As of October 2nd, checks will adopt a new standard. The measure announced by the Central Bank intends to modernize and provide more security to the use of this payment instrument. According to the monetary authority, the changes will make it more difficult to forge checks. The main change cited by the BC is the transfer of regulation of the standard check model to financial institutions. Until then, it was up to the BC to make this regulation, which defines the characteristics of the adopted model. The adjustments will have to be communicated to BC 30 days before being implemented. The expectation, however, is that significant changes do not occur, since this would represent high adaptation costs. Social name Another novelty is the possibility of using the social name on the checkbook sheets, as is already done in Pix. To do so, the user simply needs to contact their bank. With regard to the Consultative Group for Clearing Matters, the Compe Group, set up to issue an opinion on issues related to the check clearing service, the BC will no longer be a permanent member, starting to have the role of an observer in this collegiate. “The change in the role of the Central Bank will not imply any risk of discontinuing the activities of this group, allowing for greater efficiency by delimiting the direct action of the autarchy in matters that fall within its competence”, justified the BC when informing that the institution’s representative will participate group meetings and activities only when needed. Despite the fact that checks are less and less used (there was a 97% reduction in 27 years), the BC registered transactions of R$ 667 billion through the modality in 2021; and R$666 billion in 2022. More information about the changes that will take effect in October can be obtained on the BC website. To access them, click here.
Agência Brasil
Folha Nobre - Desde 2013 - ©