Withdraw runs: find out what it is and how it works!

For everyone who uses banks for their daily activities, unfamiliar terms can raise questions and concerns. One such term that frequently appears on Caixa Econômica Federal (CEF) statements is "Saque Corre."

Do you know what it means and how this fee works? In this article, we'll show you everything you need to know about withdrawals, explaining what it is, how it works, and the limits established by Caixa.

Follow the article to learn more about the withdrawal.

What is Saque Corre?

The term “Saque Corre” refers to a bank fee applied by Caixa Econômica Federal to customers who make withdrawals at the bank’s correspondents, such as lottery outlets and Caixa Aqui service points.

Within this definition, the term “corre” derives from “banking correspondents”, indicating places that offer financial services, but are not Caixa branches.

This fee is also applied when the customer exceeds the free withdrawal limit established by Caixa, which generates doubts and uncertainty among users.

How does the Withdrawal work?

When a customer makes a withdrawal at a correspondent, such as supermarkets, pharmacies or lottery shops, the amount is deducted from their account, and the “Saque Corre” fee is applied.

This fee aims to cover the operational costs of CEF's infrastructure required to offer financial services across its network of banking correspondents.

Caixa Econômica Federal sets a limit of free withdrawals per month, usually around two. Exceeding this limit results in a fee for each additional withdrawal, and these charges appear on statements as "Withdrawals Due."

Limiting withdrawals aims to encourage the use of digital channels and ATMs, reducing operational costs and promoting transaction security.

What is Caixa's withdrawal limit?

Caixa typically sets a limit of two free withdrawals per month for its customers. This limit applies to both checking and savings accounts. Exceeding this limit results in the "Saque Corre" fee.

Imposing withdrawal limits not only reduces the bank's operating costs, but also aims to increase security by limiting the circulation of cash, mitigating the risks associated with crime in urban areas.

How many free withdrawals are you entitled to at Caixa?

Caixa Econômica Federal generally offers its customers two free withdrawals per month. This policy is part of the Service Basket, which defines the number of free transactions allowed. These withdrawals can be made at ATMs, branches, and other bank-owned channels.

Therefore, when you need to use your Caixa account to make withdrawals, pay attention to the number of withdrawals allowed, so that you don't have to pay the Saque Corre fee.

How much is the withdrawal fee?

The “Saque Corre” fee at Caixa Econômica Federal may vary depending on the type of account, service and the amount of the transaction.

On average, this fee is around R$1,000. However, it's important to note that checking your statement regularly is crucial to identify potential variations in the fee amount and ensure it complies with your contract with the bank.

Why is there a fee for withdrawals?

The existence of the “Saque Corre” fee is due to the operational costs involved in maintaining Caixa’s network of banking correspondents.

These establishments, such as supermarkets and lottery outlets, offer convenience to customers by providing financial services, but they generate significant costs for the bank. Fees are, therefore, a way to share these costs with customers who use these channels.

Furthermore, limiting free withdrawals and charging “Saque Corre” (Run Withdrawal) encourages the use of digital channels and ATMs, reducing operational costs associated with cash transactions while also promoting transaction security.

Is it possible to cancel the withdrawal?

Unfortunately, it is not possible to request retroactive cancellation of “Saque Corre”, as this fee is automatically applied when the customer makes withdrawals at bank correspondents and exceeds the free withdrawal limit.

Therefore, you need to be careful when making withdrawals from your Caixa account so that you don't have problems paying fees and how the withdrawal process works.

So, if you need to make withdrawals from the bank, there are some measures that can be taken so that you don't have to pay for the withdrawal.

How to avoid withdrawal charges?

If you're a Caixa customer, there are a few ways to avoid withdrawal fees and minimize your bank fees. Here's what to do:

• Monthly Withdrawal Control: The most effective way to avoid the "Saque Corre" (Run Withdrawal) fee is to control the number of withdrawals made each month. By knowing the limit of free withdrawals available in the Service Basket, customers can plan their financial transactions to avoid exceeding this limit.
• Negotiation with Caixa: In some cases, it's possible to negotiate with Caixa Econômica Federal to obtain more favorable terms, such as allowing a larger number of free withdrawals. Contacting the branch and expressing your needs can result in a negotiation that meets the customer's expectations.
• Prioritize Digital Channels and ATMs: Using Caixa's digital channels and ATMs is an effective way to avoid the "Saque Corre" (Run Withdrawal) fee. These transactions are considered within the established free limits, providing customers with convenience, security, and convenience.
• Consider Digital Account: Considering a digital account is an interesting alternative for those looking to avoid bank fees. Many digital accounts offer fee-free services and additional benefits, making them an attractive option for those seeking a more affordable banking experience.

By adopting these strategies, customers can not only reduce the incidence of "Saque Corre" (Run Withdrawals) on their statements, but also optimize the use of banking services, aligning with the digitalization trends in the financial sector.

Frequently Asked Questions

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