The credits will be credited to credit cards issued by commercial banks and may be used for consumption with the same.
In a resolution published this Friday also in the Official bulletinhe central bank (BCRA) establishes the mechanisms for the implementation of the credits granted by ANSES to workers in a dependency relationship who contribute to the SIPA.
The credits will be credited in Credit cards issued by commercial banks and may be used for consumption with said card. In case of default, the commercial banks may make overdraft debits in the current accounts debtor’s bank accounts.
ANSES credits of $400,000: the details of the regulations
- Commercial banks that have clients with “salary account” who are holders of credit cards issued by those entities, They must credit these credit cards with the amounts corresponding to the financing granted.
This means that the credits granted by the National Social Security Administration (ANSES) to workers in a dependency relationship contributing to the Argentine Integrated Pension System (SIPA) will be credited on credit cards issued by commercial banks where the applicant receives the accreditation of his salary.
- Commercial banks must allow such customers can process the application for these credits entirely through the use of electronic mechanisms Communication.
This means that workers will be able to request loans through the internet, without having to go to a bank branch.
- For the credited balance and as long as there is a credit balance from this financing on the credit card, first allocating the consumption made until the amount of assistance granted is exhausted, Cash advances or credit card balance transfers will not be accepted. -For example: to a payment service provider – or its transfer to a deposit account of the owner or a third party.
This means that the credits granted by the ANSES can only be used for credit card consumption. They cannot be used for cash advances, transfers to other accounts or transfers to deposit accounts.
- In case of default, in accordance with the provisions of the Resolution, among others, overdraft debits may be made in bank current accounts who have authorization to draw overdraft for the purposes of recovering debts.
This means that in case of late payment of installments, The BCRA authorizes commercial banks to carry out overdraft debits in the debtor’s current bank accounts.
- Provide that the affected commercial banks, credit card administrators and electronic clearing houses They must arbitrate the necessary means to make viable and carry out the implementation of the credits to be granted within the framework of Decree No. 463/23, carry out the necessary exchanges of data and money with the National Social Security Administration (ANSES) to this end, prioritizing its accreditation to the client in the shortest time possible and helping as necessary to obtain recovery from the ANSES of the credits granted.”
This means that the BCRA orders commercial bankscredit card administrators and electronic clearinghouses to carry outr the efforts necessary to implement the credits granted by ANSES within the framework of Decree No. 463/23.
Source: Ambito
