Remittance is a bank service to move a certain amount of funds in accordance with customer orders intended for the benefit of the recipient of the transfer or remittance received by the bank which will be forwarded to the recipient.
Issuer Name
Bank Sumsel Babel
Main Features/Facilities:
Outgoing and domestic remittances in several foreign currencies
Receive remittances from overseas in USD, JPY, EURO, and SGD (domestic remittances only)
Benefits
Incoming Remittance
a. Provide convenience in remittance/payment transactions in Foreign Exchange to all over the world b. Remittance / payment transactions will be safer and faster c. Competitive fees d. Served at all Bank Sumsel Babel Branch Offices e. Services are available for account holder customers, as well as non-customers f. Funds can be received in cash or non-cash (Account Crediting) both in IDR (Indonesian Rupiah) and foreign currencies (USD, EUR, SGD)
Outgoing Remittance (Outgoing Transfer) a. Provide convenience in remittance/payment transactions in Foreign Exchange to all over the world b. Competitive transaction fees c. Remittance/payment transactions will be safer and faster d. Services are available to both customers and walk-in customers e. Services are available at all Bank Sumsel Babel Branch Offices f. Source of Funds can be cash, non-cash (Account Debit)
Fees
Transfer Out (OTR) 1. OTR Cover IDR rate: Provision Fee + OBLN 2. OTR Cover Banknote: Provision fee + OBLN + In Lieu of Exchange Rate (OTR) Rate Description: a. Provision Fee: IDR 50,000,- b. Overseas Bank Charges 1) USD OBLN: USD25.00 2) OBLN EUR : EUR30.00 3) OBLN SGD : SGD30.00 c. In Lieu of Change (OTR): 0.125% x nominal (min. USD5, max. USD150) 3. Amendment: USD5.00 per amendment + correspondent bank charges according to currency 4. Cancellation on req of sending customer: USD10.00 + correspondent bank charges according to currency
Transfer In (ITR) 1. Administration Fee: Free 2. Cancellation by remitting bank (remitting bank burden) : USD10.00
Advantages
Remittance transaction can be done in all Bank Sumsel Babel branches, both foreign exchange and non-foreign exchange branches.
