Until the end of October, Brazilians had not withdrawn R$8.72 billion in resources forgotten in the financial system, the Central Bank (BC) announced this Friday (6). According to the most recent update, the Receivable Value System (SVR) returned R$8.69 billion, out of a total of R$17.41 billion made available by financial institutions.
On October 16, the forgotten resources were transferred to the National Treasury and await the publication of a notice with the new rules for withdrawal. If the money is not required within the next 25 years, it will be definitively incorporated into the Union’s assets.
SVR statistics are released with a two-month lag. Despite the transfer to the Treasury, the statistics will continue to be updated. Data for November, the first month after the money was transferred, will only be presented on January 7th.
In relation to the number of beneficiaries, by the end of October, 26,940,967 account holders had redeemed amounts. Although the mark approaches 27 million, this represents only 37.3% of the total 72,293,863 account holders included in the list since the start of the program, in February 2022.
Among those who withdrew amounts by the end of October, 24,896,783 were individuals and 2,044,184 were legal entities. Among those who have not yet made the redemption, 41,565,040 are individuals and 3,787,856 are legal entities.
Most people and companies that have not withdrawn are entitled to small amounts. Amounts receivable of up to R$10 account for 63.31% of beneficiaries. Values between R$10.01 and R$100 correspond to 24.71% of account holders. Amounts between R$100.01 and R$1,000 represent 10.12% of customers. Only 1.86% are entitled to receive more than R$1,000.
After being offline for almost a year, the SVR reopened in March 2023, with new sources of funding, a new scheduling system and the possibility of recovering values from deceased people. In October, R$401 million were withdrawn, an increase compared to the previous month, when R$396 million had been withdrawn.
The increase occurred after the approval of the law that established the transfer of forgotten values for the National Treasury to compensate for the extension of the payroll tax exemption until 2027. The approximately R$8.7 billion will make up the R$55 billion that will enter the government’s treasury to cover the extension of the benefit.
Improvements
Despite the suspension of withdrawals, the SVR continues to operate for consultations. The current phase of the SVR has had important expansions, such as screen printing and request protocols for sharing on Whatsapp and the inclusion of all types of values provided for in the SVR standard. There is also a virtual waiting room, which allows all users to make the appointment on the same day, without the need for a schedule based on the year of birth or the company’s founding.
In addition to these improvements, there is the possibility of consulting the values of a deceased person, with access for the heir, executor, executor or legal representative. As with consultations with living people, the system informs the institution responsible for the value and the value range. There is also more transparency for those who have joint accounts. If one of the holders requests the redemption of a forgotten amount, the other, upon entering the system, could see the information: such as value, date and CPF of the person who made the request.
Expansion
Since September, the BC has allowed closed companies to consult values in the SVR. The redemption, however, could not be done through the system, with the legal representative of the closed company sending the necessary documentation to the financial institution.
As the company with an inactive CNPJ does not have a digital certificate, access was not possible before. This is because queries to the SVR are made exclusively through the Gov.br account.
Now the legal representative can log into the SVR with their personal account Gov.br (gold or silver type) and sign a liability waiver to check the values. The solution applied is similar to access to consult the values of deceased people.
Sources of funds
In 2023, forgotten sources of funds that were not in the 2022 batches were included. Closed prepaid or postpaid payment accounts, registration accounts maintained by closed brokers and distributors, and other resources available at institutions for return were added.
In addition to these sources, the SVR includes the following amounts, already available for withdrawal last year. They are as follows: closed checking or savings accounts; capital quotas and apportionment of net surpluses of former credit union participants; unsought resources from terminated consortium groups; tariffs charged incorrectly; and installments or expenses of credit operations charged unduly.
Scams
The Central Bank advises account holders to be careful with fraudsters who claim to make the intermediation for supposed rescues of forgotten values, even with the interruption of withdrawals. The organization emphasizes that all Valors a Receivable services are completely free, and that it does not send links or contact you to discuss amounts receivable or to confirm personal data.
The BC also clarifies that only the financial institution that appears in the Receivable Values System consultation can contact the citizen. The agency also asks that no citizen provide passwords and clarifies that no one is authorized to make this type of request.
