We use stablecoins (USDT) instead of traditional SWIFT. Since it is not an international bank transfer, the 1.1% IOF does not apply. Single fee of 0.5% for individuals or 0.3% for businesses.
Free USD depositsFree crypto transfersConvert BRL → USDT
Banks Charge IOF. Ruvo: 0%
With Ruvo, your days of losing money to IOF are over — international account, zero IOF.
Backed by leading global investors
Ruvo has no IOF
International bank transfers cost 4-8% in fees + 1.1% IOF and take up to 5 days to settle. Wise charges up to 1% + IOF. Nomad charges up to 2% + IOF. Ruvo eliminates IOF using stablecoins and offers a transparent fixed fee.
Comparison table
Name
Itaú
Wise
Nomad
RuvoIOF
1.1%-3.5%
1.1%-3.5%
1.1%-3.5%
No
Fee
High
1-3%
1-2%
0.5% PF | 0.3% PJ
Time
Days
Days
Days
Minutes
How it works:
1
Deposit via Pix
Transfer BRL from your bank account via Pix to your Ruvo wallet.
2
Convert to USDT
Your BRL becomes digital dollars (USDT) with a transparent 0.5% fee.
3
Send globally
Transfer USDT to any account worldwide in minutes, no IOF.
4
Send and receive USD
Send and receive USD via ACH or wire transfer
Backed by Y Combinator and Coinbase Ventures. $4.6M raised. More than 10,000 Brazilians already save on IOF with Ruvo.
Learn more about IOF and Ruvo
Yes. Ruvo is backed by Y Combinator and regulated partners. Your funds are held in non-custodial wallets, meaning only you control your assets.
Yes. You can use the Ruvo card internationally wherever Visa is accepted, with direct debit from your USD balance.
Wise Charges up to 1% + IOF. Ruvo: Always 0% IOF
Wise uses SWIFT with mandatory IOF. Ruvo uses stablecoins: 0% IOF + Visa card + instant settlement.
PayPal Fee 3.5%-5%. Ruvo: 0.5% Fixed
With PayPal you can only receive, and at high fees. Ruvo is a full USD account: receive + Visa card + Pix + 0% IOF.
Nomad Charges IOF. Ruvo: Zero IOF
Nomad uses SWIFT with 1.1% IOF. Ruvo uses stablecoins: no IOF + single fee + USD card.
BTG Charges IOF + Spread. Ruvo: Single Fee
Traditional banks charge 1.1% IOF + high spread. Ruvo: 0% IOF + transparent 0.5% fee.
Inter Has No USD Account. Ruvo Does
Inter only converts to BRL with IOF. Ruvo: the first real USD account in Brazil with 0% IOF.
How to Receive USD in Brazil Without IOF
Brazil's first dollar account. Single fee 0.5% individual / 0.3% business. Visa card + Pix + stablecoins in one account.
