Why should I have Foreign Currency on Jenius?

– Various foreign currencies are available automatically.
– Competitive currency exchange rates.
– Simple activation without additional documents.
– Affordable deposits.
– Savings with 3% p.a. interest (USD only).
– Easily link to m-Card.
– Can send/receive foreign currency
to Jenius and other banks.
– Easily send/receive foreign currencies using $Cashtag

What are the benefits of Foreign Currency?

With Foreign Currency, you can do various international transactions (buy, save, sell, send, and receive foreign currencies) on 1 app.

You can also link the currency to your m-Card for cash withdrawals and transactions (including online transactions).

Who can use Foreign Currency?

Foreign Currency is available for all Jenius users with an active m-Card.

Is Foreign Currency automatically available?

The 9 (nine) foreign currencies in Foreign Currency feature are available automatically, but you need to activate them before using.

What Foreign Currencies are available on Jenius?

Foreign Currency feature on Jenius app offers USD (United States dollar), SGD (Singapore dollar), AUD (Australian dollar), HKD (Hong Kong dollar), GBP (British pound sterling), JPY (Japanese yen), EUR (Euro), THB (Thailand baht), and CNY (Chinese yuan).

Where to find Foreign Currency on Jenius app?

– On Home page, above Active Balance.
– On Wealth page, go to Cash menu.

What is the difference between CNY (Chinese Yuan) and CNH (Chinese Yuan – offshore) in Jenius?

Both CNY and CNH are Chinese Yuan (RMB). The difference lies in how and where they are used.

CNY (Chinese Yuan) is the official symbol of China’s currency and is known as the “Yuan.” This currency is used within China or Mainland China. CNY is subject to export-import restrictions imposed by the Chinese government.

Meanwhile, CNH (Chinese Yuan Hong Kong) is a currency traded outside Mainland China. CNH is freely traded in currency markets around the world.

Technically, Jenius provides the service of buying and selling CNH according to applicable regulations. The buying and selling rates used are in CNH. However, for the app’s display, Jenius uses CNY because it is more commonly known to the general public.

How do I activate Foreign Currency in Jenius?

– On the Jenius app’s Homepage, tap Rates above your Active Balance box. – Select the Foreign Currency you wish to activate. – Choose your activation purpose from the available options (saving/investment, business transactions, or personal transactions). – Determine your initial deposit amount, then select “Next.” – Ensure your personal data is updated, agree to the Terms & Conditions, then select “Activate [Foreign Currency Abbreviation]” – Enter your Jenius password, then select Submit. – You have successfully activated your desired Foreign Currency.

Please note, there will be a rounding adjustment in your Rupiah Active Balance used to activate the Foreign Currency.

Besides the Homepage, you can also activate Foreign Currency from: – The Wealth page, go to the Cash menu, then tap Activate Foreign Currency. – The Mobius button, tap Move Balance, tap the down arrow in the “To” section, then tap Activate Foreign Currency.

What is the minimum initial deposit to activate Foreign Currency in Jenius?

The initial deposit to activate Foreign Currency is very affordable, starting from: – 10 USD – 10 SGD – 10 AUD – 10 EUR – 10 GBP – 100 HKD – 1,000 JPY – 100 THB – 100 CNY

Is there a fee to activate Foreign Currency in Jenius?

No. You only need to ensure your initial deposit meets the applicable minimum requirements.

Are there operating hours for activating Foreign Currency in Jenius?

Foreign Currency activation in the Jenius app is available anytime, 24 hours a day, without operating hour restrictions, including national holidays.

Do I have to activate all Foreign Currencies available in Jenius?

The choice to activate Foreign Currency is entirely yours. You decide whether to activate one, two, or all of them.

Can I get a foreign exchange rate simulation before activation?

Yes, you can. You can view today’s exchange rates and get a rate simulation before transacting by following these steps:

– Log in to the Jenius app and select Profile – Choose SMBCI Care. – Select Exchange Rate & Simulation. – View today’s rates in the list or scroll down and enter an amount to get a rate simulation.

Where can I see all foreign currency exchange rates in Jenius?

You can access the foreign exchange rate page directly from the Home screen by tapping on Rates.

Alternatively, you can also access the rates page via Profile, then SMBCI Care, and select Exchange Rate & Simulation.

How do I buy Foreign Currency in Jenius?

There are four ways to buy Foreign Currency in the Jenius app:
– From the Home screen, tap Rates.
– From the Wealth page, within the Cash menu.

From the Mobius Button, via Move Balance.

Please note, Foreign Currency purchases will use your Rupiah Active Balance.

How do I buy Foreign Currency from the Rates on the Home screen?

Follow these steps to purchase foreign currency:
– On the Home screen, above the Active Balance box, tap Rates.
– You will be directed to the exchange rate page.
– Select Buy for your desired Foreign Currency. If not yet active, choose Activate first.
– Enter the purchase amount, then tap Continue.
– Agree to the required statements on the purchase confirmation page, then tap Buy.
– You have successfully purchased Foreign Currency!

Please note: There will be a rounding adjustment to your Rupiah Active Balance used for Foreign Currency purchases.

How do I buy foreign currency from the Home page?

– Above the Active Balance box, tap Rates, then select the desired foreign currency.
– Choose Buy.
– Enter the purchase amount (ensure you leave a minimum of 3% of your total Active Balance), then select Continue.
– Agree to the required statements on the purchase confirmation page, then select Buy.
– You’ve successfully purchased foreign currency!

Please note, there will be a rounding adjustment to the Rupiah Active Balance used for foreign currency purchases.

How do I buy Foreign Currency from the Wealth page?

– From the bottom navigation, tap Wealth.
– Once in the Cash menu, scroll to the Active Balance section, then select the desired Foreign Currency.
– Choose Buy Now.
– Determine the purchase amount, then select Continue.
– Agree to the required statements on the purchase confirmation page, then select Buy.
– You’ve successfully purchased Foreign Currency!

Please note, there will be rounding applied to the Rupiah Active Balance used for Foreign Currency purchases.

How do I buy Foreign Currency from the Mobius Button?

Follow these steps:
– From your current screen, select the Mobius Button.
– Choose Move Balance.
– Under the “To” section, tap the down arrow, then select the appropriate foreign currency.
– Enter the purchase amount, then select Move Balance.
– Agree to the required statements, then select Buy.
– You have successfully purchased Foreign Currency!

For your information, there will be a rounding adjustment in your Active Rupiah Balance used for the foreign currency purchase.

Is there a minimum purchase amount for foreign currency in Jenius?

You can buy foreign currency in the Jenius app starting from 1 USD, 1 SGD, 1 AUD, 1 EUR, 1 GBP, 1 HKD, 1 JPY, 1 THB, and 1 CNY.

Can I use all funds in my Active Rupiah Balance when buying foreign currency in Jenius?

No, you cannot. Jenius rounds down when converting foreign currency. Therefore, always ensure you leave some funds in your Active Rupiah Balance as a buffer for decimal conversions and rounding.

Is there a maximum purchase amount for foreign currency in Jenius?

Each month, you can purchase foreign currency up to an accumulated total of USD90,000 across all currencies.

Are there any transaction fees when buying foreign currency in Jenius?

No.

Are there operational hours for buying foreign currency in Jenius?

Foreign currency purchases in the Jenius app are available anytime, 24 hours a day, without operational hour restrictions, including national holidays.

Are there other funding sources available for buying foreign currency in Jenius besides using the Active Rupiah Balance?

No. Foreign currency purchases in Jenius can only be made using your Active Rupiah Balance.

What exchange rate applies when I buy foreign currency in Jenius?

The Jenius exchange rate applies.

Can I save in foreign currency?

Yes. Depending on the savings/investment options available during activation, you can use foreign currency for your savings.

How do I save foreign currency in Jenius?

Simply open the Foreign Currency feature, activate the desired foreign currency, then make a foreign currency purchase to add to your savings balance.

Do foreign currency savings in Jenius earn interest?

Yes. Specifically for USD, you’ll earn 3% p.a. interest, effective from March 1, 2023.

Please note, interest rates can change at any time according to bank policy, and any changes will be communicated as per applicable regulations.

Foreign currency savings in Jenius other than USD do not earn interest.

Is there a minimum balance to earn 3% p.a. interest on foreign currency savings (specifically USD)?

No. You can earn 3% p.a. interest on foreign currency savings (specifically USD) without a minimum balance.

Are there additional fees to earn 3% p.a. interest on foreign currency savings (specifically USD)?

No. You can earn 3% p.a. interest on foreign currency savings (specifically USD) without any additional fees.

How to Sell Foreign Currency in Jenius?

There are four main ways to sell Foreign Currency within the Jenius app: – From the Home screen, tap Rates. – From the Wealth screen, under the Cash menu. – From the Mobius Button, via Move Balance.

Please note: Selling Foreign Currency will deduct funds from your Rupiah Active Balance.

How do I sell Foreign Currency from the Home screen via the Rates button?

– Above the Active Balance box, tap Rates. – You’ll then be on the exchange rate page. – Select Sell for the foreign currency you want to sell. – Enter the selling amount, then tap Continue. – Review and agree to any required statements on the confirmation page, then tap Sell. – You’ve successfully sold your foreign currency!

For your information: Funds from foreign currency sales will be deposited into your Rupiah Active Balance.

How do I sell Foreign Currency from the Home screen?

– Above the Active Balance box, tap Rates. – You’ll then be on the exchange rate page. – Select Sell for the foreign currency you want to sell. – Enter the selling amount, then tap Continue. – Review and agree to any required statements on the confirmation page, then tap Sell. – You’ve successfully sold your foreign currency!

For your information: Funds from foreign currency sales will be deposited into your Rupiah Active Balance.

How do I sell Foreign Currency from the Wealth screen?

– From the bottom navigation bar, choose Wealth. – Once in the Cash menu, scroll to the Active Balance section, then select the appropriate foreign currency. – Tap Sell now. – Enter the selling amount, then tap Continue. – Review the sales confirmation page, then tap Sell. – You’ve successfully sold your foreign currency!

How do I sell Foreign Currency from the Mobius Button?

– From your current screen, select the Mobius Button. – Choose Move Balance. – Under the “From” section, tap the down arrow, then select the relevant foreign currency. – Enter the selling amount, then tap Move Balance. – On the confirmation page, tap Sell. – You’ve successfully sold your foreign currency!

Is there a minimum amount when selling Foreign Currency in Jenius?

Yes. You can sell Foreign Currency in the Jenius app starting from: – 1 USD – 1 SGD – 1 AUD – 1 EUR – 1 GBP – 1 HKD – 1 JPY – 1 THB – 1 CNY

Is there a maximum amount when selling Foreign Currency in Jenius?

Yes. The maximum Foreign Currency sales in Jenius is USD 249,000 per transaction.

Are there transaction fees when I sell Foreign Currency in Jenius?

No, there are no transaction fees.

Are there operating hours for selling Foreign Currency in Jenius?

Selling Foreign Currency in the Jenius app is available anytime, 24 hours a day, without operational hour limits, including national holidays.

What exchange rate applies when I sell Foreign Currency in Jenius?

Jenius’s exchange rate applies.

Can I sell Foreign Currency to a balance other than Rupiah?

No. The proceeds from Foreign Currency sales will automatically be deposited into your Rupiah Active Balance.

What is rounding?

Literally, rounding is a way to simplify a value by making it a larger or smaller number.

Jenius rounds down foreign currency conversion results that have more than 2 decimal places. For example, a conversion result of 5.126 is rounded down to 5.12.

The purpose of this is to make it easier for you to read conversion results and to provide an accurate outcome.

Why does Jenius use 2-decimal rounding for foreign currency?

Jenius follows the standard of most foreign currencies, which have 2 decimal places. This makes your transactions smoother and easier to understand.

What are the rounding rules for Foreign Currency in Jenius?

Here are the specific rules for rounding:
– Jenius uses rounding down.
– Rounding applies to buying and selling Foreign Currency, including when you first activate a Foreign Currency account.
– Rounding applies to foreign currency conversion results that have more than 2 decimal places. For example, a conversion result of 5.126 is rounded down to 5.12.