Sent cash to brazil and bank keeping 10%!! (São Paulo)
I converted a large amount of dollars into realis with Western Union in November and sent that money as REAIS, so I wasn't going to get a bank rate, but sent reais as a way of getting a definate rate at the time of sending.
The bank asked for a bunch of doc.s (anti laundering) and all was signed off and complete (took a month).
Now they want to convert that money to US$ and then back in reais, converting with 1.96 then back with 1.78.
I will lose almost a lot of reais in this double transaction pointlessly converting reais to US$ then back to R$, this equates to me losing about 10% of the money in this pointless double conversion.
The bank is Santandar.
I will refuse this double shitty conversion to take 10%.
Please can anyone offer any advice or contacts to avoid this double bank conversion money grab?
Looking for advice on getting money to Brazil (want to buy somewhere to live)!!