GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Bank Mandiri

How to open a bank account in Bank Mandiri

GSL reference about the bank What is it?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

GSL rating

rating

Beginning of cooperation

November, 2022

Last contact

December, 2024

Last update

March, 2024
  • Indonesia’s largest bank with total assets of more than USD 110 billion;
  • the bank opens savings (deposit) and settlement accounts;
  • the bank opens accounts for individuals, Indonesian companies and branches of foreign companies;
  • Individuals have to make a deposit of IDR 15 000 000 (~ USD 1 000); deposits can only be made in cash (IDR and USD);
  • a visit to the bank branch is required to open an account;
  • VISA bank cards are issued;
  • you have to get a work visa or sponsor’s letter to open an account;
  • Internet Banking is in English;
  • there is an application to manage the account from a phone / tablet;
  • account opening time ~ 2 days
GSL rating
rating
Beginning of cooperation
November, 2022
Last contact
December, 2024
Last update
March, 2024
Your Consultant
Поиск консультанта...

Поиск консультанта...

+44 0 207 822 85 93

General information and rating
General information and rating

Not rated
Global rating
Not rated
Countrywide rating
—
Countrywide rating of the head bank
—
Global rating of the head bank
Year of foundation
1998
History
The bank was formed in 1998 as a result of the merger of four banks: BBD, BDN, BankExim and Bapindo. The largest bank in Indonesia with total assets of more than USD 110 billion and in addition to Indonesia also serves international clients, having subsidiaries, branches and representative offices in London, Hong Kong, Singapore, Malaysia, Timor-Leste, Shanghai and the Cayman Islands
Personnel
There are English-speaking staff
Bank’s shareholders
The majority shareholder of the bank is the Government of Indonesia (60%)
Confidentiality
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed
Compare banks

    Minimum requirements
    Minimum requirements

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Minimum balance, €
    When opening a personal account individuals need to make a deposit of IDR 15 000 000 (~ USD 1 000). Deposit can be made only in cash, in IDR and USD.

    For accounts of legal entities there is no minimum balance

    Transactions permitted per month
    No restrictions on the number of transfers
    Initial deposit of funds, €
    Initial payment for individuals (personal account) - IDR 15 000 000 (~ USD 1 000)
    Deadline for the initial deposit, month
    When opening an account
    Minimum turnover, €/year
    No restrictions
    How fast payments are executed
    Payments - same day or next day

    Tariffs and services
    Tariffs and services

    N/A
    Outcoming transfer, €
    N/A
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Distant access to the account
    Internet Banking in English
    Financial products
    Bank Mandiri offers businesses and individuals throughout Indonesia a full range of banking and non-banking products and services
    Credit/debit cards
    VISA

    Account opening procedure
    Account opening procedure

    Days to open for incoming transfers
    Case by case
    Days to open for outcoming transfers
    Case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    A visit to the bank branch is required to open an account
    Required
    For an individual: original passport, TIN in the country of tax residency, Indonesian SIM card, proof of address of residence in Indonesia (hotel address can be provided), original sponsorship letter / document confirming permission to work in Indonesia / original certificate of filing for work permit.
    To open an account, you must obtain a work visa or sponsorship letter.
    For a legal entity registered in Indonesia: set of corporate documents, completed bank form for the company and owner, business plan.
    For an individual (directors / shareholders / beneficiaries / attorneys): original passport, TIN in the country of tax residency, Indonesian SIM card, address of residence in Indonesia (hotel address can be provided), original sponsorship letter / document confirming work permit in Indonesia / original certificate of filing for work permit
    Types of accounts
    Savings; Current
    Chances to open an account
    Predictable
    Business description
    Moderately detailed: along with a description of the business, you must provide information about the sources of funds
    Offers
    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,...

    USD 2 500

    Buy
    Obtaining a residence permit in Indonesia. Organization and support of the procedure. Service offer

    Categories of residence permit (Kitas) in Indonesia and the main conditions for obtaining them. Procedure for obtaining a residence permit in Indonesia. Services ...

    USD 3 500

    Buy

    Banks of Indonesia

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    Bank Mandiri
    2 500
    N/A
    N/A
    Permata Bank
    2 500
    N/A
    N/A
    Need a consultation from a specialist?
    Share on social media:

    Add a comment

    By clicking the «Send» button, you agree to the processing of personal data in accordance with the terms of our privacy policy

    RU EN