There's an opportunity to earn some extra money and you're not going to let this opportunity pass you by, right? Caixa Econômica Federal released the birthday loot of the FGTS, but, Did you know that it is possible to withdraw money in advance via the app?
The withdrawal is made according to the worker's year of birth and some people have benefited since March this year, However, many Brazilians do not know that it is possible to anticipate receiving the app from FGTS and may receive higher amounts.
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How does the FGTS birthday withdrawal work?
The program authorizes a worker to make a withdrawal from their FGTS account once a year. Around 17 million Brazilians withdrew their money and moved more than 20 million reais into the Guarantee Fund accounts.
The anniversary withdrawal is different from the termination of employment, since the person can choose whether to withdraw the money. However, the worker can cancel the option and withdraw the balance in case of dismissal from the job without just cause.
Although, Citizens can withdraw FGTS to buy their own home, retirement and in cases of serious illnesses provided for by law. Furthermore, the guarantee fund cannot be withdrawn in the event of dismissal for just cause.
How to advance money?
You can request advance payment without leaving home, using the site or FGTS application for android It is iOS. Choose the “Birthday Withdrawal” option and see the amount available, which must be at least R$ 500.00.
However, whoever uses the benefit application, You can advance the equivalent of three FGTS withdrawals. However, this decision could be a little costly, as Caixa charges an interest rate of 1.49% for those who want to pay in advance.
To request the birthday withdrawal, you need to know some rules such as:
- Be over 18 years old or emancipated;
- Have a regular checking or savings account at Caixa;
- Have opted for the birthday withdrawal;
- Have the minimum balance to make the advance payment;
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You can place an order on the Caixa Tem apps or via site from Caixa Econômica. To do this, simply follow the steps listed below:
- Log in to your FGTS account through the app;
- Authorize automatic consultation;
- See the value.
Thus, the early withdrawal is deposited into the holder's current or common savings account. However, it is not credited to Caixa Tem savings and, to do so, the worker must have one of these accounts at Caixa Econômica.
What are the advantages of the birthday withdrawal?
Caixa Econômica Federal created this program to help people who need extra money. Some workers lost their income due to the pandemic and, with this in mind, the bank allowed the withdrawal of FGTS installments from active accounts.
Therefore, citizens can choose the loot to use on different things how to pay the bills, pay off debts, do services around the house or invest in a product. Furthermore, the withdrawal also helps to move the country's economy.
However, interest is charged when paying monthly fees for early birthday withdrawals in three installments. The more a person uses the FGTS, the lower the amount they will receive if they are fired from their job.
What are the disadvantages of withdrawing early?
Anticipating your birthday withdrawal can provide relief for your monthly bills, but it can bring disadvantages for some people. However, there are lower fees charged for hiring and a reduction in the worker's FGTS balance.
Furthermore, it is important to analyze whether it is worth withdrawing the money. The option can be made, but the withdrawal must be made in emergencies and, thus, the installments can be used for the most important and urgent commitments.
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