Circular Letter No. 2.727

CIRCULAR LETTER N. 002727 ------------------------ Resolution n. 2.303, of 25.07.96 - Bank Fees - Establishes new information to be sent to the Central Bank by financial institutions. In view of the provisions of article 3, combined with article 5 of Resolution n. 2.303, of 25.07.96, amended by Resolution n. 2.343, of 19/12/96, commercial banks, multiple banks with commercial, investment and/or credit, financing and investment portfolios, savings banks, investment banks and credit, financing and investment companies must send to the Department of Special Studies and Monitoring of the Financial System (DEASF), by 10.04.97, the information regarding the maximum fees charged for the provision of the services listed below: - CREDIT CARD - again provide the fees related to magnetic cards (except those intended exclusively for debit, withdrawal and inquiry), specifying the amounts corresponding to the annual fee and card issuance; - CHECKBOOK WITH 20 LEAVES - provide only the amount referring to the first additional checkbook charged in the month; - RETURNED CHECK - revise the information already provided to this Bank, excluding the amounts paid to Banco do Brasil for the check clearing service; - "TB" CHECK, used for transferring amounts between accounts of the same CPF without charging the CPMF; - INCLUSION/EXCLUSION OF CHECK FROM THE BOUNCED CHECK REGISTRY - declare the amount charged for the service, broken down by inclusion and exclusion, not counting the amount charged by the Central Bank; - CHECK COLLECTION BY CLEARING - revise the information already provided to this Bank, excluding the amounts paid to Banco do Brasil for the check clearing service; - HOME BANKING - "Home/Personal Banking", that is, access to banking services via personal microcomputer and/or Internet; - SENDING FOR PROTEST/STAY OF PROTEST - exclude from the information the amounts passed on to notary offices; - CUSTODY OF POST-DATED CHECK ("factoring"); and - FEE PACKAGE (set of fees and services with reduced or incentivized amounts) - specify the services provided, as well as the number allowed for each of them and the fees included. 2. This information must be provided by filling out a standard form, which can be obtained at the service centers of the regional offices of this Body as of 02.04.97, considering the following: a) fields relating to services provided without remuneration are filled with zero and those that the declarant does not perform with "-x-"; b) in the case of a financial conglomerate, each institution must inform the amounts charged by it, even if it carries out the charging through another component of the conglomerate; c) the identification of the institution comprises the name and number of the CGC, as well as the name and telephone number of the Director and the technician responsible for the information; and d) institutions that do not provide any of the services listed in this normative act may, instead of filling out the form, send correspondence
expressly declaring such situation. 3. Failure to comply with any of the determinations of this Circular Letter subjects the offending institution to the penalties established in Resolution n. 2.194, of 31/08/95. Brasilia(DF), 26 March 1997 DEPARTMENT OF SPECIAL STUDIES AND MONITORING OF THE FINANCIAL SYSTEM Ronaldo Fonseca de Paiva Head