Before talking about portability of salary with debt, it is important to say that portability is very useful for those who receive the money in an account other than the usual one. This happens because companies usually have ties with banks. However, not always the salary account is the same as the current account, right? Therefore, there is salary portability.

And the best: it is absolutely free. If you receive your salary at bank Y, but your current account is at bank X, bank Y is obliged to transfer the money at no additional cost. However, a doubt that many people have is whether the service also works for those who are in debt. 

This issue exists due to the resistance of some banks to portability. This happens because the bank wants to keep the person using its services and payments. In this way, they end up complicating the process. 

In this sense, one of the biggest reasons for financial institutions to deny or hinder the request for portability is debts. There are even some banks that withdraw a portion of the loan installment directly from the salary. However, this practice can only happen with the authorization of the client.

So, to clarify all this service, we will explain how to carry out salary portability with debt. Continue reading and check it out!

First, we need to understand the source of these debts that make it difficult to carry salary with debt. Most of them come from payroll loans. This type of credit is when the installment is paid through salary or INSS benefit. Thus, the bank automatically debits the portion of the salary. 

Due to the guarantee of payment, payroll loans can have lower interest rates and faster contracting. 

So, if your payroll loan is with the salary account bank, it is common for it to make portability of salary with debt difficult. However, that doesn't make a lot of sense. If you get the credit in your salary account, the money arrives in the account you carried out with a discount. 

Again, this discount can only be made with the customer's authorization. Otherwise, it is necessary to talk to the bank and check the possibilities of debiting the installment.

Well, let's understand how portability actually works.

Salary portability is a consumer right. Any employee with a salary account is entitled to request portability. This service is nothing more than the transfer (TED) of your salary from one account to another. Once done, the salary falls into your final destination account on the same day. 

Pay attention: portability is free 100%, the bank cannot charge fees for this service.

The biggest advantage of asking for this portability is that you are not stuck with a salary account just because of the debt. You can use your preferred bank normally and pay off the debt of the old financial institution.

Also, transferring your salary to a bank helps you build a relationship with the financial institution. Debt salary portability can provide customers with several benefits, such as exemption from the current account maintenance fee and also lower interest rates.

To carry out salary portability with debt, the usual process must be carried out. That is, as soon as you receive your payment, ask for portability to the destination bank. Therefore, the bank where you have a checking account and always use it. This process usually takes 5 working days. Therefore, if you ask for it in January, February's salary will already fall into the right account.

Remember, salary portability is a consumer right. This way, the bank cannot deny the transfer request. And as we mentioned earlier, you also cannot automatically charge installments without notifying the customer.

Another important point, even if you get fired, there's no problem. Normally, the amount received in the termination ends up being used to pay off what is still owed. The benefit is that, in this case, you still receive a discount on interest. Due to the advance payment of the payroll loan.

To carry out your salary portability with debt, you will need some documents. In addition to company identification documents (such as CNPJ). When requesting the transfer, also have the following documents in hand:

In addition, the bank may ask for information such as date of birth and telephone number.

Salary portability is a right. For this reason, anyone who is employed and has a salary account can apply for one. Even if you are in debt. Even the debts we mentioned today are payroll loans.

Only INSS beneficiaries, public servants and employees of partner private companies can take out this type of loan. However, INSS retirees and pensioners do not have the option of making a salary account. Therefore, they should receive the benefit directly into their checking account.

Finally, salary portability with debt is possible and very worthwhile. Because you improve your relationship with the bank of your choice and your employer continues to deposit your salary in the same account. Now that you know everything about salary portability with debt, check out this other article. In it we talk about what to do with your first salary.