SWIFT/BIC codes in Indonesia: banks starting with V

Indonesia: banks and their SWIFT/BIC codes

Here you will find the SWIFT/BIC codes of 355 institutions in Indonesia, 772 codes in all. A BIC shows every bank in the chain exactly which bank should receive an international payment.

Pick a bank from the list to see its head office code and its other codes along with tips for payments to and from that bank. The rest of this page explain the structure of the codes, what transfers cost and how to avoid mistakes before a payment.

International payments to Indonesia and the BIC

Since Indonesia does not belong to SEPA, an international payment normally goes as a SWIFT payment. This means the payment always needs the BIC of the recipient’s bank, together with the account number or IBAN.

Not all countries use IBAN numbers. The recipient’s bank usually provides instructions for incoming international payments, and it is worth following them to the letter. On the way to Indonesia, a transfer may pass through correspondent banks.

Banks in Indonesia starting with :letter

You are looking at a filtered list: only institutions in Indonesia with a name starting with :letter. The counts in the introduction still cover the whole country, not just this letter.

Bank not listed? Its official name may start with a different letter – think of the full legal name instead of the brand. Use the full list for Indonesia when you are not sure how the name is spelled.

Verifying a SWIFT code from Indonesia

Have the recipient send you their bank details straight from their banking app. A wrong code may lead to a delay, a payment being sent back or additional charges, so compare it with the list on this page.

We gather bank codes using public sources and check them regularly. Institutions merge, close branches and change codes – a directory can be a step behind. For a payment that matters, check the BIC with the recipient. GoldexPay is not a bank and is not affiliated with the banks listed.

Scammers regularly use fake invoices carrying changed bank details from what looks like a familiar address. Always verify changed details through a separate channel.

Sending money to Indonesia for less

A bank transfer to Indonesia often costs rather more than you think. You pay the transfer fee, sometimes charges from intermediary banks and, above all, the margin on the exchange rate when currencies differ.

The real cost is often in the rate, not in the fee. Compare the bank’s rate with the mid-market rate that you find on financial sites; the gap is what conversion costs you.

For many routes, a transfer service is less expensive than a traditional bank transfer – mostly thanks to the exchange rate. GoldexPay compares transfer services next to each other so you can see the amount that reaches the recipient.

Transfer times to Indonesia

How fast money arrives in Indonesia depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Public holidays in either country add extra days, because banks do not process payments on those days.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment gets a unique reference, the UETR that banks can use to see where the money is. Money transfer services usually provide tracking in their app, which makes it easier to see where the money is.

What the letters in a Indonesia BIC mean

Bank identifier codes use one international format: 8 characters. The first four letters stand for the bank, the fifth and sixth characters are the country code and the next two mark the location.

Whatever the bank, all Indonesia codes have the same country code in positions five and six: the ISO code of the country. When the country letters point to another country, the code belongs to a bank somewhere else – worth double-checking.

If the last three are XXX, it refers to the head office and the short version works just as well. Choose a branch code just when the recipient explicitly gives you one; otherwise the head office code is the safe choice.

What a sender needs to pay you in Indonesia

Someone abroad who wants to pay you will ask for a few details from you, and missing ones are a common cause of delays. Share your name as registered with the bank, the IBAN or account number, the BIC of your bank and your address.

The code of your bank appears in our list, yet the version on your own statement or in your banking app is leading. It helps to include your bank’s name and city as well.

Expect that the amount credited is below the amount on the sender’s receipt. Correspondent banks can take a fee, your bank may charge for incoming payments, and if the money is converted, a markup on the rate applies. Make clear with the sender who pays which costs before the money is sent.

Bank Negara Indonesia - Pt (Persero) and its SWIFT codes

Bank Negara Indonesia - Pt (Persero) leads our list of Indonesia banks in SWIFT/BIC codes. The head office uses BNINIDJAXXX.

Banks differ in whether they register branch codes – a high count is not a measure of size. Making a payment to Bank Negara Indonesia - Pt (Persero)? Go with BNINIDJAXXX unless a specific branch code is requested.