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 client’s investment purposes.

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

1. The client 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 client’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 client shall have a minimum deposit of $ 1.000,-
2. The client shall a savings account at Bank Mestika.
3. The client shall complete an Account Opening Form and Personal Data Form.
4. The client shall present a valid original identity card (resident identification card/KTP, driving license, temporary work permit/KITAS or permanent work permit/KITAP.
5. Submit the Taxpayer Identification Number (NPWP) for photocopying. If you do not yet have an NPWP and have not completed the data matching process, you are required to sign a declaration letter with sufficient stamp duty.
6. 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).
7. The term deposit certificate is only valid at the issuing Bank Mestika office.
8. The term deposit certificate is not transferable.
9. If the depositor does not make a withdrawal upon the time deposit's maturity, the Bank will automatically extend the Automatic Roll Over (ARO) for the same period with the prevailing interest rate at the time of renewal.
10. The bank is not obliged to issue a notification for deposit renewal without the client’s request.
11. Non-cash deposit, including but not limited to check and letter clearings, is authorized when accepted by the bank.
12. If, for any reason, the principal and interest cannot be transferred to the designated source account for receiving deposit interest payments—such as the account being blocked or closed—the depositor hereby authorizes and consents to the Bank making adjustments to the payment of the deposit’s principal and interest in accordance with the Bank’s provisions.

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 client 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.