Jochen
From: United States
6/13/2004 19:55 EST
Can anyone say for sure whether it is possible on a tourist visa to open a checking account in Rio? One posting here indicated that it would be possible if one took the trouble to get a Brazilian Social Security Number or CPF(?). If so, where get it in Rio? Another posting implied you had to have a permanent visa.
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prontomudar
From: United States
6/18/2004 03:24 EST
You must have a CPF number first or there will be no bank account. The only bank authorized by the government to provide accounts, including checking, savings, and credit card (which I have obtained) on a tourist visa is Banco do Brasil. I utilized the services of a certified sworn translator from the Sao Paulo US Consulate referral list. First, sworn copies of your passport and birth certificate must be registered at the Policia Federal. The copies are taken to the Receta Federal and a CPF is obtained. There is a two day waiting period. When you return you will receive your CPF national id number for no charge. Take this to Banco do Brasil and go to new accounts to apply for your account. You will need a Brasilian address to receive your ATM card, checks, etc. Your ATM must be activated from the phone number you use on your account application. Your CPF will also come to this address. If you are not completely fluent in Portuguese, hire the translator for their daily rate (mine was $200) to guarantee all transactions are understood and completed correctly. My translator included transportation/the total charge was $500 for several documents and two and a half days of assistance.
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Kaili
From: United States
6/18/2004 13:22 EST
I have tried to open a bank account in Sao Paulo at a number of banks using my tourist visa and my CPF and have been unable to do so. My understanding is that it doesn't matter which bank you go to; the Brazilian law was changed stating that those with a tourist visa are NOT allowed to open a bank account in Brazil. There is a special type of account called a CC5 for investors but you must have a temporary or permanent visa. In Brazil, you must prove your income to open a bank account. If you are on a tourist visa, you are unable to legally work and receive an income. I have not been able to work around this issue. Has anyone else been able to open an account with a tourist visa? Please share. Thanks!
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prontomudar
From: United States
8/12/2004 18:08 EST
if you will follow the steps i mentioned in the june 18 message you should get your bank account. i acquired mine in sao paulo, but the Banco do Brasil is all over the country. you may contact me at my email: ricrico@earthlink.net
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taxman
From: United States
1/9/2005 18:32 EST
Its easy. Simply obtain your CPF by obtaining the forms at the Post Office and you can mail it off. It doesnt cost a thing and you can handle everything by mail. I had my lawyer do it but as a lawyer in the states, I could have handled it myself.
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towerdavid
From: United States
1/12/2005 11:33 EST
I tried unsucssefully to open an account as well. I'm married to a Brazillian, and went with her, another Brazillian familular with finance, my CPF and perm. visa. I can't remember why, but they would not do it. It was at a Bank Boston in Leme (Rio)
Would you contact me with some more specific info like, what bank you did it with andcan contact info? I'd to like to have one.
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AF53
From: Brazil
2/2/2005 13:12 EST
Some of the responses are right. You need a CPF (Cadastro de Persona Fisica), which is provided by the Receita Federal. The application fee is sold at any Bank or Banco do Brasil (R$5,00 or USD$1.50) -you need to give them your names, date of birth and name of your parents. Then you go to any office of the Receita Federal to apply for the CPF -go early-. That's it.. in two days at the most you will have a CPF number. With that number you can open a checking account; all banks require copy of your passport and any correspondence that shows your address in Brazil.. and any copy of a job paycheck or stub. That's it.. in my case I did it with Citibank.
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brastras
From: Brazil
2/23/2006 19:26 EST
The question is: why will you need a bank account in Brazil if you are just visiting on a temporary Visa, to start with? You can carry an international Mastercard, Visa or any other major go, 24 hours a day, at the official exchange rate on any cashing machine avaiilable virtually everywhere in the country. .
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brastras
From: Brazil
2/25/2006 09:28 EST
My posting came out partially blurred. Sorry. I said:
"You can carry a MasterCard, Visa or any other major credit card to pay your expenses and get cash up to about US$400.00 a day in local currency at the official exchange rate on ATMs available 24 hours a day virtually anywhere in the country."
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DontGiveUp
From: Brazil
2/28/2006 06:16 EST
It is simple: only RESIDENTS or registered companies can open bank accounts. Those banks that tell you differently are simply not familiar with the new procedures. You run the risk that it is closed by the Banco Central (National Bank), with your money frozen. This has happened several times, and it costs you money, energy and several months to get your $$$ back. When you have a bank or credit card, simply use the 24-hrs ATM machines!
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