20 Jun 2024 | Edukatips

Lender’s Account (RDL): myBCA’s Latest Feature

Dear BCA customers, myBCA now offers enhanced features, including the introduction of Peer-to-Peer Lending (P2P)?

Peer-to-Peer Lending is a method that directly connects investors who want to provide loans to small businesses. Through technological advancements, investor/lender transactions no longer require offline processing.

With just a mobile phone and identification, individuals interested in investing in small businesses can easily do so anytime and from anywhere using P2P lending. P2P lendingserves as a viable solution for those seeking to invest in small businesses lacking necessary funding. For instance, if you wish to invest in a cattle farming business, you can leverage P2P lending platforms to provide financial support to such businesses.

If you want to invest in a P2P lending company, you must have an escrow account called RDL (Lender’s Account) at the bank.

The RDL (Lender’s Account) Information feature is available on myBCA

Similar to the Customer Fund Account (RDN), BCA offers RDL, which is a prerequisite for transactions with P2P lending companies.

If you are a myBCA user and have invested in a P2P lending company, you can view your RDL information in the “My Account” menu under the “RDN & RDL Information” feature. Your information will appear like this:

You can also view your RDL statement by clicking on the account.

The RDN and RDL Information feature on myBCA website will look like this:

Balance Information:

Account statement information:

Now you can enjoy more comprehensive information on myBCA. So, make sure to download myBCA on your smartphone.