Workers may authorize banks to consult FGTS extracts; see how

Caixa Econômica Federal now allows workers to authorize banks and other financial institutions to consult extract data from the Service Time Guarantee Fund (FGTS).

The new feature began operating on Tuesday (10). With the service, the worker no longer needs to deliver the printed statement to the authorized institutions, as long as they authorize the consultation.

The query is made directly in the FGTS database, but depends on express authorization from the account holder.

How to authorize banks to consult the FGTS statement?

Authorization can be done free of charge via the FGTS app or in person at a Caixa branch.

The worker can choose which financial institutions will be allowed to consult the information on their account linked to the fund.

After authorization, banks authorized by Caixa will be able to access the history of deposits made in the last 12 months.

Will the bank have access to the entire FGTS balance?

No. The tool allows you to consult specific information about the FGTS account, such as deposit history, but does not allow you to consult the total balance accumulated by the worker.

The total balance remains available for consultation only by the worker himself in the FGTS application.

How can banks use the information?

The information can help financial institutions confirm data related to the employment relationship and income declared by the client.

With this, banks can use the records as additional information in assessing the risk of financial operations and preventing fraud.

Can all banks now consult the FGTS?

No. Before offering the service, financial institutions must be authorized by Caixa.

To do this, they must send a request via corporate email to the address [email protected], accompanied by the documentation required in the tool's Operational Manual.

After authorization, the institution becomes part of the list of financial agents that can receive authorization from workers.