Malang

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Banks and ATMs

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Banks and ATMs in Malang, Indonesia

Types of Banks Available

  1. National Banks: These include state-owned banks and private banks that operate throughout Indonesia.
  2. Foreign Banks: Some international banks have branches in Malang, catering to expatriates and tourists.
  3. Microfinance Institutions: Smaller banks that offer basic banking services, often with a focus on local communities.

Popular Banking Institutions

  • Bank Mandiri: One of the largest banks in Indonesia, offering a wide range of services.
  • Bank Rakyat Indonesia (BRI): Known for its extensive network and services tailored to rural areas.
  • BCA (Bank Central Asia): Popular among expatriates for its reliable services and ATM network.
  • CIMB Niaga: Offers competitive services and is known for good customer service.
  • BNI (Bank Negara Indonesia): Another major bank with a solid presence in Malang.

ATM Availability and Locations

  • ATMs are widely available in Malang, especially in urban areas, shopping centers, and near tourist attractions.
  • Common locations include:
    • Shopping Malls: Malang Town Square, Mall Olympic Garden.
    • Major Streets: Jl. Soekarno-Hatta, Jl. Ijen.
    • Banks: ATMs are located outside most bank branches.

Fees for Withdrawals

  • Local Cards: Typically, there are no fees for withdrawals from local bank ATMs.
  • International Cards: Fees can range from IDR 5,000 to IDR 50,000 (approximately $0.35 to $3.50) per transaction, depending on the bank and ATM.
  • Exchange Rates: Be aware of the exchange rates applied by your home bank, as they may vary.

Operating Hours

  • Banks: Generally open Monday to Friday from 8:00 AM to 3:00 PM, and some branches may open on Saturday from 8:00 AM to 1:00 PM. Closed on Sundays and public holidays.
  • ATMs: Available 24/7.

Procedures for Opening a Bank Account

  1. Required Documents:
    • Passport (for foreigners).
    • KITAS/KITAP (temporary or permanent stay permit).
    • Proof of address (utility bill or rental agreement).
    • Tax Identification Number (NPWP) may be required for certain accounts.
  2. Process:
    • Visit a local branch of your chosen bank.
    • Fill out the application form provided by the bank.
    • Submit the required documents.
    • Initial deposit may be required (varies by bank).
    • Account activation can take a few days.

Cultural and Practical Considerations

  • Language: Most bank staff may speak basic English, but itโ€™s helpful to learn some Indonesian phrases.
  • Cash Transactions: Cash is widely used; carry sufficient cash for small purchases, especially in markets and local shops.
  • Safety: Use ATMs located in well-lit, busy areas. Avoid withdrawing large sums of money at once.
  • Banking Etiquette: Be polite and patient; banking processes may take longer than expected.

This guide provides essential information for navigating banking services in Malang, ensuring a smooth experience for visitors and immigrants.