Document background
The Cash Account Management Agreement serves as the primary contractual framework for establishing and managing banking relationships in Indonesia. This document is essential when opening and maintaining cash accounts with Indonesian financial institutions, whether for corporate or individual clients. It encompasses comprehensive terms for account operations, electronic banking services, security protocols, and regulatory compliance requirements under Indonesian banking laws. The agreement addresses key aspects such as account access, transaction processing, fees, reporting, and customer due diligence in accordance with Indonesian Financial Services Authority (OJK) regulations and Bank Indonesia requirements. It's particularly crucial for businesses operating in Indonesia that need to establish local banking relationships and ensure compliance with Indonesian banking regulations.
