Demand Deposit

Features

Competitive interest rates.
In Indonesia Rupiah (IDR) and United States Dollars (USD).
Joint account facility.

Initial Minimum Deposit

Initial Minimum deposit amount to open an IDR and USD demand deposit account is IDR1,000,000 and USD1,000 respectively.

Foreign Currency Notes Deposit and Withdrawal

Commission will be charged on withdrawals made in foreign currency notes.

Interest

Interest is calculated based on monthly balance.
According to Indonesian Government regulation, your interest earned from your account will be subject to 20% withholding tax.

Monthly Report

Every month, your account statement will be made available at the Bank office or mailed to you as per your request.

Identification required to opening an Account

Please provide the following documents:
For individuals, please bring along:
1. Identity Card (KTP) or Driving License (SIM) plus NPWP for Indonesian;
2. Passport and Temporary Residence Card (KIMS/ KITAS) or Passport and Permanent Residence Card (KITAP) plus NPWP for foreigner;

For corporate customer classified as small-scale enterprises
1. Deed of Establishment and Articles of Association;
2. Business license or other license such as SIUP, SITU;
3. Power-of-attorney issued by the Board of Directors;
4. Taxpayer’s Identification Number (NPWP);
5. Other bank’s reference.
6. Identity documents of management authorized to represent the company, e.g., ID card (KTP), passport, or driving license (SIM);

For corporate customer not classified as small-scale enterprises:
Deed of Establishment and Articles of Association;
2. Operating license or other license such as SIUP, SITU;
3. Power-of-attorney from the Board of Directors;
4. Taxpayer’s Identification Number (NPWP);
5. Financial statement of the company or description of company’s line of business;
Management structure of the company;
6. Identity documents of management authorized to represent the company, e.g., ID card (KTP), passport, or driving license (SIM);
7. Other bank’s reference.

Government Taxes
Under Indonesia law, interest received from your account is subject to 20% withholding tax on interest payments.