How to send money from Brazil to my Nomad checking account?

It's very simple to fund your Nomad checking account through the app! Just go to  "Add funds" and select "In your checking account".

You will be able to quote the desired value in commercial dollar and after confirming the quote, you will receive instructions to complete the transaction.

You will have to make a TED or PIX from a Brazilian account in your name to an account of Banco Ourinvest, which works with Nomad in carrying out this type of remittance.

The deadline for completion of exchange remittances is up to 1 business day after the identification of your payment. Remittances contracted on weekends and brazilian or american holidays takes up to 2 business days after the identification of your payment.

The minimum amount to carry out this operation is US$100 and the rates are: IOF of 1.1% and spread of 2%.

Attention! Before confirming the quote, you will see the maximum deadline for holding the TED or PIX. If the money is sent outside this period, the exchange operation will not be carried out. Non-payment of reserved remittances can block the request for new ones.

It is also important to remember that, if you have more than 1 active exchange reserve with equal values in your Nomad application, when transferring to the indicated account, the oldest reserve will be prioritized for contracting the values.

To view a video about this process, click here.