Bank Card in Indonesia

Advantages of a Local Card for Russian-speaking Citizens:

• You can use it almost anywhere in the world (there are some exceptions, but more on that later);

• You can open either a VISA or MASTERCARD. This depends on the bank. We work with two banks - PERMATA (VISA) and MAYBANK (MASTERCARD);

• There is a very convenient money transfer system within Asia and Indonesia. Instead of using a card number for transfers, each account is assigned a 10 to 12-digit number. To transfer money to another bank, just find it in the list of banks and enter that number;

• The limits are increased to 100 - 200,000,000 IDR per day (about 12,000 USD). Your transactions are not constantly monitored, and your account won't be blocked for exceeding the limit.

Get an Indonesian bank card in Maybank in dollars or rupees in 1 day

Convenient card for accepting payments worldwide

VISA and MASTER CARD systems

Great for accepting and withdrawing money from abroad

Profitable and safe currency conversion

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Obtaining a Local Bank Card

A local bank card can be obtained in two ways:

• Having a KITAS (Residence Permit in Indonesia): Currently, this rule is in place for all banks;

• Without a KITAS: You will need to provide a local sponsor/guarantor and a set of documents. This option is currently available at Maybank.

Getting a Bank Card Through a Sponsor/Guarantor

The bank requires a guarantor to ensure your reliability and financial stability. Not just any Indonesian will suffice. Banks have specific, fairly strict requirements for sponsors:

• The guarantor must be an Indonesian citizen, over 18 years old;

• The minimum capital of the guarantor's deposit must be 10,000,000 IDR (approximately 700 USD), or roughly equivalent to two average monthly salaries in Indonesia. This is a significant amount for locals;

• The guarantor's account must have been opened at the bank for at least 6 months prior to their application to sponsor your account. This verifies the guarantor's reliability.

Due to these requirements and the increasing number of foreigners wanting to open local cards, banks have started issuing special permits/licenses for sponsorship.

Finding a guarantor in an unfamiliar country can be challenging, especially considering the many cases where guarantors disappear with funds on the island.

Restrictions on Card Usage:

Due to military actions in Ukraine, Indonesia, in accordance with international agreements, has also imposed some restrictions on cards issued to residents of Russia:

Information That the Bank Will Preliminarily Request:

• Date of birth
• Maiden name of mother
• Full name
• Marital status
• From what date have you been in Bali?
• Indonesian phone number (this is mandatory)
• Phone number in your home country
• Complete residential address in Indonesia (a hotel address is also acceptable)
• Complete residential address in your home country
• Occupation (it's best to specify business/freelance)
• Name of the company you work for
• Complete address of the company you work for (if you are an entrepreneur, you can provide your home address)
• Phone number to contact your employer
• How long have you been at your current job?
• Your income in US dollars (no need to provide proof)
• Your religion (strangely enough, this is also required by local banks)
• Level of education
• Passport details

Interestingly, while the bank collects quite a lot of information about you, it actually doesn't use most of it. No one will verify your employer's company, your work address, work phone, or income. Here's what is actually checked:

• Full name
• Passport details
• Indonesian phone number
• Actual presence on the island

Cost of Card Production:

• Permata Bank Visa:

  • Cards are issued at the Denpasar branch

  • Cost of card production - 800,000 IDR

  • Waiting period for the card: 2 - 5 days

  • Non-removable deposit 1,000,000 IDR for a multi-currency card (cannot be used)

  • Deposit 500,000 IDR for a Rupiah card (100,000 IDR cannot be used)

  • This option is suitable for those who need a multi-currency card

• Maybank Mastercard

  • Cards are issued at the Denpasar and Ubud branches

  • Cost of card production - 1,200,000 IDR

  • Waiting period for the card: 1 - 2 days

  • Deposit from 1,000,000 IDR (for Rupiah card), which can be used immediately

  • Deposit 250 USD (for Dollar card); 20 USD is "frozen," the rest can be used

Using Cryptocurrency

A system for accepting payments via cryptocurrency has been legalized. You can simply connect to a local cryptocurrency exchange and withdraw funds directly to your card. By opening a crypto account on a local exchange, you can create a very convenient system for transferring money worldwide, which will be outside of currency control.

How to Do It? Step-by-Step Plan:

• Open a crypto account on the local exchange, Indodax. Currently, the local exchange does not open accounts for Russian citizens, but we have found a way to do this and can help you open an account.

• Download the Indodax app on your mobile phone. (Please note that the app will only work with a phone that has an Indonesian SIM card. Confirmation SMS messages for login will be sent here.)

• Open a local bank card (e.g., PERMATA). In the Indodax app, link your bank card to your Indodax account.

Now, if you buy cryptocurrencies from anywhere in the world, you can easily transfer them to your crypto account and then to your bank card. The entire process takes about 2-3 minutes. The loss of funds on transactions and banking costs for an amount of 1,000 USD will be around 1-1.5 USD.