BSM Foreign Exchange Transfer

Easy
Facilitating customers in the conduct of business transactions, especially financial transactions to guarantee the customers’ credibility.

Save
Fund the customers transfer can be received in a matter of minutes by the destination bank safely and easily.

Practical
Customers do not need to carry cash to complete their business transactions.

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Transfer in 130 currencies
BSM Foreign Exchange Transfer is a foreign exchange (forex) transfer service between bank accounts in Indonesia or abroad in 130 currencies. BSM Foreign Exchange Transfer uses SWIFT-based payment instructions that are highly security-guaranteed.
A fund beneficiary or a sender can send or receive funds in US Dollar (USD), Australian Dollar (AUD), Singapore Dollar, EURO, and Japanese Yen (JPY).
Targeted Customers:
Individuals/legal entities.
- Competitive Rates
BSM Foreign Exchange Transfer offers very competitive transaction rates under the following calculation systems:- USD (US Dollar)
Commission Fee = 0.125 x Transfer Amount. If the beneficiary wants to receive full amount, you will be charged only an additional Correspondent Bank fee of USD20 and a SWIFT fee of USD5. - SAR (Saudi Arabian Riyal)
- USD (US Dollar)
No Commission Fee. You will be charged only an additional Correspondent Bank fee of SAR110 and SWIFT Fee SAR20 (Any Amount).
- JPY (Japanese Yen)
No Commission Fee. If the beneficiary wants to receive full amount, you will be charged only an additional Correspondent Bank fee of 1/20 x Nominal Transfer (min. JPY 6.000) and a SWIFT fee of JPY500. - AUD
No Commission Fee. If the beneficiary wants to receive full amount, you will be charged only an additional Correspondent Bank fee of AUD20 and a SWIFT fee of AUD10. - EURO
Transfer in EURO currency will be charged tiering rates, as follows:
€1 – €50,000 = charged a Commission Fee of €5
€50,001 – €100,000 = charged a Commission Fee of €10
€100,001 to infinity = charged a Commission Fee of €15
If the beneficiary wants to receive full amount, you will be charged only an additional Correspondent Bank fee of €37 and a SWIFT fee of €5. - SGD
Transfer in SGD currency, will be charged tiering rates, as follows:
SGD1 – SGD50,000 = charged a Commission Fee of SGD10
SGD50,001 – SGD100,000 = charged a Commission Fee of SGD20
SGD 100.001 – to infinity = charged a Commission Fee of SGD 30
If the beneficiary wants to receive full amount, you will be charged only an additional Correspondent Bank fee of and a SWIFT fee of SGD10. - Multicurrency (Other Currencies)
Transfer other than to USD, JPY, AUD, EURO, and SGD, will be charged tiering rates as follows:
USD1 – USD10,000 = charged a Commission Fee of USD5
USD10,001 – to infinity = charged a Commission Fee of USD10
If the beneficiary wants to receive full amount, you will be charged only an additional Correspondent Bank fee of USD30 and a SWIFT fee of USD5.IDR to USD, JPY, AUD, EURO, SGD and Multicurrencies.
No Commission Fee.
- Easy
Foreign exchange transfer through BSM Foreign Exchange Transfer may be sourced from Rupiah (IDR) or US Dollar (USD). - Accurate
Transfer through BSM Foreign Exchange Transfer is processed by automatization-based system with international standard and high security level.Let's keep using BSM Foreign Exchange Transfer and get other benefits!
Example of Calculation:
Mr. A will transfer USD from the Sidoarjo Branch BSM to Citibank in Los Angeles, United States of America for $100,000. Mr. A wants to have the money received in full amount. Mr. A is charged transfer rates as follows:
Normal Rate Calculation
Commission Bank Fee: $100,000 X 0.125% = $125
SWIFT Fee = $5
Correspondence Bank Fee = $20
Total Transfer Fee = $150Discounted Rates*
Commission Bank Fee: $100,000 X 0.07% = $70
SWIFT Fee = $5
Correspondence Bank Fee = $20
Total Transfer Fee = $95*Terms and Conditions apply. Please contact the nearest BSM Branch, or email to services_remittance@bsm.co.id