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Opening Personal and Corporate Accounts at Indonesian Banks Service offer

Indonesia’s growing banking sector offers savings and settlement accounts with low deposit requirements. While most banks focus on Indonesia-registered companies, some allow accounts for foreign branches. Account signatories must visit the bank, and once opened, accounts include bank cards and English-language internet banking.

We offer full support for opening both personal and corporate accounts, assisting with documentation, forms, and in-person bank visits, ensuring a smooth process from start to finish.

Contents

  1. Advantages of Opening a Bank Account in Indonesia
  2. Service Fees
    1. Individual
    2. Legal entity
  3. Detailed description of the stages of supporting a corporate account opening
    1. STAGE I
    2. STAGE II
  4. General requirements of Indonesian banks for documents and information*
    1. For an individual
    2. For an Indonesian legal entity

Advantages of Opening a Bank Account in Indonesia

A rapidly growing banking sector;

Indonesian banks open savings (deposit) and settlement accounts;

Most banks focus on Indonesia-registered companies; however, some banks can open accounts for a branch of a foreign company;

Very low minimum balance and deposit requirements for corporate accounts;

The account signatory (director) or shareholder (depending on the bank) is required to visit the bank’s branch for account opening;

The bank issues bank cards;

Internet banking in English.

Service Fees

Services
Fees (USD)

Individual

Assistance with account opening, including accompanying the client to a meeting with a bank officer, assistance with filling in all necessary bank forms
1 800

Legal entity

Assistance with corporate account opening, including accompanying the client to a meeting with a bank officer, assistance with filling in all necessary bank forms
2 500

Detailed description of the stages of supporting a corporate account opening

STAGE I

upon your completing a special questionnaire, we get to know you and your business closer and offer a list of banks to choose from:

we help you to collect the necessary package of documents for account opening;

we arrange for pre-approval of the account opening application.

STAGE II

we accompany you on your visit to the bank;

we assist with filling in forms and communicating with bank employees;

after the successful opening of an account, you receive your account details and Internet banking codes. After that, the process can be considered completed.

General requirements of Indonesian banks for documents and information*

For an individual

  • Original passport;
  • TIN in the country of tax residence;
  • Indonesian SIM card;
  • Address of residence in Indonesia (a hotel address can be provided);
  • Original sponsorship letter / Indonesian work permit / original certificate of submission of application for a work permit.

For an Indonesian legal entity

  • Set of corporate documents;
  • Completed bank forms for the company and the owner;
  • Business plan;
  • For an individual (directors / shareholders / beneficial owners / attorneys):
    • Original passport;
    • TIN in the country of tax residence;
    • Indonesian SIM card;
    • Address of residence in Indonesia (a hotel address can be provided);
    • Original sponsorship letter / Indonesian work permit / original certificate of submission of application for a work permit.

*The list is not exhaustive. The bank may request any further documents and information.

Are you interested in the offer?
USD 2 500
Download offer in PDF
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+44 0 207 822 85 93
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