Remittance

Incoming Remittance

  • is a service for receiving funds from foreign bank or foreign currency remittances from domestic banks addressed to the beneficiary's acc at Bank Jatim thru SWIFT telegraphic transfer
  • Features
    • Transaction Access : Transactions can be made through all Bank Jatim branch and sub-branch offices throughout East Java, Jakarta and Batam
    • Available currencies: USD, EUR, GBP, SGD, HKD, JPY, CNY
    • Transactions Processed : thru SWIFT , telecommunications network which allows sending funds in foreign currency to be done quickly, safely and trusted in various countries around the world
    • Fee Charging Mechanisms : SHA and OUR
  • Benefit
    • Remitter can remit money from overseas to Indonesia through Bank or Financial Institution in various countries by informing Bank Jatim Account in Indonesia as Destination Account
    • "Special rate" for transaction min equivalent $2000
  • Term & Condition
    • Beneficiary is Bank Jatim Customer
    • For incoming remittance to Bank Jatim, ensure :
    • Bank Jatim Code or Bank Jatim SWIFT Code BJTMIDJAXXX as Beneficiary's Bank
    • Beneficiary's name and account written on transaction has matched the name recorded in Bank Jatim system
    • in the event that there is a difference between remitted currency and the beneficiary's account currency at Bank Jatim, funds will be received based on the beneficiary's account currency in Bank Jatim thru conversion process
    • Not relate to any entities or countries listed on sanction
  • Steps
    • The money sender/remitter can visit the nearest bank or financial institution in the country of origin
    • The money sender/remitter provide the following information to the Fund Sender :
    • 1. SWIFTCODE Recipient Bank (Bank Jatim) BJTMIDJA
    • 2. It must be ensured that the account number and name are correct and match with those recorded in Bank Jatim system

Outgoing Remittance

  • Cross border remittance services through SWIFT Telegraphic Transfer mechanism served at Branches and Sub Branches of Bank Jatim. Source of funds maybe from Saving or Current Account.
  • Features
    • Transaction Access: Transactions can be made through all Bank Jatim branch and sub-branch offices throughout East Java, Jakarta and Batam
    • Available currencies: USD, EUR, GBP, SGD, HKD, JPY, CNY
    • Transactions Processed : thru SWIFT , telecommunications network which allows sending funds in foreign currency to be done quickly, safely and trusted in various countries around the world
    • Fee Charging Mechanisms : SHA and OUR
  • Benefit
    • Bank Jatim remittance transaction rates are competitive due to various correspondent banks support in many countries.
    • "Special rate" for transaction Min equivalent $2000
    • Remitters / money senders can send money from Indonesia to overseas by indicating a bank account or other financial institution abroad as the destination account
  • Term & Condition
    • Delivery operational hours follow branch service hours.
    • Cut off time for receiving same day value funds (Indonesian Time) :
    • USD 09.00 - 15.00 WIB
    • SGD 07.00 - 14.00 WIB
    • JPY 07.00 - 10.00 WIB
    • CNY 08.00 - 15.00 WIB
    • HKD 08.00 - 15.00 WIB
    • Not relates to any entities or countries listed on sanction
    • Specifically for foreign exchange conversion of IDR, then PBI No. 18/18/PBI/2016 and PBI No. 18/10/PBI/2016 must be applied: Transactions value above equivalent USD 100,000,- , underlying transaction/supporting documents and NPWP must be submitted to Bank.
  • Step
    • Customers or remitter can visit the nearest Bank Jatim branch office or sub-branch office
    • Customer or remitter can Fill out the money transfer application form and ensure complete information on recipients of funds abroad, such as :
    • 1. Recipient's Name & Account Number
    • 2. Recipient Bank SWIFT CODE
    • 3. SWIFT CODE of the Correspondent Bank from the Recipient Bank
    • 4. IBAN Number (specifically for sending funds to Europe which is part of the SEPA / Single Euro Payment Area membership)

Jconnect Remittance

  • Service for receiving foreign currency remittance from abroad through our counterpart Money Transfer Operator
  • Receiving money services in IDR currency, sent from overseas thru Bank Jatim Remittance Counterpart (Money Transfer Operator)
  • Features
    • Methods of Receiving Funds for the Malaysian Corridor :
    • 1. Bank Jatim Sav. Account
    • 2. Walk in Customer (WIC) via Cash Pick Up
    • Method of Receiving Funds for the Hong Kong Corridor :
    • 1. Bank Jatim Sav. Account
  • Benefit
    • Safe, fast and direct process (Real Time)
    • Without any fees for the beneficiary
    • Maximum Transfer: IDR 100,000,000
    • 24/7 Service
  • Term & Condition
    • Errors, incompleteness, and/or inaccuracies in filling the transaction information including recipient information, sender information, or any other additional information may result in the failure of funds to be received by the beneficiary
  • Step
    • For the Malaysia Corridor :
    • 1. Customers come to Bank Jatim Remittance Counterpart, namely Merchantrade Asia.
    • 2. The following are list of Merchantrade Asia agent/counter locations : JOHOR, KEDAH, KELANTAN, KUALA LUMPUR, MELAKA, NEGERI SEMBILAN,PAHANG, PENANG, PERAK, PERLIS, PUTRAJAYA, SELANGOR, SABAH, SERAWAK
    • 3. Alternative transaction in the form of Merchantrade Asia's e-Remmit application digital platform.
    • For the Hong Kong Corridor :
    • 1. Customers come to Bank Jatim Remittance Counterpart, namely Chandra Remittance
    • 2. The following are 25 list of Chandra Remittance agent/counter locations : CH KAMPOENG, CH CHEUNG KWAN O, CH BMI (WARUNG), CH NORTH POINT, CH APLEI CAU, CH MEI FOO, CH HUNG HOM, CH YUENLONG, WU YL, CH TSUEN WAN MTR, CH TAIPO, CH MA ON SHAN, CH QUARRY BAY, CH LAM TIN, CH SHAM SHUI PO, SH SAU KEI WAN, CH MONGKOK, CH WONG TAI SIN, CH SAI YIN PIN, CH SHEUNG SHUI, CH HANG HAO, CH CHAI WAN, CH TUEN MUM, CH 1110 - 1111 CAUSEWAY BAY
  • Counter Party
    • Malaysia Corridor :
    • Merchantrade Asia
    • Hongkong Corridor :
    • Chandra Remittance

For terms, conditions / further information about our products, please contact Info Bank Jatim 14044 or come directly to the Bank Jatim Branch Office.