Suvi Detailed Review

Rates, Fees, Limits, Safety and More

Last updated: October 28, 2023

What is Suvi? An introduction

Suvi company information

Over the past four years, Suvi has diligently developed a cutting-edge banking platform, resulting in an integrated mobile app brimming with advanced features while maintaining remarkably low costs. This unique approach empowers Suvi to deliver exceptional services to their customers with minimal or no fees attached.

Suvi also delivers the essentials for international transfers: a user-friendly mobile and web app, fee-free transactions, swift and dependable transfers, unparalleled exchange rates, and top-tier security.

Suvi's cutting-edge integrated platform empowers them to maintain cost-effectiveness that allows them to provide unbeatable rates with no accompanying fees.

Suvi is a modern banking platform that also enables its customers to send international money transfers. With a focus on innovation and ease of use, Suvi specializes in low cost services.

What services does Suvi provide?

Suvi's integrated app currently provides the below array of features:

• Complete Banking Solution: Suvi offers individual, joint, and teen FDIC-insured accounts without any monthly fees or minimum balance requirements. Their complete banking suite encompasses checking and savings accounts, the ability to access your paycheck and government benefits 2 to 5 days early, instant advances of up to USD 200, peer-to-peer payments, bank transfers, cash deposits, mobile check deposits, and even the convenience of paying via check. Suvi is designed to fulfill all your banking needs under one roof, eliminating the necessity for multiple bank accounts.
• Zero Fee Credit Building: With Suvi, seamlessly boost your credit score with Suvi's secured credit card by using it for your everyday purchases. Enjoy a seamless integration with banking, eliminating the need for a separate security deposit account while benefitting from dynamic limits. Rest assured, there are no interest charges, annual or monthly credit card fees, or late fees to worry about.
• Super-fast, zero-fee International Money Transfers: Sending money abroad has never been easier or more cost-effective. Whether you want to transfer funds to a loved one's bank account, arrange for cash pickup, or deposit into mobile wallets, Suvi's integrated banking platform offers unbeatable exchange rates. You can send money abroad instantaneously using the balance in your FDIC-insured account.

Suvi offers a wide array of banking solutions, 0-fee credit building as well as international money transfers with low fees and competitive exchange rates.

What is on the horizon for Suvi?

As a company that is constantly innovating, Suvi has many new features coming up in the near future. These include the below:

• Low-Cost Cash Deposits: Soon, you will be able to deposit cash conveniently at various retailers using a barcode system.
• Real-Time Payment Platform: Suvi is working on a platform that lets you instantly add funds to your Suvi account using a debit card from another bank and efficiently transfer funds to your external debit cards. No more need for separate apps like Cash App, Apple Cash, or Venmo – Suvi will be your all-in-one banking and payments solution.
• Unique Usernames across for seamless payment transactions: Suvi is developing a feature that allows you to make payments and receive funds from almost anyone, regardless of whether they are using other P2P apps such as PayPal or Venmo.
• Business Banking: Suvi is building a highly integrated business banking solution, incorporating expense, credit card & spend management, and international money transfers, all tightly integrated with major ERPs and payroll providers.
• Vertical Strategies: Suvi is exploring numerous vertical strategies that will benefit both businesses and consumers. For instance, they are working on configuring their platform for rental property banking, catering to the needs of landlords, property managers, and renters alike.

In summary, Suvi does not just provide banking services; it is a forward-thinking financial ecosystem designed to make your banking experience comprehensive, convenient, and cost-effective.

Which countries does Suvi operate in?

At this time, Suvi operates within the United States. If you are a resident of the US, you can sign up for a Suvi account and use their banking as well as remittance services.

Where can I send money from with Suvi?

Currently, you can send money with Suvi from the United States. Suvi supports money transfers from the US to 30 countries worldwide.

Where can I send money to with Suvi?

You can send international money transfers with Suvi from the US to 30 countries across the globe. Below is the list of supported remittance destinations where you can send money to using Suvi:

• Mexico
• India
• Philippines
• China
• Vietnam
• Nigeria
• Germany
• France
• Colombia
• Pakistan
• Thailand
• Haiti
• Egypt
• Ecuador
• Kenya
• Peru
• Brazil
• Ghana
• Italy
• Belgium
• Bangladesh
• Spain
• Nepal
• United Kingdom
• Portugal
• Romania
• Senegal
• Indonesia
• Netherlands
• Argentina

You can send international money transfers with Suvi from USA to 30 countries spread throughout the world.

What are Suvi's fees and exchange rates?

Suvi's commitment to transparency means you can access Suvi's promotional and ongoing rates before signing up, giving you the information you need to make well-informed decisions.

Suvi is dedicated to providing unbeatable exchange rates for your ongoing international transactions, with zero fees for transactions of USD 100 or more (transfers less than USD 100 cost only USD 0.99 in fees).

Plus, for their first transaction of any amount, RemitFinder users will also enjoy promotional rates with zero fees and a USD 5 coupon on transfers of USD 100 or more.

You can conveniently make instant transfers and avoid card fees by using the balance in your FDIC insured Suvi account.

RemitFinder users get a promotional exchange rate as well as USD 5 coupon on their first international money transfer with Suvi.

Are Suvi's exchange rates good?

Suvi's exchange rates are highly competitive. For your first transfer, you get a promotional rate as well as a USD 5 coupon as a RemitFinder user.

For repeat transactions, Suvi's regular exchange rate is also very competitive and they are usually amongst the top 3-4 providers listed on RemitFinder for most of the markets they operate in.

That being said, it is generally a great idea to compare exchange rates from many providers and see what other money transfer companies are offering. By comparing remittance service providers side-by-side, you procure valuable information to be able to get the maximum return on your international money transfer transactions.

A simple and convenient way to compare various money transfer companies is to rely on RemitFinder's online money transfer comparison platform. We provide you with up to date information on exchange rates from various providers so you can make the best decision when it comes to sending your hard-earned money overseas.

Is Suvi a cheap way to send money overseas?

Suvi is a very cost-effective way to send money internationally. This is because of two specific reasons:

• Suvi's exchange rates are highly competitive, so you get more payout for the money that you send with them.
• As a RemitFinder user, your first transaction with Suvi is completely free. Subsequent transactions are also free as long as you send at least USD 100 per transfer.

Suvi's highly competitive exchange rates, promotions for RemitFinder users as well as 0-fees make it a very economical way to send money overseas.

How do I avoid Suvi fees?

You will pay absolutely 0 fees when you send money abroad with Suvi. This is because of the below reasons:

• New RemitFinder users get their first transfer for free, always.
• For subsequent transfers, send at least USD 100 to continue to enjoy 0-fee transfers.

In case you send less than USD 100 for your repeat transfers, you will need to pay USD 0.99 fee per transfer.

With Suvi, your first transfer with free. For repeat transactions, send at least USD 100 to continue to get the transfer fee waived.

How much money can I send with Suvi?

Suvi allows sending USD 3,000 per international money transfer transaction.

Whilst the sending limit per transfer may seem low, the good news is that there is no limit to the number of transactions you can send per day. This basically means that you can send an unlimited amount of money overseas with Suvi as long as you break it down into smaller chunks with each transfer of up to USD 3,000.

You can send unlimited amount of money with Suvi as long as a single transfer is up to USD 3,000. There is no limit to the number of transfers you can make.

How long does it take for Suvi to send money overseas?

Suvi is an extremely fast way to send money internationally. Most Suvi money transfers usually finish within minutes of funding your transaction - as soon as Suvi gets your money, they will move it overseas quickly.

How can I pay for my Suvi money transfer?

In the international money transfer space, how you pay for your remittance transaction is generally called a payment method.

Suvi offers versatility when it comes to funding your transaction. You can enjoy instant transfers without card fees by utilizing the balance in your FDIC-insured Suvi account.

Additional payment options include sending a bank transfer to Suvi (using the provided account and routing number), initiating a bank transfer from Suvi, making cash deposits, or utilizing P2P payment apps.

Suvi supports a wide variety of payment methods that include your Suvi account, bank transfer, cash as well as P2P payment apps.

How can my recipient get paid with Suvi?

How you choose to pay your overseas receiver is termed as a delivery method. Just like you provide Suvi your funds via a payment method, Suvi will credit your overseas recipient using your chosen delivery method.

Suvi supports 3 delivery methods as listed below:

• Bank deposit
• Mobile wallet credit
• Cash pickup

Depending on your and your recipient's needs and preferences, you can choose the best delivery method for your remittance transaction.

With Suvi, you can pay your overseas recipient via bank deposit, mobile wallet or cash pickup.

Which delivery method should I use for my Suvi money transfer?

The choice of the appropriate delivery method for your international money transfer will depend on the specific requirements that you or your overseas recipient may have.

For example, if your overseas receiver does not have a bank account or does not want to share their banking information with you, you can choose to pay them via a mobile wallet credit or cash pickup.

Similarly, if you need to rush money urgently to your recipient and they wish to access the funds as cash, a cash pickup may be the best option. Alternatively, if your recipient does not want to handle cash, choose bank deposit or mobile wallet as those are electronic delivery options.

In summary, you have a lot of flexibility with Suvi's delivery options that support a variety of needs.

Are there any Suvi coupon codes or promotions I can use?

Yes. Suvi has an ongoing promotion for RemitFinder users whereby you get USD 5 off on your first transaction of at least USD 100.

In addition, you can take advantage of 0-fee money transfers as long as you send at least USD 100. Finally, Suvi's highly competitive exchange rates get you maximum return on your hard-earned money.

All the above promotions and advantages offered by Suvi to RemitFinder users are a great way to maximize the money that your overseas recipient gets for the money transfer you send to them.

RemitFinder users get USD 5 off and pay 0 transfer fees for their first USD 100 money transfer sent via Suvi. Subsequent transfers are fee free as long as you send at least USD 100.

If Suvi provides any additional deals or discounts to RemitFinder users, we will add them on this review. Make sure to check back periodically to ensure that you do not miss out on any Suvi deals.

In case you do not want to keep an eye out for Suvi deals and discounts manually, you can simply sign up for the RemitFinder daily exchange rate alert. It is totally free to do so; if you sign up for our free alert, we will proactively notify you of the best exchange rates as well as promotions from various money transfer companies.

Sign up for a free rate alert and stay up to date with market trends

Create free rate alert
 

How can I find Suvi near me?

Suvi is an online company and there are no physical branches to go to. If you wish to use Suvi for your next international money transfer, simply sign up with them online in one of the following ways:

• Via Suvi's mobile app on Apple AppStore
• Using Suvi's mobile app on the Google Play Store
• Through Suvi's website

Suvi is an online payment and banking company so you do not need to drive to physical locations and stand in lines.

What is the best way to find a Suvi Sending Location near me?

Suvi is always close to you and in your pocket at all times since you can access their services online.

The only time you may need to go to a physical location would be to pay for your money transfer via a cash deposit. In that case, you can find the nearest cash deposit location supported by Suvi via their mobile app.

What is the best way to find a Suvi Payment Location overseas?

Suvi does not typically do cash pickups in international locations, so there is no need for your recipient to go to a location to pick the funds you send to them. Most Suvi deposits are fulfilled via digital payments using banks, mobile wallets and cards.

Is Suvi a safe way to send money abroad?

As a banking and money transfer institution, Suvi strives to place a strong emphasis on the security and safety of both your money and your personal information. Here are some secure practices and processes that Suvi follows to keep you safe:

• Data encryption: Suvi uses 128-bit AES encryption methodology to encrypt data. This ensures that no one do not get access to unencrypted data at any time.
• Access control: Suvi implements access control to ensure that only authorized personnel have access to data. Additionally, data access is minimized to reveal only the amount of data needed to execute the business function.
• KYC enforcement: Suvi ensures that every registered customer passes Know Your Customer (KYC) checks. This ensures that your account is opened by you and not by an imposter or hacker.
• Visa Zero Liability: Any purchases you do with your Suvi debit card are protected by Visa Zero Liability, which guarantees that you will not be liable for any unauthorized charges on your card.
• Technological innovation: Suvi relies on the latest technologies to ensure that their systems are built with security in mind from the get to.

Suvi implements a variety of security best practices to ensure that your money and information are safe with them.

Can I trust Suvi?

A big part of a company's security is also dependent on their partners as well as their legal and regulatory compliance. In the case of Suvi, the below points are noteworthy:

• Suvi's banking services are empowered by Community Federal Savings Bank, which is a member of Federal Deposit Insurance Corporation (FDIC).
• Suvi bank accounts are FDIC insured for up to USD 250,000 for individual accounts and USD 500,000 for joint accounts.

How good is Suvi's service?

Over the past four years, Suvi has diligently developed a cutting-edge banking platform, resulting in an integrated mobile app brimming with advanced features while maintaining remarkably low costs. This unique approach empowers Suvi to deliver exceptional services to their customers with minimal or no fees attached.

That said, a great way to inspect if a service is good or not is to see what its consumers have to say about it once they have used it. In the next section, we will check if Suvi customers are happy or not.

What do users have to say about Suvi?

Let us check Suvi's ratings and reviews^ on popular app stores and review platforms to see what current and active users say about their service.

• On the Google Play Store, Suvi has a 4.2/5.0 rating with 30 reviews and more than 1,000 downloads
• Suvi's iOS app is rated 4.2/5.0 on the App Store with 29 ratings
• Suvi is currently not rated on TrustPilot.
• Suvi is currently not rated on RemitFinder.

^Ratings on various platforms as on October 27, 2023

Suvi has very good ratings on both Google Play Store as well as Apple AppStore. That said, the number of reviews is still a small number as Suvi is a relatively new company.

Have you used Suvi's products and services yet? If so, please consider leaving a review for Suvi on RemitFinder. This will help other users lean on your expertise and experience and gain from it.

Add your Suvi review to share your experience

Add review
 

Is Suvi the best choice for me?

Suvi presents many key advantages in its overall product offering and specifically within the international money transfer space. Based on our detailed analysis of Suvi's money transfer service, we find it to be strong in the below areas:

• Competitive exchange rates: Suvi provides highly competitive exchange rates for various money transfer corridors they operate in. This is also evidenced by Suvi presence in the top 3-4 service providers on RemitFinder when it comes to exchange rates. All this means that your overseas recipient gets more money in their local currency.
• Fee-free money transfers: Suvi provides RemitFinder users their first transfer free of cost. Subsequent transfers are free as well as long as you send at least USD 100 as part of your transaction. USD 100 is a very low threshold which makes it easy to take advantage of free transfers all the time.
• Flexible payment methods: You can pay for your Suvi money transfer in a variety of ways that include a Suvi FDIC-insured bank account, another bank account, cash deposit or payment via P2P apps. This gives you a lot of flexibility in how you want to fund your transfer.
• No limit on number of money transfers: Even though you can only send USD 3,000 in a single money transfer with Suvi, there is no limit to how many transfers you can send in a single day. This means that you can send an unlimited amount of money with Suvi as long as you break it up into smaller transfers of up to USD 3,000.
• Fast money transfer speed: Most Suvi money transfers finish within minutes once Suvi receives your payment. This makes Suvi a quick way to send money overseas.
• Promotion for new RemitFinder users: Suvi offers USD 5 off on the first transfer sent by new RemitFinder users as long as the transfer amount is at least USD 100. This is a great way to put some extra money in your pocket!
• Complete banking solution: Suvi is a full-fledged banking solution which can make it an attractive option in addition to relying on it as an international money transfer service. If you choose to bank with Suvi, you can use the money in your Suvi bank account to directly fund your international money transfers.

RemitFinder likes Suvi for providing fee free transfers, very competitive exchange rates, unlimited number of transfers in a day, flexible payment methods and a very fast international remittance service.

What are the best reasons to use Suvi?

Based on our in-depth analysis of Suvi's international money transfer service, we find it to possess many advantages that may make it an attractive choice for quite a few remittance scenarios.

Here are some money transfer use cases where Suvi presents itself as a strong contender for your overseas remittance needs:

• If you are a US resident, Suvi may be a great way to send money overseas as they support about 30 destinations to send money to. It is possible that their coverage expands further in the future, so keep checking back in case your requisite destination country is not supported yet.
• Everyone wants to maximize the return on their international remittances, and Suvi can be a good ally to achieve that goal. This is because not only are their exchange rates highly competitive, but they also charge no transfer fees as long as you send money than at least USD 100 in a single transaction.
• Since Suvi provides many flexible payment options, they can be a great choice if you wish to be creative on how to fund your money transfer with them. Options include paying with your Suvi account, another bank account, cash deposit or P2P apps.
• If you wish to save even more on your Suvi money transfer, you can take advantage of the USD 5 bonus promotion for new RemitFinder users. This is a great way to save even more on your first Suvi transaction. Note that you must send at least USD 100 to claim the USD 5 bonus amount.
• Suvi is an online only company with no physical locations or branches. This helps them keep their operation cost low and pass on the savings to their customers. If you wish to take advantage of Suvi's low costs and fees, they may be a good choice to consider.
• Suvi is also a complete banking solution which may be an advantage if you are also looking to switch over your banking provider. If you do so, you can certainly fund your Suvi international money transfers conveniently via your Suvi bank account.

There are many international money transfer scenarios for which Suvi may prove to be a great partner. Check out this detailed Suvi review for everything you need to know about their remittance service.

What type of transfers can I make with Suvi?

Suvi supports international money transfers from the United States to about 30 global destinations spread across all continents. You can pay for your money transfers using many payment methods that include your Suvi bank account, an alternate bank account, P2P apps or even a cash deposit at a convenient location.

Key advantages of Suvi include competitive exchange rates, 0 transfer fees and fast international payments. You can also take advantage of exclusive deals and promotions provided by Suvi for RemitFinder customers.

Finally, you can send funds to your loved ones directly into their bank account, mobile wallet or for cash pickup.

What are various ways to send money with Suvi?

There are 3 ways to send money overseas using Suvi - these are via their website, Android app or iOS app.

The fact that Suvi is an online only money transfer company makes it very convenient for you to send money 24x7 from the comfort of your home or office. There are no branches or office to go to and hence no need to deal with traffic or wait times.

How to send and receive money with Suvi?

Sending money internationally with Suvi is a very quick and easy process. In fact, the end to end process takes only a few clicks using Suvi's website or mobile app, and you should be able to finish the transaction in less than 5 minutes.

Step by step guide to send money with Suvi

To quickly and easily send money abroad using Suvi, you can follow the below step-by-step guide to finish your remittance transaction in just a few minutes.

• Step 1: Decide if you are ready to send money with Suvi. The first step in making an international money transfer is to decide which company to choose as your preferred partner. This may sound easy but can be hard, especially due to so many players in the money transfer ecosystem. From banks to fintech companies to money transfer operators to your local grocery store, there is so much to choose from! A reliable solution to this situation is to compare various remittance companies using RemitFinder's online money transfer comparison engine. RemitFinder has up to date information on exchange rates from numerous providers, and by comparing companies in an easy to use interface, you can fine tune your search and decide which company meets your needs.





• Step 2: Register a new account with Suvi. If you have selected Suvi as your preferred partner to send money overseas, the next step is to create your Suvi account. You can do this either on their website or by downloading the mobile app. After you register your account, make sure to complete the KYC process and provide requisite documentation to fully setup your account.
• Step 3: Enter recipient details and fund your money transfer. Once your account is setup, you can send money. To do this, provide recipient details and choose the delivery option to pay them with. In addition, choose how to want to fund you transfer by picking your preferred payment method.
• Step 4: Verify and initiate the money transfer. Before you submit your transaction, review all the entered information to ensure there are no mistakes. Once you are satisfied, submit your money transfer. At this point, you are done and Suvi will start working on moving your money overseas.

Sending money internationally with Suvi is very simple and the whole transaction can be completed in just a few minutes using Suvi's website or mobile app.

How can Suvi help me send money?

Sending money to international destinations with Suvi is very simple and easy, and you should be able to finish the whole process from new account registration to transaction completion within a few minutes.

That said, if you encounter any problems when sending money or have any questions on any step of the process, you can get in touch with Suvi's customer support team to get assistance. There are many easy ways to get in touch with Suvi; we cover those in a section below.

Do I need a Suvi account to receive money?

If you are the overseas recipient of a Suvi money transfer, you do not need to have a Suvi account to receive the funds. This is because your sender would have chosen one of Suvi's supported delivery options - bank deposit, mobile wallet credit or cash pickup - when initiating their money transfer.

An overseas receiver of a Suvi international money transfer does not need a Suvi account to access the funds.

Does Suvi have a mobile app?

Suvi has a mobile app that is available for both Android and iOS devices via the respective app stores. The app has very good ratings on both platforms which seems to suggest that customers like it.

Suvi also has a website that you can use in addition to the mobile app.

How do I track my Suvi transfer?

You can easily track the status of your Suvi money transfer through either the Suvi mobile app or the website. Simply go to your transaction history and look for your pending transaction(s).

Suvi will also keep you notified of progress as your transaction proceeds to next steps.

Can I use Suvi for international bank transfers?

Yes, you can use Suvi for moving money between international bank accounts. The way to accomplish this to use a bank transfer to fund your overseas money transfer and choose bank deposit as the delivery option to pay your overseas recipient.

This way, you essentially move money internationally between 2 bank accounts, but with Suvi's competitive exchange rates and 0 fees.

Is Suvi online better than sending money in-person in stores?

Yes. Using Suvi online is easy, fast and cheap. In fact, Suvi is an online financial company and provides access to its customers via their website and mobile app. You do not need to go to any physical offices or agent locations to use Suvi.

Suvi is an online only provider with no physical offices to go to. This makes it an easier and cheaper option for your international money transfers.

Does Suvi have a rewards program?

No, currently Suvi does not have a rewards or loyalty program. That said, new RemitFinder users can get a one-time reward of USD 5 on their first money transfer of minimum USD 100.

What customer support options are available with Suvi?

If you need assistance during your money transfer or any other banking operation with Suvi, or have questions regarding anything, it is very easy to get in touch with Suvi's customer support team.

You can contact Suvi's support personnel via any of the following methods:

• If you have a Suvi account, you can start a secure chat with customer support from either the website or the mobile app.
• You can call Suvi's team at (866) 788-4277.
• You can also email Suvi at support@suvicash.com.

Once you reach out to Suvi, someone from their customer support team will help you with your query.

Suvi's customer support team can be contacted via secure chat, email or phone.

Can I cancel my Suvi transfer?

In case you need to cancel your Suvi money transfer, make sure to reach out to customer support within 30 minutes of starting your transaction. Since Suvi moves money overseas quickly, the window to cancel your transfer is short.

It may not be possible to cancel your money transfer once it has been completed.

How do I delete my Suvi account?

To delete your Suvi account, reach out to customer support and someone will assist you with your request. You can connect with Suvi's support team via secure chat from within the app, or via email or phone.

Make sure you make a copy of your transaction and account history before you delete your account. It is always a good idea to keep track of your transactions for future reference purposes.

Can I use Suvi's bank account when traveling internationally?

Suvi debit and credit cards can be used while traveling internationally. This makes it convenient to access your money as well as make international payments directly from your Suvi bank account.

Additional FAQs on Sending Money with Suvi

In this section, we provide some additional Frequently Asked Questions (FAQs) on how to send money with Suvi. The below questions and answers are exemplified with a USA to Brazil money transfer scenario; same principles apply for other countries as well.

How can I start sending money to Brazil?

Sending money to Brazil with Suvi is a straightforward process. You will benefit from super-fast transfers and zero fees for transactions of USD 100 or more. Suvi's ongoing exchange rates for Brazilian Reals are unbeatable, and for your first transfer, you will get a promotional rate with zero fees.

You have the flexibility to send money to Brazil via Pix or a bank account.

To kickstart your money transfer, simply visit Suvi's mobile app or website, where you will find transparent information on their exchange rates and fees.

To send money to Brazil, you can create an FDIC-insured account in less than a minute. You can instantly send money to Brazil using the balance in your Suvi account.

Alternatively, you have various funding options, including sending bank transfers to Suvi (using the provided account and routing number), initiating bank transfers from Suvi, using P2P apps with your Suvi debit card, or making cash deposits.

Suvi provides a convenient and cost-effective way to send money to Brazil.

What are the costs and exchange rates associated with sending money to Brazil?

Suvi provides very competitive exchange rates for your ongoing transactions to Brazil, with zero fees for transactions of USD 100 or more. Plus, for your first transaction of any amount, you will also enjoy promotional rates with zero fees.

Suvi's commitment to transparency means you can access their promotional and ongoing rates before signing up, giving you the information you need to make well-informed decisions.

How fast can I send money to Brazil?

Suvi ensures lightning-fast transfers, with the recipient in Brazil typically receiving the funds within minutes once the transaction is funded. In addition, there are no additional fees for instant payments, adding to the expeditious and cost-effective nature of your transactions.

What are the various ways for a receiver to collect money in Brazil?

Suvi offers the flexibility of sending money either as a bank deposit or as a PIX payment in Brazil, ensuring your recipient's convenience.

What receiver information do I need to provide for a smooth money transfer to Brazil?

To make your money transfer to Brazil seamless, you will need to provide specific receiver information, including:

• First and last name
• City and Zip Code
• Receiver's identity type and identity number
• Reason for payment

If you are opting for a bank deposit, you will also require:

• Account number
• Bank name
• Branch code/BIC
• Account type

When sending funds through PIX, you will need to specify:

• PIX type
• PIX value

Suvi has streamlined the process for convenience, so you only provide what is necessary to make the transfer as smooth as possible.

Is there any additional information required to facilitate money transfers to Brazil?

Suvi only needs one additional piece of information from you to send money to Brazil – your ID number and type. Please provide the same if it has not already been provided.

What are the transaction limits to send money to Brazil?

The transaction limit per transfer is set at USD 3,000.

Can I send multiple transactions in a single day?

Absolutely! Suvi places no restrictions on the number of transactions you can send in a day, enabling you to make multiple transfers without any hassle.

What are the different ways I can pay for money transfers to Brazil?

Suvi offers versatility when it comes to funding your transaction. Options include sending a bank transfer to Suvi (using the provided account and routing number), initiating a bank transfer from Suvi, making cash deposits, or utilizing P2P apps.

Additionally, you can enjoy instant transfers by utilizing the balance in your FDIC-insured Suvi account.

How do I make my first money transfer to Brazil?

Embark on your journey to send money to Brazil by exploring Suvi's exceptional rates for Brazilian Reals and take advantage of zero fees for transfers of USD 100 or more. As a special welcome, your first transfer to Brazil enjoys a promotional rate with zero fees.

Suvi prioritizes transparency and provides upfront disclosure of exchange rates for your ongoing transfers.

Initiating your first transfer is a simple process – just input the desired amount and recipient's details, along with your own information.

You have diverse funding options to choose from, including sending a bank transfer to Suvi, initiating a bank transfer from Suvi, using P2P apps, or making cash deposits. For added convenience, you can instantly transfer your funds using the balance in your FDIC-insured Suvi account.

Suvi strives to make your money transfer experience as seamless as possible.

What happens after I have completed the transaction to Brazil?

Your transaction will be marked as funded or pending funds. Once processed, it transitions to an approved status. When your recipient in Brazil receives the funds, the transaction is marked confirmed.

How can I keep an eye on my transfer status to Brazil?

Monitoring your transfer status is a breeze using Suvi's mobile app or website. Your transaction status will change to approved once the transaction is processed. As soon as the receiver in Brazil receives the funds, the transaction is marked as confirmed.

Additional Information

Legal and Regulatory Compliance

In the United States, Suvi's banking services are powered by Community Federal Savings Bank, which is a member of Federal Deposit Insurance Corporation (FDIC). This means that Suvi's bank accounts are FDIC insured as per the standard FDIC limits of up to USD 250,000 for individual accounts and USD 500,000 for joint accounts.

Suvi's Visa Debit Cards are issued by Community Federal Savings Bank as part of their licensing and compliance with Visa USA.