How to Open a Bank Account in Indonesia for Foreign Citizens

Seeking to attract the interest of foreign citizens to invest and travel in Indonesia, helping the country’s foreign reserve in the process,[1] Financial Services Authority Circular Letter No. S-246/S.01/2015 regarding Foreign Citizens Opening Bank Accounts in Foreign Currencies (“OJK Circular”) has been issued to all commercial banks on September 15, 2015, to ease requirements for foreign citizens in opening a domestic bank account.

The OJK Circular first makes reference to Bank Indonesia Regulation No. 14/27/PBI/2012 regarding Commercial Banks, Anti-Money Laundering and Terrorism Funding Prevention Programs (“BI Regulation”), under which the documents required from foreign citizens in engaging any transaction with banks is their passport and residency permit. A residency permit can be substituted with a reference letter issued by an Indonesian citizen or organization, or financial service provider from the person’s country of origin.[2]

Now, according to the Circular, for foreign citizens’ bank accounts with an amount of no more than USD 50,000 (or equivalent), a residency permit or reference letter can be substituted with any of the following documents of the foreign citizen’s country of origin:

  1. Employment or student card;
  2. Driving license;
  3. Health insurance card; or
  4. Citizenship identity card.

In doing so, a minimum initial deposit of USD 2,000 (or equivalent) must be made when opening the bank account. This is not required if a residence permit or reference letter is provided.

If a foreign citizen intends to deposit more than USD 50,000 (or equivalent), the said person must show his/her passport and one of the following additional supporting document:

  1. Residency permit (temporary or permanent);
  2. Reference letter from an Indonesian citizen or institution or financial service provider from his/her country of origin;
  3. Letter of domicile in Indonesia;
  4. Copy of identity card of a spouse domiciled in Indonesia;
  5. Copy of lease agreement/contract of a residence in Indonesia; or
  6. Copy of credit/debit card.



[1] Jakarta Globe, “OJK Smooths the Way for Foreigners to Open USD Account,” September 18, 2015

[2] BI Regulation, Elucidation, Art. 15


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4 thoughts on “How to Open a Bank Account in Indonesia for Foreign Citizens”

  1. I’m from india I want to open an OFFSHORE NON-RESIDENT DOMICILIARY BANK ACCOUNT in central Republic bank Jakarta
    Tell me details of documents and deposit amount

  2. Respected sir,
    I am from India.i ask respectively, I want to open an OFFSHORE NON-RESIDENT DOMICILIARY BANK ACCOUNT in central Republic bank, Jakarta. Than , the requirements to open an account? Kindly, can be open My Account in our bank branch in Jakarta? Please, give me Account opening requirement. Tell me details.

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