Worker may authorize banks to check FGTS account statement
Caixa service allows data sharing for up to 90 days
The Caixa Econômica Federal (Fed) on Tuesday allowed workers to authorize financial institutions to consult information from the Service Time Guarantee Fund (FGTS). The service can be used to prove income or employment ties in financial transactions.
With the novelty, the worker no longer needs to download, print and deliver the FGTS statement to the bank or financial institution. The information is consulted directly at the base of the fund, provided that there is express authorization from the account holder.
According to Caixa, the measure seeks to make proof of income and work bond more practical and safe, as well as reduce the risk of filing tampered with documents or with inconsistent information.
Among the main features of the service are:
Free of charge: there is no charge for the authorization;
Worker choice: the holder defines which institutions can consult the data;
Term: the authorization is valid for 90 days;
Cancellation: the permission can be revoked at any time;
History: Authorised institutions can consult deposits from the last 12 months;
Privacy: the service does not allow you to check the total balance of the account.
How it works
The authorization is free and can be done by the FGTS application or in person, at a Caixa agency. The worker can choose which financial institutions will be able to consult the data.
The permission is valid for 90 days and can be cancelled at any time. With the authorization, qualified institutions will be able to access the history of deposits made in the last 12 months.
Access allows banks to verify information related to the work relationship and the income declared by the client, assisting in the risk assessment and fraud prevention.
The service allows you to consult specific information of the account linked to the FGTS, but does not free access to the total balance of the worker. This information remains available exclusively for consultation of the holder by the FGTS application.
Enabling banks
To use the tool, financial institutions must first be enabled by the Cash Register. The request must be sent by corporate email to the address [email protected], accompanied by the documentation required in the Operational Manual.
After the qualification, the institution becomes part of the list of financial agents that can be authorized by workers.
Financial Inclusion
According to the Fund, sharing information directly from the FGTS base may also contribute to financial inclusion.
With more reliable data on income and employment, financial institutions can better assess the profile of customers and offer services more suited to their needs.
The manual with the guidelines for institutions is available on the Caixa website, in the downloads section, and on the FGTS portal, in the highlights area, under “Consult FGTS Extract”.
