permatabank Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: permatabank Account Types Explained

PermataBank offers a variety of account types tailored to meet the needs of different customers, from individual consumers to corporate clients. Below are the primary account types available:

1. Permata ME Saver

• Minimum Deposit Requirement: IDR 1,000,000
• Spread/Commission Structure: No currency conversion fee abroad.
• Leverage Options: Not applicable.
• Key Features: Multi-currency management (up to 13 currencies), free cash withdrawals, and rewards program.
• Target User Profile: Ideal for frequent travelers and expatriates.
• Trading Instruments Available: Not applicable as this is a savings account.

2. Permata KTA (Non-Collateral Loan)

• Minimum Deposit Requirement: Not applicable.
• Spread/Commission Structure: Interest rates starting from 0.88%.
• Leverage Options: Not applicable.
• Key Features: Quick access to cash up to IDR 300 million.
• Target User Profile: Individuals needing immediate cash flow without collateral.
• Trading Instruments Available: Not applicable.

3. Permata Business Account

• Minimum Deposit Requirement: IDR 5,000,000
• Spread/Commission Structure: Varies based on transaction volume.
• Leverage Options: Not applicable.
• Key Features: Tailored for businesses, offering cash management solutions.
• Target User Profile: Small to medium enterprises.
• Trading Instruments Available: Not applicable.

4. Permata Corporate Account

• Minimum Deposit Requirement: IDR 10,000,000
• Spread/Commission Structure: Competitive rates based on business needs.
• Leverage Options: Not applicable.
• Key Features: Comprehensive banking solutions for large corporations.
• Target User Profile: Large businesses and corporations.
• Trading Instruments Available: Not applicable.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Permata ME Saver
• Intermediate: Permata KTA
• Advanced: Permata Business and Corporate Accounts

Part 2: permatabank Account Features Comparison

Detailed permatabank Account Features

Advantages of Each Account Type

• Permata ME Saver:

• Multi-currency management.

• Free cash withdrawals globally.

• Rewards program for transactions.

• Permata KTA:

• Quick access to funds.

• No collateral required.

• Flexible repayment terms.

• Permata Business Account:

• Tailored solutions for businesses.

• Enhanced cash management features.

• Competitive transaction rates.

• Permata Corporate Account:

• Comprehensive banking services.

• Tailored financial solutions for large corporations.

• Dedicated account management.

Disadvantages of Each Account Type

• Permata ME Saver:

• Limited to savings and basic transactions.

• Not suitable for trading.

• Permata KTA:

• Interest rates may be higher than secured loans.

• Limited to cash access only.

• Permata Business Account:

• Higher minimum deposit requirement.

• May incur fees based on transaction volume.

• Permata Corporate Account:

• Requires significant minimum deposit.

• Complex account management.

Part 3: permatabank Account Opening Requirements

permatabank Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 17 years old.

• Geographic Restrictions: Available to residents and foreigners in Indonesia.

• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

• Identity Verification Documents Needed:

• Valid government-issued ID (e.g., passport, national ID).

• Recent utility bill or bank statement for proof of residence.

• Proof of Residence Requirements:

• Utility bill or lease agreement not older than three months.

• Additional Documentation for Professional Accounts:

• Business registration documents.

• Tax identification number.

• KYC/AML Compliance Procedures:

• Completion of Know Your Customer (KYC) forms.

• Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Typically takes 2-10 business days depending on the completeness of documentation and bank workload.

Part 4: permatabank Account Opening Process

Step-by-Step permatabank Account Opening Guide

1. Visit Website: Go to the PermataBank website and click on the registration link.
2. Personal Information Entry: Fill in personal details such as name, address, and contact information.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Specify any preferences related to account features.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the bank to process and verify your documents.
7. Fund Your Account: Once verified, fund your account to start using it.
8. Start Trading: Access your account and begin transactions.

Desktop vs Mobile Registration Differences

• Desktop: Full website access with detailed options.
• Mobile: Streamlined process via the Permata ME app, allowing for easier document uploads.

Common Registration Issues and Solutions

• Issue: Document upload failure.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Delayed verification.

• Solution: Contact customer support for status updates.

Average Account Approval Time

• Generally, account approval can take between 2 to 10 business days.

How to Upgrade/Downgrade Account Types

• Contact customer service or use the online banking platform to request changes to your account type.

Part 5: permatabank Demo Account Information

permatabank Demo Account Guide

• Demo Account Features and Benefits:

• Access to a simulated trading environment.

• Practice trading strategies without financial risk.

• How to Open a Demo Account:

• Visit the PermataBank website or app and select the demo account option.

• Demo Account Limitations:

• Limited duration, typically 30 days.

• Virtual Balance Amount:

• Usually provided with a virtual balance of IDR 100,000,000 for practice.

• Demo vs Live Account Differences:

• Demo accounts do not involve real money transactions.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days unless extended.

Part 6: permatabank Islamic Account Details

permatabank Islamic Account Details

• Swap-Free/Islamic Account Availability: PermataBank does not currently offer Islamic accounts.

• Eligibility Requirements: Not applicable as Islamic accounts are not available.

• Differences from Standard Accounts: Not applicable.

• How to Apply for Islamic Account: Not applicable.

• Restrictions or Special Conditions: Not applicable.

FAQs – permatabank Account Types & Opening

1. What account types does permatabank offer？

• PermataBank offers several account types including Permata ME Saver, Permata KTA, Permata Business Account, and Permata Corporate Account.

1. What is the minimum deposit for each account type？

• The minimum deposit varies: IDR 1,000,000 for Permata ME Saver, IDR 5,000,000 for Permata Business Account, and IDR 10,000,000 for Permata Corporate Account.

1. How long does permatabank account verification take？

• Verification typically takes 2-10 business days.

1. Does permatabank offer demo accounts？

• Yes, PermataBank offers demo accounts for practice trading.

1. Can I have multiple account types with permatabank？

• Yes, customers can hold multiple account types.

1. Does permatabank offer Islamic/swap-free accounts？

• No, PermataBank does not currently offer Islamic accounts.

1. What documents do I need to open a permatabank account？

• Required documents include a valid ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer service.