Current accounts with other banks.
1 . Understanding.
Current accounts with other banks are meant as deposits of a sum of money by a bank with another bank, either in the form of rupiah or foreign currency. Sharia banks will not be able to open checking accounts at banks that do not operate in an Islamic manner (conventional banks).
This is intended to prevent mixing of halal and haram money or finding it not in accordance with Islamic sharia. The reward for current accounts at Sharia banks is a bonus, while at conventional banks the current account service is provided. The second purpose of saving money in the form of current accounts or savings is to avoid having money sitting idle in cash. It is better to save it in the form of current accounts/savings, because there are rewards in the form of bonuses for current accounts and profit sharing income for savings. In conventional banks, the reward for savings is called interest income. The second purpose of saving money in the form of current accounts or savings is to avoid having idle money in cash. It is better to save it in the form of current accounts/savings, because there is a reward in the form of bonuses for current accounts and profit sharing income. for savings. In conventional banks the reward for savings is called interest income.
2. Difference between current accounts and savings.
According to law no. 10 of 1998 concerning banking in Indonesia in article 1 paragraph (6) states that giro is a deposit from which withdrawals can be made at any time using a check, belyet giro. means, other payment orders or by book transfer. In article 1 paragraph (9) it is stated that savings are deposits from which withdrawals can only be made according to certain agreed conditions, but cannot be withdrawn by check, blyet giro, and/or other equivalent amounts.
From the explanation above, current accounts and savings are both savings at the bank, but the tools for withdrawing/withdrawing the money saved are different.
Specifically for savings, the tool for withdrawal is a savings withdrawal slip. For deposits to the bank, it is called a tabugan deposit slip and/or a book transfer.
