Contents

Disburse Terms and Conditions

B. Introduction to Brankas Disburse

Service Description
Brankas Disburse product allows Users to disburse funds from their corporate bank accounts to both retail and corporate bank accounts through the facilitation of API and/or Brankas Dashboard.

Brankas currently acts as a disbursement facilitator which will allow User to get better access to disbursement functionalities to multiple designated bank accounts.
Disburse Product Types
Brankas currently offers 2 ways of utilizing our Disburse product. Brankas Users can use Brankas API for disburse and/or use Brankas Dashboard for disburse.
- Brankas Disburse API allows Users to integrate their respective systems directly into Brankas services.
  
  Through the API, Users will be able to access functionalities such as account inquiry, disburse requests, and status check. Brankas understands that our Users need access to multiple Banks, with Brankas API, Users only need to integrate to Brankas APIs, and Brankas will handle the integration process with Banks.
- Brankas Disburse Dashboard allows Users who may not need a system-to-system integration or does not have the necessary resources at that moment to start using Brankas Disburse product without any need for development.
  
  Within Brankas Disburse Dashboard, Users can register source accounts and beneficiaries, check the latest status of the transaction and manage Users’ workflow in performing fund transfers.

Brankas Disburse Features
The following features of Brankas’ services:

User Onboarding
Users get to access and use Brankas Disburse services after the User completes the registration process.

Based on Users’ transaction needs, there are two (2) types of accounts with different pricing schemes:
- Basic Account
  For Users with a transaction projection of fewer than 100,000 transactions per year.
- Enterprise Account
  For Users with a transaction projection of more than 100,000 per year.

Integration with Users
Brankas provides two (2) environments to be used by Users:

Environment	Definition	URL
sandbox⁽¹⁾	Sandbox environment allows potential Users and Users to conduct testing during development and try Brankas Disburse without involving movement of funds.	https://disburse.sandbox.bnk.to
Live	Live environment allows Users to conduct fund transfer in real-time once the onboarding process to Brankas and Brankas’ partner bank is completed.	https://disburse.bnk.to

¹⁾Mock values are provided in a sandbox environment for testing purposes

Account to account Fund Transfer

There are two methods to perform transactions through Brankas Disburse Dashboard:
- Single disbursement
  Single disbursement allows Users to do disbursement to a single beneficiary account. To execute a single disbursement, a User has to configure the beneficiary accounts in Brankas Dashboard’s “setting” menu.
- Bulk disbursement
  Bulk disbursement allows Users to do fund transfers to multiple beneficiary accounts by uploading a formatted .csv file.
  
  In the .csv file, Users may register up to 1000 beneficiary accounts in one (1) Bulk Disbursement request. To execute bulk disbursement, Users have to fill in and upload a .csv file (file example available for download in Brankas Disburse Dashboard) with the beneficiary’s details and specify the source account in Brankas Disburse Dashboard that will be used for the transfer.

Brankas Disburse allows Users to execute fund transfers between bank accounts, whether within accounts (intrabank) or across Banks (interbank)

Intrabank Transfer (Same Source & Beneficiary Bank)
Intrabank fund transfer is facilitated by our integration with the banks. For example, this integration allows our Users who have an account in BCA to do intrabank transfers to another BCA account using Brankas API.

Disbursing an amount of 100,000 IDR from BCA to BCA account will result in IDR 100,000 being deducted from the User’s BCA corporate account and transferred to the designated beneficiary BCA account. There are no extra fees charged by the source Bank.

Interbank Disbursement (Different Source & Beneficiary Bank)
Interbank disbursement is facilitated by our integration with the banks. For example, this integration allows our Users who have an account in BCA to do Interbank disbursement to a BNI account using Brankas API. For example, transferring an amount of IDR 100,000 from BCA to a BNI account will result in IDR 100,000 + additional fee being deducted from the User’s BCA corporate account and transferred to the designated beneficiary account. This model has an additional fee charged by the source bank for the disbursement in which the interbank transfer fees vary from bank to bank and may change without notice.

Type	Source Bank	Destination Bank
Intrabank & Interbank	BCA	BCA & Any Domestic Banks⁽¹⁾
Intrabank & Interbank	BNI	BNI & Any Domestic Banks⁽¹⁾
Intrabank & Interbank	Permata	Permata & Any Domestic Banks⁽¹⁾

¹⁾Depends on Brankas’ partner coverage in Indonesia

Internal Workflow Management
Brankas provides a maker-checker system in the fund transfer procedure. In the process, the User has to assign one person responsible for uploading the data consisting of designated beneficiary accounts from the source account, referred to as maker.

After the data upload has been executed in the .csv format, the maker forwards the upload to another responsible person who will check to ensure the data in the .csv file uploaded by the maker are correct and appropriate. The party who will perform the checking is referred to as the checker.

With the existence of a maker-checker, Brankas do not perform further checking on the transaction order that will be forwarded to the Bank. Brankas is not responsible for any mistake in the making of fund transfer transaction orders performed by the User.
Transaction Status Monitoring
User may perform checking, browsing, and monitoring of the status of fund transfer transaction through Dashboard.