The advantages of a Giro Valas
- Current accounts information are sent each month or get access to e-Statement
- Your account balance is assured because it has been registered in LPS
- Available in USD
Regulations of the Foreign Currency
- Intended for individual customers, businesses or government agencies
- The initial deposit of at least USD1.000
- The minimum balance that must be settled is USD1.000
- Giro Valas that has minimum balances in respectively within 3 months will subject to fines
- Competitive interest rate
- Maximum withdrawal is not limited
Giro Valas Requirements
Individual
- Fill out and sign the account opening form
- Copy of valid KTP/SIM/Passport/KITAS
- Submit NPWP (if have any)
- Not included in the BI’s blacklist
Business Entity
- Fill out and sign the account opening form
- Attach a copy of valid KTP/SIM/Passport
- Attach a copy of Akta Pendirian and its amendments and the latest board members
- Attach a copy of other business licenses (SIUP, SITU, TDP)
- Attach a copy of the letter of assignment as a board member
- Attach a copy of NPWP (if have any)
- Not listed on the Black List of Bank Indonesia
Interest Rate Giro Valas
NOMINAL | TIME PERIOD |
1 MONTH | 3 MONTH | 6 MONTH | 12 MONTH |
= USD 1.000 < USD 1 Million
| 0,50% | 0,50% | 0,50% | 0,50% |
> USD 1 Million
| 0,75% | 0,75% | 0,75% | 0,75% |
Giro Valas Costs
- Administration fee USD2/month
- Minimum balance: USD1.000
- Under minimum balance fines: USD 10/transaction
- Closing account fee: USD10
- Cash withdrawal remuneration fee > USD 10.000 : 2 Permil