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Dear Dr. Tersi,
I declared my permanent departure several years ago, but my "normal" account is still active in Brazil.
Over the years I have made a number of direct transfers between banks (foreign and Brazilian).
Sometimes, when I was visiting Brazil, I would withdraw money from my foreign account (via ATMs) and deposit it in my Brazilian account.
Apart from those few times when I transferred/deposited some money, the Brazilian account earns monthly interest from savings and a fixed-income investment.
To date, I have never been questioned by the bank where I have the Brazilian account, nor by the central bank or the IRS.
Could this cause any problems? Should I change the account type ("normal" to CDE)?
Thanks for the site and the great information, and for your attention in answering readers' questions.
Sincerely,
Bia
Vinicius Tersi is a lawyer, specializing in International Tax Law.