Terms and Condition for an Account Opening

• Identity Card: KTP/KITAS
• The customer must have another savings or current account at Bank Mega as the account for debits and credits related to the Mega Rencana savings plan.
• Accounts are available for Individual Customers for Mega Rencana Regular (IDR & USD) and Mega Rencana Promo, as well as Non-Individual Customers for Mega Rencana Regular USD and Mega Rencana Promo.
• Terms & Conditions clik: Here
• Monthly Deposit Stipulations:
  • Monthly deposits are automatically debited according to the amount and date selected during account opening.
  • The debit process from the source account for the Mega Rencana account has a grace period of 5 calendar days from the auto-debit date.
  • If, during the grace period, the auto-debit system fails to withdraw funds from the source account, the Mega Rencana monthly deposit will be categorized as a failed debit.
  • Each time a failed debit occurs, a debit failure fee will be charged to the source account.
  • If the account fails to be auto-debited in the first month, the account will be debited for two times the normal monthly deposit amount in the second month, and this process will continue until the third month.
  • The failed debit conditions are as follows: :
    • In the first month, if a failed debit occurs, it must be paid in the following month.
    • In the second month, if a failed debit still occurs (whether for the first or second monthly deposit), it will be calculated as a consecutive failed debit (twice in a row).
    • In the third month, if a failed debit still occurs (whether for the first, second, or third monthly deposit), it will be calculated as a consecutive failed debit (three times in a row).

Failed Debit Calculation Illustration:

Note: The illustration also applies to deposits in USD, with a minimum Monthly Deposit of USD 10.

• Emergency Withdrawal clauses:
  • Applies only to Mega Rencana Reguler
  • A maximum of 3 emergency withdrawals per year is allowed after the first year, with an administration fee charged for each withdrawal.
  • Only 25% of the available balance in the account can be withdrawn, and the remaining balance must not fall below the minimum required balance.

• Mega Rencana Promo Clauses:
  • The availability of the prize type and color may change at any time based on stock availability, with no prior notice to the customer.
  • The Mega Rencana Promo scheme is subject to change at any time according to the terms and conditions set by Bank Mega.

• Insurance Protection Clauses:
  • FREE life insurance (free insurance premium)
  • The age range for free life insurance is 17 to 60 years old, with a maximum age of 65 at account maturity.
  • Customers over 60 years of age can still participate in the Mega Rencana Program but will not receive the life insurance benefit.
  • Life insurance is only available for Mega Rencana Reguler.
  • Mega Rencana Promo (with or without monthly deposits) does not include a Life Insurance facility.
  • If a customer holds more than one Mega Rencana account, life insurance benefits will be provided up to a maximum monthly deposit of Rp. 5,000,000 (five million rupiah) for IDR accounts or USD 300 (three hundred US dollars) for USD accounts, either as a lump sum or by continuing the savings plan until its completion.
• Payment of insurance benefits shall be the sole responsibility of the insurer, namely the insurance company cooperating with Bank Mega. Bank Mega shall act solely as an intermediary between the insurer and the insured, and shall not be liable for the payment of such benefits.
• For the purpose of registering the Customer’s life insurance, Bank Mega will submit the Customer’s account information and beneficiary details to the insurance company cooperating with Bank Mega.

Note:

The insurance protection under the Mega Rencana Savings is a product of an insurance company cooperating with PT Bank Mega, Tbk (the Bank). The Bank does not act as a guarantor of the insurance product and does not act as an agent or broker for the Customer. The granting of life insurance benefits to Mega Rencana Customers is entirely at the discretion of the insurance company cooperating with the Bank.