Caixa Econômica Bank opens agencies in Europe for Brazilians who wish to withdraw from their Guarantee Fund

The Federal bank, Caixa Econômica, and the Ministries of Foreign Affairs and Labor & Employment have launched a service to attend request for withdrawals from the Workers' Guarantee Fund (FGTS) for Brazilians living in Europe. The launching ceremonies take place today (May 8) in London, England and Thursday (May 10) in Paris, France. The first agencies to receive requests for withdrawals are located in the Brazilian Consulates General's offices in Brussels, Paris, London and Rotterdam, and the Consular Section of the Brazilian Embassy in Dublin, Ireland.

This service has been available in Japan since 2010 and in  United States since 2011. According to Caixa Econômica, these two countries have already provided more than 2,000 payments, totaling around R$ 12 million. According to Caixa Econômica, Brazilians living in other countries will also benefit from this initiative.

Brazilian workers residing in Europe interested in making a withdrawal from their FGTS may obtain further information on the Caixa website:

The payment will be credited to the employee's account with Caixa Econômica or other bank in Brazil. If the employee does not have a bank account in Brazil, they can appoint a trustee, informing the bank details for the credit, which will be transferred within 15 business days from delivery of the documentation.

09 May 2012