Personal accounts: Indonesia
An honest assessment before work starts, the quote is fixed in writing.
We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, and careful preparation improves the odds.
We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.
What you need for a personal account in Indonesia
Indonesian banks mostly open a personal account for a foreigner who has a long-stay permit and a tax number. Since 1 January 2025 tax procedures run through the tax authority's single system: registration, returns and payments. The tax office treats a long-stay permit as showing an intention to reside, so tax residency can start on arrival rather than on day 184.
How opening the account works
- Passport and stay permit.
- Tax number and proof of an address in Indonesia.
- Source of funds and purpose of the account; income documents for large inflows.
- A branch visit to sign and verify identity.
An Indonesian resident declares not only income but all worldwide assets and liabilities, so we plan the account and tax residency together. More on our Indonesia taxes page.
Deposit protection in Indonesia
The state deposit insurance agency guarantees up to IDR 2 billion, about $111,700, per depositor per bank, including interest. There is a condition foreigners often miss: the guarantee applies only if the deposit rate does not exceed the guaranteed rate. From 1 October 2026 to 31 January 2027 it is 3.75% a year for rupiah in conventional banks and 2% for foreign currency. A deposit paying a higher rate is not covered, so check an attractive rate against this threshold. The agency reviews the guaranteed rate every few months, so check it each time the deposit is renewed.
What we do
- Personal account - opening assistance
See also
Company formation · Business account · Investment property · Country taxes · All country programs
We will calculate online the cost of opening a personal account and maintaining it for a year.
FAQ
Can a tourist open a bank account in Indonesia?
What do I need to open an Indonesian bank account as a foreigner?
Is there a minimum balance for an Indonesian bank account?
Does Indonesia report accounts under CRS?
Do you need a tax number for an Indonesian bank account?
When does a foreigner become an Indonesian tax resident?
How much of a deposit is guaranteed in Indonesia?
Are foreign currency deposits protected in Indonesia?
Want to open a personal account in Indonesia?
We explain which residence permit or visa an Indonesian bank requires, prepare the documents and follow the account opening. Every country is in the searchable catalogue.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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