BCA - BCA Dollar

BCA Dollar

BCA Dollar is a savings product used to save and invest in foreign currencies USD or SGD.

Key Features

Available in 2 currencies, United States Dollar (USD) and Singapore Dollar (SGD).
Minimum initial deposit of USD100 or SGD200.
No minimum balance is held.
No minimum average monthly balance required.
Competitive interest rates.
The guaranteed interest rate is based on the applicable interest rate information available on the Deposit Insurance Corporation (LPS) website.
Customers can receive e-Statement information via the Application and website.

Benefits

Customers can save in foreign currency (USD/SGD).
Customers can make banking transactions through available branches and channels.
Customers may receive information and offers related to BCA products and services.
Customers will receive a BCA Dollar Card, which can be used to make transactions at the Counter (BCA Branch) and as a BCA ATM Card.

Risks

LPS does not guarantee savings accounts with balances exceeding IDR2 billion and interest rates exceeding the interest rate set by LPS. 
Deposited banknotes cannot be withdrawn on the same day.
Fluctuations in the exchange rate are in line with market conditions.
Misuse of cards, PINs, passwords, OTPs, and User IDs/BCA IDs due to customers’ negligence.

Requirements and Procedures

The account opening is reserved for individual customers, including Indonesian citizens and foreigners holding an identity card.
Fill out and approve the account opening application form.
Prepare the required documents.

Type of Customer	Required Documentation
Adult Individual	Identity Card (electronic Resident ID Card (e-KTP) for Indonesian citizens/Passport for foreign citizens)
	Stay Permit (Limited Stay Permit (KITAS) /Permanent Stay Permit (KITAP)), for foreign citizens
	Tax ID Number (NPWP)*, for Indonesian citizens

Note:

If the customer does not have/does not have an NPWP, it can be replaced with a Statement Letter stating that the customer does not have an NPWP.

Account Facility

Customers who have a BCA Dollar account can use the following facilities:

haloBCA application

Download the haloBCA app for easier access to resolve banking issues across platforms, including free calls, chat, email, and X (Twitter).

Fees, Limits & Interest Rates

Fees

Income tax withholding: 20% of the interest amount.
No penalty will be imposed if the customer’s average balance does not reach the minimum monthly average balance.
Fee for card issuance/replacement: USD1,5 or SGD2.
Monthly administration fee: USD1 or SGD2.
Fees for Interbank transactions on the ATM network:-
Fees for funds transfer from BCA Dollar as the source account are as follows:

Description	Between BCA Accounts	Interbank (Outward Remittance)
Via BCA Branch Office	Free	IDR50,000
Via e-Channel	Free	IDR35,000
Fee (funds remittance in the same currency)	Free	0.125% Min. USD5, max. USD150

The complete list of Outward Remittance (OR) fees can be viewed on BCA’s official website at www.bca.co.id.
Any withdrawal of banknotes at a BCA branch office in excess of USD/SGD1,000 must be notified to BCA 1 (one) day in advance; otherwise, the customer will be charged a fee of IDR100,000.
Account closure fee: USD5/SGD2.

Limit

Below are the daily limits for BCA Dollar transactions:

Type of Transaction	Limit
Via BCA ATM
Cash Withdrawal ¹⁾	IDR15,000,000 (equivalent)
Transfer between BCA Accounts ²⁾	IDR100,000,000 (equivalent)
Via m-BCA
Transfer between BCA Accounts ²⁾	IDR100,000,000 (equivalent)
Via myBCA
Transfer to Own BCA Account³⁾	No limit
Transfer between BCA Accounts ⁴⁾	IDR300,000,000 (equivalent)
Cash Withdrawal Without a Card (Cardless) ⁵⁾	IDR15,000,000 (equivalent)
Via Internet Banking
Transfer between BCA Accounts ⁶⁾	IDR500,000,000 (equivalent)

Last Update: January 19^th, 2024

¹⁾ The limit for cash withdrawals using the BCA Dollar card is a combined limit with the limit for cardless cash withdrawals.

²⁾The limit for transfers between BCA Accounts via the BCA ATM is a combined limit with the limit for transfers between BCA Accounts via m-BCA.

³⁾ Applicable to transfers to all Own BCA Accounts (Rupiah/foreign currency accounts).

⁴⁾ The combined limit for transfers between BCA accounts other than transfers to own accounts is the maximum daily transaction limit per BCA ID. The complete information on myBCA transaction limits can be viewed on BCA’s official website at www.bca.co.id.

⁵⁾ The daily limit for cash withdrawals without a card (cardless) via myBCA mobile per BCA ID.

⁶⁾ The combined limit for transfer transactions via Internet Banking is the maximum daily transaction limit per user ID. The complete information on Internet Banking transaction limits can be viewed on BCA’s official website at www.bca.co.id.

The Customer can deposit and withdraw Banknotes with a 1:1 condition (not subject to the applicable exchange rates for the same currency), subject to the following provisions:

Type of Transaction	Amount
Deposits^*
BCA Dollar USD
Deposit of up to USD50,000/day/account	1:1
Deposit of more than USD50,000/day/account	Subject to a 0.5% fee on the excess amount
BCA Dollar SGD
Deposit	1:1
Withdrawals
BCA Dollar USD
Withdrawal of up to USD10,000/month/account	1:1
Withdrawal of more than USD10,000/month/account	Subject to a 0.5% fee on the excess amount
BCA Dollar SGD
Withdrawal of up to SGD10,000/month/account	1:1
Withdrawal of more than SGD10,000/month/account	Subject to a 0.5% fee on the excess amount

*Note: Deposits of Banknotes that are not in good physical condition and/or are in small denominations into a foreign currency account denominated in the same currency will be processed with a 1:1 condition, but the customer will be charged a 0.25% fee.

Interest Rates

BCA Dollar USD

Balance (USD)	Interest rate (%pa)
< USD1,000	0.05 %
≥ USD1,000 - < 10,000	0.08 %
≥ USD 10,000 - < 50,000	0.15 %
≥ USD 50,000 - < 100,000	0.25 %
≥ USD 100,000 - < 200,000	0.50 %
≥ USD 200,000	0.80 %

Last Update: December 1^st, 2023

BCA Dollar SGD

Balance (SGD)	Interest rate (%pa)
< SGD200	0.10%
≥ SGD200	0.10%

Last Update: November 4^th, 2019

Simulation

BCA Dollar Balance¹⁾	Interest Rate per Year According to Balance²⁾	Nominal Monthly Interest Rates³⁾
USD500	0,05%	USD0.02
USD250,000	0,80%	USD164.38
SGD10,000	0,10%	SGD0.82

Last modified: December 3, 2024

Note:

This simulation is only an aid or sample calculation that is approximate and is not intended to provide any recommendations.

Remarks:

¹⁾Position of the average monthly balance of the BCA Dollar account.

²⁾Interest rates are subject to change at any time according to market conditions and will be informed through BCA's information facilities.

³⁾The nominal interest rate is gross interest before tax deduction according to applicable provisions (assumption: 1 month = 30 days and 1 year = 365 days)

Important Information

Additional Information

BCA Dollar can be opened for Individuals; joint accounts cannot be opened.

A purchase of foreign currency exceeding USD100,000 (or its equivalent) with a source of funds in Rupiah must be accompanied by underlying documents.
BCA Dollar interest will be credited to the account at the end of each month.

Deposits and/or withdrawals of BCA Dollars in different currencies will be subject to the exchange rate.
Withdrawals in Rupiah or non-cash foreign currency from BCA Dollar accounts can be made at all branches.
Withdrawals in USD banknotes from BCA Dollar USD accounts can be made at the home branch or at other BCA branches that offer banknote withdrawals and have USD banknotes in stock.
Withdrawals in foreign currency banknotes from BCA Dollar SGD accounts can only be made at the home branch or other BCA branches that serve banknote withdrawals and have such banknotes in stock.
If the remaining balance in the BCA Dollar account, both USD and SGD, is zero and there are no transactions for 12 consecutive months, the account will be closed automatically.
Customers can apply for closure of a savings account at the branch and will be charged an account closure fee.
BCA shall inform all changes to the benefits, fees, risks, terms and conditions of this Product and/or Service through any means in accordance with applicable legal provisions.

Summary of Product & Service Information (RIPLAY)

BCA Dollar Product/Service Summary

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Term and Conditions

Terms and Conditions for BCA Dollar

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BCA Dollar

Why BCA Dollar?

2 Currency Options

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BCA Dollar