The salary of the account can be transferred to the accounts of fintechs and startups

<img alt = "A new National Monetary Council (NMC) rule, which began on Sunday, July 1, allows workers to transfer the payroll account not only to other bank accounts, but also to the accounts of financial startups, or fintech, and other non-bank companies.For experts, the measure approved in February opens a range of service options, fees and businesses available for l & # 39; employee, since the salary account has a number of restrictions.

This type of account has no fees, it is in the bank chosen by the boss and only he can make deposits.

Before the new rule, in order to escape these obstacles when it comes to managing one's own money, the worker should go to the bank chosen by the boss to transfer the payment to a current account, also managed by a bank and subject to fees.

Now he can also take his salary, free of charge, from prepaid payment accounts operated by non-financial institutions such as fintechs, payment institutions and credit card issuers. All that is needed is that the money falls into this account so that the employee can pay bills, withdraw without limits of the calendar, make purchases by applications, obtain credit and make investments.

As they are still consolidated on the market,

The obstacle of fintechs in conquering customers is to build the degree of relationship and credibility of banks, which have been for centuries on the market. Claudio Felisoni, coordinator of the Labfin FIA (Foundation Institute of Administration). In addition to giving more options to the employee, the other benefit of the new British Columbia standard is that the change can be made without it being necessary to contact the bank that hosts it.

the salary account.

According to Renata Pedro, Proteste's lawyer, portability in the destination institution, as in the case of the exchange of mobile operators, protects the consumer from the "Manager's Story" and Promises

But the benefits of British Columbia's new rule can also be accompanied by some pitfalls, says the lawyer. Among them are the sale of married products and the offer of a basket of products that does not match the customer profile. One must also be aware of lower rates that are only valid for the first few months and then become more expensive.

In the badessment of Felisoni, this migration will not happen overnight, but will generate a conflict between institutions capable of spraying the financial sector in the country, still concentrated in five major banks. "I do not think they're going to make things difficult on an operational level, but they're not going to give up those accounts peacefully and they should be competitive," he says. The information comes from the newspaper O Estado de S. Paulo