Foreign Currency Transfers are Easier and Affordable with PermataMobile X

Do you want to transfer to another currency? Or have you ever had any difficulties when trying foreign currency transfers? Now you don't need to worry because PermataMobile X has a one-stop solution for all your banking needs. One of the feature is International Transfer to simplify foreign currency transfers. Curious about how it works? Let's check the information below.

International Transfer Service and its Benefits
International Transfer is a Remittance service/Outward Telegraphic Transfer (OTT) owned by PermataBank for foreign currency transfer locally and even internationally. This service also includes an automatic conversion system that follows the latest exchange rates.

With PermataMobile X, you can do 3 types of International Transfers:

• Rupiah: Foreign Currency (Example from IDR to USD).
• Foreign Currency: Same Foreign Currency (Example from USD to USD).
• Foreign Currency: Other Foreign Currency (Example from SGD to AUD).

These transfers can be done through your smartphone. So, you can conveniently carry out various banking activities while traveling. Easy,right?

Destination Currency & Minimum Transfer
What currencies are available in the International Transfer feature in PermataMobile X? Well, you have many options! Here's a list of destination currencies that you can find in the PermataMobile X app, along with the minimum amount required for sending money:

International Transfer Limits
It's important to note that the transaction limit for this feature is equivalent to IDR 500 million for Personal & Preferred customers and IDR 1 billion for Priority & Private customers in PermataMobile X.

Additionally, monthly limit for foreign currency purchases against the Rupiah is equivalent to USD 100,000. This limit applies accumulatively to all transaction services at  PermataBank.

For example, if you have already purchased foreign currency against the Rupiah with a total of USD 20,000, you can only make international transfers with IDR fund in PermataMobile X up to USD 80,000 in the same month.

International Transfer Transaction Fees PermataMobile X
Before making a fund transfer in a foreign currency, you need to be aware of the applicable fees:

• Transfer Fee: IDR 50K* or equivalent according to the source account's currency, charged every time a customer initiates an International Transfer.
• Provision Fee: IDR 50K* or equivalent according to the  source account's currency, charged when a customer makes an International Transfer from one foreign currency to the same foreign currency (e.g., USD > USD).

*Fee imposition is subject to change according to the bank's policies, and any alterations will be announced to the customers according to the applicable regulations.

Example:

• Rina initiates an International Transfer from her IDR saving to USD. The total fee incurred is IDR 50K (Transfer Fee only).
• Rina initiates an International Transfer from her USD saving to USD. The total fee incurred is IDR 100K (Transfer Fee and Provision Fee).

Foreign currency transfer at PermataMobile X is much more affordable, especially for provision fee for same currency transfer, is no longer charged based on your transfer amount. Whatever the amount you transfer, you will only be charged with provision fee of IDR 50K per transaction or equivalent. So International Transfer with PermataMobile X is easier and affordable!

PermataMobile X Complaint Mechanism for International Transfer
In case you encounter difficulties while doing an International Transfer transaction, you can inform to PermataBank costumers service through the following channels:

• Contact PermataTel at 1500111.
• Visit PermataBank Branch.
• Access website https://www.permatabank.com.
• Send an email to care@permatabank.co.id.

PermataMobile X International Transfer Risks

• Exchange rates used during international transfer transaction may change from time to time depending on the Bank’s policies . 
• If there is any refund of transferred funds from International Transfer, the amount of funds from refund may be different with the amount of funds when transferred funds due to (i) the possibility of a difference in the applicable exchange rates when the transferred funds and refund, (ii) fees charged by the Bank when the transferred funds is nonrefundable: and (iii) fees charged by the Correspondent/Intermediary Bank, and/or the Beneficiary Bank are nonrefundable (if any).