PROGRAM USD TIME DEPOSIT & SAVING ACCOUNT 2025

GENERAL TERMS AND CONDITIONS
USD TIME DEPOSIT & SAVING ACCOUNT 2025 PROGRAM 

These General Terms and Conditions of the USD Time Deposit (TD) & Savings Account (SA) 2025 Program ("General Terms and Conditions of the Program") outline the terms and conditions applicable to participants of the USD TD & SA 2025 Program ("the Program") organized by PT Bank Danamon Indonesia Tbk ("Bank Danamon").
By participating in the Program, participants agree to abide by the following provisions: 

The Program will run from February 03, 2025, to February 28, 2025 ("Program Period").

This Program is open only to individual customers who own Danamon LEBIH PRO or Danamon LEBIH PRO iB Savings accounts (single or joint accounts with "AND/OR") ("Program Participants"). 

  1. Participants must read and understand these General Terms and Conditions.
  2. Bank Danamon has the right to refuse or cancel a participant's enrollment in the Program if they fail to meet the stated terms and conditions.
  3. Participants has full responsibility for any risks, losses, claims, or disputes arising from their participation or cancellation in the Program.
  4. Participants who do not have a Danamon LEBIH PRO or Danamon LEBIH PRO iB account must open one at a Bank Danamon branch or through the D-Bank PRO application.
  5. There The Program comprises two schemes, as detailed below:
    1. Time Deposit Scheme:  
      1. Participants must deposit fresh funds in their Danamon LEBIH PRO/Danamon LEBIH PRO iB accounts in IDR, with the following criteria for "Fresh Fund Placement": (i) Funds deposited in cash at Bank Danamon branches; or (ii) Funds transferred from another bank account to the Program Participant's account for Program participation.
      2. After placing fresh funds, participants must make foreign exchange transactions to convert IDR in their Danamon LEBIH PRO/Danamon LEBIH PRO iB accounts to USD, with: a minimum spread of 10 bps; and a minimum transaction amount equivalent to their intended USD Time Deposit/iB USD Sharia Deposit.
      3. Fresh Fund Placement and foreign exchange transactions must be completed within 7 calendar days before the placement date of the USD Time Deposit/iB USD Sharia Deposit.
      4. Participants must complete and sign the Program participation form (“Participation Form”) to open a USD Time Deposit/iB USD Sharia Deposit account, with the following terms:
        1. Tenor 1 (one) month; and
        2. The minimum placement is USD 20,000 (twenty thousand US dollars) and the maximum is USD 50,000 (fifty thousand US dollars).
      5. Participants wishing to withdraw their USD Time Deposit before maturity must also submit a Program Cancellation Form.
    2. Average Balance Scheme:
      1. After the USD Time Deposit matures, participants must maintain a minimum monthly average balance of at least 50% of the nominal value of the USD Time Deposit; or a minimum of USD 10,000.00 in their Danamon LEBIH PRO/Danamon LEBIH PRO iB Savings accounts.
      2. Program Participants are required to maintain a minimum average balance as mentioned in point i above for 3 (three) consecutive months after the maturity date of USD Time Deposits. The calculation of the Program Participant's average balance is the total average balance of the Danamon LEBIH PRO/Danamon LEBIH PRO iB Savings account in USD for 3 months since the USD Time Deposit matures.
  6. Participants fulfilling all terms of both schemes (Time Deposit and Average Balance) will receive the following benefits:
    1. For conventional products:

      Product

      Interest Rate

      Cashback Rewards

      Total Benefits (Equivalent)

      Time Deposit1

      2.50% per annum

      Cashback 2.25% per annum
      (from Time Deposit placements)

      4.75% per annum

      Danamon

      LEBIH PRO Savings

      In USD2 

      (in accordance with the provisions of Interest applicable to the Bank)

      Cashback 1.00% per annum

      (from the total average balance of Danamon LEBIH PRO USD for 3 months)

      Interest + Cashback 1.00%

    2. 1. If the Program Participant applies for the disbursement of the USD Time Deposit before maturity, the Program Participant will not receive Interest in the value of this table. Program Participants will only receive a current interest of 0.25%, do not get a Cashback Prize, and are subject to a Penalty Fee as item III.7 below.

      2. If the minimum average balance of the Danamon LEBIH PRO Savings account in USD currency is less than the specified as specified in points III.5.b.i and III.5.b.ii above, then the Program Participant will not get any Cashback Prize.  

    3. For sharia products:

      Product

      Revenue Share Ratio

      Gift

      Total Benefits (Equivalent)

      Time Deposit

      USD iB1

      2.50 % per annum

      Cashback 2.25% per annum (from iB Time Deposit placement)

      4.75% per annum

      Danamon LEBIH PRO iB Savings in USD2

      -

      MAP voucher equivalent to 2.00% (from the total average balance of Danamon LEBIH PRO iB USD for 3 months)

      Voucher 2.00%

    4. 1. If the Program Participant applies for the disbursement of the USD Time Deposit before maturity, the Program Participant will not receive the Profit Sharing Ratio as shown in this table, but will only receive a Current Profit Sharing Ratio of 0.25%, will not get the Cashback Prize, and will be subject to the Benefit Return Fee as item III.7 below.

      2. If the minimum average balance of the Danamon LEBIH PRO iB Savings account in USD currency is less than the specified as specified in points III.5.b.i and III.5.b.ii above, the Program Participant will not get the MAP Voucher Prize and any profit sharing ratio (there is no profit sharing due to Danamon LEBIH PRO iB Wadiah contract). 

  7. Participants wishing to cancel the Program's participation must apply to a Bank Danamon branch by filling in and signing the USD TD & SA 2025 Program Cancellation Form. For the cancellation, the Program Participant will be charged a Penalty Fee/Benefit Refund Fee with the following conditions:

    USD Time Deposit Placement Nominal / iB USD Sharia Deposit

    (in IDR or equivalent)

    Penalty Fee / Benefit Return Fee

    (nominal placement) < IDR 100 million

    IDR 75,000 / Account

    IDR 100 million ≤ (nominal placement) < IDR 1 billion

    IDR 150,000.00 / Account

    (nominal placement) ≥ IDR 1 billion

    IDR 300,000.00 / Account

  8. Bank Danamon is authorized to debit participants’ accounts to recover penalty fees for cancellations in the event that the Program Participant cancels the Program participation in accordance with the General Terms and Conditions of the Program.  
  1. Program Participants who meet all the criteria of the Time Deposit Scheme will receive an Interest/Profit Share Ratio of 2.50% per annum on deposit placement. This will be provided when the USD Time Deposit/iB USD Sharia Deposit matures in accordance with the Program provisions and is not withdrawn before maturity.
  2. Cashback Prizes/MAP Voucher Prizes will be awarded five (5) months from the date of placement of the USD Time Deposits/iB USD Sharia Deposits.
  3. If a Program Participant fulfills the criteria of the Time Deposit Scheme but does not meet the criteria of the Average Balance Scheme, they will not be eligible for the Cashback Prize/MAP Voucher Prize.
  4. The Cashback Prize will be credited to the Program Participant's Danamon LEBIH PRO/Danamon PRO iB savings account in USD, which was used as the Debit Source Savings Account when placing the USD Time Deposits/iB USD Sharia Deposits. The account must remain active at the time the Cashback Prize is credited. If the account is inactive, Bank Danamon will be unable to credit the Cashback Prize.
  5. MAP Voucher Prizes will be issued in units of IDR 50,000.00 per voucher. The total value of the MAP Voucher Prizes will be rounded down to the calculation result (2.00% multiplied by the nominal average balance of the Danamon LEBIH PRO iB USD Program Participant's savings over three months).
  6. MAP Voucher Prizes will be sent to the Program Participant's address as recorded in the Danamon Bank system. Program Participants are required to ensure their customer data, including their residential address (complete with house number, sub-district, district, province, and postal code) and an active phone number, are up to date with Bank Danamon. For Joint Accounts (both OR and AND), the Voucher Prize will be sent to the address of the First Name holder on the Joint Account, as recorded in the Danamon Bank system.
  7. If Bank Danamon cannot deliver the MAP Voucher Prize due to an incomplete or incorrect address in the Danamon Bank system, the MAP Voucher Prize will be sent to the Bank Danamon branch where the Program Participant enrolled in the Program. The Bank Danamon branch will notify the Program Participant so that the Prize can be collected from the designated branch. For Joint Accounts (both OR and AND), MAP Voucher Prizes may be collected by the First Name holder on the Joint Account, as recorded in the Danamon Bank system.
  8. Bank Danamon reserves the right to verify the eligibility of Program Participants based on the General Terms and Conditions of the Program. Bank Danamon's decisions regarding this Program are final and cannot be contested.
  9. Taxes on interest and prize acquisition will be borne by the Program Participants. 

The authority granted by the Program Participant under the General Terms and Conditions of this Program is given to Bank Danamon with the right of substitution. This authority shall remain irrevocable and valid as long as the Program Participant's obligations to Bank Danamon have not been fully fulfilled. The authority will not expire or be revoked for any reason, including but not limited to the following circumstances as stated in the Civil Code: Article 1813: Termination of power of attorney due to withdrawal, notification of termination, death, incapacity, or bankruptcy of the principal or agent. Article 1814: The principal’s right to revoke the power of attorney at their discretion and, if necessary, compel the agent to return the power. Article 1816: Revocation of the first power of attorney upon the appointment of a new agent for the same matter, effective from the time the new appointment is notified. This authority is an integral part of the General Terms and Conditions of this Program.

Below is an example of a simulation related to the Program:

Program A Participants

Time Deposit Scheme
Program A participants have a Danamon LEBIH PRO Savings account with a balance of IDR 34,000,000 (thirty-four million rupiah). They participate in the Program by: Transferring Fresh Funds from other banks to their Danamon LEBIH PRO account in the amount of IDR 350,000,000 (three hundred and fifty million rupiah); Completing and signing the Program Participation Form; Conducting foreign exchange transactions and placing USD Time Deposits with the following details:

USD 1 = IDR 15,500

Transaction

Date

Transaction Value

Fresh Fund placement by transfer from another Bank to Danamon LEBIH PRO Savings account (in IDR)

February 03, 2025

IDR 350,000,000

Foreign exchange transactions from Danamon LEBIH PRO IDR to Danamon LEBIH PRO USD savings account through Danamon Bank branches

February 03, 2025

USD 22,581

USD Time Deposit Placement for 1 (one) month

February 03, 2025

USD 22,000

USD Time Deposit Maturity (Crediting of Deposit Principal and Interest 2.5%)

March 03, 2025

Program Participants will receive 2.5% Interest with the following calculations.

On Bilyet TD (Gross): USD 45.83

Taxes: USD 9.17

So, Program A Participants will get USD 36.67 (Nett)


Average Balance Scheme

The Program Participant maintains the average balance of their Danamon LEBIH PRO savings account in USD for a period of three (3) months, in accordance with the provisions of the Average Balance Scheme, to earn interest. The details are as follows:

Average Balance Calculation Month

Average Balance of Danamon LEBIH PRO Savings

In USD

Interest Accrual Date

Calculation of Interest Earnings

(1% per annum of Danamon LEBIH PRO USD average balance)

March 2025

22,581.00

April 1, 2025

Interest (Gross) : USD 18.82

Taxes : USD 3.76

Interest to be earned (Nett) USD 15.05.

April 2025

15,000.00

May 1, 2025

Interest (Gross) : USD 12.50

Tax : USD 2.50

Interest to be earned (Nett) USD 10.00.

May 2025

14,000.00

June 1, 2025

Interest (Gross) : USD 11.67

Taxes : USD 2.33

Interest to be earned (nett): USD 9.33.

Total Interest Calculation Earned

The total received by Program A Participants is USD 34.39 (Nett)

Program A participants have fulfilled all the provisions of both the Time Deposit Scheme and the Average Balance Scheme. As a result, they are eligible to receive the Cashback Prize, which will be distributed five (5) months from February 15, 2025, with the following details:

Cashback Reward

Cashback Prize Calculation

Cashback Reward for Time Deposit Scheme (2.25%)

Cashback (Gross) : USD 41.25

Taxes : USD 9.17

So, the cashback that will be obtained by Program A Participants is USD 32.08 (Nett)

Cashback Reward for Average Balance Scheme (1.00%)

Cashback calculation will be carried out in June 2025, with the following details:

 

March

April

May

Cashback (Gross)

18.82

12.50

11.67

Tax

(3.76)

(2.50)

(2.33)

Cashback (Nett)

15.05

10.00

9.33

The total that Program A Participants will get is USD 34.39 (Nett).

Total Cashback Prize

The total cashback prize (Nett) of USD 66.47 will be credited to the Danamon LEBIH PRO USD Program Participant's account in June 2025

Program B Participants

Time Deposit Scheme

Program B participants have a Danamon LEBIH PRO Savings account with an IDR balance of IDR 10,000,000 (ten million rupiah) and a USD balance of USD 10,000. They participate in the Program by: Transferring Fresh Funds from other banks to their Danamon LEBIH PRO account in the amount of IDR 350,000,000 (three hundred and fifty million rupiah); Completing and signing the Program Participation Form; and Conducting foreign exchange transactions and placing USD Time Deposits with the following details:

USD 1 = IDR 15,500

Transaction

Date

Transaction Value

Fresh Fund placement by transfer from another Bank to Danamon LEBIH PRO Savings account (IDR currency)

February 03, 2025

IDR 350,000,000

Foreign exchange transactions from Danamon LEBIH PRO IDR to Danamon LEBIH PRO USD savings account through Danamon Bank branches

February 03, 2025

USD 22,581

USD Time Deposit Placement for 1 (one) month

February 03, 2025

USD 20,000

USD Time Deposit Maturity (Crediting of Deposit Principal and Interest 2.5%)

March 03, 2025

Program Participants will receive 2.5% Interest with the following calculations.

On Bilyet TD (Gross) : USD 41.67

Taxes: USD 8.33

So, Program A Participants will get USD 33.33 (Nett)


Average Balance Scheme

If the Program Participant fails to maintain the average balance of their Danamon LEBIH PRO savings account in USD for three (3) months, as required by the provisions of the Average Balance Scheme, the interest earned by the Program B Participant will be as follows:

Average Balance Calculation Month

Average Balance of Danamon Savings LEBIH PRO

in USD

Interest Accrual Date

Interest Earning Calculation (USD)

March 2025

6,000

April 1, 2025

Interest (Gross) : USD 1.25

Taxes : USD 0.25

Interest to be earned (Nett): USD 1.00

April 2025

4,000

May 1, 2025

Interest (Gross): USD 0.83

Taxes: USD 0.17

Interest to be earned (nett): USD 0.67

May 2025

4,000

June 1, 2025

Interest (Gross): USD 0.83

Taxes: USD 0.17

Interest to be earned (nett): USD 0.67

Total Interest Calculation Earned

The total received by Program A Participants (Nett) of USD 2.33 is only equal to the interest rate of Danamon LEBIH PRO Savings at 0.25% because they did not manage to maintain the average balance for 3 months.

Program B participants do not meet all the provisions of both the Time Deposit Scheme and the Average Balance Scheme. As a result, they are not eligible to receive the Cashback Prize.

Program C Participants

Time Deposit Scheme

Program C participants have a Danamon LEBIH PRO Savings account with a balance of IDR 10,000,000 (ten million rupiah). They participate in the Program by: Transferring Fresh Funds from other banks to their Danamon LEBIH PRO account in the amount of IDR 350,000,000 (three hundred and fifty million rupiah); Completing and signing the Program Participation Form; and Conducting foreign exchange transactions and placing USD Time Deposits with the following details:

USD 1 = IDR 15.500.00

Transaction

Date

Transaction Value

Fresh Fund placement by transfer from another Bank to Danamon LEBIH PRO Savings account in IDR

February 03, 2025

IDR 350,000,000

Foreign exchange transactions from Danamon LEBIH PRO IDR to Danamon LEBIH PRO USD savings account through Danamon Bank branches

February 03, 2025

USD 22,581

USD Time Deposit Placement for 1 (one) month

February 03, 2025

USD 20,000

Program participants cancel their participation and withdraw USD Time Deposits before the maturity date

March 03, 2025

Program participants will receive a counter rate interest of 0.25% with the following calculations.

Counter Rate (Gross): USD 4.17

Taxes: USD 0.83

So, Program A (Nett) Participants will get USD 3.33.

 

Customers must pay a penalty fee of IDR 150,000 for the disbursement of USD Time Deposit before maturity.

Average Balance Scheme
Program C participants are not eligible to participate in the Average Balance Scheme as they have canceled their enrollment in this program. Consequently, they will not receive the Cashback Prize. 

The following is an example of a simulation related to the program. 
Customer A
Time Deposit Scheme

Customer A has a Danamon LEBIH PRO iB Savings account with a balance of IDR 34,000,000 (thirty-four million rupiah). Customer A participates in the Program by: Transferring Fresh Funds from other banks to their Danamon LEBIH PRO iB account in the amount of IDR 350,000,000 (three hundred and fifty million rupiah); Completing and signing the Program Participation Form; and Conducting foreign exchange transactions and placing iB USD Sharia Deposits with the following details:


USD 1 = IDR 15,500

Transaction

Date

Transaction Value

Fresh Fund placement by transfer from another Bank to Danamon LEBIH PRO iB Savings account (IDR currency)

February 03, 2025

IDR 350,000,000

Foreign exchange transactions from Danamon LEBIH PRO IDR to Danamon LEBIH PRO iB savings account USD through Bank Danamon branches

February 03, 2025

USD 22,581

iB USD Sharia Deposit Placement for 1 (one) month

February 03, 2025

USD 22,000

Maturity of iB USD Sharia Deposit (Principal Crediting of Deposit and Profit Share at 2.5%)

March 03, 2025

Program participants will receive a 2.5% Profit Share with the following calculations.

On Bilyet TD (Gross): USD 45.83

Taxes: USD 9.17

So, Program A (Nett) Participants will get USD 36.67.

Average Balance Scheme
Furthermore, Program Participants maintain the average balance of Danamon LEBIH PRO iB savings in USD for 3 (three) months in accordance with the provisions of the Average Balance Scheme (both schemes, not just one) so as to obtain Cashback Prizes which will be given for 5 (five) months starting from February 15, 2025, with the following details:

Average Balance Calculation Month

Average Balance of Danamon LEBIH PRO Saving iB

in USD

Profit Sharing Date

Calculation of Profit Share (USD)

March 2025

22,581

April 1, 2025

-

April 2025

15,000

May 1, 2025

-

May 2025

14,000

June 1, 2025

-

Total Profit Share Calculation Obtained

The total received by Program A Participants is USD 0, because Danamon LEBIH PRO iB does not have a profit share (0%) because the contract is Wadiah.

 

Gift

Cashback Prize Calculation

Cashback Rewards for Time Deposit Scheme (2.25%)

Cashback (Gross): USD 41.25

Taxes: USD 9.17

So, the cashback that Program A Participants will get is USD 32.08.

Profit Sharing

Customers do not get profit sharing because Danamon LEBIH PRO iB has a Wadiah (deposit) contract, so the profit share is 0%.

Voucher Reward for Average Balance Scheme (2.00%)

The calculation of the Voucher will be carried out in June 2025, the details are as follows.

 

March

April

May

Voucher (Gross)

37.64

25.00

23.34

Tax

(7.52)

(5.00)

(4.66)

Voucher (Online)

30.12

20.00

18.68

The total that Program A participants will earn is USD 68.8

Total Cashback Prize

The total prize of the Voucher is USD 68.8 or equivalent to IDR 1,066,400. The voucher received by the customer is IDR 1,050,000 (voucher in multiples of IDR 50,000 in denomination) and will be sent to the customer in June 2025



Program B Participants

Time Deposit Scheme

Program B participants have a Danamon LEBIH iB Savings Account with a balance of IDR 10,000,000 (ten million rupiah) and a USD balance of USD 10,000. They participate in the Program by transferring Fresh Funds from other banks to Danamon LEBIH iB in the amount of IDR 350,000,000 (three hundred and fifty million rupiah), completing and signing the Program Participation Form, making foreign exchange transactions, and placing iB USD Sharia Deposits with the following details:

USD 1 = IDR 15,500

Transaction

Date

Transaction Value

Fresh Fund placement by transfer from another Bank to Danamon LEBIH PRO iB Savings account in IDR

February 03, 2025

IDR 350,000,000

Foreign exchange transactions from Danamon LEBIH PRO iB IDR currency savings account to Danamon LEBIH PRO iB in USD via Bank Danamon branches

February 03, 2025

USD 22,581

iB USD Sharia Deposit Placement for 1 (one) month

February 03, 2025

USD 20,000

Maturity of iB USD Sharia Deposit (Principal Crediting of Deposit and Interest 2.5%)

March 03, 2025

Program participants will receive a 2.5% Profit Share with the following calculations.

On Bilyet TD (Gross): USD 41.67

Taxes: USD 8.33

So, Program A Participants will get USD 33.33 (Nett)

Average Balance Scheme
Furthermore, the Program Participant fails to maintain the average balance of their Danamon LEBIH PRO savings in USD currency for 3 (three) months, as required by the provisions of the Average Balance Scheme. Consequently, the interest earned by the Program B Participant is as follows:

Average Balance Calculation Month

Average Balance of Danamon LEBIH PRO Savings iB

in USD

Interest Accrual Date

Interest Earning Calculation (USD)

March 2025

6,000

April 1, 2025

-

April 2025

4,000

May 1, 2025

-

May 2025

4,000

June 1, 2025

-

Total Interest Calculation Earned

The total received by Program A Participants is USD 0, because Danamon LEBIH PRO iB does not offer a profit share (0%) as the contract is Wadiah.

Customers who do not maintain an average balance for 3 consecutive months, they will no eligible to getting a prize in the form of a voucher.

Program B participants do not meet all the provisions of the Time Deposit Scheme and the Average Balance Scheme; therefore, they do not receive the Voucher Prize.

Program C Participants

Time Deposit Scheme

Program C participants have Danamon LEBIH PRO iB Savings with a balance of IDR 10,000,000 (ten million rupiah). Program C participants participate in the Program by transferring Fresh Funds from other banks to Danamon LEBIH PRO iB in the amount of IDR 350,000,000 (three hundred and fifty million rupiah), filling out and signing the Program Participation Form, as well as making foreign exchange transactions and placing iB USD Sharia Deposits with the following details:

USD 1 = IDR 15,500

Transaction

Date

Transaction Value

Fresh Fund placement by transfer from another Bank to Danamon LEBIH PRO iB Savings account in IDR

February 03, 2025

IDR 350,000,000

Foreign exchange transactions from Danamon LEBIH PRO iB savings account in IDR to Danamon LEBIH PRO iB USD via Bank Danamon branches

February 03, 2025

USD 22,581

iB USD Sharia Deposit Placement for 1 (one) month

February 03, 2025

USD 20,000

Program participants cancel their participation and withdraw their iB USD Sharia Deposit before the maturity date

March 03, 2025

Program participants will get a counter rate profit share of 0.25% with the following calculations:

Counter Rate (Gross): USD 4.17

Taxes: USD 0.83

So, Program A Participants will get USD 3.33 (Nett)

 

Customers must pay a benefit return fee of IDR 150,000 for the disbursement of iB USD Sharia Deposit before maturity.

Average Balance Scheme
Program C participants are not eligible to participate in the Average Balance Scheme because they have opted out of the program. Consequently, they will not receive Cashback Rewards from the Time Deposit Scheme. 

  1. Program participants can submit complaints about banking products/services either orally or in writing through the nearest Bank Danamon branch office, Hello Danamon (1-500-090), or via email at hellodanamon@danamon.co.id.
  2. The procedure for submitting complaints can be accessed through the Bank Danamon Complaint Handling Process website at https://www.danamon.co.id/id/Personal/Lainnya/Proses-Penanganan-Keluhan-Nasabah  
  1. The General Terms and Conditions of this Program are an integral part of the following documents: "General Terms and Conditions of Accounts and Banking Services of PT Bank Danamon Indonesia Tbk," "General Terms and Conditions of Sharia Banking Accounts and Services of PT Bank Danamon Indonesia Tbk," "General Terms and Conditions of Danamon LEBIH PRO," "General Terms and Conditions of Danamon LEBIH PRO iB," "General Terms and Conditions of Time Deposits," "General Terms and Conditions of Sharia Time Deposits," and/or other Terms and Conditions related to banking products and/or services. In the event of any discrepancy or conflict between these provisions and the General Terms and Conditions of the Program, the General Terms and Conditions of the Program shall prevail.
  2. MAP Voucher Prizes, products, and/or services from PT Mitra Adiperkasa Tbk (MAPI) are not the products or responsibilities of Bank Danamon and are therefore entirely the responsibility of MAPI. Any issues or complaints related to the products and/or services from MAPI should be directed to MAPI customer service at cs@mapgiftvoucher.com.
  3. The Program Participant agrees and acknowledges that Bank Danamon has the right to amend, revise, or supplement the General Terms and Conditions of this Program as needed. Any changes will be communicated via available channels. If changes impact the benefits, risks, costs, terms, or conditions of this Program, the Program Participant has the right to submit objections in writing within 30 (thirty) working days from the notification date. If no objections are raised within this period, the changes will be considered accepted. If the Program Participant disagrees, they may cancel participation in the Program by fulfilling all outstanding obligations to Bank Danamon (if any).
  4. The Program Participant affirms that no transactions will involve money laundering or other illegal activities under Indonesian law.
  5. In cases of fraud, misuse, transaction irregularities, money laundering, or any unlawful activities, Bank Danamon reserves the right to cancel transactions, terminate the use of its products/services, revoke Program participation, or cancel Program benefits. The Program Participant remains responsible for any outstanding obligations to Bank Danamon.
  6. Program Participants should report any irregularities or suspected fraud related to the Program immediately to Hello Danamon.
  7. The General Terms and Conditions of this Program are aligned with current laws and regulations, including those set by the Financial Services Authority.
  8. PT Bank Danamon Indonesia Tbk is licensed and supervised by the Financial Services Authority and Bank Indonesia and is a participant in the Deposit Insurance Corporation. 

NOTICE

Program Participants are advised to be cautious of fraud committed by individuals claiming to represent Bank Danamon and offering prizes in any form. Any fraudulent or criminal activities conducted by third parties, whether related to or on behalf of the Program, are not the responsibility of Bank Danamon.

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