Brazil

Account channel

Service specification

Type Description
Direct to Bank methodDirect credit to bank account or wallet in Brazil Real (BRL).
Supported beneficiary account type – individual and company.
Supported Sender type - Individual and company.
Transaction Turnaround Time· Same day transaction processed and credited before 4.00pm (Mon-Fri) GMT -3
· T+1 Brazil Banking day for transaction submitted after 4.00pm (Mon- Fri) GMT -3
· Transaction will process and final status received T+1 Brazil Banking day.
For e.g. A transaction is submitted at 4.30pm GTM -3 on Day 1, and transactions will process and final status will update on next Brazil Banking day (Day 2).
Area availabilityBrazil nationwide
Validation / VerificationNo system validation on account available.
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction BRL 53,000.00
Minimum per Transaction BRL 10.00
Daily Limit BRL 53,000.00
Compliance accumulated limit BRL 15,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.

For transaction exceeded BRL 15,000.00, the following information / document of beneficiary is required:
1. Copy of beneficiary’s ID
2. Email address of beneficiary
3. Evidence of transaction purpose

For transaction exceeded BRL 40,000.00, the following information / document is required:
1. Copy of beneficiary’s ID
2. Copy of sender’s ID
3. Email address of beneficiary
4. Evidence of transaction purpose
5. KYC Form
6. Proof of beneficiary's address
7. Online Power-of-attorney
8. Source of Fund
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refund if the transaction is Rejected.
Cancellation ProcessCancellation is on best effort basis.
Remarks- Beneficiary ID number is required for bank validation purpose- RecipientTIN (CPF for person or CNPJ for companies)
- Branch ID is required (4-5 digits code)
Do_Transfer bAccType Value1

Supported bank

NoNameIssuer Code
1BANCO DO BRASIL S.A. - BB550001
2BANCO DA AMAZONIA S.A.550002
3BANCO DO NORDESTE DO BRASIL S.A.550003
4BANESTES S.A. BANCO DO ESTADO DO ESPIRITO SANTO550004
5BANCO BANDEPE S.A.550005
6BANCO ALFA S.A.550006
7BANCO BANERJ S.A.550007
8BANCO BEG S.A.550008
9BANCO SANTANDER S.A.550009
10BANCO BRADESCO BBI S.A.550010
11BANCO DO ESTADO DO PARA S.A.550011
12BANCO DO ESTADO DO RIO GRANDE DO SUL S.A. BANRISUL550012
13BANCO DO ESTADO DE SERGIPE S.A. BANESE550013
14BRB - BANCO DE BRASILIA S.A.550014
15BB BANCO POPULAR DO BRASIL S.A.550015
16BANCO INTERMEDIUM S.A.550016
17UNIPRIME - COOPERATIVE DE CREDITO NO NORTE DO PARANA550017
18COOPERATIVA CENTRAL DE CREDITO URBANO - CECRED550018
19UNIPRIME CENTRAL550019
20XP INVESTIMENTOS CORRETORA DE COMBIO550020
21CAIXA ECONOMICA FEDERAL - CEF550021
22BANCO AGIPLAN S.A.550022
23BANCO CRESOL550023
24CONFEDERACAO NACIONAL DAS COOPERATIVAS CENTRAIS UNICRED550024
25BANCO BTG PACTUAL S.A.550025
26BANCO ORIGINAL S.A.550026
27BANCO BONSUCESSO S.A.550027
28BANCO BRADESCO S.A.550028
29BANCO MAXIMA550029
30BANCO ABC BRASIL S.A.550030
31BANCO SCHAHIN S.A.550031
32PARANA BANCO S.A.550032
33NUBANK - NU PAGAMENTOS S.A.550033
34PAGSEGURO INTERNET S.A.550034
35BANCO BMG S.A.550035
36ITAU UNIBANCO S.A.550036
37BANCO REAL S.A.550037
38BANCO MERCANTIL DO BRASIL S.A.550038
39HSBC BANK BRASIL S.A. - BANCO MULTIPLOC550039
40BANCO SAFRA S.A.550040
41BANCO RENDIMENTO550041
42BANCO INDUSVAL S.A.550042
43BANCO A.J. RENNER S.A.550043
44BANCO VOTORANTIM S.A.550044
45BANCO CITIBANK S.A.550046
46BANCO COOPERATIVO SICREDI S.A.550047
47BANCO COOPERATIVO DO BRASIL S.A. - BANCOOB550048
48UNICRED CENTRAL DO RIO GRANDE DO SUL550049

Cash pick-up channel

Service specification

TypeDescription
Cash-out MethodCash pickup Brazil Real at any SICCOB supported outlets.
Supported sender type - individual and company.
Supported beneficiary account type - individual only.
Transaction Turnaround TimeWithin 15 minutes
Transaction Working HoursBusiness hours: Operating hours for all available cash-pickup locations differ, however normal business hours 10am – 4pm Monday – Friday (Brazil CENTRAL timezone, GMT -3).
Area availabilityBrazil nationwide
Account VerificationBeneficiary to provide valid photo-bearing ID (Government ID, Driving License, Passport) Name
No Pickup Code required upon pickup.
Amount receivedBeneficiary to be received the payout in the nearest BRL 1.
Transaction LimitMaximum per Transaction BRL 15,000.00
Minimum per Transaction BRL 10.00
Daily Limit BRL 30,000.00

For transaction exceeded BRL 15,000.00, the following information / document of beneficiary is required:
1. Copy of beneficiary’s ID
2. Email address of beneficiary
3. Evidence of transaction purpose
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refund if the transaction is Rejected or Cancelled.
Cancellation ProcessCancellation is allowed if the payout in not claim.
Auto Cancellation if non pickup after 10 calendar days without returning fee.
Remarks
Do_Transfer bAccType Value5

List of cash pickup outlet

NoNameIssuer Code
1Brazil SicoobCPSIC