Giro BISA

Giro BISA is a product designed to offer your business convenience with a range of features and competitive interest rates.

The following benefit of Giro BISA account:

Giro BISA features:

Customer Criteria

Individual and Non-Individual

Currency

Rupiah

Transaction Documentation System

Statement / e-Statement

Minimum Initial Deposit

IDR 2.000.000

Retaining Balance

IDR 50.000

Minimum balance required to avoid penalties

IDR 5.000.000

Interest Rate

Interest is calculated using a tiering concept that is based on daily balances, and will be credited to the appropriate Current Account at the end of the month after tax deductions in accordance with prevailing laws and regulations.

Joint Account

Combined accounts in the form of "AND" or "OR" are permitted.


Risks:

  1. Interest rate risk.
  2. Customers may lose the benefit of waived transaction fees and Cheque/BG book order fees if the required average balance is not maintained.
  3. Cheques and/or Bilyet Giro cashed through Clearing or over the counter may be rejected for payment or overbooked by the bank due to insufficient account balance or account closure, as specified in Bank Indonesia Regulation.
  4. Giro account holders may be added to the National Blacklist (DHN) if they meet Bank Indonesia's criteria for withdrawing blank Checks/Bilyet Giro.

Benefits:

Transaction fees are waived in accordance with the following terms:

Average Balance (IDR)

Number of Free Transactions Per Month ***

Clearing Deposits*

SKN**

RTGS**

Buku Cek/BG**

0 - < 100 millions

All

-

-

-

100 millions - < 500 billions

All

55

10

1

500 billions - < 2 billions

All

55

15

2

2 billions - < 5 billions

All

55

25

3

5 billions - < 10 billions

All

55

35

5

> 10 billions

All

All

55

All

* Waived fees are applied directly at the time of transaction.
** Waived fees are applied through a refund mechanism on every 10th of the following month based on the previous month's average balance.
*** Does not apply to fees debited on a consolidated or cash basis.

Fees:

Description

Nominal

Monthly administration fee

Rp 50.000

Penalties for below minimum balance

Rp 50.000

Dormant fee

Rp 100.000

Account closure

Rp 50.000

 

Simulation:

Simulation of waived transaction fees and Cheque/BG book for balances averaging 100 millions - < 500 millions:

Transaction

Fee Per Transaction (IDR)

Total Fee (IDR)

55x SKN

2.900

159.000

55x Clearing

2.000

110.000

Cheque/BG Book (1 piece)

275.000

275.000

10x RTGS

30.000

300.000

Total monthly savings

 

844.500

Total annual savings

 

10.134.000


A simulation of how interest is calculated for a Giro BISA account (one day) with a balance of IDR 30,000,000,000, based on tiered interest rates as outlined below:

Tiering

%

0 - < 250 millions

0,01%

250 millions - < 500 millions

0,01%

500 millions - < 2 billions

0,50%

2 billions - < 10 billions

0,75%

10 billions - < 25 billions

1,75%

≥25 billions

2,75%


Gross Interest


Interest tax 20% = 1,280,958.90 x 20% = IDR 256,191.78
Net interest = 1,280,958.90 - 256,191.78 = IDR 1,024,767.12 

Notes:

  1. The divisor used in the interest calculation corresponds to the number of calendar days in a year.
  2. The simulation provided above is solely for demonstration purposes.
  3. Features, interest rates, and fees are subject to change without prior notice.

Requirements and Procedures:

  1. Fill out and sign the Customer Data and Account Opening Form.
  2. Prepare the necessary documents, including:
    1. Valid photocopy of identity card (KTP / SIM / Passport).
    2. Copy of NPWP (Taxpayer Identification Number).
    3. Additional required documents.
  3. The customer is required to provide accurate information and/or data as stated in the form and accompanying documents.

For inquiries or complaints regarding Bank Danamon's BISA Current Account transactions/services, customers can contact Hello Danamon via phone at 1-500-090 or email at hellodanamon@danamon.co.id.