Small money not worth it

Small money not worth it

From Kompas

On August 6, I deposited some money at Bank Permata in Serpong, Tangerang. Rp 200,000 of the amount comprised Rp 1000 and Rp 500 notes. And, I was surprised to learn that the bank charged me 2.5 percent of the Rp 200,000.

When I asked the bank's customer service desk why I was told that it was the bank's policy to charge 2.5 percent when notes deposited were of a small denomination, or coins were deposited.

If this is the policy of the bank, I believe Bank Permata must ask Bank Indonesia -- the central bank -- to no longer issue coins and bank notes of a denomination lower than Rp 1000.

RUDI Tangerang, Banten