Other Fees
Invest with ease—zero account opening fees
Deposit Fee
Depending on the top up method, Pluang may charge an administrative fee.
Top Up Method
Fee
Direct BCA Transfer
Free
Virtual Account
≥ Rp500,000 : FREE
< Rp500,000 : Rp3,000
E-Wallet
1.5%
Pluang Plus Members can enjoy USD Direct Deposit by contacting Relationship Managers for seamless transactions without incurring potential losses due to fluctuating forex rates.
Find out more about Pluang Plus
Withdrawal Fee
Transaction (per month/user)
Fee Charged
First transaction
Free
Second transaction and onwards
Rp4,500 per transaction
Foreign Exchange Fees
Pluang’s USD price is determined by custodian banks under the supervision of Bank of Indonesia, in compliance with Bappebti regulations.
Conversions between IDR to USD and vice versa are subject to a 0.25% fee.
There is a market spread based on volatility, volume, and the time of the day. As a rule of thumb, market spread will be the lowest during weekdays from 08:00 to 15:00. This is directly related to the bank’s working hours, as all of the foreign exchange (forex) transactions will be passed onto Pluang’s bank partner.
The spread typically increases when the banks are closed. This is mainly due to the fact that Indonesia’s local banks do the majority of the forex transactions, and there is very little liquidity when the banks are closed. Due to this, the spread will typically increase in anticipation of the overnight price movements.
See example
