Bank Neo Commerce (BNC) is a bank in Indonesia that provides digital banking services and is licensed and supervised by the Financial Services Authority (OJK), making it a legal and officially operating bank. 

BNC is also a participating bank of the Indonesia Deposit Insurance Corporation (LPS) in accordance with applicable regulations. 

Bank Neo Commerce conducts its banking activities primarily through digital services and a limited number of branch offices, with neobank serving as the official mobile banking application used by customers to access banking services. 

What Is neobank? 

neobank is the official digital banking application owned by Bank Neo Commerce. 

Through this application, customers can access various banking services anytime and anywhere, without always having to visit a branch office. 

Digital Banking Services of Bank Neo Commerce 

In general, the digital banking services provided by Bank Neo Commerce include: 

• Online account opening 

• Saving funds through savings accounts and time deposits 

• Transfers and daily financial transactions 

• Loan services and digital payment features 

• Access to other financial products and services in accordance with applicable regulations 

Read: Recognize the Wrong Transfer Fraud Mode to Stay Alert 

A Brief History of Bank Neo Commerce 

The journey of Bank Neo Commerce began in 1990 with the establishment of PT Bank Yudha Bhakti, founded in response to the banking deregulation policy known as PAKTO 27 of 1988. 

The principle approval for establishment was granted on August 14, 1989, and Bank Yudha Bhakti officially commenced operations on January 9, 1990. 

After more than 30 years of serving customers with conventional banking products, Bank Yudha Bhakti entered a new era through several key developments: 

• The entry of new shareholders, including PT Akulaku Silvrr Indonesia 

• The implementation of a Capital Increase without Pre-emptive Rights (PMTHMETD) 

• A business model transformation toward digital banking services 

In 2020, the bank entered a transformation phase to become a bank with digital banking services and later became known as Bank Neo Commerce. 

Key transformation milestones included: 

Transformation into a Digital Banking Service Provider 

Bank Neo Commerce is committed to becoming a digital retail bank ready to serve the needs of customers in the millennial market segment. 

Officially Becoming a BUKU II Bank 

On September 18, 2020, PT Bank Neo Commerce Tbk officially obtained the status of a Commercial Bank Based on Business Activities (BUKU) II. 

Rebranding to Bank Neo Commerce 

This transformation directed the bank’s focus toward developing digital products for retail, consumer, MSME, and commercial segments. 

Bank Neo Commerce as a Legally Operating Bank 

As a bank licensed and supervised by OJK and a participant of LPS deposit insurance, Bank Neo Commerce operates legally in accordance with Indonesian banking regulations. 

Bank Neo Commerce is also a publicly listed company on the Indonesia Stock Exchange under the ticker symbol BBYB. 

The bank operates seven limited branch offices located in Jakarta, Bandung, Surabaya, Malang, and Makassar. Its digital services through neobank complement branch services as part of a modern banking ecosystem. 

Products and Services of Bank Neo Commerce via neobank 

Through the neobank application, Bank Neo Commerce provides various banking products and features, including: 

• Regular Savings Account 

• NOW Savings 

• Neo Green Savings 

• WOW Time Deposit 

• FLEXI Time Deposit 

• Neo Loan

• Neo Business

• Neo Wish 

• Neo Gold

• Mutual Funds (through partner cooperation) 

• Cardless Cash Withdrawal 

• Bill payments and top-ups (PPOB) 

• Payment features: QRIS and Virtual Account 

• Social features and digital transactions

Although it offers a loan product through Neo Pinjam, Bank Neo Commerce is not an online lending platform (pinjol). Loans are only one of the banking products available within the neobank application. 

FAQ 

What is Bank Neo Commerce? 

Bank Neo Commerce is a bank in Indonesia that provides banking services through digital channels and limited branch offices. It operates in accordance with applicable banking regulations and offers banking services through its official application called neobank. 

What is neobank? 

neobank is the official mobile banking application of Bank Neo Commerce used by customers to access services such as: 

• Regular Savings Account 

• NOW Savings 

• Neo Green Savings 

• WOW Time Deposit 

• FLEXI Time Deposit 

• Neo Loan 

• Neo Business 

• Neo Wish 

• Neo Gold 

• Mutual Funds (through partner cooperation) 

• Cardless Cash Withdrawal 

• Bill payments and top-ups (PPOB) 

• QRIS and Virtual Account payment features 

• Social features and digital transactions

Is neobank an online lending platform (pinjol)? 

No. neobank is not an online lending platform. It is the official mobile banking application of Bank Neo Commerce used to access various banking services. 

The loan product available in neobank is only one of the banking services provided within the application. 

*** 

For more information about neobank products and services, please visit the official website: https://s.id/bankneocommerce 

Product and service information can also be accessed through the neobank application available on the PlayStore or App Store.   

PT Bank Neo Commerce Tbk is licensed and supervised by the Financial Services Authority (OJK) and Bank Indonesia (BI), and is a participating bank of the Indonesia Deposit Insurance Corporation (LPS).