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1h ago

FGC Begins Payouts to Banco Master Investors Today

The move follows a weekend rush of claims that strained the fund’s app.

Ao todo FGC prevê restituição para 800 mil pessoas no caso do Master
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Overview

  • Initial payments start for roughly 150,000 completed claims, with reimbursements made in a single installment within the guarantee limits.
  • The fund has logged about 369,000 requests since the window opened, processing around 9,000 per hour after more than 140,000 simultaneous users slowed the app.
  • FGC now estimates about 800,000 eligible investors and a total payout of R$40.6 billion, and reports R$125 billion in available liquidity.
  • Individuals must file through the FGC app and companies via the website or email, and the fund stresses there are no fees, no intermediaries, and no contact by WhatsApp or SMS.
  • The TCU is inspecting the Central Bank’s November liquidation of Banco Master after questions from Minister Jonathan de Jesus about whether the action was premature.