Foreign Currency e-Deposits on myBCA: Easy Foreign Currency Savings

Planning to study abroad, travel to your dream destination, or diversify your assets? Investing in foreign currencies can be one way to help you achieve those financial goals.

The good news is that you can now open a Foreign Currency e-Deposit in USD or SGD using funds from your BCA Dollar account in the same currency, all online through myBCA. Before learning how to open a Foreign Currency e-Deposit on myBCA, let's first explore its benefits.

Benefits of the Foreign Currency e-Deposit on myBCA

1. Flexibility

The Foreign Currency e-Deposit on myBCA is available in two currency options:

USD (US Dollar)
SGD (Singapore Dollar)

With these currency options, you can tailor your investment to suit your needs and financial goals.

Not only that, but the Foreign Currency e-Deposit also offers flexible tenors, ranging from 1, 3, 6, to 12 months. Various deposit options are also available, such as Principal Rollover (ARO), where the principal amount is automatically rolled over for the same tenor, or Principal + Interest Rollover (ARO Plus), where both the principal and interest are automatically rolled over for the same tenor.

2. Seamless

The entire process, from opening to withdrawing a Foreign Currency e-Deposit, is conducted digitally through myBCA. With this seamless process, you can open an e-Deposit right from the palm of your hand, anytime and anywhere.

3. Convenient

The Foreign Currency e-Deposit comes with a digital certificate that can be accessed through myBCA. So, there’s no need to keep a physical certificate or worry about losing it. Additionally, e-Deposit information can be monitored more easily through myBCA.

4. Secure

Upon maturity or withdrawal, e-Deposit funds will be credited directly to the registered source account. Furthermore, the Foreign Currency e-Deposit is a savings product guaranteed by Indonesia Deposit Insurance Corporation (IDIC/(LPS), giving you greater peace of mind when depositing your funds.

Interested in opening a Foreign Currency e-Deposit on myBCA? Follow these steps.

How to Open a Foreign Currency e-Deposit on myBCA

Log in to myBCA
Select Deposits from the Main Menu
Select Open an Account
Check the box to agree to the e-Deposit Product Information, then click Continue
Select the source account for the foreign currency funds (BCA Dollar account), then enter the amount, tenor, and deposit type
Review the e-Deposit opening details, then click Continue
Enter your PIN
Your e-Deposit has been successfully opened

How to Withdraw a Foreign Currency e-Deposit on myBCA

Log in to myBCA
Select Deposits from the Main Menu
Select Deposit Information
Select the Foreign Currency e-Deposit you wish to withdraw
Select the withdrawal type, either Immediate Withdrawal or Withdrawal at Maturity, then click Continue

If you select Immediate Withdrawal, the deposit amount will be transferred immediately to the designated account. However, interest for the current month will not be paid.
If you select Withdrawal at Maturity, the funds will be withdrawn on the maturity date.

Review the e-Deposit withdrawal details, then click Continue
Enter your PIN
The e-Deposit withdrawal has been successfully completed!

Opening and withdrawing funds from a Foreign Currency e-Deposit on myBCA is easy, isn’t it?

With its many benefits and conveniences, the Foreign Currency e-Deposit on myBCA offers a practical, flexible, and secure way to save in USD or SGD. Open your Foreign Currency e-Deposit on myBCA now!

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