Importers and exporters registered in Indonesia move money across borders in several currencies and often need trade finance such as letters of credit. A local bank handles rupiah, trade documents, and letters of credit, while an international account keeps conversion costs low on supplier and customer payments.
Suits Importers and Exporters best
A local bank for trade finance and rupiah, with a multi currency account for cross border payments
Typical monthly fee
No monthly fee on the main international accounts; local bank trade and account fees vary, as of 27 June 2026
Non resident position
A registered Indonesian entity such as a PT is needed first, then confirm with the provider
Providers that fit
Airwallex and Payoneer for cross border currency, plus a local bank for trade finance
Fees and features as of 27 June 2026Last updated 27 June 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Trading companies in Indonesia pay suppliers and receive from buyers in several currencies, and many need trade finance such as letters of credit. As of 27 June 2026 that trade finance sits with a local bank such as BCA, Mandiri, or BNI, because international accounts do not issue letters of credit. Airwallex onboards companies registered in Indonesia for multi currency supplier payments, and Payoneer receives export income from overseas buyers and platforms. Wise is not yet available to registered companies in Indonesia. This is information, not advice.
What Importers and Exporters in Indonesia need from a business account
Importers pay suppliers who invoice in US dollars, Chinese yuan, or euros, and exporters receive in foreign currency. Both often need letters of credit, documentary collections, and customs paperwork that only a local bank provides. The features that matter are trade finance from a local bank, plus low cost conversion on the day to day supplier and customer payments. The shortlist below names providers that serve Indonesia and fit trading companies, with the trade offs stated plainly.
L
Local bank (BCA, Mandiri, or BNI)
Provides rupiah accounts, letters of credit, documentary collections, and trade finance that international accounts do not offer, with branches and trade desks. Onboarding is document heavy and usually requires a director to attend in person.
Best for
Trade finance and letters of credit
Monthly fee
Account and trade service fees vary by bank, as of 27 June 2026
Onboards companies registered in Indonesia, holds and converts many currencies, and pays overseas suppliers at clear rates. It is not a bank and does not provide letters of credit, so pair it with a local bank for trade finance.
Best for
Paying overseas suppliers
Monthly fee
No monthly fee on the standard account, as of 27 June 2026
Receives payments from overseas buyers and marketplaces in currencies such as US dollars and euros, then withdraws to a local bank. Withdrawal and conversion fees apply, so check the cost for your volumes.
Best for
Receiving export income
Monthly fee
No monthly subscription on the standard account, as of 27 June 2026
Compare accounts for Importers and Exporters in Indonesia
These providers serve importers and exporters connected to Indonesia and suit cross border payments. Fees and eligibility shown as of 27 June 2026. Confirm current terms with the provider before applying.
Questions about banking for Importers and Exporters in Indonesia
What account suits an importer or exporter in Indonesia?
As of 27 June 2026 most trading companies keep a rupiah account at a local bank such as BCA, Mandiri, or BNI for letters of credit and trade finance, and add a multi currency account from Airwallex or Payoneer to lower conversion costs on supplier and customer payments. Confirm features with each provider.
Can a neobank handle letters of credit in Indonesia?
Generally no. As of 27 June 2026 international accounts such as Airwallex, Payoneer, and Wise do not issue letters of credit or documentary collections, so importers and exporters that need trade finance use a local bank. Confirm what each provider covers.
Can I use Wise Business for an Indonesian trading company?
Not yet for a registered company. As of 27 June 2026 Wise onboards only freelancers in Indonesia, with other company types listed as coming soon. A registered trading company can use Airwallex or Payoneer for cross border currency. Confirm current availability with Wise.
How do Indonesian exporters receive foreign payments?
Exporters commonly receive into a local bank account or an international account such as Airwallex or Payoneer, then convert to rupiah. Larger contracts often settle through the local bank using letters of credit. As of 27 June 2026 fees vary, so confirm with each provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 27 June 2026. Confirm current terms with the provider before applying.