Guide to Various Bank Fees in Indonesia

Published on
December 30, 2022
Written by
Ekky Pramana

Banking activities are an important element that supports daily activities. We use the banks for transferring funds, savings, applying for loans, checking balances, e-wallets top up, subscription payments, bill payments, and their many other services regularly. Tese services can be accessed through branch offices, Automated Teller Machines (ATMs), as well as banking applications via cellular phones (mobile banking).

The Banks also charge specific rates for these banking activities. What is exactly the various fees that are charged by the banks? Let us break it down for you.

  1. Account Administration Fee

Account administration fees are rates charged by banks to their customers for maintenance and service fees of money deposit services or savings. This fee will be charged regularly every month, automatically debited from the balance in the customer's account.

The amount of each Bank's monthly account administration fee varies, depending on the policies of each Bank and the type of savings program. Here is an overview the monthly account administration fee of some major banks in Indonesia:

  1. BRI : Rp 5.000 - Rp 12.000
  2. BCA : Rp 15.000 – Rp 17.000
  3. BNI : Rp 5.000 – Rp 11.000
  4. Mandiri : Rp 0 – Rp 12.500

  1. Transfer Fee

Transfer fees are fees charged for the activity of sending money from one account to another that is charged to customers, either intra or inter-banks.

Usually, there is no fee to transfer between accounts of the same bank. For transfer fees between different banks, Bank Indonesia has separated them into two categories, namely BI-Fast and Real Time Online. The transfer fee for the BI-Fast system is IDR 2,500, while Real Time Online charges IDR 6,500 to IDR 7,500. For transfers with very large amounts (above 500 million rupiah), an RTGS (real-time gross settlement) fee of IDR 35,000 will be charged.

Currently, BI-Fast is still focusing on developing individual credit and debit transfer services, BI-Fast services development that include bulk credit, and request for payment will be realized in 2023.

  1. Account Opening Fee

When you open a new bank account, you will receive a passbook and a debit card as proof of account ownership. Several banks will charge fees for passbooks and cards. But sometimes,  the initial account opening fee is waived by the Bank.

  1. BRI : Rp 0
  2. BCA : Rp 0 – Rp 20.000
  3. BNI : Rp 1.500
  4. Mandiri : Rp 15.000

  1. Account Closing Fee

When your savings balance does not reach the limit set by the Bank and the account has been neglected for a long time without any transactions, then within a certain period of time the account will automatically be forfeited. In general, the account will automatically be terminated within a period of 6 months to 12 months.

However, the customer can submit a request to the Bank to close his account. The bank will charge a little sum for closing the account. here’s some closing fee comparisons from major banks in Indonesia :

  1. BRI : Rp 25.000
  2. BCA : Rp 5.000
  3. BNI : Rp 10.000
  4. Mandiri : Rp 50.000

  1. ATM Machine Fee

Automated Teller Machines are one of the facilities provided by banks to facilitate their customers' banking activities. ATMs can be used for services such as balance checking, transfers, payment of utilities and bills, cash withdrawals, cash deposits and many others. Here is a list of different fees for various transactions with various ATMs scattered across Indonesia.

  1. Initial Deposit

The initial deposit is a sum given to the Bank which will go into the customer's account as a token of the initial account opening. The nominal will differ from one bank to another, the type of savings account and products that the customer chooses will also affect the amount of the initial deposit fee.

  1. BRI : Rp 50.000 – Rp 1.000.000
  2. BCA : Rp 500.000
  3. BNI : Rp 500.000
  4. Mandiri : Rp 500.000 – Rp 1.000.000

  1. Settling Balance

This is the minimum amount of money or the lowest balance limit in an account set by the bank. This money cannot be withdrawn in cash nor transferred.

This is enforced as the Bank's anticipatory effort for when the customer no longer uses the account. In this case, the remaining balance will be used as the account closing fee.

  1. BRI : Rp 10.000 – Rp 50.000
  2. BCA : Rp 10.000 – Rp 50.000
  3. BNI : Rp 150.000
  4. Mandiri : Rp 100.000

  1. Asset Replacement Fees

The bank will charge additional fees to replace a missing passbook or debit or credit card. You can visit the nearest Bank service office and submit your issue and the Bank will ask for paperwork such as identity cards and supporting documents. You will have to pay a certain some for example:

  1. BRI : Rp 25.000 – Rp 50.000
  2. BCA : Rp 5.000
  3. BNI : Rp 15.000
  4. Mandiri : Rp 15.000

What if your passbook is all used up? Here are The costs of replacing a full passbook for each bank:

  1. BRI : Free of charge
  2. BCA : Rp 5.000
  3. BNI : Rp 1.500
  4. Mandiri : Free of charge

Table of comparison of fees charged by 4 major banks in Indonesia


So those are the costs details to know before opening a bank account in Indonesia. Usually, companies in Indonesia will have several accounts at different banks to facilitate their operational finance and separate their funds. This can hamper efficiency and make it difficult for the finance team to accurately gather insights on a company's current financial condition.

Same for financial applications and software. The majority of SMEs use at least 5 different financial applications to manage their business finances.

For this reason, Aspire provides the convenience of a business account that is directly linked to the company's budget, accounts payable and receivable management. with an approval system to allocate purchasing power to authorized teams or employees.

Open a multi-currency business account with Aspire in just a few clicks and separate your accounts based on each project or each division's budgets. All connected directly to your bookkeeping software to lighten your accounting team’s workload. With Aspire, all accounts are directly connected and updated in real-time so you can get the company's thorough financial condition and the insights needed to be able to make strategic decisions faster.

Check out Aspire's unlimited business account solution, or contact our team to schedule a demo and find out more about Aspire features that will make your business financial operations EASY.

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ABOUT THE AUTHOR
Ekky Pramana is a seasoned writer specialising in business finance and management. With a writing history at Tech in Asia, Teknoverso, and various other publishers, he leverages his market expertise to empower and educate first-time founders in managing their businesses better.
Ekky Pramana
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