How to operate the 'bring money' function in Open Finance?

Explore Banco Inter's Open Finance, a feature that allows customers to transfer funds from different banks directly to their Inter accounts.

In the digital age we live in, the way we manage our capital and interact with banks is constantly changing.

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In this context, Open Finance develops as an advanced version of Open Banking, focusing on the exchange of not only banking information, but also financial and non-financial information.

Banco Inter, in line with industry innovations, has introduced its innovative “bring money” feature, enabling its users to transfer amounts from different institutions directly to their Inter accounts. But how does this feature work? Let’s take a look!

Understand how Inter's Open Finance works

Open Finance expands alternatives for consumers by bringing together operations from multiple banks in a single space. At Banco Inter, this innovation allows users to make payments from other banks in a simple and secure way, all through the app.

Therefore, for those who want effective financial management, this is a real transformation: having a global view of all accounts and expenses, regardless of the bank they are from. For those who value privacy, there is excellent news: joining Open Finance at Inter is completely voluntary. Therefore, if the user decides, they can cancel their participation whenever they wish.

How to use the tool?

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  1. Access the app: Launch the Banco Inter app (Android and iOS). In it, select the Open Banking option and then “Learn more”;
  2. Bank Selection: Specify which bank you will debit the money from;
  3. Determine the amount: Specify the sum to be transferred;
  4. Verification and approval: After verifying the transaction information, wait for confirmation via i-safe;
  5. Redirection: You will be redirected to the source bank's app to validate and approve the information;
  6. Conclusion: Return to the Inter app and check the details of the transaction. You will soon receive a notification and an email confirming the transaction.

It is crucial to mention that this functionality is only accessible to individuals (PF).