Resolution CMN No. 4196 on Transparency Measures in Service Package Contracting and Disclosure

RESOLUTION NO. 4,196, OF MARCH 15, 2013

Provides for transparency measures in the contracting and disclosure of service packages.

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 an extraordinary session held on March 15, 2013, based on Art. 4, items VIII and IX, of the aforementioned law,

RESOLVES:

Art. 1 Financial institutions must clarify to natural person clients, at the time of contracting services related to their deposit accounts, about the option to choose, without the need for specific adherence or contracting of a service package, the use of services and payment of individualized tariffs, in addition to those free services provided for in current regulations.

Sole Paragraph. The option to use individualized services and tariffs or packages offered by the institution must be prominently stated in the deposit account opening contract.

Art. 2 In addition to the standardized priority service package provided for in current regulations, which encompasses the services of registration, withdrawal, statement, and transfer of funds, financial institutions are also obliged to make available to natural persons the standardized packages contained in the annexed tables to this Resolution.

Art. 3 The service packages referred to in Art. 2 must be disclosed, in a location and format visible to the public, within their premises and on their respective websites on the internet, as well as in the premises of their correspondents in the country.

Art. 4 Financial institutions must make available for consultation, on their respective websites on the internet and in other means used for communication with the client, information about the contracted service package, as well as clarifications about the existence of other packages available for contracting.

Art. 5 This Resolution enters into force on the date of its publication, producing effects from July 1, 2013.

Alexandre Antonio Tombini
President of the Central Bank of Brazil

This text does not replace the published in the DOU of 3/18/2013, Section 1, p. 47/48, and in Sisbacen.

Resolution No. 4,196, of March 15, 2013 Page 2 of 2

ANNEX

Table I - Standardized Priority Service Package - Natural Person
Checking Account
Check and Card Transactions
Quantity included per month*
Individual Value
(R$)
1 1.1 Registration for initial relationship -
2 2.2.3 Provision of check sheets 2
3 2.3.1 Withdrawal 4
4 2.5.1 Statement of the last 30 days 4
5 2.5.2 Statement of other periods 2
6
3.1 Transfer by means of DOC
1
3.2 Transfer by means of TED
7 3.4 Transfer between accounts in the same institution 2 Charged Value:

• in addition to these quantities, the following may be used free of charge: 10 check sheets, 4 withdrawals, 2 statements of the last 30 days, and 2 transfers between accounts in the same institution

Table II - Standardized Priority Service Package - Natural Person
Checking Account
Check and Card Transactions
Quantity included per month*
Individual Value
(R$)
1 1.1 Registration for initial relationship -
2 2.2.3 Provision of check sheets 5
3 2.3.1 Withdrawal 6
4 2.5.1 Statement of the last 30 days 6
5 2.5.2 Statement of other periods 4
6
3.1 Transfer by means of DOC
2
3.2 Transfer by means of TED
7 3.4 Transfer between accounts in the same institution 4 Charged Value:

• in addition to these quantities, the following may be used free of charge: 10 check sheets, 4 withdrawals, 2 statements of the last 30 days, and 2 transfers between accounts in the same institution

Table III - Standardized Priority Service Package - Natural Person
Checking Account
Check and Card Transactions
Quantity included per month*
Individual Value
(R$)
1 1.1 Registration for initial relationship -
2 2.2.3 Provision of check sheets 10
3 2.3.1 Withdrawal 8
4 2.5.1 Statement of the last 30 days 6
5 2.5.2 Statement of other periods 4
6
3.1 Transfer by means of DOC
3
3.2 Transfer by means of TED
7 3.4 Transfer between accounts in the same institution 6 Charged Value:

• in addition to these quantities, the following may be used free of charge: 10 check sheets, 4 withdrawals, 2 statements of the last 30 days, and 2 transfers between accounts in the same institution