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Indonesia – Banking

Indonesia is the largest economy in Southeast Asia and has a diverse and growing banking sector. In this article, we will explore the main local banks in Indonesia, whether major UK and USA banks have a presence in the country, the accounts and services offered by Indonesian banks for expats, the typical bank opening hours, any specific areas of concern expats should be aware of, and how to open a bank account as an expat.

Local Banks in Indonesia

The following are some of the main local banks in Indonesia:

Major UK and USA Banks in Indonesia

Major UK and USA banks such as HSBC, Citibank, and Standard Chartered have a presence in Indonesia. Their contact details can be found on their respective websites.

Accounts and Services for Expats

Most banks in Indonesia offer accounts and services aimed at expats. These accounts may come with different features and requirements compared to regular accounts, such as the need to provide proof of residency or a work permit. Some banks also offer foreign currency accounts and international money transfer services. It is best to check with individual banks for their expat account options.

Typical Bank Opening Hours

Most banks in Indonesia operate from Monday to Friday, from 8:30 AM to 3:00 PM. Some branches may also be open on Saturdays, and certain banks may have extended hours. It is best to check with individual banks for their specific opening hours.

Specific Areas of Concern

Indonesia has a growing economy and a stable banking sector. However, expats should be aware of the possibility of scams and fraud, especially when dealing with unfamiliar parties. It is also important to note that the Indonesian government may impose restrictions on foreign currency transactions, which may affect expats who need to transfer funds overseas.


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Opening a Bank Account

Opening a bank account in Indonesia as an expat typically involves the following steps:

  1. Choose a bank and the type of account you want to open.
  2. Gather the necessary documents, which may include your passport, work permit, and proof of residency.
  3. Visit the bank in person and fill out the application form.
  4. Provide any additional documentation or information as requested by the bank.
  5. Wait for your account to be activated, which may take a few days to a week.

It is important to note that some banks may require a minimum initial deposit to open an account, and some may charge maintenance fees or transaction fees for certain types of accounts.


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In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.

Germany's Health Insurance Update:

Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.

COVID-19 Measures Reintroduced in Cyprus:

With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.

Free Health Trials in Trieste, Italy:

Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.

Spain's New Health Advice App:

Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.

Expat Satisfaction with Healthcare in Mexico:

A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.

Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_nC_Fs6gU22U

Expat Focus International Healthcare Update January 2024

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