Overview
- The deposit insurance fund said clients of Banco Master, Banco Master de Investimento and Letsbank can now file claims, with individuals using the FGC app and companies using the website from 9:30 a.m. Brasília time.
- The payout tied to the liquidation is estimated at about R$ 41 billion, with reimbursement limited to R$ 250,000 per eligible claim.
- Experts say the fund has sufficient liquidity to cover claims, though actual transfers depend on the interventor completing the official creditors’ list.
- A clause agreed in May capped the maximum remuneration on Master CDBs at 100%, which helped prevent an even larger bill for the FGC.
- Analysts expect returned retail money to shift toward safer assets such as Tesouro Selic and large-bank products, and regulators are discussing risk-sensitive FGC contributions and tighter oversight of digital distribution platforms.