Argentine Central Bank Approves Transfer-Based Collection

The Argentine Central Bank (BCRA) issued Communication “A” 8406, on March 2, 2026, which establishes the transfer-based collection (CCT) as the sole immediate transfer modality authorized for recurring collection of loan instalments. The Communication will be effective as of August 31, 2026, specifically to collect loan installments. For recurring collections related to concepts other than loans, the BCRA will announce the effective date in due course.

The Communication establishes that financial institutions and payment service providers offering payment accounts (PSPCPs) must implement all functionalities required to process CCT requests. Exempt from this obligation are PSPCPs not registered in the interoperable digital wallets registry and financial institutions that simultaneously do not offer credit cards to individual customers, do not operate ATMs, and are not registered in the interoperable digital wallets registry.

In addition to the general provisions governing immediate transfers, the Communication introduces certain additional requirements specifically applicable to the recurring collection of loan payments through the CCT:
 

• It applies exclusively to the collection of fixed and equal instalments throughout the term of the agreement.
• It establishes a 30% instalment-to-income cap at loan origination, aimed at preventing over-indebtedness.
• Lenders must provide electronic notice to borrowers on the business day prior to the debit and are subject to limits on collection attempts: one initial attempt and up to two additional attempts (after 48 and 96 hours).
• It requires the borrower’s explicit, prior, and one-time consent, while ensuring the possibility of immediate revocation of such consent, either through the lender or the account provider.
• Its use is restricted to BCRA-approved financial institutions and non-financial credit providers.
• It establishes a fee structure with a minimum charge of 0.6% that the lender must pay and that is proportionally distributed among participants.
• Fraud-related liability is assigned to the lender.
• The loan proceeds must be credited to the same account from which instalments will be debited, subject to certain exceptions.
   

The Communication sets forth specific obligations and responsibilities for each participant, as well as registration and authorization requirements before the BCRA to offer or use the CCT service.

Finally, it also introduces the concept of CCT acceptors: the sole party authorized to offer the service, which seeks to foster competition and ensure interoperability among immediate transfer schemes.