Pix may have a limit on transfers; TED will be a reference | Finance

THE central bank defined the rules for transaction limits through the Pix: by February 2021, financial institutions must offer at least 50% of the limit for TED transfers of the same title. The criteria are different for sending money to accounts of different ownership, either via Pix key, manual data entry or QR Code.

BCB Normative Instruction No. 20 recalls that banks and fintechs can set value limits for performing a Pix. However, institutions will not be able to set limits lower than what the BC has decided, based on TED and debit card.

This starts to take effect on November 3, when some Pix features will be released; it will be fully available to everyone on 16 November.

How does the Value, banks are concerned with Pix’s security, so they wanted different limits according to time and ownership. “BC ended up accepting it, it was a very big advance,” said Carlos Eduardo Peyser, director of open banking at Itaú Unibanco.

Minimum Pix limit may vary

The rules are somewhat complex, and can be found in the tables below. They depend on:

  • of the day (useful or not);
  • hours (6 am to 8 pm or 8 pm to 6 am);
  • the service center (desktop or mobile);
  • the form of initiation (Pix Key, QR Code);
  • and ownership (for yourself or someone else).

In some cases, the 50% TED rule applies. For example, if a bank allows to make TEDs of a maximum of R $ 100 thousand, it must release Pix transfers of at least R $ 50 thousand for the same title on working days, between 6 am and 8 pm. At other times, the minimum limit will be the same as that available for purchases on the debit card.

As of March 1, 2021, the minimum limits for Pix will be expanded. Depending on the case, they must correspond to 100% of the values ​​for TED or 100% of what is offered for purchases on debit.

Pix on weekdays, between 6am and 8pm:

Ownership Channel Initiation Minimum limit until Feb / 2021 Minimum limit as of Mar / 2021
Same Everyone (desktop and mobile) All 50% of the limit for TED Same limit for TED
Different Desktop All 50% of the limit for TED Same limit for TED
Different Cell phone Pix key already used before, or manual entry of account already registered 50% of the limit for TED Same limit for TED
Different Cell phone Pix key never used before, or manual account insertion not yet registered Same limit for debit card Same limit for debit card
Different Cell phone Dynamic or static QR Code Same limit for debit card Same limit for debit card

Saturdays, Sundays and holidays, between 6 am and 8 pm:

Ownership Channel Initiation Minimum limit until Feb / 2021 Minimum limit as of Mar / 2021
Same Everyone (desktop and mobile) All Same limit for debit card Same limit for TED
Different Desktop All Same limit for debit card Same limit for TED
Different Cell phone Pix key already used before, or manual entry of account already registered Same limit for debit card Same limit for TED
Different Cell phone Pix key never used before, or manual account insertion not yet registered Same limit for debit card Same limit for debit card
Different Cell phone Dynamic or static QR Code Same limit for debit card Same limit for debit card

On any day, between 8 pm and 6 am:

The Pix limit should be at least the same purchase limit available for the debit card. This goes for any title, channel and means of initiation.

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