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Topic: Creating indonesian bank account

Views: 794

replies: 3

By:

Mike

Posted in

Indonesia Indonesia

 

Creating indonesian bank account

« on: March 27 2010 20:03:00 »

Thinking this year instead of getting $5- $15 doller Cirrus charges each time for withdrawing
1million rupes each time, (often done many times in a row) wouldn't it be better to have an indonesian bank account.
Some places don't even have Cirrus international ATM's.
Would like to constantly direct debit /transfer small amounts of cash into the account rather than having a hiding spot in luggage too.

Can it be done by an Australian citizen?
What are the problems and charges etc..

By:

Simo

RE: Creating indonesian bank account

« Reply #1 on: March 28 2010 14:03:457 »

Yeah...my missus is Indonesian so we do this (we both live in OZ)

May be able to set up on net..or do it in Bali if your bahasa's not 100%..

Take it all in cash then put it in account, you can do international bank transfers from Oz but they cost about $25-$30 each time.(no limit on ammount)

Do a search for BCA bank there one of the better Indo banks that are everywhere...you should be able to view site in english.

By:

Tracey

RE: Creating indonesian bank account

« Reply #2 on: March 28 2010 22:03:107 »

Foreigners can set up an Indonesian bank account in their name if they are living and working in Indonesia on a KITAS visa.  To get this visa you will need to be sponsored by the company you work for.  The visa is valid for 12-months and renewable every year, costing approx. US$1800 / yr.  As a foreign resident in Indonesia you also need to have an NPWP (Indonesian tax file number) otherwise you'll be hit with FISCAL (Tax paid by KITAS/WNI when you leave Indonesia, currently Rp2.5 mil per time) plus departure tax of Rp150.000.  As a foreign resident you also have to apply for an exit permit to leave the country, these can be multiple or single and vary in length of validity.


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