# Cash Transaction

## Easiness and security of money remittance around the world

Enjoy convenience of cross-border remittance services through Bank Mandiri which can be made through branches or Digital Service, namely Livin' by Mandiri and Kopra by Mandiri.

## Main features, benefits, requirements, procedures and costs.

Outgoing Remittance Transactions at Branches.
It is a remittance service through SWIFT Telegraphic Transfer mechanism at Bank Mandiri Branches using sources of fund from savings, current accounts, or cash from customers or walk-in customers. Remittance operating hours is subject to branch service hours.

Transaction Procedure

- Customers or walk in customers visit Bank Mandiri Branches and fill out Overseas transfer transaction form.
- Make sure that information of the overseas beneficiary is complete such as, beneficiary's name, Receiving Bank’s SWIFT Code and beneficiary’s account number.
- Prepare additional documents if needed.
- For equivalent transactions with a value starting from USD 100,000.00 the remitter must include Underlying Transaction Documents.
- If the remitter intends that the beneficiary to receive the full amount, the remitter will be charged with cost applied to the full amount.

Remittance cost is cheaper if the cost deduction is paid by beneficiary (BEN), but there is also an option that the remitter will pay deduction (OUR), with details as follows:

Information | BEN | OUR
--- | --- | ---
TT Swift Costs | Rp. 35.000,-
Provision Costs | 1/8% of the nominal remittance (min. USD 1,000-; Max. USD 150-) is charged if the source of funds is the same as the remittance currency
Costs for remittance which is received in a full amount |  | USD 25 (USD Currency) USD 30 (Currency other than USD)

## Cut Off Time

In order to be received on the same day, remittances must be made before the following cut off time:

Time Limit (GMT +7) | Currency
--- | ---
10.00 WIB | JPY, NZD, HKD
10.30 WIB | AUD
11.00 WIB | CNY
11.30 WIB | MYR
12.00 WIB | THB
13.00 WIB | DKK, SAR
14.00 WIB | SEK, CHF, CAD, NOK, SGD, GBP
15.00 WIB | EUR, USD

## Outgoing Overseas Foreign Currency Transfer Transactions at Livin by Mandiri

It is an outgoing overseas remittance transaction for retail customers that can be made easily, quickly and 24/7 through Livin’ by Mandiri with a Non-SWIFT mechanism.
Terms & Conditions, Procedures, Costs and Risks can be clicked

## Outgoing Overseas Foreign Currency Transfer Transactions at Kopra by Mandiri

It is an outgoing Overseas remittance transactions for retail and corporate customers through Kopra by Mandiri portal in Kopra Cash Management feature.
Terms & Conditions, Procedures, Costs and Risks can be clicked

Risk

- Remittance to certain countries might not be allowed if there are restrictions from regulators or international institution regulating AML-CFT.
- Errors, incompleteness, and/or inaccuracies in filling out transaction information, such as beneficiary information, remitter information, or other additional information may result in failure of funds received by the beneficiary.
- Customers or walk in customers may be requested to complete additional information or documents as requested by Bank Mandiri, Correspondence Bank, Destination Bank or Mandiri’s Partner Bank. If such additional information/documents is incomplete or not submitted by customers or walk in customers, it can cause a transaction failure.
- Additional costs might be imposed by the Receiving Bank so that the funds received may be smaller than the amount of funds remitted by the customer.
- In several countries, pre-validation stages may be applied according to the policy of the receiving bank.
- Failure of transaction may cause a refund transaction to the remitter's account or remitting branch, and there is a risk of currency rate differences during the transaction causing the received funds may be greater or smaller than the amount the remitted funds.

Other Information

Outgoing overseas remittance transactions are subject to the provisions of Anti-Money Laundering and Countering the Financing of Terrorism and Proliferation of Financing of Mass Destruction Weapons (APU-PPT PPSPM) or Anti Money Laundering & Countering the Financing of Terrorism applied in Indonesia, the Country of Origin of the Correspondent/Partner Bank, and the Country of the Receiving Bank/Institution.

Produk Cash Transaction

- FX Today
  FX Today is foreign exchange transaction of a currency pair to be settled on the same day of the transaction date.
- FX Tom
  FX Tom is foreign exchange transaction of a currency pair to be settled in one business day after the transaction date.
- FX Spot
  FX Spot is foreign exchange transaction of a currency pair transaction to be settled in two business days after the transaction date.
- Banknotes
  Banknotes in foreign currencies that are formally issued by a country outside Indonesia and are recognized as legal tender of that country.

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