Bank Transfer Instruction

Closed loop VA

💡Closed loop VA is a payment where the source bank and beneficiary bank is the same.

For example, the source bank uses a BCA account and the beneficiary bank also uses a BCA account.

 

Open loop VA

💡Open loop VA is a payment where the source bank and beneficiary bank can be different (support payment from any bank) or can be the same.

For example, the source bank uses a BNI account and the beneficiary bank uses a BRI account or can be the source bank uses a BNI account and the beneficiary bank also uses a BNI account.

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