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Understanding the period the bank takes to deposit the birthday withdrawal into the account is vital when deciding whether to choose this FGTS payment method. For many, this choice really needs to be worthwhile. However, since not everyone is aware of how the payment works or how long it remains available, we created this material to clarify these questions.
Keep reading this text to better understand how this payment works!
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How long does it take for the FGTS birthday withdrawal to be deposited into the account?
First, it is essential to understand that the birthday withdrawal is paid only during the worker’s birthday month. Therefore, this is precisely why this FGTS withdrawal option is given this name. Payments are always made in the account holder’s birthday month, with the aim of simplifying the transfer of the amount.
In fact, with millions of workers able to choose this payment method, this arrangement proves quite convenient.
However, many wonder how long it takes for the birthday withdrawal to be deposited into the account once the respective month begins.
Basically, the money is allocated 15 days before the worker’s birthday month. However, this does not mean that the individual will receive the payment instantly as soon as the month begins. The money may take approximately 5 business days to be deposited into the account. In other words, if you celebrate your birthday in December and opted for the payment, you should wait until the fifth business day of the month to have the amount in your account.
It is also worth noting that there is no precise time for the payment to be made. The time may vary from one case to another, especially considering that different financial institutions may be involved.
How long does the money remain available?
If you opted to withdraw your money into a Caixa account, be aware that it remains available for withdrawal for up to three months. This means that, if you receive it in your account on the first day of March, on the first business day of June, it will return to your FGTS account.
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This is the period available from the moment the birthday withdrawal is deposited into the account until it returns to the FGTS.
It is crucial to emphasize that, when this happens, that is, when there is this return, the worker does not suffer any loss. The payment was simply not withdrawn and returns to the account holder’s FGTS account.
Therefore, if you have seen news claiming that this money is “lost” after three months without withdrawal, be aware that this is untrue. Although it is not possible to withdraw it after three months, this does not mean that you lost the amount. It simply returned to your FGTS account.
Therefore, in addition to understanding how long it takes for the birthday withdrawal to be deposited into the account, do not forget to observe the deadline for the withdrawal, okay?
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