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Which bank?

Discussion in 'Bali Expat Forum' started by harryopal, Oct 24, 2017.

  1. harryopal

    harryopal Member

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    I understand that with Kitas I may be able to open a bank account. If that is so what bank would you recommend here in Bali that has on line banking facility and offers the best array of services. I need to be able to do internet transfers, and perhaps from time to time use the bank in other parts of Indonesia and use ATMs.
     
  2. sakumabali

    sakumabali Member

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    BNI or BCA do both fine, however if you need to make international ONLINE transfers there's just Citibank. And they have shitty rates...I meant in case you are not in Indonesia and you need to get Rupiah out of there
     
  3. davita

    davita Well-Known Member

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    HSBC also have online transfers but I use TransferWise which has a much better rate than the bank.....except they do not exchange Rupiah into another currency.
     
  4. harryopal

    harryopal Member

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    Thanks for the responses. I intend to use Transferwise next time I send funds to Indonesia or anywhere. I will keep my Australian account so the Indonesian bank would be to deposit funds and withdraw as needed. I guess each time I use my Mastercard here I am then having the relevant payment drawn against my Australian, Westpac account at the dreadful exchange rate the Australian bank offers. I presume it would make sense to get a Debit card on a local account having used Transferwise to move funds at the much better exchange rate.
    Any thoughts about local debit cards or credit cards once an account has been opened with BNI or BCA?
     
  5. tel522

    tel522 Active Member

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    Personally I would recommend Mandiri , after a phishing fraud at bca some years ago with absolutely no interest from bca customer services , there were many victims during that period with no recompense , mandiri also have notifications by sms at withdrawls over 1 million, international transfer comes in the next day with a decent exchange rate.
     
  6. davita

    davita Well-Known Member

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    Before you open an account with your chosen bank in RI establish if they will provide a credit card and under what conditions. That way you use the credit card for transactions, in Rupiah, which you have already had exchanged at the best rate. Also, many local bank credit cards offer substantial discounts which your overseas issued credit card probably doesn't.
    I only deal with HSBC Premium so cannot help but my wife (on a Kitap) has an account with Mandiri for easy local transfer to pay bills (no credit card), and she just opened an account in BankSinermas and is expecting her credit card in the mail soon.
     
  7. ronb

    ronb Active Member

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    My partner and I have Mandiri, BCA, BNI, Maybank, and Commonwealth accounts. Account costs are low. For online transactions the major banks like Mandiri, BNI, and BCA are better. You can purchase credit for prepaid phones, pay postpaid phone accounts, pay for electricity or pay TV. For e-commerce the BCA offering is called klikpay. To buy an airline ticket you proceed through to the payment bit and select klikpay say, it asks Your klikpay ID. Then you go to BCA and under e-commerce you find your airline and your booking is shown. You complete the payment. Immediate with no credit card fees.
     
  8. Faris Fals

    Faris Fals New Member

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    BCA :)
    Mandiri :)
    BNI :)

    BCA is my fav
     
  9. Fred2

    Fred2 Member

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    My wife uses BCA and I use Mandiri, they give a very good rate with my Australian atm card, and you can go on line open new acc and shift money around (in English). If you want to send small amount of money from Australia to your Indo banck acc I use Kangaroo servicers. 2 weeks ago I exchanged Aud to Rp, Mandiri gave my 10540Rp which was better then the street rate in Bali.
     
  10. samsiam

    samsiam Member

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    Cimb is very good... their internet banking is great ... no need kitas, just someone that has account already to introduce
     
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