Through the birthday withdrawal, which is carried out once a year, it is possible to bring forward three years of withdrawal from FGTS accounts.
The Employee Severance Fund (FGTS) allows its beneficiaries to withdraw annual amounts through the birthday withdrawal which, as the name suggests, can only be made in the month of the employee’s birthday. However, Caixa Econômica Federal informed that it is possible anticipate this withdrawal from the FGTS by up to three years.
Withdrawals can be carried out on both active and inactive FGTS accounts. The anticipation is made thanks to loans that receive as guarantee the values of withdrawal-birthdays of the following years.
It is important to point out, however, that by adhering to the withdrawal-birthday option, the worker will no longer have the right to withdraw the total FGTS balance upon being dismissed. Thus, he will only receive the 40% fine which is on the value of the balance of the FGTS deposited by the company.
How to anticipate the withdrawal of the FGTS?
The first step to anticipate the withdrawal-birthday is to join the referred modality. To do this, access the FGTS app (available for Android and iOS). Afterwards, it will be necessary, through Caixa on the FGTS application or website, to authorize the “Anniversary Cash Loan”.
After authorization of the loan by Caixa, you must make the request through the bank’s own app. Follow the step by step:
- Access CAIXA Internet Banking;
- Select the option “Credit” and then “Loan Advance Withdrawal Anniversary”;
- Click on the “simulate” option and check the available amounts, interest rates and loan conditions;
- Check your registration information and confirm the data;
- Enter the application password and select “confirm”.
In this way, the Fund will proceed with the blocking of the requested amount and will confirm the loan. The full amount will be made available in the applicant’s Cash account the following day.
Who can anticipate the withdrawal of the FGTS?
To proceed with the option, you must meet the following requirements:
- Have an account at Caixa Econômica Federal;
- Be over 18 years of age;
- Must have joined the birthday loot;
- Have an FGTS account with sufficient amounts to apply for credit;
- You need to have the name cleared;
- You must authorize the “Birthday Withdrawal Loan”.