Unreal

Minuteman

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Check this out! I've been a member since 1988 and never missed a payment.
 

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snpark

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The PD is a friend of mine I can ask her

Is this the charge card? The real one or the BCA cobrand.

Btw if you ever wonder if they do the black Amex, no not yet. Need to have min 5,000 Platinum cardholders in the territory
And in SG the Platinum card is metal

Just bizarre facts for my followers here hahaha
 

ukcouple

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Check this out! I've been a member since 1988 and never missed a payment.
I received the same notification from AMEX a couple of weeks ago.
My card was issued in the UK and they no longer support cardholders living in Indonesia.
 

Minuteman

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I received the same notification from AMEX a couple of weeks ago.
My card was issued in the UK and they no longer support cardholders living in Indonesia.
Real nice guys aren't they?
 
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If you register overseas address, outside Indonesia, you no longer pay local prices on certain online purchases. That sux
 

Minuteman

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For UK credit cards better to register it at a UK address.
Thanks for the obvious...I called and they said I could use the address of a friend so I did. But now they require proof of my residence at that address. So not an option.
 

snpark

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Thanks for the obvious...I called and they said I could use the address of a friend so I did. But now they require proof of my residence at that address. So not an option.

Tenancy agreement, I know they ask for a utility bill but you can say you are a tenant, renting a room only etc etc
 

pantaiema

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I received the same notification from AMEX a couple of weeks ago.
My card was issued in the UK and they no longer support cardholders living in Indonesia.
Not just AMEX, any credit card, Bank Account issued in the UK might not be valid any longer if you are "permanently moving abroad".
Some UK banks like Santander will ask you to inform them when you are permanently moving abroad. They then use this information to close your AC in the later date.
You could have another type of account such as non residence expat account such as the one from HSBC.
It is not just the UK, US, Europe but everywhere.
An Indonesian citizen, who is a permanent residence of another country will not be able to open an ordinary account without a permanent address in Indonesia. Certainly also need to meet other requirement.
In term of address what people will normally do is to keep using the addresses such as family, friends address in the country where they want to open the accounts.
 
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Helpful Herbert

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You have to plan these things in advance. In general you need to have an address in the country that you want a bank account in. In the future this will be even more strict - anyway, imagine trying to open a bank account in Indonesia without an Indonesian address, it would be impossible.
If you want an "expat-style" account in a country where you don't have an address, the best option is something like Citibank IPB in Singapore. You could also try a channel islands account, such as Nat West Jersey. There are a lot of checks done before they will let you open this type of account, since they need to be sure you are not doing it just to avoid tax.
 
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A better way to say it would be........if the payment method has address outside Indonesia prices are set to that currency instead of Indonesian. eg. Mastercard with Australian bank prices will be set in AUD instead of Rp which can be as much as double.
 

Minuteman

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You have to plan these things in advance. In general you need to have an address in the country that you want a bank account in. In the future this will be even more strict - anyway, imagine trying to open a bank account in Indonesia without an Indonesian address, it would be impossible.
If you want an "expat-style" account in a country where you don't have an address, the best option is something like Citibank IPB in Singapore. You could also try a channel islands account, such as Nat West Jersey. There are a lot of checks done before they will let you open this type of account, since they need to be sure you are not doing it just to avoid tax.
I have been an AMEX member since 1988, always using a residential address in Indonesia.
Kind of hard to have planned for this in advance don't you think??
 

William King

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A better way to say it would be........if the payment method has address outside Indonesia prices are set to that currency instead of Indonesian. eg. Mastercard with Australian bank prices will be set in AUD instead of Rp which can be as much as double.

Sorry, that's nonsense. You might take a hit on the currency conversion but the prices are not doubled.
 

pantaiema

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Sorry, that's nonsense. You might take a hit on the currency conversion but the prices are not doubled.
The Visa/Master exchange rate is published on the Visa/Master exchange rate daily. The vendors and their payment processing company might add a fee that that fees over 5% is unheard.
So if the price is double, it is not because of the mark up exchnage rate but because of the vendors.
 

Nimbus

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A better way to say it would be........if the payment method has address outside Indonesia prices are set to that currency instead of Indonesian. eg. Mastercard with Australian bank prices will be set in AUD instead of Rp which can be as much as double.
That’s not true. My credit cards are all listed under an American address. Prices for stuff I bought in Jakarta were not doubled, not even close. I used a card with no foreign transaction fee, and the dollar amount I paid was very close to the published exchange rate of the day.

In the rare case where the merchant asked whether to charge it as Dollars or Rupiahs, I always asked for Rp. Pushing for traveler’s home currency is a known trick by local banks to charge ridiculous foreign exchange fees. When I asked for Rupiah the local bank simply let Visa/Master Card do the conversion, and the network exchange rates were very reasonable.
 

mas_dam

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  • I understand that the below refers to regional pricing as per purchasing power,
    i.e. subscriptions like Netflix, Youtube Premium etc. will be cheaper in Indonesia than i.e. US or Europe. The currencies are following the regional pricing strategy but the currency/exchange is not the cause for the price differences, just a correlation.
A better way to say it would be........if the payment method has address outside Indonesia prices are set to that currency instead of Indonesian. eg. Mastercard with Australian bank prices will be set in AUD instead of Rp which can be as much as double.
Sorry, that's nonsense. You might take a hit on the currency conversion but the prices are not doubled.

  • The below is true for many but not all banks. Some banks issue Visa/Mastercard credit cards but set their own exchange rates - of course worse rates. You will find this somewhere on page XX of your credit cards T&C or you will find out by receiving credit card billings that do not follow the published rates on Visa/Mastercard websites
The Visa/Master exchange rate is published on the Visa/Master exchange rate daily

  • 100% agree on the below.
    Same trick is often found at foreign ATM machines, in particular the ones that do not belong to reputable banks and are positioned in core city center tourist areas.
In the rare case where the merchant asked whether to charge it as Dollars or Rupiahs, I always asked for Rp. Pushing for traveler’s home currency is a known trick by local banks to charge ridiculous foreign exchange fees. When I asked for Rupiah the local bank simply let Visa/Master Card do the conversion, and the network exchange rates were very reasonable.
 

pantaiema

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@mas_dam
I never said that all people got Master/Visa Exchange rate using their Master/Visa Debit or Credit-card. In fact for vast majority of Debit or Credit-cards issued by the banks, the people will not get this favourable exchange rate. That is the way the bank issuing the card making money, or at least recovering the cost e.g by adding loading into the exchange rate.
People will only get Debit or Credit-card, without fee/loading added if they are using specialist Debit or Creditcards. People who have this specialist debit/credit-card could avoid the Dynamic Currency Conversion (DCC) by always select to pay in local currency (e.g IDR in Indonesia) when asked. Doing this, the Master/Visa will do the conversion and you get one of the best exchange rate that a retailer could possibly get if you are using the right card.

People will know they get this specialist cards, If they get the same exchange rate stated in the Visa/Master conversion calculator without fee added (put it 0% on the calculator) on the day the transaction is booked on your account.
 
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