PT Bank Negara Indonesia (Persero) Tbk or BNI is listed as the 4th largest national bank in Indonesia as measured by the level of data collection in December 2021, with total consolidated assets of IDR 964.8 trillion, or an increase of 14.9% in their year on year.
The bank, which opened a limited public offering of shares in 2010, managed to achieve a net profit of IDR 10.9 trillion. The profit increased more than three times or equivalent to 232.23% compared to the previous year which was only able to penetrate IDR 3.28 trillion.
The bank, who owns the issuer code BBNI, has a number of subsidiary companies, namely BNI Syariah, BNI Multifinance, BNI Sekuritas, BNI Life Insurance, and BNI Remittance. BNI offers fund storage services and loan facilities intended for the corporate, medium, and small segments.
A collection of BNI savings services, both for personal and corporate purposes, including:
- BNI Taplus;
- BNI Taplus Bisnis;
- BNI Giro;
- BNI Dollar;
- BNI Taplus Anak & Co-Brand;
- BNI Taplus Muda & Co-Brand;
- BNI Tappa;
- BNI Haji;
- BNI Pandai;
- BNI Simpanan Pelajar; dan
- Tabunganku.
BNI Personal Account
In order to answer the various needs of the general public, BNI introduces several benefits of banking services, including the ease of opening a savings account, access to online shopping platforms, and the facility in transacting with mobile banking, SMS Banking and internet banking. What are the savings options in the personal account category from BNI? Here is a list of the options:
- BNI Taplus;
- BNI Dollar (Personal);
- BNI Taplus Anak;
- BNI Taplus Muda;
- BNI Tappa;
- BNI Haji;
- BNI Pandai;
- BNI Simpanan Pelajar; dan
- Tabunganku;
Only by logging in to the BNI Mobile Banking application and attaching the required requirements such as ID (KTP/SIM/Passport) for Indonesian citizens, and a Permanent or Temporary Residence Permit Card (KITAP/KITAS/KMS) for foreigners, then you are ready to connect to become BNI customers.
BNI Personal Account Interest Rate
BNI's interest rate for individual deposits is calculated based on daily balances, with competitive numbers and varies according to customer needs. Here we provide a comparison:
- BNI Taplus : 0,00% - 0,80%
- BNI Dollar (Personal) : 0,00% - 0,25%
- BNI Taplus Anak : 0,00% - 1,00%
- BNI Taplus Muda : 0,00% - 1,00%
- BNI Tappa : 0,00% - 1,00%
- BNI Haji : No interest
- BNI Pandai : 0,01% - 0,25%
- BNI Simpanan Pelajar : 0.00%
- Tabunganku : 0,01% - 0,25%
BNI Personal Account Opening Fee
Only with an initial deposit of IDR 500,000 for Jabotabek and IDR 250,000 for Non Jabotabek or USD/SGD/AUD 100 for dollar savings, can you become a BNI customer. The account management fee per month is IDR 11,000 with a minimum balance of IDR 150,000 which has been applied since January 2016. Meanwhile, how much does it cost to open a personal BNI account?
- BNI Taplus : Free
- BNI Dollar (Personal) : Free
- BNI Taplus Anak : Free
- BNI Taplus Muda : Free
- BNI Tappa : Free
- BNI Haji : Free
- BNI Pandai : Free
- BNI Simpanan Pelajar : Free
- Tabunganku : Free
You will have a BNI Debit Card that functions as an ATM card and a Debit card, which can be used for shopping and other payment needs at merchants with the MASTERCARD logo, both at home and abroad.
In addition, there is an auto-debit service that will assist you in paying various routine bills such as water, electricity, telephone, cellphone, credit card or other bills automatically every month, so that you can avoid arrears due to late payments.
BNI Business Account
BNI also issues savings products intended for business activists, both individuals and companies, equipped with features and facilities that provide convenience and flexibility in supporting your business transactions. The variety of these products are:
- BNI Taplus Bisnis;
- BNI Giro; and
- BNI Dollar.
BNI Dollar deposits are available in foreign currencies (USD/SGD/AUD) which have more stable exchange rates. BNI Dollar account opening can be done on behalf of individuals or companies as well as joint accounts (fellow individuals or fellow companies).
The advantages offered are a BNI Gold Debit Card or a BNI Platinum Debit Card as a Debit Card with a higher limit. Other advantages include cash flow info at the end of the month, to automatic transfer system online (ATS online) or sweep account.
When opening a personal BNI account using only personal identity, as well as opening an individual business account, you only need to show your personal identity and registered business license. Meanwhile for PT, Cooperatives, Foundations, Firms and CVs, the following requirements are required:
- ID card of the founder and person in charge of the company (KTP for Indonesian citizens and KITAS for foreigners);
- Power of attorney to appoint account management;
- Tax Identification Number of the founder and person in charge of the company;
- Deed of Incorporation;
- Decree of the company's Ministry of Law and Human Rights;
- Company Tax Identification Number;
- Company domicile permit;
- Business Identification Number; and
- Business License from the OSS.
BNI Business Account Interest Rate
Since February 4, 2022, BNI has implemented a new interest rate that is more profitable and competitive, below is the details:
- BNI Taplus Bisnis : 0,00% - 1,50%
- BNI Giro : 0.00% - 2,00%
- BNI Dollar : 0.00% - 0,25%
For individual foreign currency BNI Giro accounts in USD, SGD, GBP, EUR, JPY and HKD, the interest terms are subject to change at any time. Then, the current account statement will be sent every month and can also be printed at any time according to the customer's request.
BNI Business Account Opening Fee
The initial deposit for a BNI company account is generally IDR 1,000,000, with a minimum subsequent deposit of IDR 5,000 and a minimum average balance of IDR 1,000,000 per month. That does not include the account opening cost, which consists of the initial cost of printing books and ATM cards, here are the details:
- BNI Taplus Bisnis : Free
- BNI Giro : IDR 15.000
- BNI Dollar : Free
BNI also has a Corporate Digital Services system, one of which is BNI Direct. What are the features?
BNI Direct is a cash management platform solution that has various features such as Collection Management, Liquidity Management, Payment Management, Digital Bank Guarantee, Financial Supply Chain Management, Online Trade, and open banking APIs to support integration and ease of banking transactions on the platform owned by business owners.
BNI is one of the major banks in Indonesia that people often go to for opening corporate accounts. Even so, the majority of people have accounts at more than 1 bank in Indonesia. It could be due to interest rates or more interesting promotional programs at other banks or certain needs for a network of business partners at different banks.
In response to this, the Aspire all-in-one financial management system provides integrated features for all your operational financial needs.
With Aspire, send and receive money through virtual accounts to various banks throughout Indonesia. All transactions will be recorded neatly and integrated with the company's bookkeeping and budgets. Check out other Aspire features such as claim management and expense management that can help your company's financial management become neater and more efficient.
Keep Aspiring with Aspire.
Frequently Asked Questions
How can Aspire support the unique financial needs and challenges of mid-sized businesses?
Aspire offers a comprehensive suite of expense management solutions tailored for mid-market companies. This includes sophisticated corporate cards, advanced budget controls, and streamlined claims and approval policies, all designed to enhance financial efficiency.
How quickly can a mid-market company integrate Aspire's solutions into existing systems and workflows?
Integration with Aspire's expense management solutions is swift and seamless. Mid-market companies can swiftly implement corporate cards with tailored features, set up nuanced budgets, and establish streamlined claims and approval processes, ensuring minimal disruption to existing workflows.
How does Aspire compare to competitors for international money transfers?
Aspire excels in international expense management with FX fees up to 2x cheaper than traditional banks.
Global payments are offered by various providers through business accounts. Read our article to know more about types of business accounts and how to choose the best one for your business. There are many banks and fintech companies offering business accounts to businesses in Singapore. We have covered them all in our blog, you can click the links to view accounts offered by various banks such as DBS, OCBC, Maybank etc.
However, if you are a start-up or a growing business, chances are you may not meet the eligibility criteria for most of these banks or find their charges to be expensive for your liking. You can consider opting for Aspire multi-currency account for global payments which offers you all the benefits, with eligibility criteria which are less stringent. Read our article on bank charges in Singapore for a quick and easy comparison.
What level of customization does Aspire offer to meet the specific financial requirements of mid-market clients?
Aspire understands the diverse financial needs of mid-market clients and provides a high level of customization to tailor solutions accordingly. This includes the ability to customize corporate cards with specific spending limits, rewards, and benefits that align with the unique requirements of each client.
Additionally, Aspire's budgeting features are adaptable to accommodate the distinct financial structures of mid-market enterprises. The platform also allows for fine-tuning approval policies, ensuring they align with the specific workflows and compliance standards of individual mid-market businesses. This commitment to customization empowers mid-market clients to optimize their expense management in a way that best suits their financial goals and operational preferences.
Is there a minimum balance required for Aspire Business Accounts?
No minimum balance is required to keep your SGD, USD, EUR, GBP and IDR Accounts activated.
Can Aspire's corporate cards be customized to cater to the specific needs of consulting teams on the go?
Yes, Aspire's corporate cards are highly customizable. Consulting teams can benefit from tailored spending limits, travel-centric perks, and real-time transaction tracking, ensuring that the cards meet the unique requirements of professionals on the move.
How does Aspire support budget management for consulting projects and travel expenses?
Aspire's platform offers sophisticated budget controls that consulting companies can adapt to project-specific needs. This includes setting project budgets, tracking expenditures, and receiving real-time insights to ensure that expenses align with project goals.
What are Aspire Corporate Card FX rates?
At Aspire, we want you to pay the lowest rates in the market.
- Zero card activation fees
- Zero card transaction fees
- Best FX rates, up to 2x cheaper than banks
How does Aspire help consulting companies enforce expense policies and approvals for travel expenses?
Aspire streamlines the claims and approval process, allowing consulting companies to establish and enforce expense policies seamlessly. Customizable approval workflows ensure compliance with company policies and industry regulations.
Is Aspire's platform scalable for consulting companies of varying sizes?
Yes, Aspire's platform is scalable and caters to consulting companies of all sizes. Whether you're a boutique consultancy or a larger firm, the platform's features can be adapted to meet your specific travel and expense management needs.
How can I open a business account in Singapore?
For a business account in Singapore, Aspire is an excellent choice. With a focus on startup and SME needs, Aspire offers a seamless and transparent banking experience.
Benefit from their user-friendly online platform, no minimum balance or account opening fees, and dedicated support for businesses of all sizes.
Aspire is designed to streamline your financial management, making it an ideal partner for entrepreneurs in Singapore.
How long does it take to open an Aspire business account?
Registration with Aspire takes less than 10 minutes which you can do via our website or mobile app.
Once registered, we will get back to you within 5 business days on whether your account has been activated or if we need further documents from you.
Our account verification process varies according to the nature of your business. In exceptional cases, it can take up to 7 days to process your documents.
How can Aspire's corporate cards benefit my startup?
Aspire's corporate cards offer a range of benefits for your startup. Earn 1% unlimited cashback on qualified spends, simplify expense management, enjoy streamlined transactions, and gain real-time insights into spending. With customizable limits, integration with accounting software, and enhanced security features, Aspire's corporate cards are designed to empower your startup's financial efficiency and provide added convenience for your team.
Is Aspire suitable for both early-stage and established startups?
Absolutely, Aspire caters to the needs of both early-stage and established startups. Whether you're just beginning your entrepreneurial journey or have an established business, Aspire offers tailored financial solutions to help streamline your operations.
From managing expenses and optimizing workflows to providing valuable financial insights, Aspire's platform is designed to adapt and scale with your business as it grows. The flexibility and scalability of Aspire make it a suitable choice for startups at various stages of development.
Is there a minimum balance required for Aspire Business Accounts?
No minimum balance is required to keep your SGD, USD and IDR* Accounts activated.
However, we recommend keeping your subscription plan amount available on your balance to ensure you're up to date with your payment every month.*
To create a recipient or make any transaction on your IDR Account, you'll need to have a minimum balance of IDR 10,000 on your account.
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