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Opening a bank account in Indonesia


#1  2011-09-28 09:43:18

Julien
Founder
Julien
From: Grand Baie
Registered: 2005-03-11
Posts: 27532

Opening a bank account in Indonesia

Hi all,

is it difficult for expats to open a bank account in Indonesia ?

Which documents are required to open a bank account in Indonesia ?

How long does it take to open it ?

Is there any restriction for expats regarding the services (loans for instance)  ?

Which bank would you recommend ?

Thanks in advance for your participation,

Julien




 
 
 
 
 
 
 
 
 
 
 

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#2  2011-09-29 03:14:41

Chrispanjaitan
Member
Chrispanjaitan
From: Bali
Registered: 2011-09-07
Posts: 24

Re: Opening a bank account in Indonesia

Hi, Julien, I don't think it's difficult for expats to open a bank account in Indonesia as there are many expats are working/living in Indonesia. If you have a plan of opening a bank account in Indonesia, I recommend you to open it at Bank Mandiri, a leading bank in Indonesia. All you need are your valid passport or  temporary stay visa (KITAS) and Rp 500,000 (around USD 50) for the first deposit. And it doesn't take for a long time to open it up, less than an hour I guess. Hope it Helps you out.




 
 
 
 

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#3  2011-09-29 04:40:59

msunarto
New member
msunarto
From: Batam
Registered: 2011-09-13
Posts: 2

Re: Opening a bank account in Indonesia

Hi Julien,
The Bank in Indonesia has a list countries that cannot open the account in Indonesia. As I know, the list is dynamic. However, if you are not from conflicted country, that would not be a problem.

Regarding loan, in 2005 there was a regulation that prohibit foreigner as a debtor. I am not sure whether the regulation is still on. You might want to check with the bank officer.

You could try international bank such as HSBC (if you wish to to transfer to & from other countries, HSBC Premier has free "me-to-me" transfer around the word. However, min.balance for Premier account is 500 million rupiahs. Anyway, they have HSBC Regular account with 20 million min. balance without "me-to-me" facility).
This bank does not have lots of ATM, but you can withdraw from "ATM Bersama" Network at no charge. ATM Bersama network consists of almost all banks' s ATM in Indonesia.

Hope it helps.

Good luck




 
 
 
 

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#4  2011-09-29 07:12:39

Harmonie
ViP
Harmonie
From: Mauritius/Ile Maurice
Registered: 2011-06-13
Posts: 19273

Re: Opening a bank account in Indonesia

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#5  2011-09-30 23:35:41

mas fred
ViP
mas fred
From: Jakarta
Registered: 2009-08-02
Posts: 2321

Re: Opening a bank account in Indonesia

I have two accounts.
I did use BNI because it was the only bank in the town at the time. I keep it open because it's handy for money transfers and ATM queues are usually short.

My main bank is now BCA. Very busy bank but you get a good range of services.
One thing to note is paying by debit card in shops. Most larger stores have BCA machines only.




 
 
 

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#6  2011-10-04 15:07:42

tambunandesy
Active member
From: Jakarta
Registered: 2009-07-16
Posts: 51

Re: Opening a bank account in Indonesia

Hi Julien,

All the above advise are correct!  Basically as an expat you must have KITAS (permit for living).  As far as I know now passport is no longer valid.  The minimum deposit mostly bank is RP 500,000 (Five Hundred Thousand Rupiah).  Strongly recommended bank are Mandiri, BCA, Bank of Indonesia (BI), and Bank Rakyat Indonesia (BRI). 

Hopes this info is helpful.


Cheer
Desy




 
 
 

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#7  2011-10-04 15:17:31

Harmonie
ViP
Harmonie
From: Mauritius/Ile Maurice
Registered: 2011-06-13
Posts: 19273

Re: Opening a bank account in Indonesia

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