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When sending payments in Brazil, it is important to understand the information required to identify a beneficiary’s bank account. Depending on the payment method, transactions can be processed using either a Pix Key or traditional bank account details. While Pix simplifies the payment process, bank account information is still commonly used for electronic transfers and operational validations.

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Bank Account Information in Brazil

A Brazilian bank account is typically identified by the following information:
💡 In our Dashboard, under the Banks option, you have access to the full list of banks with their respective codes.

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PIX Key vs. Bank Details

Before PIX was launched in Brazil, all bank transfers required bank details (bank code, branch, account number, and digit). These acted as the “address” for where funds should be sent. With PIX, a PIX Key was introduced as a simplified form of bank details.
💡 A PIX Key is always linked to a bank account. You can also make a PIX payment using traditional bank details if you prefer.

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Understanding CPF and CNPJ

In Brazil, taxpayer identification numbers are required for most financial operations.

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CPF (Individual Taxpayer Registry)

💡 Both CPF and CNPJ can be used as PIX Keys.

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Where Can Beneficiaries Find Their Banking Information?

Beneficiaries can usually find their banking information through:
  • Their banking application
  • Online banking portals
  • Account statements
  • Banking documentation provided by their financial institution

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Best Practices

Before submitting a payment, always verify that:
  • The beneficiary’s name is correct
  • The CPF or CNPJ matches the account holder
  • The bank code is valid
  • The account and branch numbers have been entered correctly
  • The correct account type has been selected
Accurate beneficiary information helps reduce payment failures and improves processing efficiency.