If you are moving to Brazil to study, work or retire, we invite you to open an account with HSBC. We are able offer you a level of service and security that only a major global financial institution, such as HSBC, can guarantee.
In order to open an account, Brazilian legislation mandates that the customer or a legally authorized representative must be present at the HSBC branch. The following documents must be presented (the requirements are the same for HSBC customers of other countries):
1) Valid permanent or temporary resident visa (minimum duration of 12 months). A tourist visa is not acceptable by law.
2) Identification Documents
The following information must be available in the documents presented.
3) CPF number - Cadastro de Pessoas Físicas (a national tax ID number).
4) Proof of residence.
5) Proof of income in Brazil.
HSBC Premier Customers
If you are an HSBC Premier customer in your home country, you will automatically become an HSBC Premier customer in Brazil, upon presentation of the documents needed to open an account. As such, you will enjoy the benefits of HSBC Premier in Brazil as well.
For more information about HSBC Premier or how to become an HSBC Premier customer, please speak to your Relationship Manager or contact the IBC Team.
You need a National Tax ID number (CPF) to buy property. You do not need a bank account in Brazil, as you can make a direct payment to the vendor's account.
Mortgages: HSBC Brazil is only able to provide mortgages to foreigners who are resident in Brazil. For more information, please contact the IBC Team.
To receive or send international transfers in Brazil, the beneficiary or a legally authorized representative must sign a foreign exchange contract in the branch agreeing to the exchange rates used for the conversion into local currency.
Please note that due to the hours of the Brazilian foreign exchange market, this procedure can only be done from Monday to Friday, 10:00am - 3:00pm at the branch. It cannot be done via Internet Banking or the HSBC Call Centre.
HSBC has an agreement with the U.S. government (Global Direct) that allows government pensioners residing in Brazil to receive their retirement payments in local currency¹ directly in HSBC accounts.
This presents a faster and more convenient option than depositing your pension cheques and then waiting for them to clear.
The required documents for the account opening are:
1) An ID
2) CPF - Cadastro de Pessoas Físicas (a national tax ID number).
3) Proof of residence.
4) U.S. pensioners certificate.
Proof of income is not needed.
For more information about this service, please visit the nearest HSBC branch.
1 The currency conversion will be done at the HSBC exchange rate at the time of the transaction. The customer or a legally authorized representative must sign the foreign exchange contract at the account holding branch.