Regulatory Alerts2026-05-04 | Resolução BCB 566BCB Resolution No. 566 on Salary Payment Services and Salary Portability
The Central Bank of Brazil issued Resolution No. 566 to regulate salary payment services and establish the right to salary portability for beneficiaries using salary accounts at financial institutions. The resolution mandates that depositary institutions facilitate the transfer of salary funds to other accounts upon beneficiary request within five business days and prohibits fees for essential services such as monthly withdrawals and account maintenance. It further defines contractual obligations, data sharing requirements for portability, and revokes previous regulations to ensure transparency and accessibility in salary account management.
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