Nine cities close branches this Wednesday due to municipal holidays, and Pix remains active

Bank branches in nine municipalities will not welcome the public for in-person service this Wednesday, November 4th, due to local holidays. According to the publication O Antagonista, five states are affected: Paraná has four cities in the list, São Paulo has two, and there is a location in each of these: Minas Gerais, Paraíba and Santa Catarina.

According to the publication, the list of municipalities was created based on Febraban's bank holiday calendar. The parade falls two days after All Souls' Day, which is a national holiday.

In São Carlos (SP), the holiday coincides with the city's anniversary. In Lagoa da Prata (MG), the date honors São Carlos Borromeu, local patron saint. There are also two homonymous cities in the list, one in São Paulo and one in Santa Catarina, which can cause confusion for those looking for the agency by the name of the municipality.

The municipal holiday is valid only within the city and does not extend to other municipalities in the state. In practice, an agency in another city in the same region can operate normally.

For the customer, the main distinction is between what remains available and what depends on the business day. According to O Antagonista, Pix operates 24 hours a day, including on holidays and weekends. Some operations, however, have processing times and are only completed on business days. On Pix, in turn, instant settlement does not apply to all transactions.

Bills and invoices for utilities, such as sanitation, electricity and telephony, can generally be paid on the next business day, without surcharge, when the due date falls on a holiday. Taxes follow their own rules, and Febraban advises advance payments to avoid interest and fines, according to the survey. TED, checks and some other payments also follow specific rules.

What changes for the investor

The direct effect tends to be limited, as the closure affects the in-person service of the branches in these nine cities, and not Pix, which remains active. For those who operate, the point of attention is the settlement of transfers and payments: TED and checks follow their own rules, and some operations are only completed on a business day. According to the guidance cited in the report, anyone whose taxes are due soon is interested in paying them in advance so as not to pay interest and fines. The report does not address the effect on asset prices such as the stock market, dollar or interest rates, and the data collected does not allow this effect to be measured.

Automatically translated from Portuguese.