RIO DE JANEIRO, BRAZIL – Customers of payment institutions and banks will be able to use bank slips to deposit into their own accounts, reported the Central Bank. The bank slip must be issued in the name of the account holder and may only be paid for their benefit.
According to the Central Bank, the measure may serve digital banks’ clients and individuals who do not hold deposit accounts. Furthermore, the rule establishes the institution of a practice already adopted by some banks.
“The bank slip is an interbank tool with wide acceptance, which allows flexible deposits or transfers into accounts, accepting cash payments,” it stated in a note. “This way, it will be able to serve clients of digital banks and individuals who do not hold deposit accounts.”
According to the Central Bank, “the National Financial System (SFN) has been recording an increase in the offer of financial products by new members, such as payment institutions, Direct Credit Companies (SCD), Loan Associations among Individuals (SEP) and digital banks.”
“The change introduced by the Central Bank is consistent with the directive to ensure broad competition, inter-operability and non-discriminatory access to services and infrastructure required for the operation of payment systems,” the institution added.