Brazil

Account channel

Service specification

Type Description
Direct to Bank methodDirect credit to bank account in Brazil Real (BRL) - (Supported account type: Checking Account)
Supported beneficiary account type – individual and company.
Supported Sender type - Individual and company.
Transaction Turnaround TimeReal-time: 24x7 (within 10 minutes)
Area availabilityBrazil nationwide
Validation / VerificationNo system validation on account available.
Amount receivedBeneficiary to be received the payout amount round down to the nearest BRL 1.00
Transaction LimitMaximum per Transaction BRL 10,000.00
Minimum per Transaction BRL 10.00
Daily Limit BRL 10,000.00

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 100,000.00 as 365 days limit, the following information / document of beneficiary is required:
1. Full name and Tax ID from the beneficiary or payer;
2. Invoice or equivalent document proving the reason for payment
3. Beneficiary’s official personal identification document, as copy of the national identification card or equivalent and tax ID; Proof of address from the beneficiary.
4. e-mail
5. phone number
6. nationality
7. occupation

For transaction exceeded BRL 250,000.00 as 365 days limit, the following information / document of beneficiary is required:
1. Full name and Tax ID from the beneficiary or payer;
2. Invoice or equivalent document proving the reason for payment
3. Beneficiary’s official personal identification document, as copy of the national identification card or equivalent and tax ID; ; and.
4. Proof of address from the beneficiary.
5. e-mail
6. phone number
7. nationality
8. occupation
9. Annual tax declaration from beneficiary or other official and equivalent document proving the financial capability (outbound operations)
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)

Notes : For CNPJ, please use bIdType = 6
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 ITAU CONSIGNADO S.A.550007
8BANCO SANTANDER S.A.550009
9BANCO BRADESCO BBI S.A.550010
10BANCO DO ESTADO DO PARA S.A.550011
11BANCO DO ESTADO DO RIO GRANDE DO SUL S.A. BANRISUL550012
12BANCO DO ESTADO DE SERGIPE S.A. BANESE550013
13BRB - BANCO DE BRASILIA S.A.550014
14BANCO INTERMEDIUM S.A.550016
15UNIPRIME - COOPERATIVE DE CREDITO NO NORTE DO PARANA550017
16COOPERATIVA CENTRAL DE CREDITO URBANO - CECRED550018
17UNIPRIME CENTRAL550019
18XP INVESTIMENTOS CORRETORA DE COMBIO550020
19CAIXA ECONOMICA FEDERAL - CEF550021
20BANCO AGIBANK S.A.550022
21BANCO CRESOL550023
22CONFEDERACAO NACIONAL DAS COOPERATIVAS CENTRAIS UNICRED550024
23BANCO BTG PACTUAL S.A.550025
24BANCO ORIGINAL S.A.550026
25BANCO BS2 S.A.550027
26BANCO BRADESCO S.A.550028
27BANCO MAXIMA550029
28BANCO ABC BRASIL S.A.550030
29BCV - BANCO CREDITO E VAREJO S.A.550031
30PARANA BANCO S.A.550032
31NUBANK - NU PAGAMENTOS S.A.550033
32PAGSEGURO INTERNET S.A.550034
33BANCO BMG S.A.550035
34ITAU UNIBANCO S.A.550036
35BANCO MERCANTIL DO BRASIL S.A.550038
36HSBC BANK BRASIL S.A. - BANCO MULTIPLOC550039
37BANCO SAFRA S.A.550040
38BANCO RENDIMENTO550041
39BANCO VOITER550042
40BANCO A.J. RENNER S.A.550043
41BANCO VOTORANTIM S.A.550044
42BANCO CITIBANK S.A.550046
43BANCO COOPERATIVO SICREDI S.A.550047
44BANCO COOPERATIVO DO BRASIL S.A. - BANCOOB550048

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