Forex Savings is a specialized savings service provided by banks to facilitate the storage and management of funds in foreign currencies. Similar to traditional savings accounts, forex savings accounts also share the same functions in storing and facilitating non-cash financial transactions.
With Poket Valas on myBCA, owners of Tahapan and Tahapan Gold accounts can easily save and transfer funds to other BCA accounts or Poket Valas in foreign currencies.
Eligible Foreign Currencies for Poket Valas:
Poket Valas supports 8 foreign currencies, including:
- United States Dollar (USD)
- Singapore Dollar (SGD)
- Australian Dollar (AUD)
- Euro (EUR)
- Pound sterling (GBP)
- Hong Kong Dollar (HKD)
- Japanese Yen (JPY)
- Chinese Yuan (CNY)
Benefits of Using Poket Valas on myBCA
Poket Valas is a feature on myBCA that facilitates foreign currency transfers easily and quickly.Listed below are the benefits of using Poket Valas on myBCA:
- Consolidate various forex currencies within a single account
- Easily transfer funds between BCA accounts in foreign currencies
- Enable cash withdrawals and overseas transactions without exchange rate conversion (1:1) by directly debiting funds from Poket Valas* using a BCA Debit Mastercard
*Ensure that the balance in Poket Valas is sufficient to avoid declined transactions. If the overseas transaction is in a currency that is not available in Poket Valas, the transaction will be debited from the main account in Rupiah.
How to Activate Poket Valas on myBCA App
To use Poket Valas, activate the service by following these steps:
- Log in to myBCA
- Click Activate Now in the Poket section, click Next
- Click Activate Poket Valas, read the Poket Valas Product and Service Information Summary, check the box and click Agree
- Choose the source of funds**
- Specify the currency and initial deposit amount
- Choose the transaction purpose and click Next
- Read the Poket Valas Terms and Conditions, check the box and click Next
- Read the Foreign Exchange Purchase Statement andclick Agree
- Confirm the activation details of Poket Valas and click Next
- Enter your PIN and the initial deposit is complete, Poket Valas is now active***
**The account used to activate Poket Valas is also known as the parent account
***By activating Poket Valas, the ownership status of the customer’s TAHAPAN BCA passbook of the parent account (the account that has Poket Valas) will automatically change to ‘no book. Therefore, the customer will not be able to apply for book issuance or printing of account statements to the TAHAPAN BCA passbook, even if the customer deactivates Poket Valas at a later date.
How to Use Poket Valas on myBCA App
There are some Poket Valas settings that you can perform on myBCA, such as balance inquiry, adding funds, and transferring funds between foreign currencies.
That’s how you can activate and use the Poket Valas service on myBCA.
With Poket Valas on myBCA, saving, and making forex transactions and transfers has never been easier. What are you waiting for? Use Poket Valas on myBCA now! For full information, please check here.