Over the years, Brazil has experienced a true digital revolution in the financial sector. Since the launch of PIX, it has become the fastest and most practical way to make transfers, payments, and even collections. However, the innovation didn’t stop there.
Recently, the Central Bank launched a feature that promises to further change the way we handle our money: automatic PIX. If you don’t know it yet or don’t know how to use this tool to your advantage, now is the time to better understand this resource and the benefits it can bring to your daily life.
The automatic PIX allows you to set up recurring payments and transfers easily, without the need for manual authorizations every time a transaction is made.
Imagine the convenience of paying your electricity, internet, or loan bill, or even transferring money to a friend, all without having to open the app and enter the details every time.
Wouldn’t it be a godsend? This, which once seemed a distant dream, is now possible and within reach of everyone who has a bank account and uses the instant payment system.
Now, you might be wondering: “But how exactly does this work?” How can I use this feature strategically? Don’t worry, we will explore all of this in this text. In the end, you will be ready to make the most of automatic PIX and make your daily life much more practical.
What is Automatic PIX and How Does It Work?
To begin with, let’s understand the concept behind automatic PIX. This feature allows you to schedule transfers continuously or periodically, without having to repeat the process manually each time a new transaction is needed. When setting up automatic PIX, you can authorize the payment or transfer of amounts on a daily, weekly, monthly basis, among other possibilities, without having to open the app each time.
For example, imagine you have a fixed rent every month. Instead of having to remember to make the transfer manually on the payment day, you can set up automatic PIX so that, on the 5th of every month, the amount is automatically transferred to your landlord’s account. The same applies to paying fixed bills, such as the gym membership, streaming subscription, or even subscription services for products, like the grocery market.
The main advantage of this system is its practicality. There is no longer a risk of forgetting important payments or missing a deadline. Moreover, the feature offers an extra layer of convenience, as you can schedule all these transactions in advance, avoiding last-minute stress. It’s not just for large transactions that automatic PIX is useful, but also for small ones, like those regular transfers you make to friends or family.
How to Set Up Automatic PIX?
The good news is that setting up automatic PIX is a simple and intuitive process. Most banks and financial institutions already offer this functionality, either in the bank’s app or directly on payment platforms. Next, we will look at the basic steps to set up this feature in your banking app.
- Access your banking app Access your banking app
First, open the banking app where you have an account.
- Select the PIX option
In many banks, the PIX option can be found on the home screen or in the payment menu.
- Choose the automatic PIX option
Generally, when you enter the PIX section, you will find an option to set up automatic or recurring payments. Click on it.
- Configure the payment
Now, you will be able to enter the transaction details such as the amount, the recipient, and the payment frequency. If it is a recurring account, just choose the frequency at which you want the payment to occur (daily, weekly, monthly, etc.).
- Authorization and confirmation Authorization and confirmation
To ensure security, the system may request a confirmation or biometric authentication (such as a fingerprint or facial recognition) before completing the setup. This prevents any unauthorized payment from being made.
- Ready!
After following these steps, the automatic PIX will be active, and you won’t need to worry about authorizing the payment manually. It will occur automatically, according to the frequency you set.
Examples of How to Use Automatic PIX
Now that you understand how to set up automatic PIX, how about we look at some practical examples of how this tool can be advantageous in your daily life? Let’s take a look at how automatic PIX can be used in different scenarios:
- Payment of Fixed Bills
Many of us have fixed monthly bills, such as rent, internet, cable TV, or financing. Setting these bills up for automatic payment at your bank can be a real relief. You can set up the payment of your electricity, water, or even credit card bill to happen automatically on the right day, without any effort. This helps avoid forgetting important payments and ensures that you never pay interest or late fees.
- Service Subscription Payments
With the increase in monthly subscriptions to services like Netflix, Spotify, and others, having the payment for these platforms set up with automatic PIX can be very useful. This way, you ensure that your services are always active, without having to waste time making manual payments.
- Transfers to Friends or Family
You can use automatic PIX to transfer amounts regularly to a friend or family member. Whether it’s to send that money you always send to your mother or to split a bill with a friend, the automatic PIX ensures that the transfers happen without you having to worry.
- Investments and Retirement
Another interesting use of automatic PIX is for those who are creating a long-term investment strategy or saving for retirement. You can set up an automatic monthly transfer to your investment account, ensuring that the amount is sent regularly without you having to remember to do it.
- Payments to Microentrepreneurs
If you are a micro-entrepreneur or freelancer and need to receive recurring payments from clients, automatic PIX can also be an important ally. You can set up a billing system that, once configured, allows your clients to pay automatically for the services, making both receipt and financial control easier.
Advantages of Using Automatic PIX
Automatic PIX is not just a matter of convenience. It brings several advantages that can greatly simplify your financial life. Check out some of them:
- Time Savings Time Economy
The main advantage of automatic PIX is time savings. By setting up your payments and transfers to be done automatically, you no longer need to spend minutes or even hours each month managing transactions.
- Security Security
By setting up automatic payments, you reduce the chance of human errors, such as forgetting a due date or sending the wrong amount. The system is programd to carry out transactions accurately, and the additional authentication also ensures that nothing is done without your permission.
- Financial Control Financial Control
Although it may seem that setting up automatic payments can be a bit risky, the truth is that this feature can help improve your financial control. As you can see all the transactions made automatically, it becomes much easier to plan your finances and monitor your spending.
- Avoid Interest and Penalties Avoid Interest and Penalties
With automatic payments, you’ll never pay a late fee again. Moreover, since the transfers occur punctually, you avoid high interest rates that can weigh on your wallet.
Take advantage of Automatic PIX to your benefit
The automatic PIX is undoubtedly one of the most innovative tools in the Brazilian financial system. It not only makes bill payments and transfers easier, but also offers more control, security, and convenience for your financial life. If you haven’t tried this feature yet, it’s time to take the first step.
Set up your payments, automate your transfers, and experience the comfort of knowing that your finances are being managed efficiently and without stress. With automatic PIX, the future of personal finance has already arrived, and it’s within your reach!