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

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