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Indonesia — SWIFT/BIC Codes & Payment Info
Browse banks, EMIs, PSPs and other organizations in Indonesia that hold a SWIFT/BIC code. See correspondent banking data and review the country's payment requirements.
Currency
IDR — Indonesian Rupiah
Payment requirements for Indonesia:
Obtain all required bank information from the Beneficiary (e.g., SWIFT BIC, account number, and beneficiary bank address).
Real Time Gross Settlement (RTGS) is the domestic high value clearing system with a minimum transaction of IDR 100,000,000.
Transactions above IDR 250,000,000 and up to IDR 1,000,000,000 are processed via Sistem Kliring Nasional (SKN). For these transactions, include 'Sistem Kliring Nasional (SKN)' data in the format: '/SKNINFO/A.B.C.D.E' in the first line of the Reason for payment. Example: /SKNINFO/2.1.0.1.1. Note: '3.' is only for Indonesian Government institutions with accounts at the Central Bank (INDOIDJA). Key A: Sender Customer Type (1=Individual, 2=Company/Corporation, 3=Government), B: Sender Resident Type (1=Resident, 2=Non-Resident), C: Bene Bank City Code (0 as placeholder), D: Bene Customer Type (1=Individual, 2=Company, 3=Government), E: Bene Resident Type (1=Resident, 2=Non-resident).
Transactions up to IDR 250,000,000 are processed via Real Time Payment (BI-FAST) with a mandatory Purpose Code provided in F70 or F72 as '/REG/PC/XX'. Example: /REG/PC/01. Default is '99' if not provided. Purpose Codes: 01=Investment, 02=Transfer of Wealth, 03=Purchase, 99=Others.
All foreign currency movements are subject to reporting. IDR transfers and deposits must be held in-country.
IDR receipts in excess of USD 1,000,000 equivalent to IDR Non-Resident accounts require supporting documents.
A Declaration letter is required for conversion from IDR to Foreign Currency, with additional supporting documents for conversions greater than USD 100,000 equivalent.
Include account number, full name (no initials), and address of ordering customer in SWIFT MT103 F50.
Include account number, full name (no initials), address, and telephone number of beneficiary customer in SWIFT MT103 F59.
Beneficiary address is mandatory for all IDR payments.
Include SWIFT BIC, full name, and address of the beneficiary bank in SWIFT MT103 F57. SWIFT BIC is 8 or 11 alphanumeric characters: xxxxIDxx or xxxxIDxxxxx.
For Import/Export payments, provide purpose code (1011 for Export Proceed, 2012 for Import Payment) and invoice information as defined by Bank Indonesia. For Export Proceed: /[Code Word other country]/[PurposeCode]//[InvoiceNo1][InvoiceAmt1][InvoiceNo2][InvoiceAmt2]. For Import Payment: /[Code Word other country]/[PurposeCode]//[InvoiceNo1][InvoiceAmt1][InvoiceNo2][InvoiceAmt2]. Exporter and/or Importer can submit revision of the information by sending MT199 to the Sender or Beneficiary Bank and put the revised information in F79. Providing information in the wrong formatting per Bank Indonesia requirement will cause the transaction can’t be processed further or even rejected.
Regulator Reporting (SWIFT MT103 F72): When sending a foreign currency payment to Indonesia greater than the equivalent of USD 10,000, the remitter must provide the following information for Indonesia FX reporting to the Central Bank. Sample format: /REG/BIDATA, (ISO Country Code), (Category), (Relationship), (Transaction Purpose Code). Status ISO Country Code: If Remitter is a Resident input “ID”, if Remitter is a Non-Resident input ISO Country code “XX”. Acceptable Categories: Individual (A0), Government (B0), Reporting bank (C1), Branch/Head Office abroad (C2) Other bank (C9), Non-banking financial institution (D0), Company (E0), Others (Z9). Relationship with Ordering Party: Group (G), Non-affiliated (N), Shareholder (P), Affiliated (T). Transaction Purpose Code: Code should be formatted as “1XXX” (incoming transaction). For more guidance on Indonesia’s purpose codes, please use the following link: Purpose Code for Foreign Currency Transaction. Additional Information: The value date applied to the beneficiary will be value date plus one day for payments initiated out of a US account. Movement of funds in excess of USD 10,000 will be reported to Indonesia’s Central Bank on a monthly basis.
SWIFT/BIC code holders in Indonesia (211)
Banks, EMIs, PSPs and other organizations with an assigned BIC. Click any entry for SWIFT/BIC details, correspondent banking data and supported currencies.