Business banking in Indonesia : accounts, fees and options

Snapshot

A business in Indonesia banks through a registered local entity. Foreign owners set up a PT PMA, then open a corporate account with a local bank such as BCA, Mandiri, or BNI. International providers like Airwallex and Payoneer add cross border features.

Can a non resident open: Not directly; a local entity such as a PT PMA is needed first
Typical timeline: Varies by bank; no official timeline is published, so confirm with the bank
Free account available: Local accounts carry monthly or admin fees; some international accounts have no monthly fee
Most providers: Several local and international business accounts

Fees and features as of 11 October 2026Last updated 11 October 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

To bank a business in Indonesia you normally need a registered Indonesian company. Local owners use a PT, while foreign owners use a PT PMA. Once the entity, the NPWP tax number, and the NIB business licence are in place, a local bank such as BCA, Mandiri, or BNI opens a rupiah corporate account. International accounts from Airwallex or Payoneer can sit alongside it for foreign currency.

How business banking works in Indonesia

Indonesian banks open corporate accounts only for a registered legal entity, not for an individual acting as a business. The rupiah is the country only legal payment currency for domestic transactions, so most companies hold a local rupiah account for day to day operations and payroll. Larger local banks dominate corporate banking, and a separate international account is common for businesses that invoice or pay overseas.

Who can open a business account

A locally owned company opens an account as a PT. A foreign owner opens through a PT PMA, the foreign investment company that allows foreign ownership in permitted sectors. Since 2 October 2025 the capital rules for a PT PMA have been set by Regulation 5 of 2025 of the Minister of Investment and Downstreaming. Confirm the current minimum capital and any permits for foreign directors with a local adviser.

Traditional banks compared with neobanks

Local banks such as BCA, Mandiri, and BNI offer branches, rupiah accounts, and domestic payment rails, but onboarding is document heavy and a bank may ask a director to attend in person. BCA accepts an application made under a power of attorney. International providers such as Airwallex and Payoneer onboard online and are strong for receiving and converting foreign currency, but they are not a full replacement for a local rupiah account and do not provide cash banking.

Requirements and documents

Banks verify the company and its people before opening an account. Typical items include the following. Verify with the provider

The deed of establishment and articles, the NIB business licence, and the company NPWP tax number
Identity documents and tax numbers for every director and every shareholder
Any amendment deeds, the current deed naming the board, and the approval letter from the Ministry of Law

How to open an account

Register the entity, then obtain the NPWP tax number and the NIB business licence
Prepare the corporate documents, including identity documents and tax numbers for directors and shareholders
Apply at your chosen bank, complete its verification checks, and fund the minimum opening deposit

Compare business accounts available in Indonesia

These providers accept business customers connected to Indonesia, including international accounts for foreign currency alongside a local rupiah account. Fees and eligibility shown as of 11 October 2026. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about business banking in Indonesia

Can a foreigner open a business bank account in Indonesia?

Not directly as a non resident. A foreign owner first registers a local entity, usually a PT PMA, and obtains a tax number (NPWP) and business licence (NIB). The bank then opens a corporate account for the entity. As of 11 October 2026, confirm current rules with the bank and a local adviser.

How long does it take to open a corporate account in Indonesia?

No official timeline is published. It depends on the bank and on how complete the documents are. As of 11 October 2026, confirm the timeline with the bank.

What documents do banks in Indonesia require from a company?

Banks generally ask for the deed of establishment and articles, any amendment deeds, the Ministry of Law approval, the NIB business licence, the company NPWP tax number, and identity documents and tax numbers for directors and shareholders. As of 11 October 2026, verify the exact list with the bank.

Can an Indonesian business use an international account like Airwallex or Payoneer?

Yes for cross border use. Airwallex onboards businesses registered in Indonesia. Payoneer runs an Indonesian language service for receiving payments in currencies such as USD, EUR and GBP and withdrawing to a bank account. They complement rather than replace a local rupiah account. As of 11 October 2026, confirm eligibility, rupiah withdrawals and fees with each provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with the provider before applying.