DBS Invites Customers to Invest Through Foreign Currency – 2024-07-04 23:54:10

An officer counts US dollar and rupiah notes at a foreign currency exchange service. (Antara)

TO further strengthen the financial position or wealth of treasure private client (TPC) customers, DBS Bank invites TPC customers to invest in foreign currency or Foreign Exchange (FX).

“Now investment in investment products is available in foreign currencies other than the rupiah,” said Head of Investment Product & Advisory PT Bank DBS Indonesia Djoko Soelistyo in Jakarta, Wednesday (3/7).

DBS Bank, he continued, is currently also offering its customers, especially TPC customers, the convenience of Forex transactions that can be done through Digibank.

“There is an account menu there, namely a multicurrency account or what we call a multi-currency account. Where this account only has one account number but in it there are several currency type pockets, one account number can be used for 11 currencies,” explained Djoko.

The interesting thing about the Digibank foreign currency account is that all transactions between these deposits will not be charged.

“Our foreign exchange account has the capability to be used for transactions 24 hours a day, 7 days a week. Even on holidays, customers can make transactions through foreign exchange accounts at Digibank,” he said.

Also read: Rupiah Predicted to be Unstable Until End of Year

In addition, customers who use foreign currency accounts at Digibank can also make Remittance transactions. There are two types of remittance transactions that can be done at Digibank, namely DBS Remit Feature and electronic outward telegraphic transfer (eOTT) Feature.

“DBS Remit is one of the features that can be done through Digibank for customers so that customers can transfer foreign currency. Where there are 7 foreign currencies to the country of the currency and can be done for free, same day, full amount, some require a period of time,” explained Djoko.

The 7 foreign currencies available at DBS Remit include the US Dollar (USD), Singapore Dollar (SGD), Australian Dollar (AUD), Euro (EUR), Hong Kong Dollar (HKD), Canadian Dollar (CAD), and Poundsterling (GBP).