Giro Foreign Currency

Foreign Currency Current Account

Bank Danamon provides convenience to the Customer in performing banking transaction through BISA Current Account in Rupiah with lots of benefits and transaction conveniences.

Current Account Features

Types of Customer

Individual

Non-Individual

Currency

USD, JPY, SGD, EUR, CNY, AUD, GBP

Joint Accounts

Allowed in the form of joint “OR” and/or “AND”

Ownership

Account and Bank notes act as proofs of the Customer funds.

Initial Deposit

USD 1.000,- / JPY 150.000 / SGD 2.000,- / EUR 1.000,- / CNY 1.000,- / AUD 2.000,- / GBP 1.000,-

Interest Rate

Interest rate can be accessed by the Customer on information media that has been pointed by Bank Danamon, such as Bank Danamon official website.

Interest will be calculated based on daily balance and will be accounted on the Customer’s BISA Current Account after taxed according to the applied rules.

 

Risks

  • Risk of interest rate;
  • Risk of currency exchange fluctuations;
  • The Customer will be penalized if the minimum average balance required is not fulfilled.

Fee

Fee debiting will be systematically charged monthly or under the terms applied in Bank Danamon.

Details

USD

JPY

SGD

EUR

CNY

AUD

GBP

Monthly Administration

5

500

10

5

25

5

5

Retained Balance

5

500

10

10

25

5

5

Minimum Average Balance not Subjected to Penalty

1.000

150.000

2.000

1.000

500

1.000

100

Penalty for Under Minimum Balance

5

500

10

5

25

5

5

Account Closing

5

500

10

10

25

5

5

 

SIMULATION

Current Account interest calculation can be done daily by the system and credited to the account once a month.

An assumption of tiering (progressive) interest rate as follows:

Tiering

%

0 - < 100.000

0,01%

100.000 - < 500.000

0,05%

>=500.000

0,10%

 

The example for interest calculation1 (one) day with account balance amount for USD 1.000.000,- as follows:

Gross Interest:

(100.000 x 0,01%)+(400.000 x 0,05%)+(500.000 x 0,10%) = 1,95

                         365

Tax Interest 20% = 1,95 x 20% = 0,39

Net Interest = 1,95 – 0,39 = 1,56

Notes:

  • Dividing numbers on interest calculation based on calendar days in a year.
  • Simulation above is only an illustration,
  • Interest rate level may change anytime.

Requirements and Procedures

  1. Completing and signing Customer Data and Account Opening Form.
  2. Completing required document, such as:
    • A copy of valid ID (ID/driving license/passport)
    • A copy of NPWP
    • Other documents.

For further information, please click here.

For Information/Customer Service, please visit the nearest branch or call Hello Danamon in 1-500-090.