Banking for Foreigners in Indonesia 2026: Complete Guide
Having an Indonesian bank account makes life much easier. Here's how foreigners can open accounts and manage money.
Can Foreigners Open Bank Accounts?
Foreigners can open Indonesian bank accounts if they have:
- Valid passport
- KITAS or KITAP (for full accounts)
- NPWP (tax number - often required)
- Proof of address in Indonesia
Some banks allow limited accounts for tourists, but full services require residency.
Account Types
Bank Account Types
Options for foreigners
| Feature | Savings (Tabungan) Standard account | Current (Giro) Business account | Foreign Currency USD, SGD, etc. | Tourist Account Without KITAS |
|---|---|---|---|---|
| Minimum Deposit | IDR 500K-1M | IDR 1-5M | Varies | Varies |
| ATM Card | Yes | Sometimes | No | Limited |
| Online Banking | Yes | Yes | Limited | Limited |
| Best For | Daily use | Business transactions | Holding foreign currency | Short-term visitors |
Best Banks for Foreigners
Recommended Banks
| Bank | Good For | Notes |
|---|---|---|
| BCA | Most popular, best ATM network | Foreigner-friendly |
| Mandiri | State bank, stable | Wide coverage |
| CIMB Niaga | Regional connections | Good for Singapore |
| Permata | International transfers | Competitive rates |
| HSBC | Internationals | Premium banking |
Most expats choose BCA because: - Largest ATM network in Indonesia - Accepted everywhere - Good mobile app - Relatively easy for foreigners
Account Opening Process
Opening a Bank Account
Step by step for foreigners
Document Requirements
Bank Account Documents
What you need to bring
identity
tax
address
financial
Banking Without KITAS
If you don't have KITAS:
Options
- Tourist savings accounts - Limited, some banks offer
- Digital banks - Some allow passport-only
- International banks - HSBC with global relationship
- Payment apps - GoPay, OVO (limited functions)
Without KITAS, banking options are very limited. Consider: - Using international cards (Wise, Revolut) - Withdrawing from ATMs with foreign cards
- Digital payment apps for daily expenses
International Transfers
Receiving Money to Indonesia
| Method | Speed | Cost | Notes |
|---|---|---|---|
| Wise | 1-2 days | Low | Best rates |
| Bank wire | 2-5 days | High | Traditional |
| PayPal | Instant | Medium | Limited withdrawal |
| Western Union | Instant | High | Cash pickup |
Sending Money Out
- Subject to documentation requirements
- May need to show source of funds
- Tax implications possible
- Some limits on amounts
Mobile Banking
Most Indonesian banks have apps:
BCA Mobile
- Transfers
- Bill payment
- QR payments (QRIS)
- Balance check
Features to Look For
- English language option
- International transfer capability
- Good UI/UX
- Reliable notifications
Fees and Costs
Common Fees
| Fee Type | Range | Notes |
|---|---|---|
| Monthly admin | IDR 0-15K | Some accounts free |
| ATM withdrawal (own bank) | Free | At own network |
| ATM withdrawal (other bank) | IDR 7,500-15K | Per transaction |
| Transfer (same bank) | Free-5K | Usually free |
| Transfer (other bank) | IDR 6,500-10K | Interbank |
| SWIFT international | IDR 50-200K | Plus correspondent fees |
Common Questions
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