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Allo Bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Allo Bank suits anyone in Indonesia who wants a phone-first everyday account and pays nothing to hold it. Fees are the quiet strength: a monthly charge of IDR 0 and transfers that are Free with BI-FAST for BI-FAST users, against an offer score of only 0.6.

Key facts

Best for
Indonesia residents who bank from the app and want no monthly charge.
Monthly fee
IDR 0↗
Currencies
1↗
Transfer fee
Free with BI-FAST↗
Legal entity
PT Allo Bank Indonesia Tbk↗
Headquarters
Indonesia↗
Founded
1992↗
Support channels
Phone, Chat↗
Pricing model
No monthly fee
Features
Digital-only
Official website
allobank.com

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
Wikidata

Pros and cons

Pros

  • The monthly fee is IDR 0, so the everyday account costs nothing to run
  • Transfers are Free with BI-FAST, which keeps moving money in the domestic system cheap
  • Support runs on phone and chat, so a real person is reachable by phone
  • The legal entity is PT Allo Bank Indonesia Tbk, listed with ID and founded in 1992

Cons

  • Only 1 currency is held, so the account suits single-market spending
  • The account is digital only, so it works through the app rather than in branch
  • Transfers are Free with BI-FAST, and that price is tied to BI-FAST
Allo Bank

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Scored 9.0 / 10 by VaultCue.

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Who it suits

  • Indonesia residents who bank from a phone and want no monthly charge
  • Domestic everyday banking where BI-FAST transfers cover the moving money
  • People who value phone and chat when something needs sorting

Who should look elsewhere

  • Travellers who need several currencies, since Allo Bank holds 1 currency
  • Anyone who wants branch banking, as the account is digital only
  • Readers who need a wide feature set, given an offer score of 0.6

Fees and currency costs

The everyday account carries a monthly fee of IDR 0, which puts Allo Bank at the top of the monthly fee ranking, 1 of 500. Transfers are Free with BI-FAST, so the cheapest route is the BI-FAST scheme. Because the account holds 1 currency, there is no room for a currency conversion fee to matter here.

Where it sits among rivals

On the monthly fee Allo Bank sits at 1 of 500, the strongest position it holds. On currencies it ranks 338 of 379, which is where the offer side of the picture pulls it down. The overall score is 3.9, made up of a cost part of 6.3 and an offer part of 0.6.

How Allo Bank compares

Where Allo Bank is available

Available
Indonesia
Licence in Indonesia
OJK, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Allo Bank cost to hold?+

The monthly fee on the everyday account is IDR 0, so there is nothing to pay for keeping it open. That is why the brand ranks 1 of 500 on monthly fee. The cost score of 6.3 is the stronger side of the overall picture.

Is a transfer free with Allo Bank?+

Transfers are Free with BI-FAST, which is the BI-FAST route for moving money in Indonesia. The price attaches to that scheme, so check the terms if you plan to use another rail. Running the account itself still costs IDR 0 a month.

How many currencies can I hold with Allo Bank?+

The account covers 1 currency, so it is built for spending in a single market. That is the reason it ranks 338 of 379 on currencies. Anyone travelling or paid in several currencies will find that narrow.

Who regulates Allo Bank?+

Allo Bank is licensed and supervised by OJK in Indonesia. The operation runs under PT Allo Bank Indonesia Tbk, which is headquartered in Indonesia and was founded in 1992. That places it as a domestic Indonesian bank rather than a foreign or e-money provider.

Can I open and use the account without a branch?+

The account is digital only, so the app is the place to open and run it. There is no branch counter in the mix for anyone who prefers face to face banking. Everything else on the account sits behind that digital access.

How do I get help from Allo Bank?+

Support runs on phone and chat, so phone and chat are both available. A direct phone line helps if a transfer is stuck or a payment needs checking. The route to a human is the practical part of a digital-only setup.

Who is Allo Bank built for?+

It suits Indonesia residents who bank from a phone and want no monthly charge. The everyday account cost of IDR 0 is the draw. It does not suit travellers who need several currencies, or people who want to deal in cash.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.

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