Rekening Smartcash

Fulfil every business needs practically

Why Smartcash Account?

Flexible

Flexible use and returns

Comfortable

Free of administration and provision fees

Competitive Rate

Competitive interest rate calculated daily

Rekening Smartcash

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 (KTP)/Passport
  • 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 Rp10 million - Rp50 million
- Card limit of Rp50 million - Rp100 million
Rp 250.000
Rp 500.000
Cash Advance Fee Free
Overlimit Charge Rp40.000/transaction
Minimum Payment 5% of the total billing amount or a minimum of Rp50,000
Late Payment Charge 1% or a maximum of Rp100,000
Sales Draft Printing Charge Rp30.000
Billing Statement Printing Charge Rp10.000
Card Replacement Fee Rp50.000
Purchase Transaction Interest Rate 2% effective/month with a grace period of 15-45 days
Cash Withdrawal interest rate 1.8% 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

Assumption

Interest rate
1.8% per month or 0.06% per day

Minimum Payment
10% of the total billing amount

The data provided in the billing account as of 18/08/2015:

Transaction Date

Description

Amount (Rp)

 

Previous Balance

0

01/08/2015

TransactionI

10.000.000

10/08/2015

Transaction II

5.000.000

 

Interest *)

133.151

18/08/2015

Current Balance

15.133.151

 

Minimum Payment

1.513.315

*) Interest Calculation

Type of Transaction

Day Elapsed

Interest Calculation

Amount (Rp)

Transaction I

01/08/2015 - 18/08/2015
18 days

Rp 10.000.000 x 1,8% x 12 months x (18/365) day

106.521

Transaction II

10/08/2015 - 18/08/2015
9 days

Rp 5.000.000 x 1,8% x 12 months x (9/365) days

26.630

Total Interest

264.188


If the above billing amount is paid on 25/08/2015 in the amount of the Minimum Payment, the billing statement as of 18/09/2015 will show the following information:

Transaction Date

Description

Amount (Rp)

 

Previous Balance

15.133.151

25/08/2015

Payment

1.513.315

 

Interest *)

264.188

18/09/2015

Current Balance

13.884.024

*) Interest Calculation:

Type of Transaction

Day Elapsed

Interest Calculation

Amount (Rp)

Interest accrued until 25/08/2015

19/08/2015 - 25/08/2015
7 days

Rp 15.133.151 x 1,8% x 12 months x (7/365) days

62.689

Interest

25/08/2015 - 18/09/2015
25 days

Rp (15.133.151 – 1.513.315) x 1,8% x 12 months x (25/365) days

201.499

Total Interest

264.188

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