FGC Begins Processing Banco Master Reimbursements, Promises Payment Within Two Business Days

Overview

• Claims opened on Jan. 17, with individuals applying via the FGC mobile app and companies through the fund’s website; payment follows the signed subrogation term and is credited within up to two business days.
• The consolidated payout stands at R$40.6 billion for about 800,000 creditors, revised down from earlier estimates of 1.6 million investors and R$41.3 billion.
• Coverage is capped at R$250,000 per CPF or CNPJ per institution, with a global ceiling of R$1 million over four years; accrued interest is paid up to the Nov. 18, 2025 liquidation date without subsequent correction.
• The app experienced high-demand instability on day one, exceeding 140,000 accesses by noon; the FGC warns of scams and stresses it charges no fees, uses no intermediaries, and does not contact via WhatsApp or SMS.
• The fund reports about R$125 billion in liquidity and says the operation does not pose systemic risk, as investigations and oversight of the Master case continue.