How to Open a Bank Account in Indonesia

Both natural and legal persons are entitled to open a bank account in Indonesia. Find out how to open a bank account in Indonesia here.

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How Foreigners Open Bank Accounts in Indonesia

Corporate Entity

Opening a corporate bank account is one of the mandatory steps of a foreign-company incorporation process. The account must be established with a bank that is licensed as a Foreign-Exchanged Bank or Bank Devisa so that it can handle foreign currencies.

Even though most banks allow setting up a bank account after the company registration is complete, it is also possible to register a bank account during the process. Unfortunately, not all banks provide this service.

Foreign Individual

Banks apply different requirements, but a stay permit (either temporary or permanent) is required. Only with ITAS or ITAP foreign individuals in Indonesia are allowed to open bank accounts. In-depth knowledge of Indonesian regulations plays an important role because other than ITAS or ITAP, you will also have to prepare supporting documents.

In Indonesia, there are three commonly used bank accounts, namely saving, checking, and deposits accounts.

Savings account

Frequently used account that allows real-time transfers.
ATM card

Checking account

Payments via checks or giro (demand deposit)
Delayed payment by retroactive checks

Deposit account

Higher interest rates
Deposits are withdrawn based on an agreement between a client and a bank

Open a Bank Account in Indonesia with InCorp

On top of the bank account opening for foreign citizens and legal entities in Indonesia, InCorp Indonesia can assist in the following services that require an individual approach.

Registration of a Corporate Account from Overseas

Thanks to our partnership with several banking institutions, it is possible to open a bank account while staying in a different country. Once provided with the required documents, InCorp Indonesia will act on our client’s behalf and set up an account.

Open a Bank Account in Indonesia before Company Registration

To save time, InCorp Indonesia is here to work on customers’ behalf and start a business bank account during the establishment of a foreign-owned company is completed.

Company Registration

Indonesia Business Visa

Business Outsourcing

Business Setup​

Business License

Closing of Company (Dissolution)

Company Registration

Corporate Recovery & Insolvency

Environmental Permit

Land & Property Ownership

Merger & Acquisition

Virtual & Serviced Office

B3 Waste Permit

Business Process Outsourcing​

Accounting Services

Audit & Review

Employer of Record

Financial & Operational Resilience

Payroll Processing

Recruitment & HR Establishment

Tax Consulting

Tax Holiday

Tax Litigation

Immigration Consultation

Business Visa

Dependent Visa

Investor KITAS

Overseas Visa

Permanent Stay Permit (KITAP)

Retirement Visa

Social Visa

Spouse Visa

Tourist Visa

Visa on Arrival

Work permit & KITAS

Visa Diaspora

Product Registration & Import

Cosmetics

Export From Indonesia

Food & Beverage

Halal Certification

Health Supplement

Household Product

Import License

Importer of Record

Medical Device

SNI Registration

Trademark Registration

Compliance & Secretarial Services

Business Document Revision

Due Diligence & Background Check

Employment Service

Legal Agreement Service

Legal Consultation

Business Advisory​

Internal Audit​

ESG Advisory

Risk Management

Transfer Pricing Services

Transfer Pricing Advisory

Transfer Pricing Compliance

Other Services

Bank Account

Buying Agent

Driving License

IMEI Registration

Local Distributor & Partner

Local Partner Selection

Market Research & Analysis

Mystery Shopping

Jakarta

Bali

Semarang

Batam

Surabaya

Lombok

All Locations

E-Library

Personal Income Tax Calculator

Corporate Income Tax Calculator

Business Setup

Business Process Outsourcing

Business Advisory

Internal Audit

Are you ready to make your
mark in Indonesia?