Indonesia · Business Banking
Opening business and personal bank accounts, remote options, required documents, and fees.
AI-drafted, editorially reviewed. Confirm specifics with the official authority.
Indonesian banking is modern with strong QR payments (QRIS). Foreigners generally need a valid KITAS/KITAP residency permit, proof of local address and an Indonesian phone number; a tax number (NPWP) is not required for a basic account but is increasingly requested. The OJK and Bank Indonesia regulate banks.
Banks in Indonesia are regulated by the OJK and Bank Indonesia; eligible deposits are protected by the LPS. Foreigners can open accounts with a valid KITAS or KITAP residency permit.
- Banks are regulated by the OJK and Bank Indonesia; deposits are protected by the LPS.
- Foreigners need a valid KITAS or KITAP, proof of local address and an Indonesian mobile number; a tax number (NPWP) is increasingly requested.
- QRIS powers QR payments and BI-FAST enables instant transfers.
- Bank Indonesia says non-residents may open accounts if they meet prevailing regulations and bank terms.
- Indonesia generally requires rupiah for domestic cash and non-cash transactions, subject to listed exceptions.
- Check licensed financial institutions and consumer-protection channels through OJK/BI rather than relying on marketplace claims.
- 1
Confirm your residency permit
A valid KITAS or KITAP (ideally with six or more months remaining) is required; a tourist visa alone cannot open a standard account.
- 2
Choose a bank
A major bank (BCA, Mandiri, BNI, BRI) or a digital bank; you must apply in person at a branch — online onboarding is not available to non-residents.
- 3
Gather your documents
Passport, KITAS/KITAP (original and copy), proof of a local address (rental agreement, utility bill or a landlord letter), an Indonesian mobile number and the minimum initial deposit.
- 4
Consider your tax number (NPWP)
An NPWP is not required for a basic personal account, but branches increasingly request it, and it becomes mandatory for balances above IDR 100 million.
- 5
Complete identity and KYC checks
Banks run identity and anti-money-laundering checks in person before opening the account.
- 6
Activate the account and set up payments
Receive your card and mobile banking, register QRIS, and set up BI-FAST transfers and bill payments.
- Passport
- KITAS or KITAP (residency permit, original + copy)
- Proof of a local address (rental agreement, utility bill or landlord letter)
- Indonesian mobile number
- NPWP (tax number) — increasingly requested; mandatory above IDR 100M
- Minimum initial deposit
- OJK (Otoritas Jasa Keuangan)
Financial services authority.
- Bank Indonesia
Central bank.
- LPS
Deposit insurance corporation.
Frequently asked questions
Can a foreigner open an Indonesian bank account on a tourist visa?
No — a standard account needs a valid KITAS or KITAP residency permit; a tourist visa alone is not enough.
Do I need an NPWP (tax number)?
Not for a basic personal savings account in most cases, but branches increasingly ask for it, and it is mandatory for balances above IDR 100 million.
What is QRIS?
Indonesia's standardised QR-code payment system, widely used for retail payments alongside BI-FAST instant transfers.
Government portals
- Directorate General of Taxes (DJP) — NPWP tax number, annual return (SPT) and the e-Filing system.
- OSS — Online Single Submission — Business identification number (NIB) and risk-based operating licences.
- Ministry of Investment (BKPM) — Foreign-investment rules, the PT PMA company form and sector restrictions.
- Ministry of Manpower — Foreign worker permits (RPTKA/IMTA), minimum wage and labour rules.