Wise charges from 0.4% + IOF. Ruvo: 0% IOF
At Wise, sending money abroad carries 3.5% IOF. At Ruvo, transfers run on digital dollars: 0% IOF and fees from 0.3%.
International Transfer Without IOF
Banks charge 4–8% in fees and spread, plus IOF. Ruvo: 0.5% to convert, 0.5% to send by ACH, and 0% IOF with digital dollars.
Backed by leading global investors
Ruvo has no IOF
An international bank transfer costs 4% to 8% in fees and spread, plus 3.5% IOF, and can take up to 5 days. Wise charges from 0.4% plus IOF. Nomad, 1% to 2% plus IOF. Ruvo does it all in digital dollars, which aren't subject to IOF, and charges one clear fee.
Comparison table
Name
Itaú
Wise
Nomad
RuvoIOF
3.5%
3.5%
3.5%
No
Fee
4% to 8%
from 0.4%
1% to 2%
0.5% (ACH)
Time
Days
Days
Days
Minutes
How it works:
Deposit via Pix
Transfer reais from your bank account via Pix to your Ruvo account.
Convert to dollars
Your reais become digital dollars with a clear 0.5% fee. No IOF.
Send globally
Send to any account in the world quickly via ACH, Wire, RTP or SWIFT.
Backed by Y Combinator, 1confirmation and Coinbase Ventures
$4.6 million
raised to make the global financial system work for Brazilians
Learn more about IOF and Ruvo
Common questions about fees, security, and how Ruvo works day to day.
Your purchases and transfers on Ruvo run on digital dollars, which aren't subject to IOF. You only pay the transaction fee, shown on screen before you confirm. As with any tax rule, this is subject to current regulation. Learn more about 0% IOF.
See more questionsYes. Ruvo is backed by Y Combinator and works with regulated partners in the US and Brazil. Your wallet is self-custodial: only you control the keys and move your assets — not even Ruvo has access.
See more questionsYes. The Ruvo card works worldwide, with Apple Pay and Google Pay. No fee on dollar purchases, 0% IOF.
See more questions- See more questions about Get to know Ruvo
PayPal charges over 6%. Ruvo: from 0.3%
On PayPal you pay seller fees on international sales, and another 3.5% on conversion. Ruvo is a full dollar account: receive, card, Pix and 0% IOF.
Nomad charges 1% to 2% + IOF. Ruvo: from 0.3% and no IOF
At Nomad, the fee depends on your program level and IOF is 3.5%. At Ruvo, one clear fee and 0% IOF.
BTG charges IOF. Ruvo: 0% IOF, in digital dollars
BTG runs on SWIFT, with 3.5% IOF plus spread. Ruvo removes IOF by using digital dollars.
Inter charges IOF. Ruvo: no IOF and no hidden markup
Inter charges IOF and adds a markup on international operations. At Ruvo: real commercial rate, fees from 0.3% and 0% IOF.
International transfers with no IOF
Banks charge 4% to 8% in fees and spread, plus IOF. Ruvo: fees from 0.3%, 0% IOF and money in your account in minutes.
