Scheduled PIX: What is it and how to do it?

PIX is already Brazilians' preferred method of making payments and bank transfers. Its growth has been enormous over the past year, making new features available to customers. Among them is scheduled PIX.

Therefore, in this article, we've brought you all the information you need to know how to schedule your PIX and learn more about this system. We'll also highlight the main scams associated with it, so you can be vigilant.

Stay tuned to the end to learn more about scheduled PIX.

To learn how to make PIX in installments, check here! 👈

Is it possible to schedule Pix?

Simply put, it is possible to schedule PIX payments. This feature became available at the end of 2021, after previously being optional. In other words, each institution could choose whether or not to offer this service to its customers.

However, this feature has been mandatory since 2022. With it, you have the right, guaranteed by the Central Bank, to schedule your PIX transfer directly from the financial institution where you have your account. And everything is very simple, with no hassle!

How does scheduled Pix work?

The scheduling feature is one of the advantages offered by Pix, allowing you to schedule transfers or payments to be made on a specific day and time, instead of being processed immediately.

The scheduling process is quite simple and follows the same pattern as an instant Pix transfer or payment. To schedule, simply provide information such as the Pix key, bank account details, the QR Code or copy-and-paste code of the person or company receiving the money, followed by the transfer amount.

A distinguishing feature of scheduled Pix compared to immediate Pix is the “schedule for” field, where you can select the date and time you want the transaction to be processed.

After completing the scheduling process, you'll have the option to save and share the payment receipt with the recipient. This feature offers convenience and flexibility, allowing you to plan your transactions according to your schedule and needs.

What is scheduled Pix for? What are the benefits?

Scheduled Pix is an important tool that can help you in your daily life, helping you better organize your finances. See the advantages of scheduling a PIX:

• Financial planning: Scheduling Pix allows you to plan your finances appropriately, allowing you to schedule transfers and payments in advance, helping you keep your finances organized and avoid delays.
• Avoids forgetfulness: With busy routines, it's common to forget some payments. Scheduled Pix helps prevent these oversights, ensuring your transactions are completed on the desired date and time.
• Spending control: When scheduling a Pix payment, you don't need to pay any additional amount beyond the amount set aside for the payment. This makes it easier to control expenses and avoid unwanted financial surprises.
• Flexible cancellation and rescheduling: If necessary, you can cancel your Pix appointment before the billing date easily and hassle-free. Additionally, if the transaction fails, you can easily reschedule.
• Convenience and security: Pix scheduling eliminates the need for cards, making the process more convenient and secure for users. You can complete scheduled transactions without needing a physical card.

Pix scheduling offers all these advantages, providing more convenience, control, and security in your financial transactions.

What time does the scheduled PIX drop?

Pix scheduling follows the same goal of being an instant payment method. When you schedule a Pix, the transaction is automatically processed in the early hours of the scheduled payment day.

The amount is debited from your account and, within a short period of time, is transferred directly to the recipient's account.

It's important to note that with scheduled Pix, you can't choose a specific time for the transaction to occur. It will be carried out in the early hours of the scheduled day. This applies to any bank. When the payment day arrives, the amount will be debited from your account and deposited into the destination account within the first few hours.

Therefore, scheduling Pix offers convenience and agility, ensuring that your transfers are completed promptly, although it does not allow you to select a specific time for the transaction.

How do I schedule a Pix? How do I schedule a Pix?

Scheduling a PIX is a very simple task and can be done directly from your bank's app. The process is essentially the same as making a regular PIX.

Here's a step-by-step guide that works for most banks and digital wallets:

• Access your bank or digital wallet app.
• Enter the “PIX” option.
• Choose to make a PIX, or transfer money via PIX.
• Have the recipient's PIX key on hand.
• Choose the payment amount to be scheduled.
• Choose your payment method. Some banks allow you to pay with your account balance or even your credit card limit.
• See the “Schedule” field.
• Choose a date within 90 days (the average period that institutions allow you to make a PIX).
• Confirm all your transaction details.
• If everything is correct, confirm the PIX appointment.

That's it. With your PIX scheduled, you can now send the person proof of the transaction. This way, you can schedule your PIX and make payments securely.

How do I cancel a scheduled Pix? Is it possible?

To make Pix transactions even more secure, the Central Bank allows the cancellation of scheduled Pix transactions. Scheduling doesn't serve as proof of delivery, as the sender has the option to cancel the transaction at any time.

This scheduled Pix cancellation option avoids the need to resort to the Central Bank's Special Refund Mechanism (MED).

Therefore, by allowing scheduled Pix cancellation, the Central Bank offers users an additional layer of security and flexibility, ensuring they can adjust their transactions as needed, without complications or additional processes.

Check out the step-by-step guide to cancel your scheduled PIX:

• Access your bank's app.
• Access your history or the PIX area of your app.
• Select the PIX marked as “Scheduled”.
• Tap on it to see the options.
• Choose the option “cancel PIX schedule”.
• Confirm the operation.

That's it. Now, PIX has been canceled, and the amount won't be deducted from your account.

Scheduled Pix Scam: How it Works and How to Avoid Falling for It

With the possibility of scheduling and canceling scheduled PIX, you need to be careful, as this has led to some scams related to scheduled PIX.

Although the Pix recipient is only notified when the transaction is completed, that is, on the scheduled date, scammers have exploited Pix scheduling to try to trick the victim into transferring and “returning” the scheduled amount.

In this scam, the fraudster contacts the person, showing a screenshot of the appointment and claiming to have made a transfer to them incorrectly, requesting that the amount be “returned.”

Often, without checking, or tricked by the scammer, the victim may have funds available in their account and not realize that no funds have been transferred. Thus, they make the requested transfer. When this happens, the scammer cancels the scheduled transfer, prompting the victim to transfer their own funds. Remember, it is possible to cancel a scheduled PIX transfer.

It's essential to pay attention to the small details so you don't fall for scams:

• The scheduling notification is sent to the recipient only when the transfer is completed on the scheduled date.
• The person's CPF, as well as other shipping details, must be on the receipt.
• The money will not be credited to your account until the scheduled date.

Therefore, if someone contacts you requesting a “refund” via scheduled Pix, it is important not to carry out the transaction.

If an error actually occurs and you receive a PIX that wasn't yours, it will appear on your statement and the money will be available in your account.

One of the key tips for identifying whether you've fallen for a Pix scam is to always check the key information on the payment receipt. To verify the authenticity of the Pix receipt, it's recommended to pay attention to the font used and be wary of spelling errors and illegible handwriting.

Additionally, it's important to compare the payer's details with yours, such as your full name and part of your CPF.

You can also check the bank logo and other common information on the payment receipt, such as the transfer date and time, authentication, and channel used.

If you are the victim of a scam, it is recommended that you gather as much information as possible about the scammer to file a police report.

Keep a printout of the appointment, which contains some information about who made the appointment, and provide the phone number the scammer used to contact you when filing the police report.

Therefore, pay close attention to scheduled PIX and this scam, which, unfortunately, has become very common.

Frequently asked questions:

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