BCA - Smartcash Account

Rekening Smartcash

Cash funding account that can be used as payment source to distributor

Risk

For each transaction, the Account Holder or any person nominated by the Account Holder must sign a receipt for the goods and or a sales slip/slip for the transaction. The Account Holder's failure to sign the receipt for the goods and or the sales draft/slip for the transaction will not relieve the Account Holder of their obligation to pay the billing amount arising from the transaction.

BCA is not liable for:

Any transaction rejection by the merchant
The quality of the goods and or services provided by the merchant in connection with any transaction made by the Account Holder.
Any complaint by the Account Holder about the matter mentioned above must be resolved directly between the Account Holder and the merchant. Any claim brought by the Account Holder against the merchant will not excuse the Account Holder from not performing or suspending the Account Holder's obligation to pay any outstanding amounts related to the transaction to BCA.

If the Account Holder finds any transaction not made by the Account Holder in the BCA Smartcash Account Billing Statement, the Account Holder must immediately raise a question or objection via Halo BCA and subsequently submit a written statement of objection in respect of the transaction no later than 30 calendar days from the date of the BCA Smartcash Account Billing Statement, by providing the following information:

Account Holder's name and customer number
Transaction date
Details of the transaction and the amount disputed
Reasons for raising the objection
Account Holder's signature

Mechanism for Smartcash Distributor Financing

The retailer places an order for the goods with the distributor (as the account holder)
The distributor provides BCA with the retailer’s transaction data for confirmation
The distributor delivers the goods to the retailer
The distributor receives the payment from BCA
The retailer opens a BCA Smartcash account (virtual account) to guarantee the transactions with the distributor
The retailer can make payments to BCA at any time, either before or after receiving a billing statement (Credit Card Account)

Requirements

Individual customer, Indonesian Citizen (WNI), living in Indonesia, aged 21 years minimum and 65 years maximum
Monthly business turnover of at least Rp 30,000,000 and at least two years’ existence in the business
Original documents from the distributor

Documentary Requirements

A copy of the Resident ID Card (e-KTP)
A copy of the Savings/Current Account Statement for the last 3 (three) months
A copy of the Professional/Practicing License *)
A copy of the Deed of Establishment, Trade Business License (SIUP), and Company Registration Certificate (TDP)
A copy of the Tax ID Number (NPWP) Card **)
A copy of the Credit Card Account Statement for the last 3 months (if any)

*) Only for professionals

**) Mandatory for a loan with a credit limit of Rp100,000,000

Fee and Limit

Type of Fee	Fee Amount
Annual Fee
- Card limit of IDR10 million - IDR50 million	IDR250,000
- Card limit above of IDR50 million - Rp250 million	IDR500,000
Cash Advance Fee	Free
Overlimit Charge	IDR40.000/transaction
Minimum Payment	5% of the total billing amount or a minimum of IDR50,000
Late Payment Charge	1% or a maximum of IDR100,000
Sales Draft Printing Charge	IDR30,000
Billing Statement Printing Charge	IDR10,000
Card Replacement Fee	IDR50,000
Purchase Transaction Interest Rate	1.75% effective/month with a grace period of 15-45 days
Cash Withdrawal interest rate	1.75% effective/month without the grace period of 15-45 days

Notes:

BCA reserves the right to change the above rates and fees by providing the customer with a notice in any form and by any means

Card Transaction Simulation

Interest: 1.75% per month

Minimum Payment: 5% of the total bill

In February:

Transaction 1 (01/02/2024) IDR10,000,000

Transaction 2 (10/02/2024) IDR5,000,000

RECORDED BILLING DATA

Billing account dated 18/02/2024

Date	Description	Amount (IDR)
	Old Balance	0
2/1/2024	Transaction 1	10,000,000
2/10/2024	Transaction 2	5,000,000
	Interest*	129,452
2/18/2024	New Balance	15,129,452

*) Interest Calculation

Transaction Date	Day	Calculation	Amount (IDR)
01/02/2024 - 18/02/2024	18	IDR10,000,000 x 1.75% x 12 months x (18/365) days	103,562
10/02/2024 - 18/02/2024	9	IDR5,000,000 x 1.75% x 12 months x (9/365) days	25,890
		Total Interest	129,452

PAYMENT ACCORDING TO BILL

If payment on the bill is made on 20/02/2024, then the billing account on 18/03/2024 will be stated as follows:

Date	Description	Amount (IDR)
	Old Balance	15,129,452
2/20/2024	Payment	15,129,452
	Interest *)	17,260
3/18/2024	New Balance	17,260

*) Interest Calculation:

Transaction Date	Day	Calculation	Amount (IDR)
19/02/2024 - 20/02/2024	2	IDR10,000,000 x 1.75% x 12 months x (2/365) days	11,507
19/02/2024 - 20/02/2024	2	IDR5,000,000 x 1.75% x 12 months x (2/365) days	5,753
		Total Interest	17,260

MINIMUM PAYMENT (5% of the total bill or minimum of IDR50,000)

If the payment on the bill is made on 20/02/2024, then the billing account on 18/03/2024 will be stated as follows:

Date	Description	Amount (IDR)
	Old Balance	15,129,452
2/20/2024	Payment	756,473
	Interest *)	240,534
3/18/2024	New Balance	14,613,513

*) Interest Calculation:

Transaction Date	Day	Calculation	Amount (IDR)
19/02/2024 - 20/02/2024	2	IDR10,000,000 x 1.75% x 12 months x (2/365) days	11,507
19/02/2024 - 20/02/2024	2	IDR5,000,000 x 1.75% x 12 months x (2/365) days	5,753
21/02/2024 - 18/03/2024	27	IDR(15,129,452 – 756,473) x 1.75% x 12 bln x (27/365) days	223,273
		Total Interest	240,534

Note :
Smart Cash interest will only stop if the arrears have reached 180 days.

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Rekening Smartcash

Why Smartcash Account?

Flexible

Comfortable

Competitive Rate