Pt. Danareksa Sekuritas SWIFT/BIC code

What DANCIDJ1 means for a payment to Pt. Danareksa Sekuritas

Whether a recipient gives you DANCIDJ1 or DANCIDJ1XXX, it is the identical address for Pt. Danareksa Sekuritas in Indonesia. A BIC does one job: it ensures that a cross-border transfer ends up at the right bank. In daily life you mostly come across it on international invoices, in payment forms and on the account details of Pt. Danareksa Sekuritas customers.

We wrote this page to help anyone who pays into an account at Pt. Danareksa Sekuritas without mistakes. Keep in mind that the BIC only identifies the bank, not the account: the account number or IBAN does that part.

Where our SWIFT data comes from

The codes here are taken from publicly available data which we refresh regularly. It is possible that information on this page is out of date after a merger or reorganisation. Figures such as the number of codes come from our directory and may differ from what Pt. Danareksa Sekuritas publishes.

Use our data as a starting point, rather than as the last word: the recipient’s bank details come first. We are an independent comparison service for money transfers and not part of Pt. Danareksa Sekuritas. Found an error? Let us know via our contact form.

Pt. Danareksa Sekuritas: head office code versus branch codes

With 2 codes in 2 cities, Pt. Danareksa Sekuritas belongs to the banks that use separate codes for parts of the organisation. The head office code remains DANCIDJ1XXX.

For the vast majority of incoming transfers, the head office code DANCIDJ1XXX is the right choice. A branch code only makes sense if the account holder specifically mentions it, which is more common for corporate accounts and trade services.

Not sure which code applies? Check with the recipient, or look at a recent statement from Pt. Danareksa Sekuritas. Branch codes can change over time.

When will the money arrive at Pt. Danareksa Sekuritas?

There is no single answer for every transfer: many land the same day or the next, others take several business days. Transfers sent after the cut-off time or just before a weekend or public holiday often start a business day later. Compliance checks on larger or unusual payments may also cause some delay, regardless of the details.

If a transfer seems late, ask the sending bank about the status; with that reference banks can see where the payment is. Save the payment confirmation until the recipient confirms.

Only the sending bank is able to request a trace or a recall; the receiving side usually has nothing to trace yet. Ask the sender for a copy of the payment confirmation including the reference.

How to check DANCIDJ1 before you pay

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have differs from DANCIDJ1 or DANCIDJ1XXX, do not guess: check with the recipient or with Pt. Danareksa Sekuritas directly.

With a wrong code, the payment may be delayed, be returned or end up costing more, and tracing it can take weeks. A mistake in the IBAN or account number is more serious because it can reach the wrong person.

An automatic check by your bank merely confirms that the IBAN exists, not that it is the right account. If your bank offers it, a name check on the recipient gives an extra layer of safety. For a first payment, some people start with a small test amount and wait for confirmation.

Why Pt. Danareksa Sekuritas has an 8- and an 11-character code

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. Combined, these eight characters form DANCIDJ1.

XXX at the end of DANCIDJ1XXX is not a missing value or a mistake: it stands for the main office of Pt. Danareksa Sekuritas. Certain payment forms insist on 11 characters, and then you can enter XXX after DANCIDJ1.

Type the code as one block, in upper case and without spaces. A single character can send the money to a different institution.

International transfers from Pt. Danareksa Sekuritas: the real cost

An international bank payment can cost rather more than the listed fee. Besides a fixed fee, correspondent or intermediary banks can take a cut, and when the money changes currency the bank usually uses a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert using an exchange rate that includes a margin. A simple test: put the rate you get next to the mid-market rate and look at the difference.

For many routes, a specialist provider is cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares what recipients receive across services, which makes the cheapest option easy to spot. Using a transfer service does not require closing your account at Pt. Danareksa Sekuritas – you pay the provider from your own account.

Changed bank details? Be careful

A common scam goes like this: an email arrives with a message saying that a contact now has a new bank account and asking you to pay there from now on. The fact that DANCIDJ1 exists is no guarantee that the account is genuine.

Before paying, verify a change of bank details through a phone call on a number you know, not one from the message. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. When a payment was sent to the wrong account, call your bank right away.

Recipients are targeted too: one known trick is an overpayment followed by a request to send back the difference. A screenshot of a transfer proves nothing – check your own account.

Getting paid from abroad into a Pt. Danareksa Sekuritas account

If you expect a payment from another country, give the sender a complete set of details. What they need is: your name, account number or IBAN, DANCIDJ1XXX and in many cases your postal address.

You can add the bank name and Jakarta as well. Check every detail before you share them, because the sender’s bank usually copies them as is.

Do not be surprised if the amount credited is below what the sender paid. Charges on incoming payments vary from bank to bank; check the price list of Pt. Danareksa Sekuritas. Agree with the sender who pays which costs, especially for larger amounts.