BCA - Local Currency Transaction

Local Currency Transaction

Outward Remittance service transaction to Malaysia, Thailand, Japan, China, and South Korea settled using the respective local currencies of the related countries, Malaysian Ringgit (MYR), Thai Baht (THB), Japanese Yen (JPY), Chinese Yuan (CNY), South Korean Won (KRW), 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

Enjoy our special promotion until December 31, 2025:

100% Telex Fee Cashback promo for every LCT transaction in MYR, THB, and KRW that uses Rupiah as the source of funds

Important Information

Information	Currency
Information	JPY	CNY	KRW	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 KRW to Bank in South Korea					Transfer in Rupiah can only be transferred to ACCD¹⁾ Bank in Malaysia, Thailand, Japan, China, and South Korea
Nominal per Transaction for Underlying Document Requirement of Buying Forex	> USD 500,000 (eq.)			≥ USD 500,000 (eq.)		-
Nominal per transaction for Underlying Document Requirement of Selling Forex²⁾	> USD 500,000 (eq.)	-	-	≥ USD 500,000 (eq.)		-
Cut-off time Value today³⁾	09.30*	12.00	11.00	12.00	12.00	15.00

Note:

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

2)The nominal threshold per transaction requiring an underlying document for the sale of foreign currency in CNY and KRW applies for TOD/TOM/SPOT transactions.

3)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

*Value today service for JPY is not available on the e-Channel

Fees and Charges

Information	Currency
Information	JPY	CNY	KRW	THB	MYR	IDR to Japan	IDR to Other Countries
Telex	IDR50,000 (transactions via branch) IDR35,000 (transactions via myBCA)
Value today	IDR30,000
Full amount³⁾	JPY 1,000 + (1/20% x nominal), min. JPY 3,000^*)	USD 10 (eq.) ^**)	USD 25			JPY 1,000 + (1/20% x nominal transfer) 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^****)	Flat USD 5		-

Note:

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

Sumitomo Mitsui Banking Group
Bank of Tokyo (MUFG)

^**) 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.

^****) Flat In Lieu of Exchange Fee of only USD 5 (equivalent) for KRW transfers using KRW as the source of funds, valid until 31^st December 2025

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.