Thread: Money transfer to Bali 2nd edition

BANK
- Can I open a bank account in Indonesia when i'm "only" social visa?

Although I have done so in the past, it seems the official answer is no and when I have opened accounts more recently I have had to provide my KITAS.

VISA
- I booked 31 days instead of 30 (should learn to count :roll: ) you guys think we will get problems? Thought to mention it at the immigration or is that stupid?

You can pay an overstay fee on departure was $20 per day last I heard.

so you probably won't be able board the plane let alone get through customs at the other end.

I know many people who have overstayed, including myself.

In fact my ticket always had a return date of a year later and it was never an issue.

I have never heard of anyone being refused to board the plane because their return date is beyond the date of the visa.

Hello waterdogs...

Originally Posted by waterdogs

Can I open a bank account in Indonesia when i'm "only" social visa?

Officially(following the law), no you can't open an account.

Originally Posted by waterdogs

Would you recomend to move money first on my own bank account in bali, than move it to
the seller?

Depends a little on what you're going to buy (land and then build yourself or a house), most agents have escrow accounts..you can transfer the money due into that account and from there it goes to all parties involved. Some notaries do the same, when aquiring land you can transfer money into their account and from there it will be transfered to all parties involved.

Originally Posted by waterdogs

Any advantage in moving money from USA to Bali, instead Germany? (Have also an account here)

depends on amount you wanna transfer and current conversionrates. Oh yeah..no taxes, since you can't tranfer into your own account overhere.

friendly greetings...gilbert.

If you have never lived here before, I would suggest renting a place for at least 6 months before deciding on buying property here. I think you can save money doing this and find the best property for your needs.

Originally Posted by waterdogs

So far so good, Commonwealth is good -- Barcleys is bad !

So, here my ultimative questions:

BANK
- Can I open a bank account in Indonesia when i'm "only" social visa?

Actually Barclays was just fine once they had found out which was the sister/correspondent bank of my Bank here in Indonesia - that wasn't really Barclays fault (they would say that) but the second time I transferred it went through a dream.

Can you open a bank account? Yes, you can, get your nominee to open a bank account in his name and give you the checkbook, and ATM card (and the pin number too of course :lol: ). At first I was a little cautious but then I though I I'm gonna trust the guy with my property (which you ultimately will do) then why choke at a simple bank account?

Up to you but that's the "simple" way - I have heard from reliable sources that you personally can open a bank account at the Pembantan (sp?) Banks, sorry the local banks with the green signs.

Originally Posted by waterdogs

- Would you recomend to move money first on my own bank account in bali, than move it to the seller?

First find a property, then organize your notary then discuss the total costs with said notary - really talk TOTAL costs with him - all extras, etc, etc. Once that is all clear then and only then transfer to your account or to the escrow account of the notary - but watch him like a hawk :x

Originally Posted by waterdogs

Any advantage in moving money from USA to Bali, instead Germany? (Have also an account here)

When you get that far you might want to ask your seller if he would maybe prefer the sale to take place in dollars in the USA? For a consideration for you, of course... 8)

Originally Posted by waterdogs

- Any advantage to use a German Bank in Indonesia, as my bank account (if I can open one)?
Deutsche Bank, in this case! Im not a banker, but maybe it than arrives as Euro in Indonesia, and can convert it while pick up?

You can actually have dollar or Euro accounts here in Indo but that won't do you much good at the moment with the dollar and Euro dropping (or Rup rising, never sure which it is)

I know its all a bit scary but if you are awake and honest you will do just fine. Viel Gluck und Mute

Markit