at eight in the morning. Imagine, you are in a hurry to go to the bank before the queue is overflowing. At that time, you need to immediately transact foreign currency. In fact, the intended transaction is only to send money.
Banking activities before the digital era were certainly not as practical as today. Although some people still live it conventionally, nowadays, there is an easier alternative.
Banking transactions, including those related to foreign currency, can now be done from anywhere through the application. That way, matters of saving, receiving and sending, as well as exchanging foreign exchange no longer require someone to come in person to a bank or money changer.
Goodbye hassles.
By using the application, those of you who routinely or only occasionally transact foreign currencies will avoid hassles.
Apart from saving time, you can do it from anywhere and at any time as long as you have a cellphone and an internet connection. It is compatible with the fast-paced modern lifestyle.
In addition, transactions through the application are also safer and their history can be tracked. Moreover, if the financial application used for transactions has official permission. You can use it without worry. That's it, you can also check your financial history at any time.
Currently, a financial application that accommodates the needs of foreign currency transactions and can be used by domestic users is Jenius from Bank BTPN.
Jenius innovates by presenting a Foreign Currency feature that will make it easier for you to carry out international transaction activities, from selling, buying, sending, to receiving foreign currencies from and to various banks in the world without having to take care of additional documents first, everything can be done in one application.
Currently, there are seven foreign currencies available in the Jenius app, namely US dollars (USD), Australian dollars (AUD), Hong Kong dollars (HKD), Singapore dollars (SGD), Euros (EUR), British pounds (GBP). , and the Japanese yen (JPY).
You can activate, sell, and buy one or all of these currencies when you want to transact forex. Currently, these transactions can only be made on weekdays (Monday-Friday), from 09.00 to 18.00 WIB (excluding national holidays).
To use this feature, you must first activate the selected foreign currency.
After that, you can connect the currency to the orange Jenius Visa Debit Card (m-Card) and use it for online and offline transactions, including cash withdrawals on the Visa network worldwide. Through this service, the value of foreign currency received can be optimized and no longer needs to be converted.
Especially for foreign currency transfer transactions to overseas banks, users need to do it on weekdays from 09.00 to 14.00 WIB. Usually, this process takes about two to five working days depending on the policy of the destination bank.
Meanwhile, sending to fellow Jenius users can be done instantly and in real-time, without being charged anything. Sending foreign currency can also be done at any time without restrictions on days and hours of operation. Customers only need to enter "$Cashtag" and a unique name to replace the account number. After that, the name of the recipient will appear in the service options.
If you want the funds transferred to the beneficiary not to be deducted, you can use full amount transfers. To use this service, you will be charged a fee of 25 US dollars per transaction.
How to send foreign currency with Jenius
Foreign currency transfers made to bank accounts and fellow Jenius users have different methods.
To send foreign currency to an overseas account, all you have to do is select the Foreign Currency feature on the main page of the genius application.
Then, select the 'Transfer' option and enter the detailed information on the destination bank consisting of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) code, international bank account number (IBAN) code, sort code, and account number.
After that, you will be asked to complete information regarding the recipient. Make sure the information entered is correct to expedite the process.
Then, you will be asked to enter the amount of funds to be sent. In this section, you will be given the option to use full amount services.
After selecting an option, you will be asked to enter your Jenius password. Next, select the "Submit" option to submit.
Meanwhile, to send foreign currency to fellow Jenius users, you also need to select the "Transfer" option in the Foreign Currency feature.
Then, select the "Send to Jenius" option and enter the destination foreign currency account number. Then, select the "Check" option.
For the record, each foreign currency at Jenius has a different account number. However, you can view all accounts in one Jenius application. To send to fellow Jenius, you can enter the "$Cashtag" option instead of the account number to send foreign currency.
Next, complete the data regarding the recipient and select the "Continue" option. After that, enter your Jenius password and select the "Submit" option to submit.
Please note, there are a number of fees charged for this service. One of them is a provision fee of 0.125 percent of the money to be sent with a minimum fee of 10 US dollars and a maximum of 150 US dollars. Apart from that, there is also a telex fee of IDR 50,000.
The maximum limit of funds that can be stored in the Jenius application is US$100,000 or the equivalent of IDR 1.564 billion (at an exchange rate of IDR 15,645 per US dollar).
Can receive and save foreign currency
Apart from transfers, the Foreign Currency feature on the Jenius application can also be used to receive foreign currency transfers.
As for receiving foreign currency transfer funds, you only need to provide your personal account number and SWIFT code to the sender.
For those who want to know the SWIFT code and account number you have, you can see it on the Wealth page after you activate Foreign Currency.
On that page, select the "Cash" option and select a foreign currency. After that, you will get information regarding your account number and SWIFT code.
It doesn't stop there, those of you who want to save in US dollars can also do so through the Foreign Currency feature.
To save US dollars, you need to activate your currency by selecting the "+" icon on the main page or via the "Activate Foreign Currency" option on the Wealth page.
If the US dollar option is active, you can immediately make purchases of foreign currencies which are available Monday-Friday, from 09.00 to 18.00 WIB with an initial deposit of at least 10 US dollars.