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If you had an account at a bank that underwent liquidation, there may be an amount waiting for you. Find out how to withdraw your share of the millions made available by the FGC.
If you were a customer of a bank that the Central Bank (BC) liquidated extrajudicially, you may have funds to receive. The Credit Guarantee Fund (FGC) has a balance of R$ 119.83 million to be distributed among the customers of these banking institutions.
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The Central Bank (BC) proceeded with the liquidation of BRK and Portocred banks in February 2023. The decision came after the BC examined the companies' financial position and detected flaws in their operations that put their creditors at risk. As a result, the BC closed the operations of these banks and removed them from the National Financial System (SFN).
How did the liquidation of these banks take place?
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CHB faced a similar process in March 2021, resulting from violations of regulatory rules and high indebtedness. Even two years after this event, R$4.9 million is still pending for 142 investors.
On the other hand, for BRK and Portocred, the amounts to be claimed are R$ 72.65 million and R$ 42.28 million, respectively.
But how can these amounts be withdrawn?
To make the withdrawal, you need to download the FGC app (available for Android and iOS) and click “Request guarantee”.
Thus, to finalize the request, the customer must attach a copy of their ID card or driver's license, take a selfie for identity confirmation, provide bank account details for the transfer, and sign the Subrogation Agreement.
About the Credit Guarantee Fund (FGC)
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The FGC, as its name suggests, guarantees the reimbursement of amounts invested in financial institutions in cases of bankruptcy or action by the Central Bank. The fund covers amounts of up to R$250,000 per CPF or CNPJ, per financial institution.
However, there is a limit of R$1 million every four years for each CPF or CNPJ. Its scope covers products such as checking accounts, savings accounts, Bank Deposit Certificates (CDB), Bank Deposit Receipts (RDB), Mortgage Credit Bills (LCI), and Agribusiness Credit Bills (LCA).
