FGC Opens Claims and Begins Payouts to Banco Master Creditors

Overview

• Requests went live at 9:30 a.m. Brasília time, with individuals applying via the FGC app and companies through the website, and payments are made to the claimant’s own account within up to two business days after validation.
• The operation covers roughly 800,000 creditors with an estimated R$40.6 billion in reimbursements, revised down from earlier projections and representing the largest payout in the fund’s history.
• Coverage applies up to R$250,000 per CPF or CNPJ per institution, with a global cap of R$1 million over four years, and amounts include balances and accrued yields only up to the Nov. 18, 2025 liquidation date.
• The FGC reports R$125 billion in liquidity as of November 2025, which it says is sufficient to honor the Master-related guarantees.
• The fund warns of fraud attempts and stresses the use of official channels only, while the TCU has ordered an inspection of the central bank’s liquidation process and related investigations continue.