There are changes to savings certificates. Lack of data blocks payments

Holders must update their personal information. The changes aim to reinforce security and minimize the risk of fraud.

Holders of savings and treasury certificates must now update your personal information with the Treasury and Public Debt Management Agency (IGCP), including the taxpayer number (NIF) and bank account number (IBAN), under penalty of having their accounts blocked.

The new rules, which came into force this Monday, include a reinforcement of security measures and aim to prevent situations of fraud and misuse of accounts.

According to the statement issued by IGCP, when it is not possible to confirm the correspondence between the registered NIF and IBAN, savings accounts will be “temporarily immobilized”. In these cases, holders will have to go to an authorized service point, namely a CTT store or a Citizen Space, to present an updated proof of their IBAN. The process cannot be done online, which requires the affected savers to travel in person.

Updating personal data is mandatory and can only be done in person, with the exception of changes to the email address or mobile phone number. Savings must present valid identification documents (Citizen Card or Identity Card), proof of tax identification number, proof of address and proof of bank account. Furthermore, the IGCP began to require professional informationsuch as a pay slip or, in the case of self-employed workers, a declaration of commencement of activity issued by Finance.

The public agency warns that accounts with outdated data, namely without NIF, IBAN or associated Citizen Card, may be prevented from receiving payments. The objective, according to IGCP, is to ensure that all financial operations are carried out securely and in accordance with holder identification standards.

This mandatory update comes in a context in which the IGCP has been reinforcing control and transparency mechanisms in the management of public debt and in the relationship with private investors. With the new measures, the Government also intends to guarantee greater traceability of operations and reduce the risk of fraud in the public financial system.