Foreign currency deposit account of Bank Mestika is a term deposit whose withdrawal can only made at particular time. Bank Mestika offers foreign currency deposit accounts in USD and SGD with a variety of interest rates that suit the Depositor’s investment purposes.

The foreign currency deposit account of Bank Mestika has the following benefits:

1. The Depositor is free to choose the periods : 1 month, 3 months, 6 months, 12 months, and 24 months.
2. The interest can be transferred to the Depositor’s savings account at Bank Mestika.
3. Automatic Roll Over (ARO)– automatic renewal of deposit account
4. Is able to be used as collateral.

Saving Deposito Foreign Exchange (USD / SGD)

1. The Depositor shall have a minimum deposit of $ 1.000,-
2. The Depositor shall a savings account at Bank Mestika.
3. The Depositor shall complete an Account Opening Form and Personal Data Form.
4. The Depositor shall present a valid original identity card (resident identification card/KTP, driving license, temporary work permit/KITAS or permanent work permit/KITAP.
5. The Depositor shall present the taxpayer registration number (NPWP)
6. The Depositor shall sign an adequately stamped declaration letter for those with-out NPWP.
7. Corporate clients shall submit:
• Resident identification card (KTP) of manager.
• Taxpayer registration number (NPWP) of company.
• Company establishment certificate.
• Decree of the Minister (ratification of the company establishment certificate).
8. The term deposit certificate is only valid at the issuing Bank Mestika office.
9. The term deposit certificate is not transferable.
10. If the principal and/or interest of the deposit cannot be transferred to the source account designated by the Depositor as the receiving account for payment be-cause the account is dormant, blocked, or closed, the payment of the principal and/or interest will instead be converted to an Automatic Roll Over (ARO) of both the principal and the interest.
11. The bank is not obliged to issue a notification for deposit renewal without the client’s request.
12. Non-cash deposit, including but not limited to check and letter clearings, is authorized when accepted by the bank.
13. If the principal and/or interest of the deposit cannot be transferred to the source account designated by the Depositor as the receiving account for payment be-cause the account is dormant, blocked, or closed, the payment of the principal and/or interest will instead be converted to an Automatic Roll Over (ARO) of both the principal and the interest.

Overview of Product and Service (General) Foreign Currency Time Deposit for Business/Legal Entities Download Here
Overview of Product and Service (General) Foreign Currency Time Deposit for Individual Download Here

Product Risk

1. Any early withdrawal made before the maturity date will be subject to a 1% penalty of the principal amount, or no interest will be accured.
2. Any cancellation of the opening of deposit accounts is subject to Rp100,000,- per certificate.
3. In case of loss of the certificate, the Depositor shall inform the authorities in order to close the deposit account at the Bank.

Any changes in the terms and conditions and/or costs associated with the product shall be informed by the bank via electronic media and/or announcement and/or registered mail and/or courier (expedition) and/or directly via telephone. Notice sent via registered mail or courier (expedition) is considered to have been received by the client 7 (seven) days after dispatch.

For more information call us MestikaCall 14083 or visit our nearest branch.