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Is it possible to deposit rupiah with currencies other than rupiah?

  1. INDODAX
  2. Rupiah
  3. Deposit

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Rupiah deposit with foreign currency can be done by using virtual account deposit method. Please ensure that the bank you are using has a correspondence bank in Indonesia. The transfer process depends on the bank's network, so there may be a delay in your Rupiah deposit.

 

What is a correspondence bank?
A correspondence bank is a bank that acts as an intermediary between the bank you use (sender bank) and a bank in Indonesia (receiver bank). They have a partnership to facilitate transactions between countries, including fund transfers, foreign exchange, and document clearing.

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