New HSBC's Business Account tariff guide

Announcement

In accordance with Bank Indonesia Regulation No. 17/3/PBI/2015 concerning the Obligation to Use Rupiah in Indonesia, effective 1 July 2015, all domestic transaction have to be conducted in Rupiah. Accordingly, as of such date, HSBC will implement a new HSBC's tariff guide to comply with respective regulation.

Please also be advised that effective 1 July 2015, it is mandatory to declare the Purpose of Transaction for every fund transfer instruction made in foreign currency (i.e. telegraphic transfer and/or in-house transfer in non-IDR currency).

The following table outlines in which section Purpose of Transaction should be populated, in accordance with the relevant instruction delivery channel.

Under Law No. 3 issued in 2011 on Fund Transfer, the absence of any mandatorily required information, among others purpose of transaction, in any fund transfer instruction will lead to the non-performance of such fund transfer instruction.

Click here (PDF,447KB) to see our new tariff guide for your reference. You may also contact your respective Relationship Manager to receive the latest tariff of charges that is applicable to your company.

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