Tabungan FlexiMAX iB

FlexiMAX iB is a saving account based on sharia principles by PT Bank Danamon Indonesia, Tbk. (“Bank Danamon”) for individual customers. 

Contract

Mudharabah (Profit Sharing)

Benefit

With minimum balance of Rp25,000,000, FlexiMAX iB gives you simplicity in banking transactions and financial benefits : 

1. Free month administration fee if average balance minimum Rp50,000,000.
   
2. Free RTGS transfer fee up to 25 x per month, free SKN transfer fee up to 25 x per month, free transfer fee via BI Fast up to 25 x per month via D-Bank Pro balance before transaction minimum Rp25,000,000.
   
3. Free withdrawal fee in ATM outside Indonesia (Cirrus/Maestro) up to 25 x kali per balance before transaction minimum Rp50,000,000.
4. Competitive profit sharing 

Features FlexiMAX iB

Bank Danamon Debit/ATM Card Facilities

Bank Danamon Debit/ATM Card can only be given to individual customer.

Bank Danamon Debit/ATM Card can be used for transactions at:

1. Automatic Teller Machines (ATM) of Bank Danamon, ATM Bersama, ALTO, Prima, and any other ATMs bearing the Maestro or Cirrus.
2. Bank Danamon Cash Deposit Machine (CDM).
3. Merchants that utilize Electronic Data Capture (EDC) machines bearing the Maestro, Mastercard and Mastercard Electronic logo.
4. Call center Hello Danamon 1-500-090

Danamon Debit/ATM Card Transaction Guidelines:

1. Customers must change the PIN given by Bank Danamon before using the card for its first transaction
2. The Debit/ATM Card and PIN can only be used by the customer alone and cannot be borrowed to anybody else.
3. Change your PIN periodically, avoid PIN codes that are easy to guess like birth and wedding dates
4. Make sure that your Debit/ATM Card has been signed on the back side of the card.
5. Make sure that your balance is enough to perform transactions such as cash withdrawal, posting, transfer, bill payment etc.
6. Entering the wrong PIN for 3 times in a row in the same day will cause the card to be blocked
7. Your PIN is private and confidential, not to be shared with/informed to anyone.
8. Do not write your PIN on the Debit/ATM Card.
9. Before any debit transaction at a merchant, ask beforehand if the mechant is charging any additional fees.
10. Ensure that no one sees your PIN when using the Debit/ATM Card at a merchant.
11. On a transaction, your Debit/ATM Card should only swiped once at merchant’s EDC. Please check the nominal stated upon your confirmation.
12. Keep your transaction slip from any merchant until the transaction is guaranteed from any issue.
13. If the Debit/ATM Card is lost/stuck, immediately contact Hello Danamon 1-500-090 to block your card.

Risk

Risk of profit sharing.

Cost

Simulation 

1. Profit Sharing Calculation of FlexiMAX Corpora iB

   Proft Sharing Calculation

   Formula for calculating profit sharing based on average balance on 1 (one) current month is:   Profit Sharing = Average Balance x Income Allocation x Profit Sharing Ratio Product Average Balance   Then, the elaboration of profit sharing calculation is as follows:   Average Balance Danamon Save iB : 1.000.000.000 Product Average Balance Danamon Save iB : 10.000.000.000 Income Allocation : 1.000.000.000 Profit Sharing Ratio : 20%   Profit Sharing (Gross) : 10.000.000.000 x 6.000.0000.000 x 20% = 1.714.259 / month 700.000.000.000

   Average Balance Calculations

   Calculation		Amount	Notes
   Customer’s Balance Under Minimum
   Account Balance :
   - On the 16th = Rp5,000,000	- on the 20th = Rp50,000,000
   - on the 17th = Rp100,000,000	-on 21-30th = Rp55,000,000
   - on the 18th = Rp30,000,000	- on 1-15th = Rp45,000,000
   - on the 19th = Rp25,000,000
   Average Balance :
   (1 x Rp5,000,000) + (1 x Rp100,000,000) + (1 x Rp30,000,000) +
   (1 x Rp25,000,000) + (1 x Rp50,000,000) +
   (10 x Rp55,000,000)+(15 x Rp45,000,000)
   30		Rp47,833,333
   Below minimum balance fee		Rp250,000	( < Rp50,000,000 will incure administration fee)

Terms and Procedures

FlexiMAX  iB account opening request can be done by customers at Bank Danamon branch offices by fulfilling terms/conditions set by Bank Danamon as follow:

• The customer fills in and signs the Customer Data and Account Registration Form.
• Customers submit the required documents:
  1. Valid ID (KTP/ Driving License/ Passport) copy.
  2. Other documents that required by Bank Danamon.

Important Notes:

1. Bank has the right to reject application of product or servicesfrom customer if they do not meet applicable requirement and  regulations.
2. Client need to read accordingly this Product Information Summary and has the right to ask to Bank Staff any information related to this Product Information Summary document