Digital social savings: what is it, how does it work?
Digital social savings is a solution created by Caixa Econômica Federal to help those who need to move their social benefits.
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It was created especially for those who receive government social benefits, such as Bolsa Família, and has some very interesting differences.
But what makes this account unique? Who can open it? What are the limits and fees?
With these and other questions in mind, in today's article we'll look at everything about this savings account, from its features to how it's opened.
That said, to learn more about the subject, don't waste time and check out the content below right now.
What is Caixa digital social savings?
Digital social savings is an innovation brought by Caixa Econômica Federal, which aims to facilitate the movement of social benefits.
You may not remember, but previously, beneficiaries of the Bolsa Família program received the amounts through Citizen Card.
Therefore, when the deposit date arrived, the citizen had to go to an ATM to withdraw their benefit.
The measure was efficient, but it didn't have many innovations, nor did it allow users to move their money more freely.
Digital Social Savings was created precisely to change this situation, since with it the beneficiary receives a type of bank account, which is operated through the Got it box.
So, if before it was only possible to make withdrawals, now citizens can deposit, transfer, and do everything that an account allows.
Among the main benefits of this type of account, we can highlight the fact that all services are 100% digital.
This means that the account holder receives their benefit and can move it online, no longer needing to go to branches or lottery outlets.
And, if that wasn't already excellent, it also has the advantage of free services, meaning the beneficiary doesn't have to pay for withdrawals, transfers, or other services.
We'll now look at everything you can do using your Digital Social Savings account through Caixa Tem:
- Making payments and transfers;
- Online transactions using the virtual card;
- Withdrawals without using a card through Caixa self-service terminals (ATMs), branches or lottery outlets;
- Payment of bills.
What is the difference between Social Savings and Caixa Digital Savings?
Caixa has two types of digital savings: the one we're talking about and the regular Digital Savings Account.
Both have the advantage of offering online 100% services, most of which are free of charge.
However, it is worth mentioning that there is a significant difference between them, and this is precisely the account credit limit.
Digital Social Savings has a limit of R$5,000.00, which means your balance cannot exceed this amount.
This is due to the fact that this is a social account, aimed at paying benefits.
If the beneficiary exceeds the balance of R$ 5,000.00, the Digital Social Savings will be blocked,
In this case, the user must request a change in account type through Caixa Tem, from Social to standard Digital.
After that, simply go to a Caixa branch, withdraw the amount in the account, and then request that it be closed.
Account Fees and Charges
Now that we know a little more about Digital Social Savings, we need to talk about its fees.
As already mentioned, one of the great advantages of this type of account is precisely that it offers services free of charge.
We will now see what the services are and what the free usage limit is for each of them.
- Withdrawals: up to 2 free withdrawals without a card;
- Pix: unlimited. There are no fees for Pix, whether sending or receiving;
- Transfers to other banks: up to 3 transfers without fees;
- App access: 100% free.
It is worth mentioning that services that exceed these limits will be subject to charges.
Who can open this account? How can I open it?
The advantages of Digital Social Savings are many, which certainly makes many people interested in opening one.
However, it is worth mentioning that it is not available to everyone, as this modality is aimed at the movement of social benefits.
Therefore, to become an account holder you must receive some social benefit from the government.
And, speaking of which, opening the account is very simple, as it is done automatically as soon as the beneficiary is registered.
This means that as soon as you receive a benefit, your social account is automatically opened.
To move it, simply download the Caixa Tem app and enter your details.
Caixa Tem is available in the main app stores, just search for it and install it on your cell phone.
Once downloaded, the next step will be to enter your registration details; this will be enough to locate your social savings account.
Once everything is set up, just wait for your benefit deposit date, and as soon as the money arrives, you'll be able to make withdrawals, transfers, and more.
How to make withdrawals?
One of the biggest difficulties for some people when dealing with digital accounts is precisely the withdrawal part.
After all, if the account is 100% digital, it can be a little difficult to locate the correct environment to withdraw cash.
When we talk about Digital Social Savings, this can be even more difficult, as this is an account that does not have a physical card.
To make withdrawals in this mode account, you need to go to a Caixa bank branch and withdraw the money using the self-service terminals.
But, if you need a little more help, the solution may be to go to a lottery shop.
There, simply present your identification document, and you will be able to withdraw the desired amounts.
It's worth mentioning that there's a limit on free withdrawals, so it's best to make your transactions online using your virtual card.
Making online transfers and transactions via Pix are also simple and interesting ways to move your benefits.
In general, Digital Social Savings can be a great help, as it allows for more simplified transfer of benefits.
So, now that you know all the advantages of this modality, take advantage of the freedom and ease of using your benefits! Did you like this new feature? Click the button below to sign up!
