Are you planning a trip to Brazil or already there and wondering how to use your Wise card? You've come to the right place! This guide will walk you through everything you need to know about using your Wise card (formerly TransferWise) in Brazil, from its benefits to potential limitations and how to make the most of it. So, let's dive in and make your financial transactions in Brazil smooth and hassle-free!

What is Wise and Why Use It in Brazil?

First off, let's understand what Wise is. Wise is a financial technology company that offers multi-currency accounts and international money transfers. It’s designed to make sending, spending, and receiving money across borders cheaper and easier. For travelers and expats in Brazil, this can be a game-changer.

Benefits of Using Wise in Brazil

• Cost-Effective Transactions: Traditional banks often charge high fees for international transactions, including hefty exchange rate markups. Wise, on the other hand, typically offers exchange rates closer to the mid-market rate (the one you see on Google) and transparent, low fees. This can save you a significant amount of money, especially if you're making frequent transactions or dealing with larger sums.
• Multi-Currency Account: With Wise, you can hold and manage money in multiple currencies, including Brazilian Real (BRL). This means you can convert your home currency to BRL when the exchange rate is favorable and spend it later without incurring additional conversion fees. This is particularly useful if you're planning an extended stay in Brazil and want to take advantage of currency fluctuations.
• Convenience: The Wise card is a debit card linked to your Wise account, allowing you to spend money anywhere that accepts Mastercard or Visa. This is incredibly convenient for everyday purchases, dining out, and shopping in Brazil. Plus, you can easily track your spending and manage your account through the Wise app.
• Easy Money Transfers: If you need to send money to someone in Brazil or receive money from abroad, Wise makes the process straightforward and fast. You can initiate transfers online or through the app, and the recipient can receive the money directly into their bank account. This is especially useful for expats who need to manage their finances across borders.
• Security: Wise employs robust security measures to protect your money and personal information. This includes encryption, two-factor authentication, and fraud monitoring. You can also freeze your card instantly through the app if it's lost or stolen, giving you peace of mind.

How to Get Started with Wise

Getting started with Wise is a simple process. Here’s a step-by-step guide to get you up and running:

1. Sign Up for a Wise Account: The first step is to create a Wise account. You can do this by visiting the Wise website or downloading the Wise app on your smartphone (available for both iOS and Android). You’ll need to provide some basic personal information, such as your name, address, and date of birth.
2. Verify Your Identity: To comply with regulatory requirements, Wise requires you to verify your identity. This typically involves uploading a copy of your passport, driver's license, or national ID card, as well as proof of address, such as a utility bill or bank statement. The verification process usually takes a few business days.
3. Order Your Wise Card: Once your account is verified, you can order your Wise card. In some regions, there might be a small fee for the card. The card will be mailed to your address, and you should receive it within a few weeks.
4. Activate Your Card: When you receive your Wise card, you’ll need to activate it. You can do this through the Wise app or website. Follow the instructions provided to link the card to your Wise account.
5. Add Funds to Your Account: Before you can start using your Wise card in Brazil, you’ll need to add funds to your account. You can do this by transferring money from your bank account, using a credit or debit card, or through other payment methods supported by Wise. Make sure you have enough BRL in your account to cover your expenses in Brazil.

Using Your Wise Card in Brazil: Step-by-Step

Now that you have your Wise card and your account is funded, let's look at how to use it in Brazil.

At ATMs

• Finding an ATM: ATMs are widely available in Brazilian cities and tourist areas. Look for ATMs from major banks like Banco do Brasil, Itaú, and Bradesco. You can also find ATMs in shopping malls, airports, and convenience stores.
• Withdrawing Cash: Insert your Wise card into the ATM and enter your PIN. Select the option to withdraw cash and choose the amount you want to withdraw in Brazilian Real (BRL). Be aware of potential ATM fees, which can vary depending on the bank and the amount you withdraw. Wise also has its own limits on free ATM withdrawals, so check the Wise website or app for the most up-to-date information.
• ATM Fees: ATM fees in Brazil can be relatively high, so it's a good idea to withdraw larger amounts of cash less frequently to minimize these fees. Some ATMs may also offer you the option to convert the currency at the ATM's exchange rate. It's generally better to decline this option and let Wise handle the conversion, as Wise typically offers a better exchange rate.

For Purchases

• Paying at Point of Sale (POS) Terminals: Most businesses in Brazil, including restaurants, shops, and hotels, accept card payments. Simply present your Wise card to the cashier, and they will swipe or insert it into the POS terminal. You may be asked to enter your PIN or sign the receipt to authorize the transaction.
• Contactless Payments: Contactless payments are becoming increasingly common in Brazil. If the POS terminal has a contactless symbol, you can simply tap your Wise card on the terminal to make a payment. This is a convenient and secure way to pay for small purchases.
• Online Purchases: You can also use your Wise card for online purchases from Brazilian websites. Enter your card details (card number, expiry date, and CVV code) at the checkout page. Make sure the website is secure (look for the padlock icon in the address bar) before entering your card information.

Tips for Using Your Wise Card in Brazil

To make the most of your Wise card in Brazil, here are some useful tips:

• Inform Wise of Your Travel Plans: Although not always necessary, it’s a good idea to inform Wise of your travel plans. This can help prevent your card from being blocked due to suspicious activity. You can do this through the Wise app or website.
• Monitor Your Transactions: Keep an eye on your transactions through the Wise app or website. This will help you detect any unauthorized transactions and ensure that your account balance is accurate.
• Be Aware of Local Customs: In Brazil, it's common to add a tip (usually 10%) to your bill at restaurants. While you can pay the tip with your Wise card, some smaller establishments may prefer cash.
• Keep Some Cash Handy: While card payments are widely accepted in Brazil, it's always a good idea to keep some cash handy, especially when visiting smaller towns or markets. Some vendors may not accept card payments, or their POS terminals may be temporarily out of service.
• Learn Basic Portuguese Phrases: Knowing some basic Portuguese phrases can be helpful when using your Wise card in Brazil. For example, you can say