The process of opening a bank account in Brazil is very simple. However, it requires residence visa to foreigners.
- Permanent or temporary residence (with a minimum of 12 months) visa.
- Identity document – passport and RNE / SINCRE.
- Proof of Residency.
- Proof of earnings (to open current account).
The process of opening a bank account is in person.
Current: For perform daily banking transactions. The owner receives a debit card.
Savings: For saving and making interests on deposited money.
Salary: It can only be opened in case of salaries. It is equal to a current account, with advantages such as account maintenance and bank transactions lower rates. In this case, the company will request the bank to open an account.