When the holders of credit in a joint account are spouses or dependents, what is the amount to which each one is entitled?
Joint accounts, regardless of the relationship between the holders, are entitled to guarantee up to the limit of two hundred and fifty thousand reais (R$ 250,000.00), divided equally among the accountholders. (See examples under Coverage Limit.)
What is limit of guarantee offered by FGC?
The maximum amount of guarantee per person against the same member institution or against all member institutions that are part of the same financial conglomerate is two hundred and fifty thousand reais (R$ 250,000.00).
How long does FGC takes to pay the guarantee to the creditor?
The FGC cannot determine a period, because it depends on information to be received from the Intervenor or Liquidator, depending on the case. “Once the information and documents are received, payment takes from 10 to 15 days.”