14 Dec 2022 | Edukatips

Hassle-Free Foreign Currency Transaction to BCA Account via myBCA

With myBCA, now foreign currency transfer can be done anytime and anywhere. Currently, the foreign currency transaction to BCA account are available for 10 foreign currencies, which are United States Dollar (USD), Singapore Dollar (SGD), Chinese Yuan (CNY), Japanese Yen (JPY), Australian Dollar (AUD), Hong Kong Dollar (HKD), Euro (EUR), Pound Sterling (GBP), Thai Baht (THB), and Malaysian Ringgit (MYR).

Make the most out of the convenience offered by myBCA by using Underlying Documents menu to upload underlying documents for foreign currency transactions exceeding the threshold.

But first, have you known how to do foreign currency transaction to BCA Account and how to upload underlying documents on myBCA? Let’s take a look at the procedure below!

Foreign Currency Transaction to BCA Account

  1. Log in to myBCA
  2. Select "Transfer"
  3. Select "Transfer to BCA Account"
  4. Choose the beneficiary account from beneficiary list or select "Transfer to new beneficiary" if the beneficiary account is not registered.
  5. Choose the source of fund
  6. Choose the currency
  7. Choose the transaction purpose category
  8. Click "Continue"
  9. If the accumulated foreign currency purchase in a month has reached the threshold of above equivalent USD 100,000, please upload document underlying in the Underlying Documents menu*
  10. Ensure the transaction details, then click “Continue”
  11. Transfer successful
    (marked with a green check mark at the very top of the page)

*Foreign currency transaction to BCA Account using underlying documents can only be made to accounts under the same name

Underlying Documents

Transactions are required to provide underlying documents for these condition:

  • the accumulated foreign currency purchase in a month has reached the threshold of greater than or equal to (≥) USD 100,000 (or equivalent); or
  • the accumulated Local Currency Transaction (LCT) with MYR and THB currency has reached the threshold of greater than or equal to (≥) USD200.000 (or equivalent) per transaction.

How to Upload Underlying Documents

  1. Log in to myBCA
  2. Select “Transfer”
  3. Select “Underlying Documents”
  4. Select “Upload Documents”
  5. Select “Beneficiary Country”
  6. Click “Upload Document” to submit underlying documents
  7. Complete the information about Document Type, Document Number, Beneficiary Bank, Beneficiary Account No., Beneficiary Name, and Amount
  8. Click “Continue”
  9. Ensure the completed data, then click “Continue”
  10. Enter the transaction PIN
  11. Underlying documents submission will be processed

How to Check Underlying Documents Verification Status

  1. Log in to myBCA
  2. Select “Transfer”
  3. Select “Underlying Documents”
  4. Check the uploaded documents verification status
  5. Only the document with the status of “Approved” can be used for Outward Remittance transaction

Foreign Currency Transaction to BCA Account are getting easier. So, what are you waiting for? Let's use myBCA. Kindly share this useful information, Goodfriends.

For further information, please contact Halo BCA 24-hours service at 1500888 or type #halobca via Whatsapp to 0811 1500 998, and Halo BCA Chat at www.bca.co.id or mention us on Twitter account: @HaloBCA.