BCA - Smartcash Account

Rekening Smartcash

Cash funding account that can be used as payment source to distributor

Risk

For each transaction, the Account Holder or any person nominated by the Account Holder must sign a receipt for the goods and or a sales slip/slip for the transaction. The Account Holder's failure to sign the receipt for the goods and or the sales draft/slip for the transaction will not relieve the Account Holder of their obligation to pay the billing amount arising from the transaction.

BCA is not liable for:

Any transaction rejection by the merchant
The quality of the goods and or services provided by the merchant in connection with any transaction made by the Account Holder.
Any complaint by the Account Holder about the matter mentioned above must be resolved directly between the Account Holder and the merchant. Any claim brought by the Account Holder against the merchant will not excuse the Account Holder from not performing or suspending the Account Holder's obligation to pay any outstanding amounts related to the transaction to BCA.

If the Account Holder finds any transaction not made by the Account Holder in the BCA Smartcash Account Billing Statement, the Account Holder must immediately raise a question or objection via Halo BCA and subsequently submit a written statement of objection in respect of the transaction no later than 30 calendar days from the date of the BCA Smartcash Account Billing Statement, by providing the following information:

Account Holder's name and customer number
Transaction date
Details of the transaction and the amount disputed
Reasons for raising the objection
Account Holder's signature

Mechanism for Smartcash Distributor Financing

The retailer places an order for the goods with the distributor (as the account holder)
The distributor provides BCA with the retailer’s transaction data for confirmation
The distributor delivers the goods to the retailer
The distributor receives the payment from BCA
The retailer opens a BCA Smartcash account (virtual account) to guarantee the transactions with the distributor
The retailer can make payments to BCA at any time, either before or after receiving a billing statement (Credit Card Account)

Requirements

Individual customer, Indonesian Citizen (WNI), living in Indonesia, aged 21 years minimum and 65 years maximum
Monthly business turnover of at least Rp 30,000,000 and at least two years’ existence in the business
Original documents from the distributor

Documentary Requirements

A copy of the Resident ID Card (KTP)/Passport
A copy of the Savings/Current Account Statement for the last 3 (three) months
A copy of the Professional/Practicing License *)
A copy of the Deed of Establishment, Trade Business License (SIUP), and Company Registration Certificate (TDP)
A copy of the Tax ID Number (NPWP) Card **)
A copy of the Credit Card Account Statement for the last 3 months (if any)

*) Only for professionals

**) Mandatory for a loan with a credit limit of Rp100,000,000

Fee and Limit

Type of Fee	Fee Amount
Annual Fee - Card limit of Rp10 million - Rp50 million - Card limit of Rp50 million - Rp100 million	Rp 250.000 Rp 500.000
Cash Advance Fee	Free
Overlimit Charge	Rp40.000/transaction
Minimum Payment	5% of the total billing amount or a minimum of Rp50,000
Late Payment Charge	1% or a maximum of Rp100,000
Sales Draft Printing Charge	Rp30.000
Billing Statement Printing Charge	Rp10.000
Card Replacement Fee	Rp50.000
Purchase Transaction Interest Rate	1.75% effective/month with a grace period of 15-45 days
Cash Withdrawal interest rate	1.75% effective/month without the grace period of 15-45 days

Notes:

BCA reserves the right to change the above rates and fees by providing the customer with a notice in any form and by any means

Card Transaction Simulation

Assumption

Interest rate
1.8% per month or 0.06% per day

Minimum Payment
10% of the total billing amount

The data provided in the billing account as of 18/08/2015:

Transaction Date	Description	Amount (Rp)
	Previous Balance	0
01/08/2015	TransactionI	10.000.000
10/08/2015	Transaction II	5.000.000
	Interest *)	133.151
18/08/2015	Current Balance	15.133.151
	Minimum Payment	1.513.315

*) Interest Calculation

Type of Transaction	Day Elapsed	Interest Calculation	Amount (Rp)
Transaction I	01/08/2015 - 18/08/2015 18 days	Rp 10.000.000 x 1,8% x 12 months x (18/365) day	106.521
Transaction II	10/08/2015 - 18/08/2015 9 days	Rp 5.000.000 x 1,8% x 12 months x (9/365) days	26.630
Total Interest			264.188

If the above billing amount is paid on 25/08/2015 in the amount of the Minimum Payment, the billing statement as of 18/09/2015 will show the following information:

Transaction Date	Description	Amount (Rp)
	Previous Balance	15.133.151
25/08/2015	Payment	1.513.315
	Interest *)	264.188
18/09/2015	Current Balance	13.884.024

*) Interest Calculation:

Type of Transaction	Day Elapsed	Interest Calculation	Amount (Rp)
Interest accrued until 25/08/2015	19/08/2015 - 25/08/2015 7 days	Rp 15.133.151 x 1,8% x 12 months x (7/365) days	62.689
Interest	25/08/2015 - 18/09/2015 25 days	Rp (15.133.151 – 1.513.315) x 1,8% x 12 months x (25/365) days	201.499
Total Interest			264.188

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