Second phase of forgotten money: understand how the rescue will work

There is nothing better than finding some forgotten money at the bottom of your pants pocket or wallet. Recently, some Brazilians were similarly lucky and found a value to receive from the Central Bank. In this case, almost 1.6 million citizens are entitled to this rescue, which will require more than R$ 4 billion from the institution's coffers. See below how the second rescue phase will work.

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How do the steps work?

First of all, almost 3 million Brazilians found money for withdrawal in the first stage of the Central Bank's Values ​​Receivable System. Now, in this second phase, R$ 4 billion will be released to both individuals and companies. As of May, the system will be available for queries on amounts left in banks.

For this, unlike the previous phase, it is not necessary to make an appointment, as the redemption will be available in the first consultation on the Central Bank portal. Furthermore, whoever was entitled to withdraw some amount in the first stage may also be entitled to other resources in the second.

In general, when financial institutions close due to recovery or bankruptcy, many people forget or feel that they have no right to the money they had left there. However, this is not true. Including, it is even possible to check values ​​in brokerages.

What will be the sources of May looting?

Basically, Banco do Brasil will have seven types of sources for the next stage of withdrawals, namely:

  • Prepaid/postpaid payment accounts with surplus balance;
  • Fees that were improperly charged or not in accordance with the BC Terms;
  • Entities that are in extrajudicial liquidation;
  • Credit Guarantee Fund;
  • Installments or obligations on credit operations that were improperly charged, which were also not foreseen;
  • Credit Union Guarantee Fund.

In the end, there was a sum of almost R$ 250 million out of a total of R$ 4 billion foreseen for the initial stage of the system.

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