21 Apr 2020 | Edukatips

Pay Attention to These 5 (Five) Things When Transferring Foreign Exchange

Are you an importer or a parent whose child is studying abroad? It is normal to wire Rupiah overseas in real time. But, how fast would it be to transfer foreign exchange overseas?

Speed and accuracy in payment is important for importers, just as important as parents’ money transfer for their kids’ studying abroad.

In banking terms, a foreign exchange transfer is called Remittance.

5 (Five) things to pay attention to in Remittance:

  1. What foreign exchange are you transferring?
    BCA Remittance serves 16 foreign exchanges, namely: Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), Danish Krone (DKK), Euro (EUR), Pound Sterling (GBP), Hong Kong Dollar (HKD), Japanese Yen (JPY), China Yuan (CNH), Saudi Arabian Riyal (SAR), Swedish Krona (SEK), Singapore Dollar (SGD), New Zealand Dollar (NZD), US Dollar (USD), Malaysia Ringgit (MYR), and Thailand Baht (THB)
  2. How easy is it?
    You can use BCA Remittance at all BCA branches across Indonesia. And, if you are staying home #DiRumahAja, you can do it from home using KlikBCA Bisnis.
  3. What are the available banks to transfer worldwide?
    Check if your destination bank to transfer is a correspondent bank. BCA Remittance has a wide network of correspondent banks around the world.

  4. How fast is the transfer?
    If you do the transfer today, when will the money arrive?
    With the wide network of BCA’s Remittance correspondent banks around the globe, it is possible for the destined account to receive your transferred money at the same day (Value Today).
  5. Is the money transferred in full value?
    Would foreign exchange transfer decrease the value of transferred money?

With BCA Remittance, your foreign exchange transfer will be in full value when received overseas, or it is called Full Amount. Usually, there is an extra charge to ensure the full amount of money received by the recipient, but it is excluded from the value of money transferred.

Use BCA Remittance for your foreign exchange transfers.

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