To provide you with more varied services and greater banking access, the integration between HSBC and PT Bank Ekonomi Raharja (now renamed PT Bank HSBC Indonesia) will take place in April 2017, subject to regulatory approval.

We realise that the ease in performing interbank payment transactions will pave the way you realise your business and personal ambitions. Therefore, as part of the integration process, we will issue new Cheque and Giro books for your use and help your banking transactions.

Your current Cheque and/or Giro can be used for transactions only until 17 July 2017. You can exchange your current Cheque and/or Giro with the new design starting from 1 April 2017.

Starting from 1 April 2017 please visit the branch where you first opened your account to order your new Cheque and/or Giro book and collect it starting 17 April 2017 in order to avoid any rejection on your Cheque and/Giro transactions.

Maximum Clearing Amount of Cheque and Giro
Based on Bank Indonesia Circular Letter No. 18/40/DPSP regarding Fund Transfer and Scheduled Clearing Activities by Bank Indonesia, you are required to perform Cheque and/or Giro transactions with a maximum clearing nominal equal to Rp500,000,000 (five hundred million Rupiah) to avoid any rejection.

Validity of Your New Giro
Based on Bank Indonesia Regulation No. 18/41/PBI/2016 and Bank Indonesia Circular No. 18/32/2016 about Giro Book, any Cheque and Giro are only valid for 70 calendar days from the Issued Date.

Language to Use
To adhere to Bank Indonesia Regulation No. 18/41/PBI/2016 and Bank Indonesia Circular No. 18/32/2016, please fill out your Cheque and Giro in Indonesian language to prevent any transaction from being rejected.

Giro Mandatory Parts and Your Obligations as Drawer
Giro Mandatory Parts that must be written on your Giro sheet:

• Payee Name and Account Number;
• Payee Beneficiary Bank;
• Transfer Amount in figure and in words;
• Encashment Date;
• Effective Date during the Validity of Giro Presented for Payment (i.e. seventy (70) days from Encashment Date);
• Drawer Full Name;
• Drawer ink signature; and
• Valid signatures for Drawer incorporated as a Legal/Business Entity are those of the authorised party(-ies) representing such Entity, subject to the party(-ies)’ name and signature specimen administered by the Drawee (Bank) (including if any company stamp is mandatory at the account opening).

Example of Correctly Filled Out Giro Including Mandatory Parts

Illustrative Effective Date

Your Obligations as Drawer:

• Must completely fill out Giro mandatory parts upon issuance.
• Must maintain sufficient funds during Effective Validity.
  1. Compulsory sufficient funds must be available in the Current Account when the Giro is presented to Drawee (Bank).
  2. If the funds are deposited by Drawer after the Giro has been presented for payment, the Drawer is deemed non-compliant with the sufficient funds obligations.
• Must inform the Drawee (Bank) of any Giro encountering blocked payment.
  1. In case of missing or stolen Giro, please give us the Official Report from the competent party(-ies); and/or
  2. In case of unusable Giro because of damaged slip, more than three (3) revisions, or expiry, please return the unusable Giro to us.