Based on the updated question with supplied pictures, your meter is indeed suitable for 208 and 240V, which means that your "circuito 1 fase A" and "fase B" are possibly 2 phases from a 3 phase system.
A further strong hint is that the phases are called A and B and not L1 and L2, which suggest indeed 2 of a 3 phase system.
What further complicates the matter is that your utility could be supplying 2 phases from a 127V / 220V 3 phase system (see also the answer by @manassehkatz). If this is the case, your smart meter is not compatible with these voltages.
In a three phase 120V system, the phase-phase of any 2 of the 3 is 208V and phase to neutral is 120V (+/-10%).
In a 3 phase 220V system, the phase-phase is 220V (+/-10%), and the phase to neutral is 127V (+/-10%). Note, this is not the same as a 3-phase 380V supply in the European 220/380 system.
Your meter does not have labeling for a 127/220 system. This does not mean that your meter will necessarily fail to work, but it's possible that the over-voltage alarm itself is set based on the 120/208 levels and associated tolerances.
Here are some diagrams of the voltages.
This first 3-phase "Y" configuration is likely what you have, without phase C. Other consumers/sites in your complex or neighbourhood possibly have other pairs, like A/C and B/C, since this would balance the load. (You could ask around)

Your AGF meter indeed warns if the voltage is over 130V:

If you have a solar power inverter installed, disconnect it to first independently confirm the correct interaction between the utility line voltages and the smart meter.
This open delta is another possibility, if B to neutral is 120V while A to neutral is 208V.

Further, this is a 2 phase 120V/240V system. Notice the labeling is L1 / Line1 and L2 / Line 2:

It's hard to distinguish between a 3 phase and a faulty 2 phase system by measuring voltages alone. You need an oscilloscope or a phase tester.
Alternatively you can call the utility company to confirm.
Can a faulty L1/L2 240V system give voltages that you quote?
If you have loads running on L1 and you measure L2 to a bad neutral of L1 you might indeed measure a high voltage. That's because a bad neutral of L1 will be somewhat "floating" the opposite polarity of L2, and hence the higher reading.
Same applies vice-versa, when measuring L1 to a bad neutral of L2.
It's possible you have an inadequate neutral at the panel.
Measuring neutral to ground near the panel or meter might not reveal this problem, since this is where they are tied together. If either is failing, the voltage across would still be (near) zero.