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Banking in Brazil

The Brazilian banking system offers a substantial range of services for both private individuals and companies. Banking rules are strictly enforced, and all banking business is closely monitored by the banks themselves and by the  Central Bank of Brazil (Banco Central do Brasil).

In addition to the extensive branch network of the major retail banks, many of which have self-service ATM halls, most services available at the bank itself are also available via Internet banking.

Brazilian banks offer current accounts, savings and investment accounts, credit and debit card services, personal loans and overdrafts, and, in some cases, foreign exchange services. Local banks will also set up standing orders, and accept payment of utility bills and local, state and federal taxes. They also accept installment payment books (carnê). Installment books are issued in stores if a person doesn't have a credit card and wishes to pay in several installments. The installments are payable either in the store itself or through the banking system.

Main Brazilian Banks

Private banks:

The two largest state-owned banks are:

The Central Bank of Brazil:

Related Information

  • Information from the Brazil Ministry of Finance on the CPF: Click here
  • Information from the Banco Central do Brasil on Brazilian banknotes and coins: Click here