The government will give another 6 months to withdraw money forgotten in banks

Individuals and companies who missed the deadline to withdraw R$8.6 billion in funds forgotten in financial institutions – which expired on Wednesday (16) – will still have six months to claim the amounts. Information regarding the request for funds will be in a notice published by the Ministry of Finance.

System of Values ​​Receivable (SVR) is a service of the Central Bank (BC), through which it is possible to check whether companies, even those that have been closed, and individuals, including deceased people, have forgotten funds in a bank, association or other institution, If so, learn how to request a refund. In accordance with Law No. 2313 of 1954If the resources are not needed within 25 years, they can be merged into the federation.

The government asserts that this does not constitute confiscation. In the case of amounts currently reported in the SVR of the Central Bank, unwithdrawn resources will be transferred to the Consolidated Account of the National Treasury to comply with the law that compensates for the extension of salary relief for 17 economic sectors and 156 municipalities. It was approved by the National Conference in September.

According to the Ministry of Finance, the new notice will include the amounts collected, the institution that was forgotten, the nature of the deposit, the branch, and the account number.

Deadline 30 days

A period of 30 days will then be set, starting from the date the notice is published, for owners to object to the collection of resources. In this case, the concerned party must contact the financial institutions to recover the forgotten funds.

After this period, persons and companies will still have six months to seek judicial recognition of the right to the trustee, a period that also begins after the notice is published by the Ministry of Finance. After that, the amounts will be collected by the Union.

The Central Bank and the Ministry of Finance have not yet released the balance of the remaining amount to be recovered from the R$8.6 billion that was available as of last Wednesday (16). Of this total, R$6.62 billion refers to amounts not withdrawn by individuals and R$1.97 billion by companies.

After being offline for about a year, SVR reopened in March 2023, with new funding sources, a new scheduling system, and the ability to recover values ​​from deceased people. Until August of this yearBC promoted the return of R$8 billion, out of a total of R$16.6 billion made available by financial institutions.