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Salary portability is actually the process of transferring your salary to another bank of your choice.
It is a right guaranteed by law to workers.
When you start a job, you need to open a bank account to receive your salary. However, many workers already have an account with an institution.
For a long time, this caused some problems, as opening an account was an even more bureaucratic process a few years ago.
However, since 2018, after Circular 3,900/2018, issued by the Central Bank (BC), workers can request salary portability to receive their earnings.
If you want to understand more about the subject, continue reading. We will explain everything about it.
What is salary portability?
Salary portability allows employees of public and private companies to choose the institution where they wish to receive their salary.
In other words, currently, salaries and earnings are transferred from the institution where the worker has the salary account to the chosen destination account.
As you can see, this service is used when the worker receives their salary through an institution, determined by the organization they work for, but already has an account at another bank or wants to open a new one.
So he can receive his salary through this bank.
How does salary portability work?
After receiving your first salary, you can request portability.
It's important to remember that this right is guaranteed to workers. This means the bank cannot refuse to provide this service, even if you have debts.
The process works as follows:
The company you work for will deposit your salary into the account of the institution it chooses (this is the bank with which the company has a specific contract).
But you don't need to worry, as the bank in question will transfer your salary to the bank of your choice.
What are the main advantages of salary portability?
The main advantage is that the request only needs to be made once.
Plus, since you can choose your bank, you'll get better rates.
There is also the possibility of earning online credit or other exclusive benefits.
What are the rules for salary account portability?
The automatic transfer of salary can be requested by the employee.
The account in question must be in your name, even at another institution.
There are no costs in this process, which is known as “salary portability”.
It is also possible to transfer to another account at the same bank, if you already have one.
If you only want to keep your salary account, you need to ask about the access methods negotiated by your employer with the bank.
Is it possible to cancel salary account portability?
This is a very common question among workers.
And the answer is yes! You can cancel the portability service.
And contrary to what many people think, this process isn't that complicated. In fact, it works similarly to the portability request service.
However, depending on the institution, you may have to go to a physical branch to make the cancellation request.
Can people with debts transfer their salaries?
In the salary portability process, the bank will transfer the entire amount (without discounts) to the institution of the worker's choice.
This means that in practice, people who have debts You can make the request, no problem!
However, if you have already authorized the automatic discount with the institution through a contract, the salary will be transferred to another account, but with the discounts made.
"I have debts. Can the bank deduct my salary from my account?"
Banks cannot deduct from your salary in cases of debt, at least not without your consent.
In other words, the bank holding the salary account can only discount loan and financing installments if it has prior and formal authorization.
In any case, this amount cannot exceed 30% of what is received monthly.
In this case, the consumer will receive the salary, with the discount in their current account.
In short, the institution cannot debit debts from a salary account without authorization.
If this amount is deducted without authorization, the bank may even have to pay compensation to the account holder.
There have been cases like this before, where the institution deducted debts directly from the salary account, without prior agreement.
But consumers filed appeals on their behalf. After all, withdrawing any amount from an employee's paycheck account without prior authorization is a violation.
What are the fees charged to customers who exercise portability?
There are no fees charged.
The automatic transfer of resources through salary portability is free of charge.
In fact, in the FEBRARAN website, you can check the fees charged by banking institutions.
Is it possible to receive your salary in a digital account?
Digital banks are gaining preference among Brazilians.
After all, in addition to making some processes easier, they also charge fewer fees. For this reason, many people want to receive their salary in a digital account.
Furthermore, the ease of making financial transactions is also a reason why many Brazilians are giving preference to digital banks.
But after all, is it possible to carry out this portability, that is, receive your salary in your digital account?
Yes, it's possible. In fact, you can complete the entire process through the app itself. This way, you save time and money.
Among the digital banks that have a branch number, checking account, and are considered eligible for salary portability, we can mention:
· Inter Bank;
· Original Bank;
· Neon;
· Next;
· Nubank;
· Agiplan Bank;
· Superdigital;
· BB Easy Account.
Source: Finance One
Conclusion
Salary portability can be an advantageous service.
In fact, if at any point you decide that portability is no longer beneficial for you, you can cancel it without any problem!
We hope that through this article, you have a better understanding of how salary portability works!
For more specific questions, please contact the bank in question.
