Receivables: BC postpones new stage of forgotten cash withdrawals

Due to the civil servants’ strike, the Central Bank announced this Wednesday (27) the postponement of the start of the second stage of withdrawals of money forgotten in banks and other financial institutions. The return of the SVR (Values ​​Receivable System) was scheduled for next Monday, May 2nd.

Even those who did not have money forgotten in the first stage of the SVR may have amounts receivable. The forecast is to release another R$ 4 billion to Brazilians. There will be refunds of fees and credit installments unduly charged, not provided for in Terms of Commitment signed by the bank with the BC, prepaid and postpaid payment accounts closed with available balance, among other situations.

“The new date will be communicated well in advance,” the BC said in a note.

According to the monetary authority, the mobilization of the servers hampered the development schedule of the tool’s improvements. The strike, which lasted from April 1 to 19, was suspended for two weeks. If negotiations with the government for salary readjustments and career restructuring do not advance, employees promise to resume the strike on May 3.

The first phase of redeeming the forgotten money started on March 7th and ended on April 16th, in the last recap. The amounts came from checking or savings accounts closed with available balance or resources from forgotten consortia, for example.

In the initial stage, approximately R$ 3.3 billion was made available to individuals, benefiting 27.3 million CPFs. Among legal entities, 2 million CNPJs benefited, totaling around R$ 4 billion released.

Until April 5th, more than R$ 295 million had been distributed to 3.3 million individuals and 15,800 companies. While most Brazilians found cents at the time of redemption, one customer withdrew R$1.625 million, another discovered R$1.155 million of remaining balance.

In the second phase, another R$ 4 billion will be released to Brazilians. Even those who have already made the query in the first step did not find values, they may still have something to receive. In addition, there will be no need to book in advance.

From the second stage, new sources of funds will be made available:

• Fees improperly charged, not provided for in Terms of Commitment signed by the bank with the BC

• Installments or obligations related to credit operations improperly charged, not provided for in Terms of Commitment signed by the bank with the BC

• Closed prepaid and postpaid payment accounts with available balance

• Registration accounts maintained by securities brokerage companies and securities distributing companies for the registration of closed customer operations with available balance

• Entities in extrajudicial liquidation

• Resources not collected from the FGC (Credit Guarantee Fund)

• Resources not collected from FGCoop (Credit Cooperative Credit Guarantee Fund)