Heirs will be able to consult forgotten money when the Central Bank reopens consultations

Heirs or legal representatives will be able to consult the money forgotten by deceased people when the SVR (Values ​​Receivable System) is reopened. According to the Central Bank, there is still no date set for the resumption of the service.

The second phase of consultations with the system was scheduled for May 2, but was postponed due to the strike by the monetary authority’s employees, which lasted between April and July of this year.

“With the reopening of the SVR, heirs, testamentary executors, executors or legal representatives of the deceased person will be able, upon acceptance of a term of responsibility, to consult the existence of amounts to be returned owned by the deceased person and learn how to redeem this amount”, he said. the BC.

Another novelty will be the creation of a virtual queue to facilitate access to the Central Bank consultation system. In the first version of the tool, users could only make the query on a predefined day and time. The query system had to be suspended after an explosion of accesses to other Central Bank services.

The BC says it is working on improvements to the system and the inclusion of other types of value. The new data must be sent by financial institutions to the monetary authority from January 2023. After being processed by the municipality, the information will be made available to users when the system is reopened.

Currently, the Receivables System has R$4.6 billion to be released, of which R$3.6 billion will go to 32 million individuals and R$1 billion to 2 million companies.

Of this total, 68% have up to R$10 to recover — which represents around 23.6 million beneficiaries. In the range between R$10.01 and R$100, there are 7.9 million (23%), while more than 2.8 million (8%) have between R$100.01 and R$1,000 forgotten. Only around 476,000 beneficiaries (1%) have more than R$1,000 available for redemption.

“The impact of the total amount that will be available for people to receive cannot yet be assessed, since the calculation depends on the information being sent by the institutions”, ponders the BC.

The information requested by the BC is related to closed prepaid and postpaid payment accounts with an available balance, registration accounts maintained by securities brokerage companies and by securities distribution companies for the registration of customer operations. closed with an available balance, in addition to other situations.

“SVR aroused and still arouses great interest in society. In this sense, BC teams are working to adopt improvements in the system in order to provide a better user experience”, says João Paulo Resende Borges, head of division in the department of Service to Citizens of BC, in note.

In the first phase of restitution, institutions returned R$ 2.36 billion –R$ 321 million via Pix– to 7.2 million individuals and 300,000 legal entities.