Transfer & Remittance

1. Transfer & Remittance
   a) Transfer Between My Accounts: Transfer fund between accounts under the same name in same or different currency.
   b) Transfer within BOC: Transfer fund to 3rd party BOC accounts (in same or cross-province in Indonesia) in same or different currency.
   c) IDR Transfer to Other Banks: Transfer fund in local currency (IDR) to other banks in Indonesia through SKN or RTGS method.
   d) Telegraphic Transfer (SWIFT):
   - Normal Remittance: Transfer fund in foreign currencies (in USD, HKD, SGD, JPY, AUD, EUR, GBP) to other banks inside or outside Indonesia.
   - CNY Pre-Settlement: Transfer funds in CNY currency to individual residents in Mainland China.
   
2. Scheduled Transaction Management: This function allows the customer to manage the scheduled instructions of own account transfer (same currency) on BOCNET, to query or to delete unexecuted scheduled transfer instructions, in scheduled date or period execution method.
3. Internet Banking Transaction Inquiry: This function allows the customer to inquire the transaction records of transfer and remittance through internet banking in the latest one year, each query date range cannot exceed 3 months.
4. Payee Management: This function allows the customer to manage the payee of all kind of transfer and remittances which used frequently. Each time the customer makes a transfer instruction, the customer can directly select the payee without entering it again

Personal BOCNET provides the customer with 7*24 hours to operate transfer and remittance instruction, but each transfer and remittance has different transaction cut-off time. For details, please refer to "Personal BOCNET Transaction Cut-Off Time".

- The customer can inquire Internet Banking transaction records within one year, and each query date range cannot exceed 3 months.
- CNY Pre-Settlement Remittance:

• The payer can be a resident of any country, but the beneficiary should be a Chinese resident.
• According to China Foreign Exchange State Administration regulation, the payee shall not receive more than USD 50,000 in CNY Pre-Settlement Remittance within one year. If exceeded the limit, the correspondent bank or beneficiary bank will return the transaction.  The lost exchange rate and remittance cost shall be borne by the payer.