The FGC (Credit Guarantee Fund) began this Tuesday (April 7, 2026) payment to creditors with amounts above R$1,000 in , settled by the Central Bank after the Banco Master case. Here is the statement (PDF – 59 kB).
The payment is part of the 2nd phase of the stage to pay off the guarantees of investors who had amounts of up to R$250 thousand in investments provided for in the fund’s regulations.
The FGC must pay R$6.06 billion at this stage. Payment will be made to 312 thousand creditors. The average value is R$19,423 per person. Payments will be made through the fund’s application, observing the steps applicable to requesting the ordinary guarantee.
The consumer must register, complete the required information, submit the necessary documentation and formalize the request through the channels available on the platform. The FGC suggests that the application’s notifications be activated.
1st Phase
The FGC started paying on February 13th to Will Bank creditors who had receivables of up to R$1,000. The fund has paid R$126 million to date, or 70.84% of the amount of advances to be paid (R$177.8 million).
In the 1st phase, the number of beneficiaries who received the amounts was 1.145 million, corresponding to 18.28% of the total of 6.269 million people who meet the requirements to receive the advance guarantee.
The creditor who has received amounts from Banco Master, Master de Investimentos and Letsbank will not have amounts to receive from Will Bank if they have exceeded the limit of R$250 thousand in the conglomerate.
Until Monday (April 6), the FGC paid R$39.3 billion in guarantees to creditors of the Master conglomerate (Banco Master, Master de Investimento and Letsbank), which represents 96.90% of the amount to be paid. Approximately 669 thousand creditors have already received the amounts, or 90.24% of the total.
WILL BANK AND MASTER CASE
The Central Bank did not liquidate Will Bank, the trade name of Will Financeira, together with Banco Master in November because of the role of of the company.
The monetary authority estimated, in 2025, that Will Bank managed 7 million accounts for its own customers. The holders of these accounts are, for the most part, from classes C, D and E. The account was held in January 2026.
It will leave a record hole in the FGC of almost R$52 billion, even though it only has . The loss was greater than the recurring net profit of each of the main banks listed on B3 (São Paulo Stock Exchange).
