Indonesia is a mesmerizing tapestry of natural wonders, encompassing a vast and diverse archipelago that stretches across the equator in Southeast Asia. Our sprawling nation, comprised of more than 17,000 islands, presents an enchanting landscape teeming with positive attributes that captivate both the imagination and the senses.
The country is known for its rich cultural heritage. The country is home to diverse ethnic groups, each with its own traditions, languages, and art forms. The people of Indonesia are a source of the nation, characterized by their warmth, diversity, resilience, and cultural richness. Their welcoming nature and powerful sense of community make interactions with Indonesians a memorable and enriching experience. The positive qualities of the Indonesian people contribute significantly to the country’s charm and appeal.
During your arrival in Indonesia, you are going to reach several of our main international airports in a view cities, such as Jakarta (the capital city of Indonesia), Surabaya (the capital city of East Java), or Denpasar (the capital city of Bali) prior getting to your next destinations. Please learn carefully what kind of transportation you MUST utilize to reach your place to visit. Since Indonesia is an archipelagic country, land or air transport is not the only answer for your travel, in some cases, water transport can be the only choice for you due to the limited access.
Opening Local Bank Accounts for International Students:
In general, opening local bank accounts for foreigners is simple in Indonesia. There are several banking institutions that may be chosen to use during your stay in Indonesia, such as Bank Mandiri, Bank Central Asia (BCA), and Bank Negara Indonesia (BNI). Besides that, for international students, some documents need to be submitted to the banking institutions, those are:
1. The application form from the nearest banking institution office
2. Passport
3. Passport-sized photograph (4 cm x 6 cm)
4. Domicile Letter
5. Bank certificate issued in your country of origin
6. Letter of recommendation from the university
7. The temporary residence permit (ITAS)
8. Deposit IDR 500,000 ($32.50)
“Please be cautious, that several bank institutions may require different documents“
Common Types of Bank Accounts
There are three common types of bank accounts in Indonesia these are:
Checking account: Payments can be made through cheques or demand deposit (GIRO)
Savings account: The most frequently used account that allows for real-time transfers
Deposit account: Offers higher interest rates and the deposits can only be withdrawn based on an agreement with the banking institutions.