Definition of Bank Acceptance: Strategy for Using and Working Process of Bank Acceptance Credit

What is the meaning of a bank receipt? For bank users or bank customers, of course they are curious about what often appears in 2021. This bank acceptance is actually a form of payment system that can be directly guaranteed by the bank concerned.

Compared to having to stick to individual account holders. Usually, this bank receipt is often used by the company as a form of payment that is quite safe.

Meanwhile, in the discussion of finance, this one term has several meanings. The following are some brief explanations obtained from several literatures. Discussions regarding the meaning of bank acceptances are generally also related to other terms, namely bank, account, and also acceptance.

Definition of Bank Acceptance

Bank acceptance is a form of payment system that can be directly guaranteed by the bank concerned, rather than having to stick to individual account holders. In general, bank receipts are often used by companies as a relatively safer form of payment.

The way bank receipts work is very easy and without us realizing it, this bank acceptance is closely related to the checking process which requires several related banks to pay a sizable amount of money to the cardholder based on a predetermined date. Generally, the issuance takes approximately 90 working days.

As a result, with this bank acceptance, the use of bank access can be used before the maturity date at a predetermined deadline of up to 180 days. Not only that, bank acceptance is also a new form of investment that is often used and traded by institutional investors and also banks in the secondary market before maturity. That way, access to the use of this bank can run optimally.

In addition, access transactions using bank receipts are large in number and include part of short-term instruments. In fact, the way a bank account works is quite easy. That way, bank acceptance can be said in fact that in using bank access it can be utilized before it finally matures on a predetermined date or until it lasts for 180 days.

Bank Acceptance Implementation Strategy

The implementation of this bank acceptance will be adjusted to the strategy placement that has been determined in the bond trading system without the use of coupons. Where this bank receipt can be sold at a nominal value and also an additional discount that has been determined based on the length of time before it is due on a predetermined date.

What’s more, the credit system for short-term working capital used is incidental and does not fluctuate too much.

Restrictions on Bank Acceptance Withdrawals

Straightforwardly and precisely, the provision that will be given to the process of using this bank receipt is at least one percent with the charging system for the provision being given at the beginning.

In addition, the way to pay off bank receipts is also quite easy, namely payments will be made by all debit bank parties with the credit facility provided when it is due. The following are some of the restrictions on credit withdrawals at bank receipts, including:

  1. Restrictions on bank acceptance credit withdrawals of at least IDR 25,000,000.
  2. Then the maximum limit for credit withdrawal on bank receipts, the maximum withdrawal used is a credit ceiling with a large amount and has obtained approval.
  3. The period of time in the bank acceptance credit process is a minimum of two working days and a maximum of work, namely adjusting to a predetermined credit period.

Bank Acceptance Withdrawal With Revolving System

Withdrawing bank receipts can run smoothly if there is advance notification from the relevant bank. The media for withdrawals in the field of bank acceptance is using proof of receipt of money for customers or BTTUN. In addition, the nature of credit from bank receipts usually uses a revolving system with very effective and also floating interest rates. Not only that, the maximum credit period used only lasts for 12 months.

Bank Acceptance Credit Work Process

Discussing bank acceptances is certainly related to the type of credit used. For this type of credit, it is generally in the form of securities guarantees which are indirectly in the form of loans that can be given to the relevant bank to the customer so that they are used to purchase various types of securities. In this case, the bank will act as an intermediary in bank payment traffic.

This acceptance credit work process is carried out based on the amount of the loan given by the bank to customers who are entitled to issue money orders. Next, the notes used will later be traded by parties related to haki in the form of loans that have been given by the bank to registered customers.

The next process is that the customer must submit again the approved shipping documents to the importer.

In the process of implementing this money transfer, the transfer process will occur between countries and between regions based on requests made by the community. The next stage is that the bank will issue credit cards to customers who have already made a purchase transaction without having to carry cash.

Related parties will obtain collateral in the form of purchasing securities. Therefore, it can be concluded that credit in this bank’s acceptance in the early stages of its development has involved functions and has had a positive influence to stimulate both parties to help each other and achieve the goals as well as possible.

Everything can certainly run easily and smoothly if it has a good social and economic influence on the debtor, creditor, and also the community.

Current Ways of Banking Transactions for Today’s Children

Not only food or fashion, the banking world also continues to adapt to the conditions of the times. Moreover, to accommodate millennial youth or what is often called today.

Banking transactions are made in a more practical way, thanks to the digital system. In fact, for those who want to withdraw money, now it can be done without using a card. Therefore, here are some modern ways to carry out banking transactions that you should know about, including:

1. Credit Card

This credit card appeared for the first time in the 1940s, at which time credit cards became objects that could drastically change the face of the world economy. This credit card is claimed to be one of the most popular non-cash payment instruments in all corners of the world. Even so, the growth of credit card holders in Indonesia is still stagnant from year to year.

2. Cardless Cash Withdrawals

Usually, we have to use an ATM card to be able to withdraw cash. However, what happens if the card is left behind or lost? Don’t worry, several banks have now developed a cardless cash withdrawal system.

The method is quite easy, we only need to enter M-Banking from the bank we are using, then select the cardless cash withdrawal menu, and enter the nominal amount of money we want to withdraw. After that, we will get a transaction code which we will use when we are at the ATM to withdraw the money.


In this digital era, very few people do not have a smartphone. Taking advantage of this trend, several banks have responded by issuing the QRIS feature.

Where customers can pay or make transactions using smartphones only. The seller will later show the QR that is used to represent the bill. We only need to scan using the smartphone camera before opening the related application. After that, we can pay bills in a cashless way or only by using a smartphone.

4. Mobile Banking

Along with the sophistication of technology, transactions can now also be done via smartphone. The only way to do this is to download the mobile banking application, according to the bank we use. In just a few clicks, we can complete all important transactions without wasting a lot of time and certainly don’t have to stand in line.

Get to know Banking Products

Knowing about various kinds of banking products as well as other financial elements is the main thing that we need to have before maximizing the bank’s role in maintaining and managing the assets we have.

This is because every banking product available, in addition to offering convenience and benefits for its users, also has a risk side that we must be aware of so that it can be adapted to our current conditions or needs. The following is a list of popular banking products used by the general public, including:

1. Savings

The first banking product is one that is quite commonly owned and used by the general public or bank customers. As the name implies, savings is a banking product that is offered when we have a need to save or simply save money in the bank.

Beyond that, savings are also banking products that we must have when we work. This is because the income we earn at work will be channeled every month to the savings we have in the bank. Savings also has a withdrawal or transfer of funds feature that can be used at any time.

At the beginning of its presence in Indonesia, the types of savings provided by banks were quite varied. However, this one banking product has developed in various types that offer benefits that have been adjusted to the customer’s goals in saving. In general, savings now also offer types such as Hajj savings, planned savings, or term savings. When a customer agrees to use this banking product, the customer will receive the following completeness:

a. Saving book

The savings book is a proof that we have been registered as a customer of a bank that uses savings banking products. Where this passbook has a function as an information center for the various banking transactions that we carry out in the savings banking products that we have.

Apart from including your name, the savings book also contains information related to your account number which is useful for maximizing the feature of transferring funds from other parties to your savings account.

b. ATM card

In addition to getting a savings book, as a sign of ownership of savings banking products, we will also get an ATM card. Where this ATM card is a banking product facility that is useful to make it easier for us when transacting with funds in our savings.

The function of the ATM card that is most often used is to withdraw funds at an ATM machine or to pay for our purchases through the debit feature embedded in the ATM card.

2. Deposits

The next banking product that is quite popular among the public is deposits. In terms of basic characteristics, these deposits have the same function as savings, namely as a means of storing funds. However, unlike savings, where funds can be arranged or withdrawn at any time, this banking product has a certain deadline before we can withdraw funds that have been deposited into a deposit.

We need to really pay attention to the characteristics of this banking product. If we choose to withdraw funds beyond the agreed deadline, we may be subject to a penalty which will result in deducting the funds in the deposit account.

3. Credit

Maybe many of us are more familiar with credit cards as banking products. But in fact, credit cards are part of the credit products offered by banks. Credit banking products are one of the three bank functions that ensure that they can help the community. With this banking product, banking institutions can help a person or business entity to be able to buy an item and pay for it within a certain period of time. Provisions regarding credit as a banking product have also been stated in the Law of the Republic of Indonesia, Number 10 of 1998.

Everyone who uses this banking product needs to understand that there are several elements such as a period of time, collateral, interest, and administration fees that will be accumulated on credit bills.

In addition, credit as a banking product also has benefits in encouraging growth and expanding the economy, reducing the unemployment rate, increasing people’s income, being one of the business capital, and also a source of business development funds, as well as providing a sense of security for its users.

4. Online Banking

The next banking product that is quite popular for use by the public is online banking. Where online banking is one of the banking product services that makes it easy to make transactions and manage customer finances anywhere and anytime.

Online banking in Indonesia is generally divided into three types, namely SMS Banking, Internet Banking, and also Mobile Banking. Services in this one banking product allow customers to be able to carry out transactions such as money transfers, bill payments, and use them as payment methods without the need to move from where one is.

5. Giro

For individuals, maybe current account is one of the banking products that is quite foreign to use. This is because the presence of current accounts is more often used as a savings banking product by business entities. Unlike savings, which can be disbursed via an ATM, this banking product can only be disbursed using a check or slip issued by the bank, subject to the approval of the current account owner.

This is an explanation of the meaning of bank acceptance, how to use it, and an explanation of several other banking products that can be used by the general public.