Regulatory Alerts2026-05-04 | Resolução BCB 565BCB Resolution No. 565 — Amends BCB Resolution No. 51 of December 16, 2020, Which Establishes Procedures for Authorizing and Canceling Account Debit Authorizations
The Central Bank of Brazil's Collegiate Board issued Resolution No. 565 to amend Resolution No. 51/2020, establishing updated procedures for authorizing and canceling automatic account debits. The regulation mandates prior express client consent for all account debits, strictly regulates debit authorizations for credit and leasing contracts by requiring individualized terms with clear precedence rules, and prohibits simultaneous debits across multiple accounts. It further guarantees account holders the right to cancel authorizations, mandates transparent cost reimbursement limits between institutions, and permits contractual interest rate reductions for clients who opt into automatic debit payments.
Share