The Brazilian Credit Guarantee Fund (FGC) is a private entity that serves as a protection mechanism for depositors and investors in financial institutions.
When a bank or financial institution associated with the FGC is subject to intervention or liquidation by the Central Bank of Brazil, depositors and investors are entitled to the guarantee provided, up to the limits of the regulation.
The FGC App allows for the guarantee payment to be made online and securely, with features such as:
- Collecting information with identity validation through SMS and email confirmation.
- Validating documents and information to provide details only to registered users, thus preserving data confidentiality.
- Submitting a payment request for the guarantee entirely online, eliminating the need to visit a bank branch with copies of documents.
- Tracking all stages of the process through the app until the guarantee payment is completed.
If you need assistance or have suggestions, please send a message to faleconosco@fgc.org.br.
To learn more about the FGC, visit our website at www.fgc.org.br or follow us on social media.
Overview
FGC is a Freeware software in the category Business developed by Fundo Garantidor de Créditos.
The latest version of FGC is 1.1.007, released on 05/28/2024. It was initially added to our database on 05/28/2024.
FGC runs on the following operating systems: iOS.
Users of FGC gave it a rating of 1 out of 5 stars.
Pros
- Offers deposit guarantee for financial institutions
- Helps maintain stability and public confidence in the financial system
- Protects retail depositors
Cons
- May create moral hazard by encouraging riskier behavior by financial institutions
- Costs associated with implementing and maintaining the guarantee fund
- Potential for misuse or mismanagement of funds
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