Contact

Indonesia Bank Account Setup

Overview

Business Hub Asia facilitates the opening of corporate bank accounts in Indonesia for both domestic (PT) and international (PT PMA) companies. This service caters to operational necessities, business transactions, and administrative obligations, providing comprehensive support from bank selection through account activation.

Get Expert Help

Key Features

Bank Selection Consultation

Recommend the best bank according to business needs, such as ease of international transactions, priority services, or investment partnerships.

Complete Administrative Process Assistance

We help you to notify and collect all required documents and ensure all bank requirements are met.

Coordination with Bank and Meeting Schedule

Arrangement of account opening schedule, including face-to-face meeting or online verification, according to the bank's policy.

Account Opening for PT PMA, Local PT, CV, and Foundation

Supports all forms of business entities, including foreign companies and non-profit foundations.

Remote Account Opening Options

For certain banks, account opening is allowed without physical presence in Indonesia (terms & conditions apply).

Minimum Requirements

Establishment Documents

Deed of Establishment and Legalization Decree (PT, CV, Foundation)

Tax & Business Registration

NPWP and NIB (Business Identification Number)

Company Structure

Identity of directors and shareholders

Authorization

Power of attorney (if authorized)

Supporting Documents

Other supporting documents, depending on the type of business entity and the destination bank

Process and Timeline

1

Initial Consultation & Bank Selection

Discussion to determine the bank that suits your business needs, considering service features, administrative costs, and ease of access. Estimated Time: 1 working day.

2

Document Collection Requirements

Prepare company legality documents and the personal identity of the management. Required documents:

    • Deed of Establishment & SK Kemenkumham
    • Business Identification Number (NIB)
    • Company NPWP
    • Domicile Certificate
    • Identity of Directors & Shareholders (KTP/Passport)
    • Power of Attorney (if required)

Estimated Time: 2-3 working days

3

Fill out the Application Form

Complete the account opening form using the company’s information. Estimated Time: 1 working day.

4

Bank Verification and Approval

The bank verifies the documents and company data. Estimated Time: 3-7 working days.

5

Initial Deposit and Account Activation

Make an initial deposit according to bank requirements and activate the account. Estimated Time: 1 working day.

*The total estimated time to open a company bank account is 1-2 weeks.

Important Consideration

  • Some banks in Indonesia require the presence of a managing director when opening an account.
  • For PT PMA, ensure the business license (OSS) and investment documents are complete.
  • Banks have their internal policies, including minimum initial deposits and additional verification.
  • Remote account opening is only possible for certain banks and highly documented clients.

Frequently Asked Questions

Can a foreign company open a business bank in Indonesia?

Yes, through the establishment of a PT PMA. Once the legalities are complete, the foreign company can open a corporate bank account in Indonesia.

Is physical presence required at the bank to open a new account?

It is not uniformly the case. While certain financial institutions facilitate remote account establishment, the prevailing practice necessitates the physical attendance of a director or duly authorized representative.

What types of accounts can be opened?

Current account (corporate), business savings, and foreign currency (USD, EUR, etc).

Can the account be opened before the NIB is issued?

Most banks require NIB and NPWP as the main requirements for opening a business account.

Does this service also cover foundations or non-profit organizations?

Yes, we handle account opening for foundations and other social organizations.

Is there a minimum opening balance?

It depends on the bank requirement. Minimum balance may range from Rp. 1.000.000 (one million Rupiah) to Rp. 10.000.000 (ten million Rupiah) for a standard business account.

Comprehensive Support to Keep Your Business Running Smoothly

From operations to local compliance, our support services are designed to help your business grow sustainably in Indonesia.

Service Form