Banks will stop offering transfers via DOC and Tech until February 2024

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Febraban claims that these means of payment have lost space for the PIX. DOCs and TECs will be discontinued in 2024 Ono Kosuki/Pexels Banks associated with the Brazilian Federation of Banks (Febraban) will no longer offer transfers via DOC (Credit Order Document) until February 29, 2024. The measure is valid for individuals and legal. In addition to DOC, banks will also stop offering Special Credit Transfer (Tech), which are operations carried out exclusively by companies for the payment of benefits to employees. Currently, the maximum amount allowed for any transaction via DOC or Tech is BRL 4,999.99. In DOC, operations are carried out one day after the bank receives the transfer order, while in Tech, the transfer is carried out no later than the end of the day on which the order was given. See the list of federal bodies that receive payments via PIX Deadline for termination of functions Offers of transfer services via DOC or Tech to customers can take place until 10 pm on January 15, 2024; Customers can schedule the submission of the DOC or Tech until February 29, 2024; Banks will shut down systems for receiving and processing DOC and Tech on the same day 29. Use of means of payment According to Febraban, operations via DOC, a system created in 1985 by the Central Bank of Brazil, have been less and less used in recent years. years, especially after the launch of the PIX, in November 2020. The federation also highlights that the discontinuation of services is related to the cost/benefit for customers. “With the emergence of the PIX and the high level of bank transactions with lower fees, both Tech and DOC are no longer the first option for customers, who have given preference to PIX, as it is free and instantaneous”, says Isaac Sidney, president of February. A survey by the institution shows that DOC is not even among the main means of payment used last year: PIX was the preferred choice of Brazilians, with 24 billion operations; Credit cards totaled 18.2 billion operations; Debit cards had 15.6 billion operations; Boletos registered 4 billion operations; Transfers via TED had 1.01 billion operations; Checks totaled 202.8 million operations; Transactions via DOC were 59 million, just 3.7% of the total.

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