FGC Pays R$26 Billion to Banco Master Clients, Issues Fraud Alert as Will Bank Joins Claims

Overview

• About 521,000 beneficiaries have received indemnities, covering roughly 67.3% of eligible clients so far.
• The fund reports processing around 2,800 requests per hour through its app as reimbursement continues.
• FGC cautions against fake messages, links and apps and reiterates that no advance payments are required to receive guarantees.
• Technical teams say the platform is scalable and under constant monitoring to handle heavy demand despite user reports of slowness.
• With Will Bank now included in the liquidation, total payouts are expected to reach roughly R$47 billion, with coverage capped at R$250,000 per eligible application.