CMN Resolution No. 5218 — Amends Resolution No. 4,753 of September 26, 2019, regarding the opening, maintenance, and closure of deposit accounts

CMN RESOLUTION NO. 5,218, OF MAY 26, 2025

Amends
Resolution No. 4,753, of September 26, 2019, which provides for the opening, maintenance, and closure of deposit accounts.

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on May 22, 2025, based on Art. 4, caput, item VIII, of the aforementioned Law,

RESOLVES:

Art. 1 The Resolution No. 4,753, of September 26, 2019, published in the Official Gazette of the Union on September 30, 2019, shall be enforced with the following alterations:

“Art. 2-A The institutions referred to in Art. 1, in order to support the procedures and controls related to the process of opening accounts and updating the account holder's information, as provided for in Art. 2, § 4, must consult the system referred to in BCB Resolution No. 475, of May 26, 2025, prior to the opening of checking and savings deposit accounts and to the alteration of holders or their representatives.

§ 1 If the institution decides to open the deposit account or to alter the holders or their representatives, when there is a request to the contrary registered in the system referred to in the caput, the decision must be documented and justified, being applicable only in exceptional situations where the holders, prospective holders, or their representatives are prevented from excluding the request from the system.

§ 2 If the institution decides not to open the deposit account or not to alter the holders or their representatives, solely due to the request referred to in § 1, the reasons for the decision must be explained to the account holder, the prospective account holder, or their representative.

§ 3 The decision-making for the opening of the account and for the alterations of holders or their representatives is the exclusive responsibility of the institution.

§ 4 Institutions must keep available to the Central Bank of Brazil for at least ten years the supporting documentation regarding the consultation to the system referred to in the caput, including its result, as well as the documentation referred to in § 1.”(NR)

Art. 2 This Resolution enters into force on December 1, 2025.

GABRIEL MURICCA
GALÍPOLO
President of the Central Bank of Brazil