Banco do Brasil SWIFT Code: BRASBRRJ

The SWIFT/BIC code for Banco do Brasil is BRASBRRJ. BRAS identifies Banco do Brasil, BR stands for Brazil, and RJ is the Rio de Janeiro location code (where the bank's international operations are centered, though the headquarters is in Brasilia). This code handles international wire transfers to Banco do Brasil accounts.

Banco do Brasil is Brazil's oldest and largest bank, founded in 1808 by Portuguese King João VI. It is a mixed-economy corporation — the Brazilian federal government holds a controlling stake. With over 5,000 branches in Brazil and offices in 23 countries, it is the primary bank for Brazilian government transactions.

BRL Transfers and Brazilian Exchange Controls

Brazil maintains strict foreign exchange controls administered by the Central Bank (Banco Central do Brasil). All international wires involving BRL must be registered in the central bank's SISBACEN system. This registration requirement adds 1 to 2 business days compared to countries without capital controls.

IOF tax (Imposto sobre Operações Financeiras) applies to all incoming and outgoing international transfers at rates between 0.38% and 1.1% depending on the transaction type. Banco do Brasil, as a government-controlled bank, strictly enforces all documentation requirements.

Government and Agricultural Payment Flows

Banco do Brasil is the exclusive financial agent for many Brazilian government programs, including agricultural credit lines and trade promotion. International wires related to government contracts, agricultural commodity sales, and sovereign debt payments frequently route through BRASBRRJ.

The bank is also a major processor of remittances from the Brazilian diaspora, particularly from the US, Japan, and Portugal. Consumer remittance wires to Banco do Brasil are often more affordable than to private banks due to government-subsidized fee structures.

How Slash fits in

Slash tracks international wires to and from Brazil, including payments routed through Banco do Brasil. Each transaction is logged with its IOF tax details and exchange rate, giving your team full visibility into the true cost of Brazilian payment flows.

Banco do Brasil SWIFT Code: BRASBRRJ