Valas J Trust

• Tiering.
• Interest earned on daily balance.
• Withdrawal in Bank Note or Rupiah.

Valas J Trust is a good choice for business who demands account in foreign currency. Valas J Trust is a checking account. However, the account does not receive any checkbook or transfer form, the account use withdrawal methods such as those in savings accounts.

• Personal/Business Account (including joint account).
• WNI: KTP, NPWP. WNA: Passport, KITAS/KITAP, NPWP, Certificate of Domicile.
• Complete the Form :
  • - Customer Data (for new Clients)
  • - Account Opening (according to clients' product preference)
• Complete and sign Signature Speciment
• For business, the requirements are copy of the company's deed of incorporation and its amendment, business licenses (SIUP, TDP), TIN (NPWP), company's domicile certificate, management member data and their Identity Card (KTP), relevant ministerial decisions, etc.
• Foreign currency account (USD, EUR, SGD, JPY and AUD).
• Personal account initial cash deposit and minimum balance is USD 150, EUR 150, SGD 250, JPY 30,000 and AUD 150.
• Personal account monthly fee is USD 1.0, EUR 1.0, SGD 1.0, JPY 250 and AUD 2.0.
• Business account initial cash deposit and minimum balance is USD 300, EUR 250, SGD 500, JPY 40,000 and AUD 350.
• Business account monthly fee is USD 5.0, EUR 5.0, SGD 5.0, JPY 500 and AUD 5.0.
• Available as checking account .
• Minimum balance (personal : USD 100, EUR 100, SGD 200, JPY 20,000 and AUD 100) & (business: USD 250, EUR 200, SGD 400, JPY 30,000 and AUD 300).
• Financial statement available in the form of Passbook for personal account, and Monthly Printed Financial Statement for business account.
• Weekly maximum withdrawal in the form of Bank Note USD 5,000, SGD 8,000 and JPY 250,000 free of charge, any higher amount is charge with 0,25% provisions.
• Any Bank Note deposit using the the eligible currencies is not a subject to exchange rate, deposit shall be made in USD100, EUR100/200/500, SGD100/500/1.000, JPY10,000 and AUD50/100.
• Account closing USD 10, EUR 10, SGD 15, JPY 1,000 and AUD 15.

• Stamp Duty when opening and closing an account.
• Transfer fees and payments.
• Monthly administration fee and interest income tax
• Fees for inactive (dormant) accounts

• Account closing can only be done at the account opening branch and is done by the account holder.
• No transactions for 6 consecutive months are declared as an inactive account (Dormant Account).
• If there are differences in the recording of balances in the books/accounts and those in the bank records, the balance in the bank records shall be used.