In the past, it was common for financial institutions to make undue charges. Or until consumers forgot the money in their bank accounts. Therefore, the Central Bank returns money from inactive accounts. In other words, the institution announced on its website that it will return these amounts to people. In fact, most of the people who will receive it are individuals, not companies. 

In this sense, the Central Bank will release a type of tool that allows you to consult the amounts receivable. Most Brazilians do not even know that they are entitled to receive these amounts. Therefore, the Central Bank reported that there are more than 26 million Brazilians who can receive money. Furthermore, there is about R$8 billion to return.

So, read now everything about the Central Bank’s action to return money. Check out!

Firstly, it is important to explain what money the Central Bank is returning. In this sense, the money that the Central Bank returns comes from inactive accounts. In other words, money that was forgotten in bank accounts or even undue charges. Therefore, money that could no longer be consulted by customers.

Furthermore, it is worth remembering that 26 million who will receive the money are individuals. The other 1.9 million are CNPJs, that is, legal entities. 

Furthermore, of the R$8 billion that will be distributed, the government will divide it into some amounts. In other words, initially 24 million individuals and legal entities will receive R$3.9 billion. In this sense, the money comes from inactive accounts, undue charges, surplus quotas from credit union participants and also resources related to consortium groups. 

Furthermore, the rest of the amount distributed will come from fees charged incorrectly, accounts closed with an available balance and some other situations.

Basically, to recover money from inactive accounts, the Central Bank will provide a consultation tool. This way, customers can check the amount they can receive. In addition, you will also be able to find information on how to withdraw this money. 

In short, to recover the money you will need to register with the Receivable Amounts System tool. To do this, simply access the website, fill in basic information and register. After this phase, you will find out if you have any money available. If so, you need to log in to another platform: Registrato. In this sense, it is through this platform that you will be able to transfer the amount.

Firstly, we will explain how the Central Bank tool, the Receivable Values System (SVR), will work. In fact, when the platform was launched there were so many hits that the page was taken offline. Therefore, the tool will only be available for use again from February 14th.

Therefore, to request transfers, both legal entities and individuals need to wait until March 7th. From that date on, it will be possible to schedule the receipt of the money.

In this sense, see the step-by-step guide to carry out the consultation from February 14th:

From there, if you have any amount available, it will appear on the platform. Therefore, you will need to access the portal to understand which bank your money is in. This way, you can request the transfer on March 7th.

As we have already mentioned, the Central Bank returns money from inactive accounts. Therefore, if you want to find out if you have money to receive, you need to access the Receivable Values System platform. 

In short, this system carries out consultations with the Central Bank. Therefore, you can find out if you have any money available from financial institutions. In fact, this money comes from inactive accounts and even undue charges. This way, the platform shows you the name of the bank, the amount and will also show you how to make the return.

Furthermore, registering on the platform is very simple. But remember that it will only be available from February 14th. As well as the deadline for transfers, which will only be available on March 7th.

Finally, on February 14th, if you carry out the consultation and discover that you still have money to redeem, how will you receive it? To do this, simply log in to Registrato, another Central Bank platform. This way, you can receive the return directly via Pix within 12 business days. 

However, there may be exceptions in which the bank makes the refund via TED or DOC. Therefore, this could be an alternative if you don't have Pix. Furthermore, it may also happen that the bank does not adhere to the Central Bank Term. If this happens, you will need to contact the financial institution directly to arrange a refund.

Furthermore, now that you know everything about this subject, have you thought about doing financial planning? In the recommended article below, we talk about planning tips for 2022. Read it now and check it out!