BCA - Local Currency Transaction

Local Currency Transaction

Outward Remittance service transaction to Malaysia, Thailand, Japan, and China settled using the respective local currencies of the related countries, Malaysian Ringgit (MYR), Thai Baht (THB), Japanese Yen (JPY), Chinese Yuan (CNY), or Indonesian Rupiah (IDR), which is more convenient and gives you more benefits to your trade of goods and services transaction.

Benefit

Wide scope of transaction purpose

Local Currency Transaction can be used for a wide scope of transaction purpose, i.e

All payment for trades of goods and service activity between Indonesia with the related countries (excl. grants, donation, etc)
Payment for education, health service, and living cost
Payment and receipts related to employment fund
Transfer of income and payment for investment (direct investment, portfolio, etc)

Ease of transaction

Competitive price and rates
Investment alternative using related local currency
Faster transaction settlement
Easier requirement related to underlying document regulation for buy/sell foreign currency transaction above the regulated threshold
LCT transaction can open opportunity of obtaining customs and excises incentives in the form of minimized operational risks and chances of your imported goods being put on hold for inspection. To apply for customs and excise incentives, you need to:
- Submit underlying document for every LCT transaction to BCA (mandatory although the transaction nominal is below the threshold)
- Submit the same invoice that you process for Import Notification Registration (PIB) to BCA
- LCT transactions must be carried out no later than D-2 before PIB registration

Special Promo

100% Telex Fee Cashback for every LCT transaction in MYR, THB, and CNY currencies that uses Rupiah source of fund, valid until 31^st December 2024

Important Information

Informasi	Mata Uang
Informasi	JPY	CNY	MYR	THB	IDR
LCT Transaction	Transfer in foreign currency can only be transferred to all bank in currency Country e.G JPY to Bank in Japan CNY to Bank in China				Transfer in Rupiah can only be transferred to ACCD1) Bank in China, Japan, Malaysia, and Thailand
Amount per transaction for Underlying Document Requirement of Foreign Currency Transaction (Buy/Sell)	> USD 500,000 (eq.)	Any amount	≥ USD 200,000 (eq.)		-
Amount per transaction for Underlying Document Requirement of Transfer in Foreign Currency & Rupiah	> USD 500,000 (eq.)	Any amount	≥ USD 200,000 (eq.)		Following the amount threshold of each LCT currency
Cut-off time Value today²⁾	09.00	12.00	10.30		14.00

Note:

1) Appointed Cross Currency Dealer (ACCD) is the Bank appointed by Central Bank to facilitate LCT transaction.

2) Value Today is fund received by the Beneficiary Bank on the same day. Value Today transaction is available before the cut-off time for each currency

Fees and Charges

Information	Currency
Information	JPY	CNY	MYR	THB	IDR to Japan	IDR to Other Countries
Telex	IDR 50.000
Value today	IDR 30.000
Full amount³⁾	Min. JPY 3.000^*)	USD 10 (eq.) ^**)	USD 25 (eq.)		Min. JPY 4.000 ^***)	IDR 200.000 ^**)
In lieu of exchange⁴⁾	0.125% x Transfer Amount min USD 5 (eq.) – max USD 150 (eq.)		Flat USD 5		-

Note:

^*) Full amount fee of Min. 3,000 JPY is only for transactions to ACCD Bank as follows:

^**) Specifically transaction using KlikBCA Bisnis Integrated Solution (KBB-IS), transaction fee for full amount is eq. USD 25.

^***) Specifically transaction using KlikBCA Bisnis Integrated Solution (KBB-IS), transaction fee for full amount is min. JPY 3,000.

Sumitomo Mitsui Banking Group
Bank of Tokyo (MUFG)

³⁾ Full amount is transaction received in full by the Beneficiary.

⁴⁾ In lieu of exchange is the fee charged if the currency’s source of fund is the same as the currency of the transaction.