Dili Digital Bank — Compare Providers in Dili

Before you sign up

Timor-Leste has no IBAN entry either: the banks operating there (largely Portuguese and Australian groups) keep their own numbering, and money leaving the country is addressed with the beneficiary bank's BIC and account details. The US dollar is the only currency in everyday use. Confirm the provider is authorised by Banco Central de Timor-Leste (BPA) or passported into Timor-Leste.

Before you sign up

Banks operating in Timor-Leste must be licensed by the Banco Central de Timor-Leste under the financial institutions law, and payment service providers need BPA authorisation. The banking sector is small, with a handful of licensed banks, so confirm the licence on the BPA's registers before holding funds with a provider. Ask what company documents the provider needs for a business registered in Timor-Leste.

Before you sign up

The BPA operates the country's payment and settlement arrangements, but formal banking coverage is concentrated in Dili, led by the national bank BNCTL alongside branches of Indonesian and Portuguese-linked banks. Day-to-day payments outside the capital are largely cash-based, mobile network coverage constrains app-based banking outside urban areas, and cross-border transfers move over SWIFT in US dollars through correspondents; there is no national instant-payment scheme to assume.

Before you sign up

Check which currencies you can receive, the conversion fee to USD (United States dollar (the official currency; Timor-Leste issues no banknotes of its own and uses circulating US coins alongside locally issued centavo coins)), and the withdrawal fee to a local account in Timor-Leste.

Before you sign up

Check whether the platform is registered with Banco Central de Timor-Leste (BPA) or another authority that oversees crypto in Timor-Leste. Crypto is volatile and is usually not covered by deposit protection.