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Where should I setup a bank account in Indonesia?

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We asked expats in Indonesia what banks they use and there advice about banking. They advised...

"• Expats should research the different regions and areas of Indonesia thoroughly before deciding on where to retire. • It is important to make sure that the necessary visa and residency permits are up to date. • Healthcare can be a challenge in Indonesia, and expats should look into their health insurance options before they move to the country. • It is crucial to ensure that taxes are filed correctly and paid on time, though many expats may require professional tax advice. • Indonesian law requires expats to have a certain amount of savings before they can obtain their retirement visa, so expats should budget accordingly. • It is also advisable to find out about the different cultural norms and customs that may apply to certain regions of the country," said another expat in Indonesia.

"Just opened an account yesterday. In Indonesia they pay 20% on one-year CD's! Trick is invest here, don't borrow here. They charge 25% interest on loans," wrote a member who made the move to Bali, Indonesia.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

William RussellWilliam Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
Get Quote

Other Questions:

Where should I setup a bank account in Indonesia?

If you live in Indonesia, newcomers to Indonesia would love to hear your answer to this question.

If your answer relates to a specific city or town in Indonesia, please include the name of the city/town below:


About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

Lunch at the Ragunan Zoo in Jakarta, Indonesia

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

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