RegAlert

Rule · BCB · 26 May 1994 · Carta Circular 2460

Circular Letter No. 2460 — Clarification on the Charging of Fees for Inquiries Made via Electronic Terminal

consumer

The document prohibits financial institutions from charging fees for electronic account statements or balance inquiries that are displayed only on screens without being printed on detachable paper. For inquiries printed on detachable paper, fees may only be charged if more than one inquiry is made within a seven-day calendar period, calculated per account rather than per client. This regulation revokes Communication No. 2,219 of November 1, 1990.

BrazilBanco Central do Brasil

CIRCULAR LETTER NO. 002460

Clarification on the Charging of Fees for Inquiries Made via Electronic Terminal.

In view of the provisions set forth in item I, letter "g", of Resolution No. 1,568, dated January 16, 1989, we clarify, regarding the charging of fees for inquiries made via electronic terminal, that:

I - Statements of any applications or deposits held with financial institutions, available only on screen and not printed on detachable paper, cannot be charged; nor can inquiries into balances, whether printed or not on detachable paper, be charged;

II - When it concerns statements printed on detachable paper, inquiries exceeding more than 1 (one) within a period of 7 (seven) calendar days may only be charged, with the time limit computed relative to each account and not per client.

  1. Communication No. 2,219, dated November 1, 1990, is hereby revoked.

Brasilia, May 26, 1994

DEPARTMENT OF NORMS OF THE
FINANCIAL SYSTEM

Sergio Darcy da Silva Alves
Head

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Annotations and obligations
1 obligation · 1 permission · 1 definition
  • Obligation 1
  • Permission 1
  • Definition / condition 1
  • background, boilerplate

Lineage: Superseded

CMN Resolution No. 1568 - Prohi…1989CMN Resolution No. 1568 - Prohibition of Charges for Specific Social Banking Services (1989-01-16)Notice No. 2219 dated 1990-11-01Notice No. 2219 dated 1990-11-01Circular Letter No. 2460 —Clarification on the Charging…1994-05-26 · this documentCircular Letter No. 2460 — Clarification on the Charging of Fees for Inquiries Made via Electronic Terminal (1994-05-26)Resolution CMN No. 2303 — Regul…1996Resolution CMN No. 2303 — Regulates the Charging of Fees for Services by Financial Institutions and Other Institutions Authorized by the Central Bank of Brazil (1996-07-25)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 1996-07-25

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