See how the Bacen Receivables system works and learn how to consult it to find out if you have any forgotten money.
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Every year thousands of reais in monetary assets are forgotten by their holders in bank accounts, investment accounts and even government bonds because they simply ignore this fact.
Whether due to disorganisation, lack of knowledge or even the death of the holder of these assets, many people find it difficult to search for and request the return of these assets, resulting in the amount of money forgotten increasing every year.
In an attempt to get round this situation, Bacen recently made the Receivables service available, which has made life much easier for people and inventors since all the information is consolidated using the CPF of the asset owners.
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As we'll see later on, this Service Receivables (or simply SVR) makes it possible to identify possible unclaimed or even unexpected financial assets in any bank or financial institution.
And in the event of any amount being discovered, the system provides instructions for recovering this money forgotten by its holders simply and quickly.
And best of all: the enquiry and refund request can be repeated without having to leave your home and waste time.
So read on to find out the details and step-by-step instructions for making enquiries and requesting the return of any money forgotten by Bacen's SVR.
Quick Index:
How receivables work
How does the Bacen Receivables System work?
O Receivables System (SVR) is a free online 100% service created to centralise financial information on inactive bank accounts, investments and other types of financial assets that, for some reason, have been forgotten by their holders.
The platform allows anyone to check if they have a balance to be redeemed in financial institutions or even in old insurance and consortia.
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The consultation is carried out using the CPF or CNPJ, in the case of companies, and the return of the amounts is guided by the system itself, making the redemption process much more agile and secure.
Before the creation of the SVR, locating these assets was a complicated and bureaucratic task that took a lot of time and, in some cases, involved several administrative processes with financial institutions.
Now, with the unification of data by Bacen, this procedure has become faster and more accessible.
How to find out if I have forgotten money
Now you'll need to access the SVR. Follow this step by step:
- Access official website of the Receivables System;
- Fill in the form with the information requested, including full name, CPF, date of birth, etc;
- On the next screen, and if the SVR finds any forgotten money, it will list all the financial institutions and the total amounts they hold.
- For each of the financial institutions where you find amounts receivable, you will see specific information on how to apply for a refund.
In addition, the platform allows executors and heirs to check the values of deceased owners, facilitating the administration of assets and the conclusion of probate proceedings.
It is important to note that in order to carry out this consultation, you must have a power of attorney or be legally authorised to represent the holder.
How not to forget my money
One of the best ways to avoid forgetting money in bank accounts, investments or consortia is to maintain an efficient financial organisation. Here are some tips for avoiding this situation:
Map out your accounts and investmentsList all active accounts, investments, consortia and insurance in your name and keep this document up to date.
Consolidate your financesIf you have many accounts with different banks, consider consolidating everything with one or two trusted institutions. This makes it easier to manage your resources and avoid inactivity.
Cancel accounts and services you no longer use: Closing deactivated current accounts and investments helps prevent forgetfulness and, in some cases, even additional costs with maintenance fees.
Periodically review your assetsAt least once a year, review all your accounts and investments to ensure that everything is properly recorded and in use.
Organisation is the key to avoiding forgotten money. With the new options for opening digital accounts, it's common to have more than one current account and lose track.
So monitor your finances regularly and use the Bacen service as a support tool to ensure that nothing gets left behind.
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Is it worth using SVR?
Absolutely! The Receivables System offers many benefits for citizens, providing quick access to information on forgotten assets in a simplified and free way.
The user experience is intuitive and the process for requesting a refund is very practical.
Even if the amount found is small, as was the case with one of our colleagues who found R$ 0.50 from an old consortium, the ease of requesting redemption is a positive point.
However, like any platform, the SVR is still under constant development and may present limitations, especially for heirs in probate proceedings.
In such cases, it is advisable to consult a lawyer to ensure that all legal procedures are followed correctly.
How can I consult and recover forgotten money from deceased relatives?
Bacen's system can also be used to locate the assets of deceased relatives. Often, heirs and executors have difficulty tracing these assets, especially when the owner didn't leave detailed financial documentation.
To carry out this type of consultation, you must have legal authorisation or power of attorney to represent the deceased.
After accessing the SVR website and entering the information of the deceased owner, the system will consolidate all the assets linked to the CPF consulted and show where they are located.
If there are amounts to be recovered, the next step is to contact the financial institution responsible to start the recovery process. It's worth remembering that, in these cases, the process can take longer due to legal and bureaucratic procedures.
The Future of Receivables: More Transparency and Accessibility
The SVR is a recent initiative and represents a significant advance in the transparency and accessibility of financial services in Brazil.
Bacen continues to work to improve the platform, seeking to integrate new functionalities and expand the number of participating institutions.
This means that, in the future, the system will be able to aggregate even more data, covering other forms of forgotten financial assets, such as loyalty programmes and credit card points.
In addition, it is expected that more tools will be implemented to facilitate the redemption of these amounts, with options for automatic transfers to active accounts, provided they are duly authorised by the holders.
In this way, the SVR will become an even more powerful tool to help citizens recover their forgotten money.
Conclusion
O Receivables System Bacen has come to simplify the lives of citizens and ensure that any forgotten amounts can be recovered in a practical and transparent manner.
If you haven't already checked, it's worth doing so to avoid any assets remaining dormant, especially in the case of heirs or executors.
With financial organisation and the use of tools like SVR, it's much easier to keep track of your assets.
Check now and see if there's any value waiting for you!
