Two different profiles
Wise is a global transfer platform that shines across many currencies. Nomad is a Brazilian dollar account with investing and millions of users. Both solve part of the problem, with very different costs.
IOF and FX
Wise applies 3.5% IOF on real-denominated operations (since mid-2025) plus its conversion fee, about 4.2% all-in for BRL to USD. Nomad also charges 3.5% IOF when you fund the account (1.1% only if the money goes to investments) and an FX spread of 1% to 2% that improves only by Nomad Pass tier, with the best rate needing more than 20,000 points (every US$1 or €1 earns 1 point), plus US$10 to send back to Brazil.
The third option: Ruvo
- 0% IOF on every operation.
- 0.5% per conversion (reais to digital dollars, or digital to fiat), so 1% reais all the way to dollars, with no tiers.
- Receiving dollars is free, and you can hold the balance in USDC/USDT.
- Instant Pix and an international card with 0% IOF and 0% spread.
A note on fees
Third-party fees and tiers change often. These numbers reflect public data from mid-2026; verify current values on each provider's official site before deciding.
Ruvo vs Wise vs Nomad
| Criteria | Ruvo | Wise | Nomad |
|---|---|---|---|
| IOF | 0% | 3.5% | 3.5% |
| FX to convert | 0.5% per conversion | 3.5% IOF + fee (~4.2%) | 1%–2% (by tier) |
| Best rate requires | Nothing (from day one) | None | Tier 5 (20k+ points) |
| Per-transfer fee | None | Variable | ~$10 per Wire |
| Hold dollars | Yes (USDC/USDT) | USD balance, no stablecoin | Oriented to reais |
| International card | 0% IOF, 0% spread | Yes (0% spread) | Yes |
Sources
- Decree 12.499/2025, IOF rates (Planalto)
- IOF rate guide for Decree 12.499/2025 (Lefosse)
- IOF on international operations, what changed (CRCSP)
Published on June 29, 2026 · Updated on October 7, 2026
Competitor prices and features may have changed since publication. Spotted something outdated? Write to ajuda@ruvo.com.
This content is for information only and is not financial or tax advice. How we write
