There are two or three types of banks in Indonesia, local or small institutions, following the Indonesian bank market. The requirements for opening a bank account differ for each type of institution. The general description may not match the bank you choose in the future. However, it is better to use services from large banks such as Mandiri, BRI, or BCA.
Changes to the process for opening a bank account in Indonesia give you the opportunity to choose from three types of bank accounts based on account balances, as follows:
- Limited Tourist Balance Accounts (USD 2,000 – USD 50,000).
- Unlimited foreign account balances.
- Special foreign account balance.
Thanks to its extensive network, EvadaID can provide you with information about bank institutions that can help you open a bank account in Indonesia quickly and efficiently.