An LLC or corporation in Indonesia is usually a PT, a limited liability company. A PT opens a rupiah corporate account with a local bank such as BCA, Mandiri, or BNI once it has an NIB and an NPWP, and it can add an international account from Airwallex or Payoneer for foreign currency.
Suits LLC and Corporations best
A local bank rupiah corporate account, with a multi currency account for foreign payments
Typical monthly fee
Local bank corporate accounts carry monthly or admin fees; international accounts often have no monthly fee, as of 14 September 2025
Non resident position
A foreign owned PT is a PT PMA, and a foreign director normally needs a KITAS, so confirm with the provider
Providers that fit
A local bank for rupiah, plus Airwallex or Payoneer for foreign currency
Fees and features as of 14 September 2025Last reviewed 14 September 2025
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
A limited liability company in Indonesia is a PT, the Perseroan Terbatas. As of 14 September 2025 a PT opens a rupiah corporate account with a local bank such as BCA, Mandiri, or BNI after it has an NIB business licence and an NPWP tax number. Airwallex onboards companies registered in Indonesia, including a PT, and Payoneer receives foreign currency. Wise is not yet available to registered companies in Indonesia, only to freelancers. This is information, not advice.
What LLC and Corporations in Indonesia need from a business account
A PT needs a rupiah corporate account for payroll, tax, and domestic payments, with clear controls over the authorised signatories. Many also hold a foreign currency account for overseas customers and suppliers. The features that matter are a compliant rupiah account at a local bank, sound signatory controls, and low cost conversion for cross border money. The shortlist below names providers that serve a PT in Indonesia, with the trade offs stated plainly.
L
Local bank (BCA, Mandiri, or BNI)
Opens a rupiah corporate account for a PT after the NIB and NPWP are in place, with branches, cash, and domestic rails. Onboarding is document heavy and usually requires a director to attend in person.
Best for
Rupiah corporate banking
Monthly fee
Monthly or admin fees vary by bank, as of 14 September 2025
Onboards companies registered in Indonesia, including a PT, holds many currencies, and issues cards and expense tools. It is a payments provider and not a bank, so check what it covers for your company.
Best for
Foreign currency and cards
Monthly fee
No monthly fee on the standard account, as of 14 September 2025
Receives foreign currency from customers and platforms, then withdraws to the company rupiah account. Withdrawal and conversion fees apply, so check the cost for your volumes.
Best for
Receiving foreign currency
Monthly fee
No monthly subscription on the standard account, as of 14 September 2025
Compare accounts for LLC and Corporations in Indonesia
These providers serve a registered PT in Indonesia. Fees and eligibility shown as of 14 September 2025. Confirm current terms with the provider before applying.
Questions about banking for LLC and Corporations in Indonesia
What account does a PT in Indonesia open?
As of 14 September 2025 a PT opens a rupiah corporate account with a local bank such as BCA, Mandiri, or BNI after it has an NIB business licence and an NPWP tax number. Many add an international account from Airwallex or Payoneer for foreign currency. Confirm requirements with the bank.
Can a foreign owned company open a business account in Indonesia?
Yes, through a PT PMA, the foreign investment company. As of 14 September 2025 a foreign director normally needs a KITAS stay permit before a bank proceeds, and minimum capital rules apply. Confirm current rules with the bank and a local adviser.
Can a corporation use Airwallex or Wise in Indonesia?
Airwallex onboards companies registered in Indonesia, including a PT, and asks for an NIB. As of 14 September 2025 Wise onboards only freelancers in Indonesia, with other company types listed as coming soon. Confirm current availability with each provider.
What documents does a PT need to open a corporate account?
Banks generally ask for the deed of establishment and articles, the NIB business licence, the company NPWP, identity documents and permits for directors and beneficial owners, a domicile letter, and a board resolution naming the signatories. As of 14 September 2025 verify the exact list with the bank.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 14 September 2025. Confirm current terms with the provider before applying.