Banco Safra SWIFT Code: SAFRBRRJ

Banco Safra SWIFT Code: SAFRBRRJ

The SWIFT/BIC code for Banco Safra is SAFRBRRJ. SAFR identifies the bank, BR stands for Brazil, and RJ is the location code. Despite the RJ suffix (Rio de Janeiro), Banco Safra's operational headquarters is in São Paulo.

Banco Safra is one of Brazil's largest private banks, controlled by the Safra family. The bank is known for its wealth management and private banking operations, managing assets for ultra-high-net-worth clients in Brazil and internationally. Safra ranks among the top five private banks in Brazil by total assets.

BRL Wealth Management and Private Banking

Wire transfers through SAFRBRRJ predominantly involve investment flows — wealth management deposits, fund subscriptions, and cross-border portfolio rebalancing. The bank's client base includes Brazilian industrialists, agricultural magnates, and families with assets distributed across Brazil, the US, and Europe.

Safra maintains correspondent relationships in New York (through Safra National Bank of New York), Geneva, and Luxembourg, which facilitate USD-BRL, CHF-BRL, and EUR-BRL transfers without additional intermediary banks. This direct routing reduces fees and settlement time for high-value transfers.

Banco Safra Wire Transfer Fees

Banco Safra's wire transfer fees are typically embedded in private banking relationship agreements rather than published as a standard schedule. Indicative costs for incoming international wires are BRL 60 to BRL 120. Outgoing international wires cost BRL 100 to BRL 250.

FX conversion for USD-BRL and EUR-BRL is handled through Safra's treasury desk. The bank offers negotiated rates for transfers above $100,000, with spreads that are tighter than Brazilian retail banking norms. Banco Central do Brasil IOF tax (0.38% for most transfers) applies to all FX transactions.

How Slash fits in

Slash tracks your Banco Safra wire activity including BRL investment flows and private banking transfers. FX conversion details, IOF tax charges, and settlement status through SAFRBRRJ are visible in your treasury dashboard.