Recurring Payments are an innovative solution brought by Pix Automático, which promises to transform the way we manage our day-to-day accounts.

Starting November 13, users will be able to make payments automatically and on a scheduled basis, ensuring greater convenience and financial control.

In this article, we'll explore how this functionality works, its benefits, how to activate it, and how companies can benefit from this new system. We'll also discuss the security and financial inclusion facilitation aspects it provides.

Automatic Pix: the new way to pay recurring bills

Starting November 13th, users can count on the Automatic Pix, a feature that has revolutionized the way we deal with recurring payments.

With this new feature, you can automate bill payments directly through your bank's app in a practical and secure way.

It innovation provides convenience by allowing transactions to be carried out 24/7, without the need for manual authorization for each charge.

Among the accounts that can be covered by the Automatic Pix They are:

• water
• light
• Internet

.

Using this tool can help avoid late payments and, consequently, reduce defaults, in addition to promote financial inclusion by facilitating the control of personal finances.

The ease of viewing and adjusting transactions through the app gives users more control and transparency over their expenses.

to join the Automatic Pix at the Central Bank, simply access the bank's internet banking or app, where you can customize rules such as maximum amounts and use of overdraft facilities.

How to set up rules and limits

Automatic Pix users can customize their financial transactions in a practical and intuitive way, taking advantage of valuable features for managing their finances.

When configuring the service through the your bank's app or internet banking, the user can define specific rules, ensuring peace of mind and security in their recurring payments.

Through Automatic Pix, the user can:

• Set a maximum amount per transaction, ensuring that no debit exceeds the previously established amount.
• Authorize or block the use of the special check, controlling the use of credit for financial emergencies.
• Select the deadline by which charges can be made, offering scheduling flexibility.
• Specify the source of funds, choosing the account balance or another available credit line.

These options offer greater control on spending, promote financial discipline and help avoid surprises in your bank balance.

Furthermore, the personalized service allows users to adapt automatic debits to their financial profile, ensuring a balance between convenience and control.

Activation via Internet Banking or App

To activate Automatic Pix, start by accessing the internet banking ou application from the bank you use.

First, log in with your credentials and then look for the option to Automatic Pix in the payments menu.

This function is usually easily accessible, but if you have any difficulties, it is advisable to consult the official channels or the Central Bank website. Central Bank Home Page for detailed guidance.

Once you've located the correct section, you can set your payment rules.

Set maximum transaction amounts and decide whether to allow overdraft use.

These parameters ensure safer and more personalized management of your finances.

Confirm the chosen settings to complete the activation.

It is worth remembering that availability of this function is 24/7, allowing you to manage your finances without time restrictions.

Stay alert for scheduled payment notifications, which are sent before payment is made, ensuring transparency and full control over your expenses.

Corporate use and manager consultation

the use of Automatic Pix in companies it brings a series of strategic benefits, facilitating financial management and the operation of the business.

However, its implementation requires special attention to alignment with responsible bank managers.

This consultation is crucial to ensure that the system is configured to meet the specific needs of each company, respecting its internal standards and financial policies.

Efficient communication with the financial institution becomes essential for the correct parameterization of recurring and automated payments.

Furthermore, Automatic Pix contributes significantly to improving cash flow, as it allows transactions to be carried out 24 hours a day, 7 days a week, reducing delays and increasing financial predictability.

However, it is imperative that companies pay attention to pre-established limits so as not to compromise the available budget.

Managing these limits is essential to avoid unwanted surprises and maintain the organization's financial health.

It is also important to constantly monitor scheduled payments and verify current contractual conditions, so that the use of Automatic Pix is ​​always aligned with the company's needs and objectives.

Such care allows technology to be used efficiently, strengthening the financial structure of the organization and boosting its competitiveness in the market.

Scheduling, notifications and payment viewing

No Automatic Pix, recurring payments are scheduled to respect the rules defined by the user, offering greater control over personal finances.

Before the debit is executed, the system sends detailed notifications, informing the amounts and planned dates, allowing the user to always be informed about their financial transactions.

This functional notification not only ensures transparency, but also contributes to effective expense management.

Users can access their bank's app to view scheduled transactions and verify that everything is correct before allowing the payment to proceed.

This process not only reinforces user security but also reduces the risk of undue charges.

If the user identifies any irregularity or wishes to interrupt a payment, it is possible to cancel it immediately, providing autonomy and total flexibility in financial management.

The integration of these features into Automatic Pix increases its usefulness and efficiency, making the task of managing payments more practical and secure.

For more information, it is recommended to visit the Cielo's blog and learn about the benefits this tool brings to users and companies.

Costs, free of charge and immediate cancellation

O Automatic Pix is offered for free for individuals, encouraging the use of the tool for recurring payments without additional charges.

This free service is attractive to individuals looking for ease in paying everyday bills, such as water, electricity and internet, through a safe and efficient platform.

For companies, the scenario is different.

They may incur specific tariffs based on the volume and nature of transactions, as highlighted by the Wise portal.

This differentiation in charging seeks to balance operational costs and service sustainability in the financial sector.

However, the central aspect of Automatic Pix is ​​the flexibility in cancellation, which can be done in any way immediate and free of charge by the user, whether an individual or a company.

This feature ensures that control of finances always remains in the hands of the customer, promoting confidence and peace of mind when using technology.

Below, we present a summary of the conditions for using Automatic Pix:

Categories	Cost
Private Wealth	Free
Legal person	Specific rates
Cancellation	Immediate and free of charge

For companies, the fees are justified by maintaining a robust service that supports high transaction volumes and ensures agility, security, and efficiency in financial operations.

The charge seeks not only to cover operational costs, but also to ensure continuity of service.

Reduction of default and financial inclusion

O Automatic Pix emerges as a revolution by providing payment automation, ensuring that essential bills such as water, electricity and internet are paid on time.

This tool allows users to configure their financial transactions to avoid forgetfulness and delays, eliminating the need for manual interventions each time a payment is due.

This process not only ensures a reduction of default, but also contributes to increasing consumers' credit scores, reflecting a healthier financial life.

Furthermore, by facilitating continuous and uninterrupted access, 24 hours a day, 7 days a week, Automatic Pix promotes financial inclusion of groups that were previously marginalized from the formal banking system.

People who faced barriers to making timely payments now have a practical and effective solution that eliminates obstacles such as going to bank branches or using credit cards.

This financial inclusion not only expands the reach of banking services, but also fosters individual and collective economic stability.

With the ease of activation through internet banking or banking app, as indicated by central bank, the solution becomes accessible, intuitive and essential for financial and social reorganization.

Reimbursement via Special Return Mechanism (MED)

In the case of undue charges through Automatic Pix, it is essential that the user knows the Special Return Mechanism (MED) as an effective tool to ensure compensation.

Created by the Central Bank, the MED aims to increase consumer protection by allowing improperly transferred funds to be recovered quickly and safely.

When an improper charge is identified, the user should contact their financial institution and report the problem.

The bank has the duty to analyze the transaction and, if the irregular charge is confirmed, it has a period of up to 24 hours to refund the amount.

Furthermore, it does not require the recipient's authorization to make the return, which makes the process faster and more efficient.

Taking advantage of the MED is crucial to protecting consumer rights and ensuring transparency in financial transactions.

For more details on operation and procedures, please consult the information provided by central bank.

Recurring Payments with Automatic Pix, they represent a significant advance in financial management, offering ease and security.

This tool, in addition to encouraging regular payments, can promote a more inclusive and efficient scenario for all users.