In recent years, digital banks have grown rapidly and chances are, you already have at least one digital account. Whether it’s for convenience, high interest rates, or security, digital banking is becoming the preferred choice for many Indonesians.
A digital bank is a tech-driven financial institution that allows customers to perform almost all banking activities online from opening an account to transferring funds and investing without ever visiting a physical branch.
If you’re new to digital banking, here’s a guide to the best digital banks in Indonesia that match your financial needs.
Advantages of Digital Banks
Why are so many people switching to digital banking? Here are some of the main benefits:
1. Open an Account Without Visiting a Branch
The biggest breakthrough in digital banking is the ability to open an account entirely online. Just upload a selfie and your ID card (KTP) — no need to queue or submit physical documents.
With e-KYC (electronic Know Your Customer) technology, identity verification happens automatically in real time, integrated with Indonesia’s national ID system for added accuracy and security.
This makes financial access more inclusive, especially for people in remote areas without access to traditional branches.
2. Higher Interest Rates
One of the main draws of digital banks is their competitive savings rates. For example, SeaBank offers up to 6% per year, compared to less than 1% at conventional banks.
Because digital banks operate with lower overhead costs (no branch buildings or front-office staff), they can pass those savings on to customers in the form of higher returns — making them ideal for young, tech-savvy savers.
3. No Administrative Fees
Most top digital banks don’t charge monthly fees, require minimum balances, or apply transfer fees especially with BI-FAST integration for interbank transfers.
This makes them appealing to freelancers, students, and families who want to make the most of their money.
4. 24/7 Transactions
Digital banks let you transfer, pay bills, top up e-wallets, and even invest anytime, anywhere.
This flexibility is perfect for small business owners, freelancers, or busy professionals who often transact outside traditional banking hours.
5. Modern and User-Friendly App Interface
Leading digital banks prioritize clean, intuitive UI/UX design, making financial management easy even for beginners.
Features like budgeting “pockets,” drag-and-drop savings tools, quick transfers, and real-time notifications simplify money management. Some even include light financial education modules within the app.
Top Digital Banks in Indonesia
If you’re ready to make the switch, here are the best digital banks in Indonesia based on features, convenience, and security:
1. blu by BCA Digital
A digital extension of Bank BCA, blu offers up to 3% p.a. interest with features like bluSaving for automatic saving. No admin fees, free transfers and withdrawals via BCA ATMs, and a sleek mobile interface — perfect for digital-first users.
2. Superbank
Offers up to 6% interest per year and cashback on select transactions. Account opening takes just a few minutes through its mobile app.
3. SeaBank
Part of the Sea Group (Shopee) ecosystem, SeaBank offers seamless integration with e-commerce payments. Interest rates reach 6% per year, and its mobile-only setup makes it one of the most convenient digital banks.
4. Bank Jago
Known for its “pockets” budgeting feature, Bank Jago lets users organize funds for specific goals. Integrated with Gojek and GoPay, it offers interest of 4–5% p.a. and a fully mobile financial management experience.
5. Jenius by BTPN
A pioneer in Indonesia’s digital banking scene, Jenius features Flexi Saver, Dream Saver, and Maxi Saver, allowing flexible and goal-based saving. It’s ideal for millennials who value control and transparency in personal finance.
6. Honest
A fully digital credit card app — from registration to management — completed entirely online. Users can apply with just a KTP and WhatsApp number.
Its numberless card design enhances security, as all sensitive data (card number, CVV, expiration) is stored securely in-app and protected by biometric authentication.
7. Digibank by DBS
A digital version of DBS designed for ease and mobility. Offers up to 6% p.a. interest via Maxi Booster, with all-in-one mobile management for modern professionals.
8. Krom
A fast-rising digital bank offering 6% p.a. on savings and up to 8.75% p.a. on deposits. Fully OJK-registered, insured by LPS, and protected by PIN, password, and OTP security on every transaction.
Security Features of Digital Banks
As more users adopt digital banking, robust cybersecurity and digital identity verification become crucial — and that’s where technology from VIDA plays a key role.
1. VIDA Verify – Automated Identity Verification
VIDA Verify enables e-KYC processes for banks using biometric and document verification technology. It ensures faster onboarding and prevents identity fraud or fake document submissions.
2. VIDA Auth – Secure Authentication Beyond OTP
Instead of relying on easily compromised OTPs or passwords, VIDA Auth enables biometric and device-based authentication (facial recognition, trusted devices).
This protects users from phishing, SIM swap, and social engineering attacks.
Through these technologies, banks can:
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Prevent fake account creation
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Detect biometric fraud or deepfakes
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Ensure compliance with OJK and data protection regulations
The best digital banks aren’t just about high interest rates or fancy interfaces — they’re about trust and security.
By combining modern banking features, competitive returns, and VIDA’s trusted digital identity solutions, digital banking in Indonesia is becoming safer, smarter, and more inclusive for everyone.
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