Good morning everyone,
This is Artem here. I recently moved to Vitoria, ES and am currently working here in Brazil.
I wanted to know if any of you use the local Banking establishments here(Itau, Bradesco, Santander etc.) for receiving remittances from abroad.
I have been using ITAU for the last few months and have been losing out on a substantial amount of money in the form of Taxes, reduced conversion rate(USD to BRL) etc.
Can you folks please advise, if there is any other way around? I agree one can always go to the ATM's and withdraw money to use, or withdraw money and then deposit it in your bank accounts, but what about larger amounts of money?
Cheers,
Artem