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Opening an account with Caixa Econômica Federal is a simple and accessible process, offering you a gateway to a variety of financial services. First of all, it is important to know that Caixa does not require a minimum amount to open a savings account.
This makes Caixa an attractive option for those looking to start their financial journey with flexibility and security. Furthermore, it is essential to be aware that if the account remains inactive for more than six months without a balance, the bank may automatically close it.
See More: Which properties are included in the My Home My Life program?
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Documentation required to open an account at Caixa
To open your account, the first step is to prepare the necessary documentation. Make sure you have your CPF and an up-to-date proof of residence (no older than 60 days) on hand. With these documents, go to a Caixa branch. There, an attendant will guide you through the account opening process. It is crucial to read the contract carefully before signing, ensuring that you understand all the terms and conditions.
Opening process and income
After submitting your documentation and signing the contract, Caixa will validate your account and send you the debit card. Therefore, it is worth noting that the return on savings accounts at Caixa is linked to the SELIC rate. For accounts opened after May 4, 2012, the return is 0.5% per month if the SELIC rate is higher than 8.5% per year. If the SELIC rate is equal to or lower than 8.5%, the return will be 70% of the target rate. This information is important to understand how your money can grow in your savings account.
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Opening an account with Caixa is a straightforward and straightforward process. With the right documentation and a clear understanding of the terms, you can start your financial journey with one of the largest banks in the country. Remember, Caixa offers a range of financial services and products, making it an excellent choice for your banking needs.
