How to advance your FGTS withdrawal via cell phone: Easy step-by-step guide

The Severance Indemnity Fund (FGTS) is a labor right guaranteed to all formal workers in Brazil. It consists of a monthly deposit made by the employer into an account linked to the employee. This fund is used in specific situations, such as purchasing a home, retirement, unfair dismissal, and other circumstances provided for by law.

For many people, the FGTS (Severance Fund for Severance Indemnity) is an important financial reserve, and in certain situations, such as economic crises or urgently needed funds, it's possible to withdraw funds early. Previously, this process involved going to a Caixa Econômica Federal branch or lottery outlet to request an early withdrawal, which could be quite bureaucratic and time-consuming.

How to Request an Early FGTS Withdrawal

The process for requesting an FGTS Withdrawal Advance is relatively simple and may vary depending on the financial institution you choose. Generally, you'll need to follow these steps:

Choosing a Financial Institution

First, check which financial institutions offer FGTS advance payments. Research the companies' terms, rates, and reputation to make a safe and profitable choice.

Simulation and Evaluation

Before submitting your request, run a simulation to check the amount available for advance payment and the conditions offered. Carefully evaluate whether this is the best option for your financial situation.

Required Documentation

Provide the documentation requested by the financial institution. Typically, you'll need your ID, CPF, proof of residence, and information about the bank account where you wish to receive the funds.

Request

With your documentation in hand, request an early withdrawal. The process can be completed in person at a bank branch or online, depending on the institution you choose.

Cell Phone Receipt

Once your request is approved, the amount will be transferred to the bank account you provided, and you will receive a notification on your cell phone confirming the availability of the funds.

Other ways to advance FGTS withdrawals via cell phone

With the advancement of technology and the growth of mobile internet access, Caixa Econômica Federal has launched a service that allows workers to quickly and easily withdraw their FGTS funds early, directly from their cell phones, through the official Caixa app. In this guide, we'll provide an easy step-by-step guide on how to withdraw your FGTS funds early via your cell phone.

Step 1: Access the Caixa App

The first step to advance your FGTS withdrawal via cell phone is to download and access the official Caixa Econômica Federal app. The app is available for both Android and iOS devices and can be found in the respective app stores (Google Play and App Store). Be sure to download the official app to ensure the security of your data and transactions.

Step 2: Login or Register

After installing the app on your phone, open it and log in with your Caixa bank details. If you haven't already, you'll need to create an account by entering the requested information, such as your PIS/PASEP number, CPF, full name, date of birth, and other personal details. Then, create a secure password to ensure your information is protected.

Step 3: Check the Possibility of Early Withdrawal

After accessing the app and logging in, check if you can withdraw your FGTS funds early. Not all workers are eligible for this option, as the government establishes certain rules and criteria for this type of withdrawal. Generally, withdrawals are available in specific situations, such as emergencies, public calamities, or other situations provided for by law.

Step 4: Inform the Reason for Advance Payment

If you're eligible for an early withdrawal of your FGTS, the next step is to explain why you want to withdraw your FGTS. It's important to provide accurate and truthful information so that Caixa can properly analyze your request.

Step 5: Choose the Advance Payment Modality

The app offers several options for early withdrawals of your FGTS. Some of the main options are:

Early Withdrawal: This option allows you to withdraw your FGTS (Fund for Severance Indemnity Fund) early in cases of unfair dismissal. In this scenario, the dismissed employee can access a portion of their FGTS balance before the normal withdrawal deadline, which can be very helpful in times of financial hardship.

Home Purchase Advance: The FGTS can also be used as part of the down payment for a home purchase. In this modality, the worker can withdraw their FGTS early to supplement the amount needed for the property purchase.

Advance Payment in Case of Public Calamity: In situations of natural disasters, such as floods, earthquakes, or other calamities, workers may be entitled to advance withdrawal of their FGTS funds to assist in recovering from damages caused by these events.

Early Retirement: In some specific cases, workers who are close to retirement may be entitled to advance part of their FGTS balance to use as a supplement to their income after retirement.

Step 6: Enter the Necessary Data

After choosing the advance payment option, you'll need to provide the information requested by the app. The information may vary depending on the option chosen, but generally includes information such as your PIS/PASEP number, CPF, proof of address, documents related to the emergency or disaster, and more.

Step 7: Wait for the Box Analysis

After providing the necessary information, Caixa Econômica Federal will review your request for an early FGTS withdrawal. The review process may vary, but Caixa generally strives to respond as quickly as possible.

Step 8: Receive Approval and Make Withdrawal

Once your request is approved, you'll receive a notification in the app informing you that your FGTS advance withdrawal has been approved. At that point, you can go to a Caixa Econômica Federal branch or lottery outlet to withdraw the advance amount.

How to withdraw your FGTS anniversary

To withdraw FGTS funds using the anniversary payment method, workers must follow certain steps. It's important to remember that the anniversary withdrawal method is optional, and by opting for it, workers forgo the right to withdraw the entire amount in the event of unfair dismissal. They can only withdraw a portion of the available balance annually in the month of their birthday.

Below, I present a step-by-step guide to withdrawing your FGTS in the anniversary mode:

Step 1: Access the Caixa Website or App

The first step is to access the official Caixa Econômica Federal website or download the “FGTS” app available for Android and iOS mobile devices.

Step 2: Login or Register

If you're already registered on the Caixa website or app, simply log in using your CPF number and registered password. If you're not already registered, you'll need to create an account by entering the requested personal information and creating a password.

Step 3: Choose the “Anniversary Withdrawal” Option

After logging in, go to the "Birthday Withdrawal" option and click on it. This option can be found on the website's home page or in the app menu.

Step 4: Read the Information and Terms

It's essential to carefully read the information and terms related to the anniversary withdrawal before proceeding. This step will detail the rules, available withdrawal amounts, and the implications regarding the total withdrawal in the event of unfair dismissal.

Step 5: Confirm your Choice

If, after reading the information, you decide to proceed with the anniversary withdrawal, confirm your choice on the website or app. You'll usually need to re-enter your CPF number and password to confirm your choice.

Step 6: Follow the Withdrawal Calendar

From this moment on, you'll be eligible to withdraw your FGTS (Finance Fund) on your anniversary payment. Withdrawals can be made annually, always in the month of your birthday, and the withdrawal schedule is set by Caixa Econômica Federal. Pay attention to the dates to avoid missing the withdrawal deadline.

Step 7: Choose the Payment Method

On the withdrawal date, you can choose how to receive the funds available in your FGTS. There are several options, such as a transfer to a bank account at another financial institution, a deposit into a Caixa savings account, or a withdrawal at a Caixa Econômica Federal branch.

Step 8: Make the Withdrawal

Finally, to make a withdrawal using the anniversary method, simply follow the instructions presented on the Caixa website or app or go to a Caixa Econômica Federal branch with the personal documents required to carry out the transaction.

Remember that the balance available for withdrawal in the anniversary mode is calculated based on the total FGTS amount, plus any earnings earned over the years. Therefore, the higher the available balance, the greater the amount you can withdraw annually in the month of your birthday.

See also: Minha Casa Minha Vida: See the step-by-step guide on how to finance your property

Which banks offer loans with FGTS guarantee?

Regarding banks that offer FGTS Anniversary Withdrawal loans, some financial institutions offer this option to workers who have signed up for the FGTS Anniversary Withdrawal program. Below, I provide some information about these banks and their respective conditions for early Anniversary Withdrawals:

Banco Pan (partnership with Serasa Crédito)

Banco Pan offers the option of early withdrawal of the FGTS Anniversary Withdrawal in partnership with Serasa Crédito. To advance the withdrawal, the available balance in the FGTS account must be greater than R$$300.00. The application process is 100% online, and workers can advance up to 7 installments of the fund. An interesting feature is that even those with CPF restrictions (negative) can access this loan option.

Bank of Brazil

Banco do Brasil also allows early withdrawal of the FGTS Anniversary Withdrawal, allowing you to advance up to 5 installments of the available FGTS amount. The FGTS withdrawal balance can reach up to R$1,000,000, and is paid in a single installment. Interest rates range from R$2.861 to R$5.681 per month, depending on credit approval criteria and the agreement with the client's employer.

Federal Savings Bank

Caixa Econômica Federal, as the FGTS operating agent, also offers the option of early withdrawal of the FGTS Anniversary Withdrawal. Workers can advance up to five installments of the Anniversary Withdrawal, but it's important to note that the withdrawal must be made at a physical branch of the bank. 

If the request is made through Caixa's digital channels, such as CAIXA Internet Banking, CAIXA Mobile Banking, and the CAIXA Tem App, the maximum loan term is three years. The minimum advance payment is R$1,400,500, and interest rates may vary depending on the date and bank policies.

Santander

At Santander, early withdrawal of the FGTS Anniversary Withdrawal is also an option. The monthly interest rate starts at R$1.691, and workers can advance up to five FGTS installments. The minimum amount for withdrawal is R$1.450, and requests can be made through the bank's website, app, or Customer Service Center.

It is important that workers who wish to advance their FGTS Anniversary Withdrawal carefully check the conditions offered by each bank, including interest rates, payment terms, and amounts available for advance withdrawal.

Withdraw your FGTS early and get out of the red!

Withdrawing your FGTS funds early via cell phone can be a practical and quick solution for obtaining funds in times of need. However, it's important to remember that this option isn't available to all workers, and that there are specific rules and criteria for each type of withdrawal.

Additionally, it's essential to use the official Caixa Econômica Federal app to ensure the security of your transactions and personal data. If you have any questions about the FGTS withdrawal process via mobile phone, we recommend contacting Caixa Econômica Federal through the customer service channels available in the app or on the bank's official website.

It's worth noting that early withdrawal of FGTS funds is an option for specific and emergency situations. Therefore, before making this decision, it's important to carefully evaluate the real need for the advance and, if possible, seek alternative financial resources.

August 21, 2023