Indonesia
Where should I setup a bank account in Indonesia?
We asked expats in Indonesia what banks they use and there advice about banking. They advised...
"• Expats should research the different regions and areas of Indonesia thoroughly before deciding on where to retire. • It is important to make sure that the necessary visa and residency permits are up to date. • Healthcare can be a challenge in Indonesia, and expats should look into their health insurance options before they move to the country. • It is crucial to ensure that taxes are filed correctly and paid on time, though many expats may require professional tax advice. • Indonesian law requires expats to have a certain amount of savings before they can obtain their retirement visa, so expats should budget accordingly. • It is also advisable to find out about the different cultural norms and customs that may apply to certain regions of the country," said another expat in Indonesia.
"Just opened an account yesterday. In Indonesia they pay 20% on one-year CD's! Trick is invest here, don't borrow here. They charge 25% interest on loans," wrote a member who made the move to Bali, Indonesia.
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Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Cigna Global HealthExpats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
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Other Questions:
- What should I pack when moving to Indonesia?
- Where should I setup a bank account in Indonesia?
- Will I be able to find a job in Indonesia?
- What is life like in Indonesia?
- What do expats in Indonesia appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Indonesia?
- Is there a lot of diversity? Are people in Indonesia accepting of differences?
- What are the schools in Indonesia like?
- What are healthcare services like in Indonesia?
- What are medical services in Indonesia like?
- Are healthcare and health insurance expensive in Indonesia?
- What are emergency services like in Indonesia?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Indonesia?
- How are local medical facilities in Indonesia?
- As a foreigner living in Indonesia, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Where should I setup a bank account in Indonesia?
If you live in Indonesia, newcomers to Indonesia would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
