Banking Facilities in Solo Baru and Solo
The banking industry in Solo Baru and Solo is well developed, with many major national and regional banks providing comprehensive financial services. Students and residents can easily access ATM facilities, currency exchange, and cash transfer services across the city.
Several leading banks, including Bank Central Asia (BCA), Bank Mandiri, BNI, BRI, and CIMB Niaga, have branches and ATM networks conveniently located in Solo Baru. International banking services are also available in Solo city, ensuring that both local and international students have reliable access to their financial needs.
Opening a Bank Account for International Students
If you are an international student at Universitas Sugeng Hartono, you can open a local bank account at one of the banks in Solo Baru or Solo. This will make it easier for you to manage daily expenses, receive money transfers, and pay tuition or living costs.
To open a bank account, you must bring the following documents:
- Your original passport
- Bank account opening form (provided by the bank)
- A copy of your Offer Letter from Universitas Sugeng Hartono
- A copy of your Visa Approval Letter (VAL)
- Student Verification Letter (available upon request from the university)
Banks Operating in Indonesia (Solo and Solo Baru)
The Indonesian banking industry is highly developed and competitive. In Solo and Solo Baru, you will find a wide range of both government-owned and private banks, offering services such as ATM facilities, currency exchange, savings accounts, mobile banking, and cash transfer services.
Some of the major banks operating in the area include:
- Bank Mandiri
- Bank Negara Indonesia (BNI)
- Bank Rakyat Indonesia (BRI)
- Bank Central Asia (BCA)
- CIMB Niaga
- Bank Danamon
- Bank Permata
- Bank Tabungan Negara (BTN)
In addition, smaller regional banks and sharia-compliant banks (such as Bank Syariah Indonesia – BSI) also operate in Solo, providing additional options for students and residents.
Types of Currency in Indonesia
The official currency of Indonesia is the Rupiah (IDR), with the symbol Rp. Currency in Indonesia is issued and regulated by Bank Indonesia and comes in two forms:
1. Banknotes (Paper Money)
Indonesian banknotes come in several denominations, each with a distinct color, size, and national hero depicted. The latest series is the 2022 Edition, which circulates alongside some earlier issues.
✅ Currently Circulating Banknotes (2022 Series):
| Denomination | Dominant Color | National Hero |
|---|---|---|
| Rp1,000 | Grey | Cut Meutia |
| Rp2,000 | Greenish grey | Mohammad Husni Thamrin |
| Rp5,000 | Brown | Dr. K.H. Idham Chalid |
| Rp10,000 | Purple | Frans Kaisiepo |
| Rp20,000 | Green | Dr. G.S.S.J. Ratulangi |
| Rp50,000 | Blue | Ir. H. Djuanda Kartawidjaja |
| Rp100,000 | Red | Soekarno & Mohammad Hatta |
Each banknote includes security features such as security threads, watermarks, color-shifting ink, and blind codes for the visually impaired.
2. Coins (Metal Money)
Coins are used for small-value transactions and remain legal tender in Indonesia.
✅ Currently Circulating Coins:
| Denomination | Material & Color | Notes |
|---|---|---|
| Rp100 | Aluminum | Features national symbols or figures |
| Rp200 | Aluminum | Slightly larger than Rp100 |
| Rp500 | Nickel/brass | Commonly used for small change |
| Rp1,000 | Bimetal/aluminum | Available in two-tone and solid versions |
Although still legal tender, coin usage is declining due to the rise of digital transactions and their low monetary value.
🏦 Important Notes:
- All currency issued by Bank Indonesia is considered legal tender.
- Older currency that has been officially withdrawn from circulation can still be exchanged at Bank Indonesia within a specified time period (typically up to 10 years after withdrawal).
- In addition to physical currency, electronic money (e-money) and QRIS (QR Code Indonesian Standard) are increasingly used for everyday transactions.