Updates on Bank Indonesia National Clearing System (SKNBI)

We would like to inform you that as per Bank Indonesia’s regulation Number 21/PBI/2019 regarding the improvement Bank Indonesia National Clearing System (SKNBI) service, there will be changes for SKNBI service effective 1 September 2019 as follow:

  • Regular Fund Transfer service fee (SKN) is IDR 3.500 per transaction
  • Maximum amount on fund transfer service will be IDR 1 billion per transaction
  • Settlement periods for fund transfer service become 9 times in a day
  • Crediting will be done 1 hour after the Bank Indonesia settlement period and we will send instruction to Bank Indonesia maximum 1 hour from debiting customer’s account

Should you have any query, please contact your Relationship Manager or Client Service Manager.

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