Everything You Need to Know About FGTS Withdrawals
O FGTS withdrawal (Fundo de Garantia do Tempo de Serviço) is a benefit available to Brazilian workers who have active or inactive accounts in the FGTS.
O FGTS It is a reserve fund created by the Brazilian government with the aim of protecting workers in cases of dismissal without just cause, serious illnesses, purchase of a home, retirement, and other situations provided for by law.
Where can I access the Withdrawal?
You may have access to FGTS withdrawal at Caixa Econômica Federal branches, which is the bank responsible for managing the accounts of FGTS in Brazil.
Here are some of the main ways to access it:
Caixa branchesYou can go to a Caixa Econômica Federal branch to withdraw your FGTS funds. Remember to bring a valid identification document, such as your RG (Brazilian national identity card) and CPF (Brazilian taxpayer identification number), as well as your FGTS account number or Citizen Card (if you have one).
Lottery HousesSome FGTS withdrawals, such as the emergency withdrawal, can be made at lottery outlets, provided that the amount to be withdrawn is within the limit allowed for this type of withdrawal.
Caixa ATMsDepending on the withdrawal amount, you can use Caixa Econômica Federal ATMs to withdraw your FGTS (Brazilian severance pay fund). Make sure you have your Citizen Card or bank card.
Caixa Internet Banking and AppFor withdrawals or transfers from your FGTS (Brazilian employee severance fund), you can use Caixa's internet banking services or app, provided you have an account with the institution.
Transfer to Another Financial InstitutionIf you prefer, you can transfer your FGTS (Brazilian employee severance fund) amount to an account at another bank. To do this, you will need to follow the procedures established by Caixa Econômica Federal (Brazilian bank).
Automatic Withdrawal from Checking AccountIf you have a checking account at Caixa, in some cases, the FGTS funds may be automatically transferred to that account.
How to apply
To request the FGTS withdrawalThere are several ways to do it, but it largely depends on the circumstances.
Therefore, our team has prepared a super easy-to-read piece of content that allows you, our reader, to have all your questions answered.
Remember that currently there are several ways to access your FGTS (Brazilian employee severance fund), so it's worth checking each detail and each option.
See now a complete guide on how to obtain FGTS withdrawals in various modalities and who is actually entitled to these funds.
