Hello, dear readers of Steemit. In this article, we will provide a brief review of the digital banking application SeaBank. Before we proceed, are you familiar with this particular digital bank? Let's delve into the details.
PT Bank Seabank Indonesia (formerly PT Bank Kesejahteraan Ekonomi) is a financial institution in Indonesia owned by Sea Group, the parent company of the e-commerce site Shopee and online game publisher Garena. After operating for a considerable period, Bank Kesejahteraan Ekonomi transformed fully into a digital bank and changed its name to SeaBank in 2021.
SeaBank is a digital banking application that offers various banking services and financial activities right at your fingertips, ranging from savings to transactions. Additionally, SeaBank provides a digital savings service with a relatively high interest rate compared to other banks, which amounts to 7%. This means that every customer who keeps their money in the SeaBank app will continue to earn bank interest and, interestingly, the interest will be credited daily.
For those who enjoy seeking additional income opportunities, the SeaBank app comes highly recommended.
Is SeaBank Safe?
You may be wondering whether SeaBank is truly safe and trustworthy. Well, here's some information: SeaBank is guaranteed to be safe, as it is registered and supervised by the Financial Services Authority (OJK) and is also protected by the Deposit Insurance Corporation (LPS).
SeaBank Registration Requirements
Registering with SeaBank is relatively easy and quick, without the need to visit a branch office. The main requirements are your eKTP (electronic ID card) and mobile phone number. Additionally, to register a SeaBank account, you need to install the SeaBank app first, which can be done through the Google Play Store or the Shopee app.
SeaBank Registration Process
Once you meet the requirements, you can proceed to create a SeaBank account and fill out the registration form within the app. Here are the steps to register for a SeaBank account:
Choose the registration method for your SeaBank account. You can either use your Shopee account or your mobile phone number. If you choose to register through your Shopee account, you will be redirected to the Shopee app to link your Shopee and SeaBank accounts. Then, click "Continue".
Enter the verification code (OTP) sent to the mobile phone number you provided.
Create your account password.
Upload a photo of your eKTP and click "Confirm". Make sure to upload your eKTP photo in a well-lit room to ensure successful verification.
Proceed with face verification and follow the video call verification process.
Fill out your personal information completely and click "Next".
Tick the SeaBank terms and conditions.
Create a new PIN and confirm it.
Your account will be processed, and you just need to wait for SeaBank's approval, which usually takes up to 24 hours.
SeaBank Branch Offices
SeaBank has several branch offices. However, please note that SeaBank branch offices only serve non-digital customers. If you encounter any issues or have questions regarding digital banking, you can contact the Customer Service at the following numbers:
1500130 or 0800 1500 130 (toll-free)
For international inquiries, dial +622150867070.
SeaBank Advantages
After personally registering a SeaBank account and utilizing various financial needs such as savings and transactions, there are several advantages and features of the SeaBank service that I find highly beneficial. These include:
- No monthly administrative fees.
- Free transfers to both other SeaBank accounts and other bank accounts.
- No minimum balance requirement.
- Free administration fees for topping up ShopeePay and vice versa.
- High interest rate of up to 7% credited daily.
- Regular promotions and cashback offers.
- Real-time and fast transactions.
Important Information: 7% Interest Rate Terms and Conditions
The following information pertains to the 7% interest rate for SeaBank customers, as cited from the official seabank.co.id website:
"The interest rate for SeaBank savings accounts has been increased to 7% during the promotional period, from September 1, 2021, to March 31, 2022. This applies to all SeaBank customers, with no minimum savings amount, duration, or fees. These terms and conditions have been adjusted in accordance with the applicable laws and regulations, including the regulations of the Financial Services Authority (OJK)."
SeaBank Disadvantages
Nothing in this world is perfect, and although SeaBank has many advantages, there are still some limitations. The following are the personal opinions of the admin regarding the disadvantages of SeaBank:
- No QRIS merchant scan feature.
- No debit card available for digital SeaBank accounts.
UPDATE!!
SeaBank users can obtain a SeaBank debit/ATM card by opening a non-digital SeaBank account (conventional account). Information about registering for a non-digital account can be obtained by contacting SeaBank Customer Service at
1500 130 or by visiting the nearest SeaBank branch office.
That concludes our review of SeaBank. Are you interested in opening a SeaBank account?