supermarkets, gas stations, online stores, ride-hailing (Uber, 99), hotels, and street vendors. Pix has over 150 million users in Brazil and is accepted almost everywhere. Your recipient scans the QR with the Peanut app, reviews the amount in BRL, and confirms — payment arrives instantly.
No CPF required. No Brazilian bank account needed. Just scan and pay.
See how Pix payments work with Peanut
Pix Transfers to People
Send money to anyone in Brazil instantly using Pix. Your recipient can create a Peanut Link and share it — the other person claims it and withdraws to their Pix account in seconds.
Bank Withdrawal
If your recipient has a Brazilian bank account, they can withdraw funds directly via bank transfer.
How Much Does It Cost?
Cost breakdown:
- Deposit fee (SEPA from Germany): Free
- Peanut fee: None — the rate you see is the rate you get
- Pix payments: Free
- Total: $0 in fees
Competitive comparison (sending €500 from Germany to Brazil):
| Provider | IOF Tax | Fees | Recipient Gets | You Save with Peanut |
|---|---|---|---|---|
| Peanut | €0 (not subject) | €0 | Full amount in BRL | — |
| Traditional bank | ~€17.50 (3.5% IOF) | €15-35 | Reduced amount | ~€32.50 |
| Wise | ~€1.90 (0.38% IOF inbound) | 0.4-1.5% (~€2-8) | Reduced amount | ~€4-10 |
| Credit card | ~€17.50 (3.5% IOF) | 3-5% (~€15-25) | Reduced amount | ~€32.50 |
IOF rates and provider fees are approximate. Actual amounts vary by transfer type and provider.
Common Use Cases: Germany to Brazil
Tourists
Visiting Brazil from Germany? Pay at any restaurant, shop, or market with Pix — no CPF required. You'll save on IOF taxes and get instant confirmations. Verify with your German passport in under 2 minutes and start paying like a local from day one.
Germany is among the fastest-growing European source markets for Brazil. With Peanut, you can enjoy Rio, São Paulo, or the northeast coast without losing money to IOF charges or poor card rates.
FAQ
How much does it cost to send money from Germany to Brazil with Peanut?
Peanut charges no fees. SEPA deposits are free, sending is free, and your recipient pays nothing to use Pix. You also save on Brazil's IOF tax (up to 3.5% on traditional transfers), saving significantly compared to banks and cards.
How long does it take?
Deposits from Germany via SEPA take under 20 minutes for 90% of users. Once in your Peanut account, sending to Brazil is instant — your recipient can use Pix immediately. Peanut-to-Peanut transfers are always instant (milliseconds).
Does my recipient need a CPF or bank account?
No. Your recipient doesn't need a Brazilian CPF (tax ID) or local bank account. They just need to verify with any passport or national ID. This is perfect for tourists or anyone who doesn't have Brazilian residency.
How do I deposit from Germany?
The easiest way is via SEPA bank transfer. Open the Peanut app, tap "Deposit," select "SEPA," and copy the bank details provided (IBAN and reference number). Go to your German banking app, create a SEPA transfer with those details, and include the reference number. 90% of deposits arrive in under 20 minutes.
You can also deposit USDC, USDT, or DAI on any supported network (Polygon, Arbitrum, Solana, Tron, Base) — deposits arrive in minutes.
How long does SEPA take from Germany?
Under 20 minutes for 90% of users. If your German bank supports SEPA Instant Credit Transfers (as required by EU regulations since January 2025), deposits arrive even faster — often within seconds.
What is IOF and why does it not apply to Peanut?
IOF (Tax on Financial Operations) is a Brazilian tax on cross-border money transfers — 0.38% on inbound and up to 3.5% on outbound. Traditional bank transfers and cards are subject to IOF. Digital dollar transactions are not covered by IOF legislation, so IOF does not apply to Peanut's digital dollar to BRL conversion.
Is Peanut cheaper than Wise for Germany to Brazil?
Yes. Wise is still subject to IOF on inbound transfers (0.38%) and charges additional fees. IOF does not apply to Peanut and there are no fees. On a €500 transfer, you save the IOF amount plus Wise's fees.
Can I send to someone who doesn't have Peanut?
Yes. You can create a Peanut Link and share it with anyone. They claim the funds instantly and can withdraw to their Pix account or Brazilian bank — even if they don't have a Peanut account yet.
Related Pages
- Send Money to Brazil
- Brazil Country Hub
- Germany Country Hub
- Use Pix
- Deposit via SEPA
- Peanut vs Wise
- Pricing
Disclaimer
The information on this page is for general informational purposes only and does not constitute tax, legal, or financial advice. Tax treatment of digital asset transactions varies by jurisdiction and may change. Consult a qualified professional for advice specific to your situation.
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