How to Withdraw FGTS: Complete Guide
Have you ever wondered how to withdraw FGTS without complications, hassle or headaches?
Well, I've been in that dilemma too. And the truth is, at some point in my life, every Brazilian You'll want or need to withdraw from your Severance Indemnity Fund (FGTS), whether to fulfill a dream, pay off a debt, or deal with an emergency. But is it really that difficult? The answer, as you will see in this complete guide, is: no.
So, today I'm going to tell you about my experience with withdrawing my FGTS, in a simple, straightforward way, as if we were chatting between friends. And, of course, I'll show you step by step so you can withdraw yours without stress. Stay with me until the end and it will be worth it.
What is the FGTS and why does it exist?
First of all, let's do a basic recap. The FGTS is a compulsory savings account Created by the government to protect workers fired without cause. Every month, the employer deposits the equivalent of 8% of your salary into an account linked to your name.
This money is kept there, earning a little (unfortunately very little), and can only be withdrawn in specific situations, such as:
- Dismissal without just cause
- Retirement
- Buying your own home
- Serious illnesses
- Death of the worker (in this case, the family receives)
- Anniversary withdrawal (I'll talk about this below)
I.e, it is not an ordinary bank account —but when you need it, it can be such a relief.
When I withdrew my FGTS (and why)
The first time I withdrew my FGTS was when I was unexpectedly fired. Everything was going well at the company, until one day... I was called to HR. And, well, you can already imagine the rest.
Even so, my FGTS balance was a real lifesaver. I had some outstanding bills, and due to an unexpected family situation, I had to travel to visit my parents in another state.
With the money in hand, I was able to breathe. So, if you're going through something similar, I'll tell you in advance: withdrawing your FGTS can make all the difference.
How to withdraw FGTS: step by step
If you are here wanting to know exactly how to withdraw FGTS, let's get to the point. I've prepared a complete step-by-step guide, based on my experience—and with a few extra tips.
1. Check if you are eligible
Before you try to withdraw, go to the official app Federal Savings Bank: FGTS (available for Android e iOS).
There you can consult:
- Available balance
- Eligible withdrawal types
- Employer information
- Your account status
Additionally, the app informs you whether you can withdraw using the traditional model or the birthday withdrawal.
2. Separate the necessary documentation
- Photo ID (RG or CNH)
- Work card (can be digital)
- PIS/PASEP number
- Termination agreement (if applicable)
- Bank receipt, if you want to transfer
This way, you avoid unnecessary trips to the agency.
3. Request the withdrawal
You can do this in three ways:
- Through the FGTS application
- At Caixa branches
- At lottery outlets and Caixa Aqui correspondents (with Citizen Card)
In my case, I did everything through the app. In less than 10 minutes, I had requested the withdrawal, and within two days, the funds were in my account. It was that simple.
4. Wait for release
The time varies depending on the type of withdrawal, but it's generally quick. The app provides an estimated time and sends notifications about its progress.
What types of withdrawals are available?
To make your life easier, here's a quick explanation of the main types of withdrawals:
🔹 Withdrawal Termination
When you are unfairly fired, you withdraw the full amount from the account plus the 40% penalty.
🔹 Anniversary Withdrawal
You get it a part of the balance every year, in the month of your birthday.
But be careful: by choosing it, you loses the right to full withdrawal in case of dismissal. Therefore, think carefully before joining.
🔹 Withdrawal for Property Purchase
To facilitate the purchase of your own home, you can use your FGTS as a down payment or to pay off the outstanding balance of your financing.
Golden tips (that no one tells you)
- Keep the FGTS app updated: it is your main consultation channel.
- Turn on notifications: the app notifies you when there is a balance available for withdrawal.
- Avoid crowded agencies: only go in person if it is really necessary.
- Use the withdrawal wisely: it is not a “bonus”, it is an emergency reserve.
Therefore, plan well before using the money.
Is it worth using the anniversary withdrawal?
Well, this was a question that plagued me for months. After all, withdrawing a little money every year is tempting. However, I did the math and realized that, in case of dismissal, I would be left in the lurch.
So I didn't join. But if you have a more stable job or are starting a business, can be a good strategy.
Withdrawing your FGTS can be simple (and a lifesaver!)
In conclusion, the FGTS is a resource that, although often forgotten, can be a true ally in difficult times or in making dreams come true.
The secret is to know your rights, use technology to your advantage, and act with planning.
