Are there any expats here living in larger metropolitan areas who receive Soc Sec income? Do you have the funds deposited in the US and then transfered or will they deposit to a Brazillian bank with an office in the US. How much do you loose in the transition to usable funds in Brazil (not considering fluctuations in exchange rates) is there a percentage?
I understand funds can be withdrawn at ATMs but there are a lot of fees involved in those transactions and limitations of the amounts able to withdraw. It will be a couple of years before i make the transition, but I want to start getting the facts straight now.
I aloso understand that the government uses the banks deposits and withdrawals as a tax base for each transition. How much is that going to cost me.