With Wadiah Savings by PT. Bank Danamon Indonesia, Tbk. (“Bank Danamon”), the customer’s personal savings account is placed under safekeeping following sharia principles (wadiah agreement).
Customer Benefits when opening a Wadiah Savings account:
- No Admin Fee
Customers are not charged a monthly administration fee
- No Transaction Fees for checking balance, cash withdrawals, and online transfers
Customers are not charged for checking balance, cash withdrawals and online transfers for up to 10 transactions per month.
- Latest Transaction Features
Customers enjoy convenient services, anytime and anywhere, using the most up-to-date transaction features and facilities such as mobile banking (D-Bank PRO), Internet banking (Danamon Online Banking), Danamon SMS, ATM and Hello Danamon.
Upon opening a Wadiah Savings account, the customer automatically receives a Danamon Debit/ATM Card for all the following needs:
Wadiah Savings Account Features
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Product Name
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iB Wadiah Savings
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Product Type
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Transactional Account
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Agreement/Scheme
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Wadiah
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Profit Share
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None
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Currency
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Rupiah (Rp)
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Initial deposit
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Rp 100.000
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Monthly administration fee
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Free
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Minimum balance on hold
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Rp 0
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Minimum maintaining balance (no administration fee)
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Rp 0
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Administration fee for below minimum balance
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Rp 0
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Minimum maintaining balance (dormant account)
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Rp 0
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Dormant account administration fee
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Rp 0
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Account closure fee
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Rp 0
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Method of Reporting
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Statement / E-statement
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Features / Benefits
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- FREE monthly administration for savings account
- FREE cash withdrawal at all Danamon, Bersama, ALTO and Prima ATMs
- FREE checking of account balance at all Danamon, Bersama, ALTO and Prima ATMs
- FREE transfers using all Danamon, Bersama, ALTO and Prima ATMs or Internet banking
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General Terms and Conditions
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- The process for opening, maintaining and closing a savings account follows applicable banking procedures.
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Product Terms and Conditions
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FREE facility for monthly administration regardless of any amount of balance
FREE transaction facilities on ATM channels:
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Item
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Wadiah iB Savings Transaction Terms and Conditions
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Danamon ATM
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Cash withdrawal
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Free of charge (no minimum balance requirement). Free up to maximum of 10 cash withdrawals per month.
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Checking of balance
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Free of charge without a minimum balance requirement for up to maximum of 10 times per month.
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Transfer
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Free of charge without a minimum balance requirement for up to maximum of 10 transfers per month.
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Internet Banking
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Transfer
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Free of charge without a minimum balance requirement for up to maximum of 10 transfers per month.
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*This free transaction facility can change any time according to the Bank's policy. Changes will be notified at least 1 month prior to the implementation of changes through various media including bank website, emails, ATMs, etc.
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DEBIT CARD / DANAMON ATM FACILITY
Debit Card / Danamon ATM can be issued only to individual customers. Use the Danamon Debit/ATM Cards for these transactions:
- Automated Teller Machines (ATMs) of Bank Danamon, ATM Bersama, ALTO, Prima or other ATMs with the Maestro or Cirrus logo.
- Bank Danamon Cash Deposit Machine (CDM).
- Establishments (merchants) with installed Electronic Data Capture (EDC) machines bearing the logos of Maestro, Mastercard and Mastercard Electronic.
- Hello Danamon service 1-500-090.
Important customer reminders when making transactions using Danamon Debit/ATM Cards:
- Upon receiving the card, change the bank-assigned PIN before making your initial transaction.
- The Debit / ATM Card and PIN are for the customer’s own/exclusive use and should not be handed over / lent to others.
- Change your PIN regularly. Avoid easy-to-guess PINs such as dates of birth, anniversaries, etc.
- Affix your signature on the back of the Debit / ATM Card.
- Ensure you have sufficient balance before making any transaction, such as cash withdrawals, book-entry, transfers, bill payments and others.
- Entering the wrong PIN three consecutive times within the same day will result to a blocked card.
- Keep your PIN private and confidential.
- Never write your PIN on the Debit/ATM Card.
- Prior to any debit transaction, ask the merchant for possible additional fees.
- While making a debit transaction, ensure that the PIN you are entering is only visible to yourself.
- Ensure that the EDC machine shows the correct transaction amount before entering your PIN.
- Keep the purchase transaction slip in case of possible merchant or transaction-related problems.
- In case your Debit/ATM Card is lost or stuck/swallowed by an ATM, immediately contact Hello Danamon 1-500-090 to block the card.
Requirements and Procedures
To open a Wadiah Savings Account, apply at your preferred Bank Danamon branch office and follow the bank conditions/requirements, as follows:
- Accomplish and sign the Customer Data and Account Opening Form
- Attach the required supporting documents, including:
- Copy of valid Identity Card (KTP/ SIM/Passport).
- Copy of TIN
- Other documents
- For inquiries, please contact:
The nearest Bank Danamon branch, or call Hello Danamon 1-500-090.
