The high level of convenience and accessibility which is inherent in online banking has caused many in Indonesia to use online banking services for their own of their company's benefit. For this same reason, online banking is expected to become more popular in Indonesia with each passing year.

Indonesia Online Banking


Online banking is among the primary modes of conducting bank-related activities. Many people choose to use online banking services instead of personally going to a bank. Most of a person’s basic banking transactions can be completed via the use of online banking services. Anyone who uses online banking services may use them at any time and in any place. All they require are a computer or other device which can be used for the purpose, a working Internet connection, and a bank or debit card.

The vast majority of banks in Indonesia offer online banking services. In order to access online banking services, users must first register for their bank’s online banking services. Doing so requires the creation of a password. Once this has been completed, users may begin performing banking transactions via online methods. Most banks usually offer basic services such as transfers and bill payments. Certain banks in Indonesia also allow customers to open new bank accounts and apply for credit via online methods. There are a variety of other online services offered by banks in Indonesia. The list of banking transactions offered online vary depending on the bank.

Advantages of Online Banking

The use of online banking services bring about several advantages to its user. Convenience is arguably the most important advantage of online banking. All basic banking transactions such can be completed at the customer’s desire at any time and in any place. Online banking services also increase the speed and efficiency of the completion of transactions. Funds can be transferred between accounts at a much quicker rate than that experienced when using offline banking services. This is especially true if the two accounts are held at the same financial institution. Users are also granted the ability to monitor their accounts regularly. Doing so allows for the preservation of the safety of their accounts by facilitation the early detection and thus prevention of fraudulent activity and therefore significant financial losses.

Disadvantages of Online Banking

Despite the advantages of online banking, there are nevertheless some disadvantages which may become evident to those who are unrepared to make use of these important services. For example, those who are using online banking systems for the first time might not fully understand how to use them; thus, they might prefer to conduct banking transactions offline and in person. Although online banking security has seen much improvement over recent years, online banking accounts are nevertheless vulnerable to instances of hacking. Furthermore, online banking requires a stable Internet connection, something which is not always available in Indonesia. Connectivity problems may result in difficulty of completion of banking transactions.