The receivables represent amounts of money that remain idle or forgotten in financial institutions.
Receivables can have various origins and arise in common situations such as:
- Closed bank account balancesThis occurs when an account is closed without all the funds having been withdrawn, which can happen due to a change of bank, migration to digital accounts or even forgetfulness.
- Unredeemed consortium sharesParticipants in closed consortia may fail to redeem their quotas, especially if there is a change of address or lack of communication about the closure of the group.
- Dividends or unclaimed sharesInvestors who lose contact with their brokers or fail to update their registration details can end up leaving dividends and other investment rights unclaimed.
- Reversed fees or charges: In some cases, banks may reverse undue charges. If the customer does not monitor the account, these amounts may remain withheld.
- Uncashed checks or money ordersWhen checks are issued and not cleared or payment orders are not redeemed, the amounts end up stuck in the system.
To make it easier to redeem these forgotten valuables, the Central Bank of Brazil created the Receivables System (SVR)which centralizes information on unclaimed amounts in various financial institutions.
The System of Amounts Receivable (SVR), created by the Central Bank of Brazil, seeks to gather information on amounts forgotten or withheld by clients in various financial institutions, offering a secure and accessible channel for consultation and redemption. This system has become essential for many Brazilians who, due to bank changes, communication problems, or even forgetfulness, end up leaving money idle in closed accounts, consortium quotas, or even unclaimed investments.
The SVR allows any person or company to check for free whether they have receivables. The query is made directly through the Central Bank's official website, in a simple and secure way. On finding an available balance, the system guides the user through the next steps, which may include contacting the financial institution responsible for making the redemption.
The amounts forgotten can be significant, ranging from small bank balances to larger investment amounts, such as dividends or stock rights. This process represents a way of recovering money that was unavailable or idle and, at the same time, promoting greater transparency in financial operations.
The initiative also encourages people to review their financial history, keeping contact details up to date and frequently monitoring their accounts and investments so that amounts don't go unnoticed.