Transaction Remittance : SMBC Indonesia

Remittance

Fast, reliable and less hassle are keys to convenient remittance processing. SMBC Wholesale Banking is a direct member of local clearing-house and SWIFT member with a reliable network of correspondent banks that are able to support our clients’ domestic and international transactions.

Additionally, we support our clients to achieve convenience by combining our Internet Banking capabilities and Straight Through Processing (STP) method which enables seamless payment execution without manual interference.

Internal Transfer

Incoming or outgoing fund transfer in domestic or foreign currencies within the same bank. You may also use this service to do foreign exchange between your accounts in different currencies.

Domestic (Rupiah Currency) Remittance

Fund transfer service in Rupiah currency across domestic banks. Real-Time Gross Settlement (RTGS) for high-value fund and immediate real-time clearing. Sistem Kliring Nasional (SKN) for low-value fund and voluminous payments (e.g. vendor payments, staff payroll).

Foreign Remittance

Fund transfer service in foreign currencies to domestic and overseas banks. At SMBC Wholesale Banking, we are able to support 11 (eleven) foreign currencies for remittance: USD, JPY, AUD, SGD, EUR, GBP, HKD, CHF, THB, CNY, and INR.

Both domestic and foreign remittances have potential risks, such as:

Risks of transaction delay or failure, customer fail to provide accurate information related to its payment instruction(s), fail to approve within transaction cut off time, non-adherence in a submission of required documents, system troubleshoot at customer’s/bank’s/regulator’s side which resulted in transaction delay or failure.
Risks of force-closed and legal fines or penalties, risks that are usually caused by customer’s failure to comply with local or international regulation related to funding transfer transactions (i.e. money laundering).

You may perform both domestic and foreign remittances in 2 (two) ways:

Manual payment instruction, this method requires you to fill-up, sign and submit Fund Transfer Application form(s).
Online payment instruction, this method is an online method using our secured Internet Banking platform.

Please call your Relationship Manager (RM) or TBSD staff(s) for more information regarding remittance policy and procedures.

Significant Impact

Our empowerment program is an integrated element to our business model. We will always try to create opportunities for all SMBC Indonesia customers to grow and make a more meaningful life through our products and activities.

Erna Zurnimawati

"While being a customer of Bank SMBC Indonesia, I have been guided by the Daya team, starting from exhibitions, coaching, and many online and offline training sessions. I have also received orders from SMBC Indonesia itself"

Siti Rochanah

"I am able to manage my business finances and its online store as taught by Daya, and am often invited to participate in various exhibitions. The pinnacle of my achievement was being introduced to President Joko Widodo at an exhibition held by SMBC Indonesia, and my product, Iwaknyuzz, received an appreciation from him"

Adam Abdullah

"Through the Daya program, we also received capital support that helped us increase production capacity even further, through an easy and non-burdensome capital scheme. This business easily obtains adequate and measurable capital according to the capacity and ability of the business. We are grateful that WGB is now a market leader in the plus-size men's retail clothing business"

Agnes Sukenty Niken

“After receiving personalized coaching for 6 months from Daya SMBC Indonesia, starting from creating a business plan, ensuring the supply chain of raw materials, and scaling up the business itself. It turns out that running this business involves so many things that I had not previously thought. As of now, Ing Pawon's products are available in various modern retail outlets from Papua to Sumatra ”