Major Banks in Brazil

Last reviewed: · Curated by Ohmyfin Organisation editorial.

Brazil's banking system runs on STR (Sistema de Transferência de Reservas) and PIX (instant). The country's currency is the BRL. The major banks below handle the vast majority of inbound and outbound SWIFT payments to Brazil.

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Brazil runs its domestic interbank settlement on STR (Sistema de Transferência de Reservas) and PIX (instant). International SWIFT payments arrive at one of the major correspondents listed below before being credited via the domestic system.

Top banks in Brazil: Itaú Unibanco (ITAUBRSP, São Paulo), Banco Bradesco (BBDEBRSP, Osasco), Banco do Brasil (BRASBRRJ, Brasília), Caixa Econômica (CEFXBRSP, Brasília), Santander Brasil (BSCHBRSP, São Paulo).

Itaú Unibanco — SWIFT/BIC ITAUBRSP, headquartered in São Paulo. Largest Latin American bank by market cap.

Banco Bradesco — SWIFT/BIC BBDEBRSP, headquartered in Osasco. Top-two Brazilian private bank.

Banco do Brasil — SWIFT/BIC BRASBRRJ, headquartered in Brasília. Largest public-sector bank; major USD nostro.

Caixa Econômica — SWIFT/BIC CEFXBRSP, headquartered in Brasília. Government savings bank; large social-program flows.

Santander Brasil — SWIFT/BIC BSCHBRSP, headquartered in São Paulo. Brazilian arm of Banco Santander; major retail.

If you have sent or received a SWIFT payment routed through any of these banks, you can verify it for free on Ohmyfin. Paste the 36-character UETR (from your MT103 or pacs.008 confirmation) into the homepage tracker to see the latest available SWIFT status — settled, in flight, pending compliance, or rejected.

Key facts

Frequently asked questions

What are the major banks in Brazil?

The largest banks in Brazil include Itaú Unibanco, Banco Bradesco, Banco do Brasil, Caixa Econômica.

What is the SWIFT code for Itaú Unibanco?

Itaú Unibanco's primary SWIFT/BIC is ITAUBRSP (head office in São Paulo). Branches use 11-character extensions of this code.

How are domestic payments settled in Brazil?

STR (Sistema de Transferência de Reservas) and PIX (instant)

How do I track a SWIFT payment to or from Brazil?

Paste the UETR into the Ohmyfin tracker. You will see the latest available SWIFT status in seconds — including which correspondent bank in Brazil (or the international intermediary) is currently holding the payment.

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