Brazil

Account channel

Service specification

Type	Description
Direct to Bank method	Direct 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 availability	Brazil nationwide
Validation / Verification	No system validation on account available.
Amount received	Beneficiary received net amount as specified by Sender.
Transaction Limit	Maximum 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 Beneficiary	No restriction
Service Charge	Transaction Fee will be refund if the transaction is Rejected.
Cancellation Process	Cancellation 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 Value	1

Supported bank

No	Name	Issuer Code
1	BANCO DO BRASIL S.A. - BB	550001
2	BANCO DA AMAZONIA S.A.	550002
3	BANCO DO NORDESTE DO BRASIL S.A.	550003
4	BANESTES S.A. BANCO DO ESTADO DO ESPIRITO SANTO	550004
5	BANCO BANDEPE S.A.	550005
6	BANCO ALFA S.A.	550006
7	BANCO BANERJ S.A.	550007
8	BANCO BEG S.A.	550008
9	BANCO SANTANDER S.A.	550009
10	BANCO BRADESCO BBI S.A.	550010
11	BANCO DO ESTADO DO PARA S.A.	550011
12	BANCO DO ESTADO DO RIO GRANDE DO SUL S.A. BANRISUL	550012
13	BANCO DO ESTADO DE SERGIPE S.A. BANESE	550013
14	BRB - BANCO DE BRASILIA S.A.	550014
15	BB BANCO POPULAR DO BRASIL S.A.	550015
16	BANCO INTERMEDIUM S.A.	550016
17	UNIPRIME - COOPERATIVE DE CREDITO NO NORTE DO PARANA	550017
18	COOPERATIVA CENTRAL DE CREDITO URBANO - CECRED	550018
19	UNIPRIME CENTRAL	550019
20	XP INVESTIMENTOS CORRETORA DE COMBIO	550020
21	CAIXA ECONOMICA FEDERAL - CEF	550021
22	BANCO AGIPLAN S.A.	550022
23	BANCO CRESOL	550023
24	CONFEDERACAO NACIONAL DAS COOPERATIVAS CENTRAIS UNICRED	550024
25	BANCO BTG PACTUAL S.A.	550025
26	BANCO ORIGINAL S.A.	550026
27	BANCO BONSUCESSO S.A.	550027
28	BANCO BRADESCO S.A.	550028
29	BANCO MAXIMA	550029
30	BANCO ABC BRASIL S.A.	550030
31	BANCO SCHAHIN S.A.	550031
32	PARANA BANCO S.A.	550032
33	NUBANK - NU PAGAMENTOS S.A.	550033
34	PAGSEGURO INTERNET S.A.	550034
35	BANCO BMG S.A.	550035
36	ITAU UNIBANCO S.A.	550036
37	BANCO REAL S.A.	550037
38	BANCO MERCANTIL DO BRASIL S.A.	550038
39	HSBC BANK BRASIL S.A. - BANCO MULTIPLOC	550039
40	BANCO SAFRA S.A.	550040
41	BANCO RENDIMENTO	550041
42	BANCO INDUSVAL S.A.	550042
43	BANCO A.J. RENNER S.A.	550043
44	BANCO VOTORANTIM S.A.	550044
45	BANCO CITIBANK S.A.	550046
46	BANCO COOPERATIVO SICREDI S.A.	550047
47	BANCO COOPERATIVO DO BRASIL S.A. - BANCOOB	550048
48	UNICRED CENTRAL DO RIO GRANDE DO SUL	550049

Cash pick-up channel

Service specification

Type	Description
Cash-out Method	Cash pickup Brazil Real at any SICCOB supported outlets. Supported sender type - individual and company. Supported beneficiary account type - individual only.
Transaction Turnaround Time	Within 15 minutes
Transaction Working Hours	Business hours: Operating hours for all available cash-pickup locations differ, however normal business hours 10am – 4pm Monday – Friday (Brazil CENTRAL timezone, GMT -3).
Area availability	Brazil nationwide
Account Verification	Beneficiary to provide valid photo-bearing ID (Government ID, Driving License, Passport) Name No Pickup Code required upon pickup.
Amount received	Beneficiary to be received the payout in the nearest BRL 1.
Transaction Limit	Maximum 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 Beneficiary	No restriction
Service Charge	Transaction Fee will be refund if the transaction is Rejected or Cancelled.
Cancellation Process	Cancellation is allowed if the payout in not claim. Auto Cancellation if non pickup after 10 calendar days without returning fee.
Remarks
Do_Transfer bAccType Value	5

List of cash pickup outlet

No	Name	Issuer Code
1	Brazil Sicoob	CPSIC