Indonesian Political, Business & Finance News

Account in dollar

| Source: JP

Account in dollar

I opened a Bank Danamon dollar account several months ago at
the bank's Jl. Melawai branch, where I was assured that only 1
percent of my savings would be deducted when I closed it. I would
accrue 7 percent a month in taxable interest, meaning that in
several months I'd withdraw slightly more than I'd deposited.
Other banks would first change my dollars into rupiah and then
back into dollars, meaning I'd lose a large amount of my savings.
Who in their right mind would open an account like this?

When I closed my account at Bank Danamon's Melawai branch
recently, they wanted to change my dollars into rupiah first and
then back to dollars despite our agreement of several months
earlier. I demanded very loudly that I receive all my money,
angrily dismissing polite explanations from various clerks. My
performance paid off, eventually; I received all my money. They
had tried to take nearly a quarter of my savings. What next?

MICHAEL STEWART KNIGHT

Jakarta

View JSON | Print