Bank Transfer in Latin America

Bank transfer is a popular payment method outside of North America. Payments can be made either in person at a local branch or online. Standard bank transfer payments can range from 1-4 business days to clear into the recipient’s bank account, though more banks are updating their infrastructure to support real-time bank transfer.

Bank Transfer Payment Methods in Latin America in 2017
Method Description Supported Countries
Boleto Bancário is one of the most used payment options in Brazil. To pay with Boleto Bancário customers will go to a physical bank branch in their area and pay with cash, or use online banking, or simply go to an ATM machine. Brazil
Débito Bradesco is a “real time bank transfer” payment option available for Bradesco Bank users in Brazil. All Debit cards issued by Bradesco are Visa Electron branded, so by offering this payment method merchants will have access to all debit card holders from Bradesco which, according to the latest publications is around 53 Million cards. Brazil
Bank transfer is the preferred method of payment for online purchases in a wide variety of countries. Countries vary widely in technical sophistication of their set-up. Global