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...
"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," said another expat in Bali, Indonesia.
"• 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," wrote a member who made the move to Indonesia.
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Other Questions:
- What do I need to know before moving to Indonesia?
- How do I find a place to live in Indonesia?
- What is a typical expat home or apartment like in Indonesia?
- What is the average cost of housing in Indonesia?
- Should I buy or rent a home in Indonesia?
- What should I pack when moving to Indonesia?
- What cultural faux pas should I try to avoid making in Indonesia?
- Why do people move to Indonesia?
- What are healthcare services like in Indonesia?
- What are medical services in Indonesia like?
- What are typical rents in Indonesia?
- What appliances are typically included in a rental?
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.
