Recommended Banks in Indonesia You Should Choose — Looking for more information about banks in Indonesia? Look no further as we are providing several major Indonesian retail banks that you can consider when opening an account in Indonesia.
There are two types of banks in Indonesia, commercial and community (rural) banks. One of the main differences between these two banks is just the features available for example, some community banks do not provide demand deposits.
Regardless of what you choose, they provide conventional business activities under the observation of Islamic (shariah) principles. Here are some major banks in Indonesia that you can consider:
BCA
BCA or Bank Central Asia is the largest private local commercial bank in Indonesia. They offer common bank products such as individual savings, loans, wealth management, electronic money, credit card, and Reward BCA—in which, you’ll get rewards whenever you use BCA Credit Card at Reward BCA merchants.
Another plus side of BCA is their BCA mobile app that allows you to transfer money, check transaction history, pay at merchants and also draw cash in ATMs without needing to bring your credit or debit card.Head office: Menara BCA, Grand Indonesia Jl. MH Thamrin No.1 Jakarta 10310
Website: bca.co.id/en/individu
SWIFT code: CENAIDJA
Telephone: 1500888
CIMB Niaga
CIMB Niaga is a private international commercial bank that’s ranked sixth in terms of the largest bank asset in Indonesia. Like BCA, they offer common banking products such as bank accounts, credit cards, Bancassurance, loans, KPR CIMB Niaga, Treasury CIMB Niaga, and others. They recently released an online banking app called OCTO mobile that allows you to make transactions remotely much more simple and easier.
Head office: Graha CIMB Niaga Jl. Jend Sudirman Kav. 58 Jakarta 12190, Indonesia
Website: cimbniaga.co.id
SWIFT code: BNIAIDJA
Telephone: 14041
Mandiri
Mandiri is a merged state-owned commercial bank in Indonesia. It is the largest bank in terms of assets, loans, and deposits. They provide common banking products such as saving accounts, loans, credit cards, debit cards, investment and insurance, e-banking, and money transfer for individuals and businesses.
Head office: Jl. Jendral Gatot Subroto Kav. 36-38 Jakarta 12190 Indonesia
Website: bankmandiri.co.id/en/
SWIFT code: BMRIIDJA
Telephone: 14000
Maybank Indonesia
Maybank Indonesia known as Bank International Indonesia is a private local commercial bank. As the name states, Maybank Indonesia is part of Maybank, one of the largest financial services groups in ASEAN. Maybank has tons of facilities in their products along with an e-banking mobile app called M2U.
Head office: Sentral Senayan (SS) III Jl. Asia Afrika no. 7 Gelora Bung Karno Senayan JakartaPusat, Jakarta 10270
Website: maybank.co.id/en
SWIFT code: IBBKIDJA
Telephone: 1500611
Danamon
Danamon is an Indonesian private local commercial bank and the sixth-largest bank in terms of assets. Danamon is a bank for your everyday needs as it provides products for individuals, and businesses to the point it has a service to plan your retirement day. Just like any other bank in Indonesia, it features an online banking service that allows you to do your transactions mobile and whenever. However, the mobile app is not available just yet.
Head office: Menara Bank Danamon Jl. HR. Rasuna Said Blok C No. 10 Karet Setiabudi, Jakarta 12920
Website: danamon.co.id/en
SWIFT code: BDINIDJA
Telephone: 1500090
Permata Bank
Permata bank is a commercial bank in Indonesia that offers banking products and services. Plus, they are a major BUKU IV bank listed on the Indonesia Stock Exchange. Several bank products that they offer are saving accounts, time deposits, mutual funds, personal loans, credit cards, and mortgages for retail customers.
Head office: Permata Bank, WTC II Jl. Jend. Sudirman Kav. 29-31, Jakarta Selatan 12920
Website: permatabank.com/en
SWIFT code: BBBAIDJA
Telephone: 1500111
BRI
Bank Rakyat Indonesia (BRI) is established by Raden Bei Aria Wirjaatmadja and it’s one of the largest state-owned banks in Indonesia. For their services, they specialize more in small-scale and microfinance-style borrowing and lending. Above any common banking products, it also provides digital banking where you can do your transactions via their mobile BRI app and also digital loans.
Head office: Gedung BRI 1 Jl. Jend Sudirman Kav. 44046 Bendungan Hilir, Tanah Abang Jakarta Pusat 10210
Website: bri.co.id
SWIFT code: BRINIDJA
Telephone: 14017 / 1500017
For you who want to open a bank account in Indonesia, it is required that you provide some documents such as a photocopy of a valid passport, and a photocopy of a temporary or permanent stay permit (KITAS, KIMS, KITAP). Some banks might ask for references from sponsors or employers, so make sure you provide that too just in case. Opening an account and debit card can be done in one day, some banks also might offer up to open an account in US dollars with a minimum deposit required. If you find this article helpful, make sure to share this to your friends and family through your social media!
