See how to check your forgotten money and how to request a refund through the Amounts Receivable System.
Adverts
Currently, more than R$ 7 billion is sitting idle and forgotten in some financial institution. This amount includes around R$ 6 billion from individuals and R$ 1.5 billion from companies.
According to the Central Bank, on average, forgotten balances range from smaller amounts such as R$10 to more significant amounts, usually over R$1,000.
And although most people don't have such significant balances, it's important to know that it's possible to locate these forgotten balances easily and request a refund.
Adverts
So, although most of these values are not significantly high, it is crucial to realise that forgotten money is not lost, but can depreciate substantially over time due to inflation.
Today, as we will see in the course of this content, requesting the redemption of forgotten amounts has become a relatively simple process following the Central Bank's initiative to create the Valores a Receber system.
Read on to find out all about Valores a Receivable and, with the increasing number of scam attempts these days, how to be vigilant when checking your forgotten balances with financial institutions and how to request a refund.
Quick Index
Understanding Forgotten Money
The term "forgotten money" refers to funds that, for various reasons, have been neglected or abandoned by their original owners. As these funds sit idle without investment, they gradually lose their real value due to inflation.
You might be interested:
- Voa Brasil's main airlines
- Voa Brasil: How to issue discount airline tickets
- Best investments for 2024
Leaving money idle implies not only the loss of forgotten value, but also the loss of earning opportunities through investments.
How to Recover Forgotten Values
Retrieving forgotten valuables is a relatively simple process, carried out through the Valuables Receivable System (SVR). This service allows you to check if you have forgotten valuables in financial institutions and provides guidance on how to recover them.
It's important to be aware of the scams that are prevalent these days. The only official and secure website is the one provided by the Federal Government and the Central Bank.
To make the enquiry, simply go to the Valores a Receber (SVR) system website, enter your details and then request the transfer of any balances to your current account.
Important: to be able to request the transfer you need to have a Silver or Gold level gov.br account.
Remember that anyone can make the enquiry and that the service is available to individuals and companies.
You will be redirected to another site
Take Care When Redeeming Your Money
With the increasing incidence of scams, it is essential to be cautious when making your enquiries and redeeming amounts. Never pay fees to consult or redeem your forgotten money, as the official service is completely free.
There is no official app for the Valores a Receber system published in the App Store and Google Play. All enquiries must be made via the website listed above.
Money devaluation
Although you won't lose the money you forget, it's important to be aware that leaving money idle results in devaluation. For example, R$ 1,000.00 forgotten could have its value reduced significantly over the years due to inflation, losing much of its purchasing power.
Making Your Money Work for You
Once redeemed, the money must not remain idle. Investing the recovered amount is crucial to ensure that it not only maintains its value, but also grows.
Investments such as CDBs or Treasury Direct can turn modest sums into significant amounts over time, due to compound interest and other forms of income.
Read also: Best investments for 2024
It may also make sense to you:
- Voa Brasil's main airlines
- Voa Brasil: How to issue discount airline tickets
- Best investments for 2024
Conclusion: Seize the Opportunities Available
If you suspect you may have receivables, don't hesitate to check and redeem your money. Use the resources available to you to strengthen your financial health.
Always be vigilant and only use official channels to avoid falling for scams. Forgotten money is money that could be working for you through investments.
FAQ - Frequently Asked Questions
What is forgotten money?
The term "forgotten money" refers to funds that have been neglected or abandoned by their original owners, often in inactive bank accounts.
How can I recover forgotten values?
You can redeem forgotten amounts via the Securities Receivable System (SVR). Simply go to the SVR website, enter your details and ask for the balances to be transferred to your current account.
What precautions should I take when redeeming my money?
It's essential to be aware of scams. Never pay fees to consult or redeem your forgotten money, as the official service is free. Only use the official SVR website for enquiries and redemptions.
What happens if I don't redeem my forgotten money?
Leaving money idle results in devaluation due to inflation. Even if you don't lose the forgotten money, it can lose a large part of its purchasing power over time.
How can I make my money work for me?
Once redeemed, it is important to invest the amount recovered. Investments such as CDBs or Treasury Direct can turn modest amounts into significant sums over time, due to compound interest and other forms of income.
