Opening a Bank Account

Required documents: 

• A valid passport

• A temporary resident permit (KITAS) 

• Proof of address in Indonesia

• A residency contact

• A domicile letter

• 4cm x 6cm photos of yourself

Step-by-step procedures: 

• Prepare the Required Documents: Gather all the documents listed above. Some banks may ask for additional documents, so check with the bank beforehand.

• Visit a Bank Branch: Go to the nearest branch of the bank you’ve chosen (e.g., BNI, Mandiri, BCA, or BRI).

• Inform Security: Let the security guard know you’re there to open an account. They will guide you to the customer service desk or add you to the waiting list.

• Consult Customer Service: Once it’s your turn, the customer service officer will explain the process and provide the necessary forms.

• Choose an Account Type: Select the type of account you want to open:

• Savings Account: For everyday use.

• Checking Account: For frequent transactions.

• Recurring Deposit Account: For saving money with fixed interest rates.

• Fill Out the Forms: Provide your personal details and submit the required documents.

• Pay the Initial Deposit: Deposit the minimum amount required to open the account (this varies by bank).

• Receive Your ATM Card and Savings Book: Once the process is complete, you’ll receive an ATM card and, in some cases, a savings book. Your account is now ready to use.

Opening an E-Banking Account

E-banking is extremely popular in Indonesia, and most transactions can be done using your smartphone. Popular e-banking apps include GoPay, OVO, and DANA. Most students don’t bring their wallet or cash, they simply bring their phone because you can pay for almost everything by simply scanning a QR code. Here’s how to get started:

Popular E-Banking Apps:

• GoPay: Integrated with Gojek (ride-hailing and food delivery).

• OVO: Widely accepted in malls, restaurants, and online stores.

• DANA: Popular for peer-to-peer transfers and bill payments.

Requirements for E-Banking:

• A local SIM card (required for registration).

• A valid passport or KITAS.

• A bank account (for some apps, like GoPay and OVO).

How to Create an E-Banking Account:

• Download the App: Install the app from the Google Play Store or Apple App Store.

• Register: Open the app and sign up using your phone number.

• Verify Your Identity: Follow the instructions to verify your identity using your passport or KITAS.

• Link a Bank Account (if required): Some apps may ask you to link a local bank account for top-ups.

• Top Up Your Balance: Add funds to your e-wallet via bank transfer, ATM, or convenience stores (e.g., Alfamart, Indomaret).

• Start Using the App: You can now make payments, transfer money, and pay bills by scanning QR codes or entering payment details.