1. Home

I'm interested

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.

1. 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)

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.

1. Easy
   Foreign exchange transfer through BSM Foreign Exchange Transfer may be sourced from Rupiah (IDR) or US Dollar (USD).

    

    

2. 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 = $150

   Discounted 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