How to port your bank account? Learn with this step-by-step guide.

How to transfer banks is a common question among customers.

This is because it is common for few people to know about the possibility of transferring products and information to another bank.

But what can be transferred? What is the procedure? Are there other types of portability?

All of these questions can be answered through the content, which is full of information about portability in general.

That said, to stay on top of this topic and carry out the procedure with ease, continue reading! 

What is bank portability?

You have certainly experienced or known someone who has experienced the situation of dissatisfaction with banking service.

High fees, slow service, limited benefits, and many other factors make up the list of reasons for this.

And, the most common thing in these cases is that the customer looks for another bank and opens another account.

This way, you start using this new account, and leave the old one forgotten, or close it.

But, what if there is some kind of contract with that old bank, be a loan, credit card or any other? 

In that case, you can't just stop using the bank and forget about it, right? 

This is partly correct, after all, simply forgetting is not the solution.

The real solution to this problem is bank portability.

But, after all, what is this bank portability? 

The name is complicated, but the concept is very simple and very interesting.

With portability, you take all your data and contracts from one bank to another.

Therefore, if you have a loan with a certain bank, with portability you can take the contract to another bank.

This way, you can end your relationship with the old bank, which was no longer satisfying you.

It is worth mentioning that it is possible to port:

• Current account;
• Wage;
• Debts;
• Financing contracts, loans, among others;
• Credit.

With this, you can see that portability allows you to move to a new bank, without having to start from scratch again.

But how do I transfer my bank account? Is it easy? 

We'll see later!

How to transfer banks?

At this point, that whole sad idea of having to abandon your entire history when changing banks has gone.

After all, we now know that portability allows us to take this data and contracts to the new financial institution.

But how do I transfer my bank account? What's the official procedure? 

The first thing you need to know is that portability is done between the two banks.

This way, the customer does not need to get involved, and only participates in the request.

Therefore, to carry out the portability process, the initial step is to look for your new bank.

Once you find the bank you're interested in, simply go to a branch with your personal documents:

• ID;
• CPF;
• Proof of address.

There you must request the bank portability procedure, informing which account and/or contract you wish to bring to the new bank.

From then on, the negotiations are between the two banks, so that the new bank must request the transfer of information to the old bank.

It is worth mentioning that bank portability is provided for by law, so that the client is free to do so whenever he wants.

This aims to ensure competitiveness in the financial market.

The reason is that this makes banks strive to deliver good services, so as not to lose customers.

It is important to note that no fees may be charged for portability at any of the banks.

Furthermore, when porting, the customer has the right to maintain contracts under the same conditions as they were with the previous bank.

Therefore, the new bank may charge lower interest and fees, but it can never charge higher amounts.

Pix key portability

In the previous topic, you learned how to transfer banks, and you saw that the procedure is very simple.

But did you know that it’s not always necessary to do a complete portability?

This is because, sometimes, the customer does not want to end the relationship with the old bank.

In this way, you just want to make another bank the main one, leaving the old one in the background.

In this case, you do not necessarily need to transfer all your data and contracts.

A simple portability of Pix key jnow allows you to make a new account your primary account.

This is especially true when using the CPF or other relevant information as a key.

When you port your Pix key, the transfers you receive frequently will now be deposited into the new bank.

This way, you can use it more often.

Porting your Pix key is as simple as the procedure we taught you previously.

That's because you just need to go to the bank app you want to start using and request portability.

Pix key portability usually takes 24 to 48 hours.

Once completed, your key will be registered with the new bank.

In this way, your transfers via Pix will no longer be directed to the old bank.

How do I transfer funds from one bank to another? Is it possible?

And finally, the last type of portability we will talk about today is financing portability.

The portability of financing It is a resource widely used by customers who have signed unfavorable contracts.

On this occasion, the customer does market research and realizes that their financing contract is charging interest rates that are well above the market rate.

Therefore, having made the same contract with another bank would have been much more advantageous.

And the good news is that even if you don't have a contract with the other bank initially, it's possible to transfer your financing.

This way, you can take advantage of lower rates and avoid exorbitant fees.

It is worth mentioning that when it comes to financing, the destination bank must approve the portability.

This is because, in the case of financing, the bank needs to allocate funds for it.

Therefore, for portability to work, the bank must consider the deal advantageous.

Therefore, the first step is always to talk, in order to check possibilities.

Once accepted, simply request that the new bank initiate the transfer of information with the old bank.

This way, this can be resolved in a short time, and you will have access to better conditions!

So, once you know how to transfer banks, check the conditions and make wise choices!