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0 pointsraverbashing5y ago0 comments

Brazilians can already do inter-bank money transfers using their bank accounts apps cheaply.

Pix is an improvement over those systems (shorter processing times - as in seconds instead of minutes) and checks are almost nonexistent.

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danilocesar5y ago

I wouldn't say cheaply... Unless you have a digital-only account or has a high-class account (like VanGogh,Personalitté, etc) it's cost almost 9 BRL for a inter-bank transfer.

raverbashingOP5y ago

9 BRL is what? 2 USD?

Compare with https://answers.usbank.com/answers/s/article/How-much-does-a... (spoiler alert: 10x more - for both senders and receivers)

Whatsapp transfers would be ~ 5% of the cost which would make it more expensive for anything over 200BRL

Meanwhile inside the SEPA Area (EU), National and International payments have the same cost (which is usually 0)

centimeter5y ago

In the US I pay $0 for transfers under like $2500 using various free services like Venmo or Cash App.

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