This is an outgoing transfer transaction in foreign currency, whereby the transferred funds will be received in full by the Correspondent Bank of the recipient bank with more affordable transfer fees (terms and conditions apply).

Service Benefits:

1. Ease of transactions.
2. More competitive fees.

Service Fees:

1. Funding source is the same as the transferred currency: USD 8 + USD 25 / EUR 30 / JPY 5,000
2. Funding source is different from the transferred currency: USD 5 + USD 25 / EUR 30 / JPY 5,000

If there are additional fees charged by the Correspondent Bank / Receiving Bank, they will be borne by the sending customer.

1. Individual Remittance is a foreign exchange transfer in Yuan currency to China, where the sender and recipient of funds are individuals.
2. Business Remittance is a foreign exchange transfer in Yuan currency to China for trade settlements where the recipient customer is a business entity/company.
   
3. Personal Business Remittance is a foreign exchange transfer in Yuan currency to China for trade settlements where both the sender and recipient are individuals.
4. Yuan Remittance to Other Countries is a foreign exchange transfer in Yuan currency to countries other than China.

Service Fees

• Full Amount (accepted in full by the receiving bank)
  1. Funding source is the same as the currency transferred: Equivalent to USD 8 + USD 25
  2. Funding source is different from the currency transferred: Equivalent to USD 5 + USD 25

• style="text-align: justify;" Non-Full Amount (BEN)
  1. Funding source is the same as the currency transferred: Equivalent to USD 8
  2. Funding source is different from the currency transferred: Equivalent to USD 5

If there are additional fees charged by the Correspondent Bank / Receiving Bank, they will be borne by the sending customer.

The Bilateral Transaction Settlement Service (Local Currency Settlement) Using Rupiah and Baht (“LCS IDR-THB Service”) is a service provided by PT Bank Danamon Indonesia Tbk as an Appointed Cross Currency Dealer to Customers in order to facilitate the settlement of bilateral transactions using Rupiah and Baht currencies.

LCS IDR-THB Service Benefits:

1. Promoting wider use of local currencies.
2. Bilateral trade transactions become faster, more efficient and cheaper.
3. Lower hedging costs (lower forward premiums compared to forward premiums to the USD).
4. THB liquidity is guaranteed as it is supported by Appointed Cross Currency Dealers (ACCD) in Thailand.
5. Alternative investments outside the USD (for banks and exporters).

Fees

LCS IDR-THB Service Terms and Conditions

1. Customers using the IDR-THB LCS Service are required to comply with and be bound by the general terms and conditions of remittance services applicable at the Bank.
2. The Terms and Conditions of the IDR-THB LCS Service form an integral and inseparable part of the General Terms and Conditions of Accounts and Banking Services.
3. Customers may use the LCS IDR-THB Service through a Bank branch or Treasury Wholesale Sales/Relationship at the Bank (specifically for corporate customers).
4. Mechanism of the LCS IDR-THB Service
   • Customers are required to submit the underlying transaction documents to the Bank on the Business Day prior to (D-1) the transaction date (underlying transaction documents are required for transactions above the equivalent of USD 100,000).
   • The Bank will debit funds from the Customer's Current Account Saving Account (both current and savings accounts) held at the Bank on the transaction date, and the funds will be received by the beneficiary on the same Business Day (if the execution instructions from the Customer are received by the Bank before 12:00 p.m. WIB on the transaction execution date).
   • The transaction execution instructions provided by the Customer are correct and valid instructions and also serve as the Customer's approval for the transaction to be executed, which has the same legal force as a written order signed by the Customer's authorised officer and is valid and binding as evidence.
5. The Bank reserves the right to refuse to execute transaction instructions from Customers in the following circumstances:
   • The transaction instructions provided by the Customer do not comply with the applicable transaction provisions of the Bank and/or applicable laws and regulations; or
   • The underlying transaction documents are inconsistent in terms of transaction type, transaction amount, transaction purpose, transaction currency, and other matters accepted by the Bank.
6. If there are any matters you wish to discuss or questions you wish to ask, customers can contact:
   • Hello Danamon 1-500-900 (GSM) or e-mail: hellodanamon@danamon.co.id or tb.service@danamon.co.id or
   • your nearest Danamon branch, or
   • your Relationship Manager or relevant Treasury Sales representative.

The procedure regarding customer complaint services can be accessed via the website /Personal/Lainnya/Proses-Penanganan-Keluhan-Nasabah.
For further information about LCS IDR-THB Services click here

Remittance API is a service for transferring rupiah and foreign currencies in near real time, securely and at competitive rates.

Benefits:

1. Fixed costs are independent of correspondent banks.
2. Lower fees.
3. Transfers are always received in full.
4. Transactions are processed in near real time.
5. Pre-validation of each transaction reduces the potential for returns.

Service Fee

Information
For more detailed information about Remittance via API
Please contact Hello Danamon at 1-500-090 or hellodanamon@danamon.co.id

The Bilateral Transaction Settlement Service (Local Currency Settlement) Using Rupiah and Yuan (“LCS IDR-CNY Service”) is a service provided by PT Bank Danamon Indonesia Tbk as an Appointed Cross Currency Dealer to Customers in order to facilitate the settlement of bilateral transactions using Rupiah and Yuan currencies.

LCS IDR-CNY Service Benefits:

1. Promoting wider use of local currencies.
2. Bilateral trade transactions become faster, more efficient and cheaper.
3. Lower hedging costs (lower forward premiums compared to forward premiums to USD).
4. The liquidity of the Chinese Yuan (CNY) is guaranteed as it is supported by the Bank Appointed Cross Currency Dealer (ACCD) in China.
5. Alternative investments outside of USD (for banks and exporters).

LCS IDR-CNY Service Terms and Conditions:

1. Customers using the IDR-CNY LCS Service are required to comply with and be bound by the general terms and conditions of the Remittance service applicable at the Bank.
2. The Terms and Conditions of the IDR-CNY LCS Service form an integral and inseparable part of the General Terms and Conditions of Accounts and Banking Services.
3. Customers can use the LCS IDR-CNY Service through a Bank branch or Treasury Wholesale Sales/Relationship at the Bank (specifically for corporate customers).
4. LCS IDR-CNY Service Mechanism:
   • Customers are required to send the underlying transaction documents to the Bank on the Business Day before (D-1) the transaction date.
   • The Bank will debit funds from the Customer's Current Account Saving Account (both current and savings accounts) held at the Bank on the transaction date and the funds will be received by the beneficiary on the same Business Day (if the execution instructions from the Customer are received by the Bank before 12:00 p.m. WIB on the transaction date.
   • The transaction execution instructions provided by the Customer are correct and valid instructions and also serve as the Customer's approval for the transaction to be executed, which has the same legal force as a written order signed by the Customer's authorised officer and is valid and binding as evidence.
5. The Bank reserves the right to refuse to execute transaction instructions from Customers in the following circumstances:
   • The transaction instructions provided by the Customer do not comply with the applicable transaction provisions of the Bank and/or applicable laws and regulations; or
   • The underlying transaction documents are inconsistent in terms of the type of transaction, transaction amount, transaction purpose, transaction currency, and other matters accepted by the Bank.
6. If there are any matters you wish to discuss or questions you wish to ask, customers can contact:
   • Hello Danamon 1-500-900 (GSM) or e-mail: hellodanamon@danamon.co.id or tb.service@danamon.co.id atau 
   • Nearest bank branch, or
   • Relationship Manager or relevant Treasury Sales.
7. The procedure regarding customer complaint services can be accessed via the website https://www.danamon.co.id/Personal/Lainnya/Syarat-dan-Ketentuan/Proses-Penanganan-Keluhan-Nasabah.
8. For further information regarding LCS IDR-CNY Services Click Here