How do I exchange to add funds to my Nomad checking account?

It is so easy to add funds to your Nomad checking account in the app!

First add balance in reais:

Go to "Add Funds" > "Balance to convert: Add". 

You will have access to the account data to do a TED or Pix from a brazilian account in your name to the account of Banco Ourinvest, Nomad's partner in this kind of transaction. 

Remember that TED operations work only on business days and up to 5 pm according to the official time in Brasília. Pix transactions do not have this limitation and the amount is automatically transferred at any time.

After that, convert your balance in reais to dollars:

With the values ​​in reais in your account, go to "Simulate and convert to dollars" > "To your checking account" to see the commercial dollar quote.

After you confirm the operation, the dollars will be available in your checking account in up to 1 business day. The deadline can be impacted by weekends and holidays, and it can take up to 2 business days to complete.

The minimum amount to do this transaction is R$500 (five hundred reais) and the fees are: IOF of 1.1% and spread of up to 2%.