Dollar account or transfer: the short version
If you move money in or out of Brazil more than once a year, a dollar account usually beats one-off transfers: you receive and hold dollars and only convert when you need to.
With Ruvo, receiving dollars is free, converting to reais costs 0.3% for businesses and 0.9% for individuals, and there's no IOF.
The difference in one line
A one-off transfer converts every time, at that day's rate. A dollar account lets your money sit in dollars, so you decide when, how much and whether to convert. To get paid by US clients, you use US bank details.
One-off transfer or dollar account
| One-off transfer | Ruvo dollar account | |
|---|---|---|
| Conversion | Every time you send | Only when you choose |
| IOF | Depends on the operation | 0% |
| Hold dollars | No | Yes, earning up to 4.3% a year. Earnings are variable and not guaranteed. |
| Spend abroad | Needs a separate card | Card: no fee in USD, 1% in other currencies |
| Best for | A single payment | Anyone who gets paid, pays or travels often |
When a one-off transfer is enough
For a single payment, like a tuition deposit or a gift to family, a one-off transfer can be fine. Still, compare the full cost: fee, rate and IOF. The Central Bank's guide in the sources below breaks it down (in Portuguese).
Ruvo fees
| Personal | Business | |
|---|---|---|
| BRL to USD | 0.5% | 0.5% |
| USD to BRL by Pix | 0.9% | 0.3% |
| Receive by ACH or wire | 0% | 0% |
| Send by ACH, from your dollar balance | 0.5% | 0.5% |
| Send by wire or RTP, from your dollar balance | 0.5% + US$ 15 | 0.5% + US$ 15 |
| IOF | 0% | 0% |
Sources
Updated on November 9, 2026
This content is for information only and is not financial or tax advice. How we write
