Brazil’s Central Bank Says R$10.55 Billion in ‘Forgotten’ Funds Remain Unclaimed

Overview

• Brazil’s Central Bank, which released February data on Tuesday, reported R$10.55 billion still parked in financial institutions.
• Individuals hold R$8.15 billion across 47.08 million people and companies account for R$2.4 billion across 5.06 million firms.
• The Valores a Receber platform has already returned about R$14.14 billion to users.
• To request money, people must log in at the Central Bank’s Valores a Receber site with a silver or gold gov.br account and use two-step verification.
• The new automatic request feature lets individuals with a CPF Pix key pre-authorize refunds by Pix without filing each claim.
• Most balances are tiny, with 63.17% of people due up to R$10, and banks hold the largest share at R$6.27 billion.
• If the system does not offer a Pix option, users must contact the institution directly to arrange payment.
• The government warns that it never asks for personal data by calls or messages and urges people to ignore refund pitches that request such information.