Best companies for IDR/NGN transfers
5 of 5 providers Last updated on 21 September 2026
Based on 4,200,000 IDR transfer Best companies for IDR/NGN transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee Rp 61.204,00 1 IDR = 0.0770 NGN -3.19% vs mid-market	Recipient gets ₦318.783,31 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer Rp 61.204,001 IDR = 0.0770 NGN ₦318.783,31You payRp 4.200.000,00
Run a live search Showing top Indonesia to Nigeria deals for 4,200,000 IDR. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live IDR to NGN rates.
Run a live search These companies offer multi-currency accounts for spending NGN. We suggest doing a live search based on how much IDR you're planning to spend in Nigeria.
Run a live search These are managed services with real human support for large IDR transfers. Click the link and update the transfer amount to get the best deal.
Wise Pay via Bank transfer	Fee Rp 61.204,00 1 IDR = 0.0770 NGN -3.19% vs mid-market	Recipient gets ₦318.783,31 Within minutes
25 reviews CheapestFastestOur top pick Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer Rp 61.204,001 IDR = 0.0770 NGN ₦318.783,31You payRp 4.200.000,00
Grey Pay via Bank transfer	Fee Rp 0,50 1 IDR = 0.0686 NGN +8.00% vs mid-market	Recipient gets ₦288.273,69 Minutes
0 reviews
Ways to receive money in Nigeria with Grey when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes Rp 0,501 IDR = 0.0686 NGN ₦288.273,69You payRp 4.200.000,00
Send Money Between PayPal Accounts PayPal App (P2P Transfer) Pay via Bank transfer	Fee Rp 168.000,00 1 IDR = 0.0701 NGN +6.00% vs mid-market	Recipient gets ₦282.758,92 Minutes
0 reviews
Ways to receive money in Nigeria with PayPal App (P2P Transfer) when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes Rp 168.000,001 IDR = 0.0701 NGN ₦282.758,92You payRp 4.200.000,00
Send cash via a MoneyGram agent MoneyGram Agent Pay via Bank transfer	Fee Rp 168.000,00 1 IDR = 0.0701 NGN +6.00% vs mid-market	Recipient gets ₦282.758,92 Minutes - 3 days
0 reviews
Ways to receive money in Nigeria with MoneyGram Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days Rp 168.000,001 IDR = 0.0701 NGN ₦282.758,92You payRp 4.200.000,00
Send cash via a Western Union agent Western Union Agent Pay via Bank transfer	Fee Rp 126.000,00 1 IDR = 0.0694 NGN +7.00% vs mid-market	Recipient gets ₦282.664,92 Minutes - 5 days
0 reviews
Ways to receive money in Nigeria with Western Union Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 5 days Rp 126.000,001 IDR = 0.0694 NGN ₦282.664,92You payRp 4.200.000,00
How Our Results Work Mid-market rate: 1 IDR = 0.0746 NGN Updates every 60 minutes.

Why compare

IDR/NGN exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Indonesia to Nigeria

Pick a company

For a one-off transfer from Indonesia, I suggest picking the cheapest option which is Wise.

Wise was the cheapest on 30 of the 30 days it quoted Rp4.200.000 transfers to Nigeria.

On a 4.200.000 IDR transfer, Wise delivers the most NGN.

This will change depending on how much you actually send, so I suggest running a live search to get the best IDR/NGN rate.

Fund your transfer

You can fund the transfer using bank transfer.

With money transfer companies, you're given a virtual account number to pay into, and in many cases (depending on the company) you can use BI-FAST to fund it.

It costs about Rp2,500 and caps at Rp250 million.

Verify and send

First time round you'll likely need your KTP and a selfie with it to verify your account.

Larger transfers need documents showing what the money is for (such as tuition letter or similar).

IDR/NGN Exchange Rate History

Is today a good time to send money from Indonesia to Nigeria?

The cheapest way to send IDR to NGN can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Wise), across 30 days of comparisons for 4.200.000 IDR transfers to Nigeria.

NGN received for Rp 4.200.000, after fees

Each line shows what the recipient gets when you send Rp 4.200.000, after fees, as quoted by each company. The mid-market line shows what Rp 4.200.000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more NGN per IDR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 29 of the last 30 days.

Right now, Wise pays 318.783,31 NGN on 4.200.000 IDR, which is 5.442,31 NGN more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout isn't the best this month though, since the highest receive amount was 326.378 NGN.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

If you need to send money now, it's a good time to send.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Nigeria.

We've tracked 59 comparisons to check how often today's top companies were the cheapest across 2 amounts over the past month.

WiseAppeared in 59 comparisons
Cheapest every time
GreyAppeared in 29 comparisons
Never the cheapest
PayPal App (P2P Transfer)Appeared in 29 comparisons
Never the cheapest

Based on 59 comparisons across 2 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Wise is the cheapest and gets you the most NGN, and it was also the cheapest in 100% of the 59 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Nigeria.

Ways to send money from Indonesia to Nigeria

5 companies send money from Indonesia to Nigeria, using multi-currency account, in person, online, app, and global business account and other options.

One-off and everyday transfers

Online transfers

Wise charges 61.204 IDR to send Rp4.200.000 and your recipient gets 318.783,31 NGN in within minutes.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

Most of Indonesia’s outbound transfer services are local and licensed by Bank Indonesia.

Avoid unregulated money transfer companies, even if the exchange rate looks better.

Make sure to check for the words “berizin dan diawasi Bank Indonesia” on the company's website or app before sending.

For cash pickup

In-person transfers

You have a few options to send cash to Nigeria, and the cheapest is MoneyGram Agent.

Our data shows MoneyGram Agent came out cheapest among in-person options on 100% of days in the past month.

You will need to pay MoneyGram Agent online by bank transfer, and your recipient collects NGN in cash at the nearest branch.

Only use agents that hold a Bank Indonesia transfer licence.

Saving for future payments

Valas account

A valas account (a.k.a a multi-currency account) lets you convert IDR to NGN and hold it before spending abroad, travelling, or paying other bills in Nigeria.

This works well if you need NGN regularly, travel to Nigeria, or get paid in from there.

Paying suppliers

Global accounts

Global accounts help Indonesian businesses hold foreign currency and make regular payments to suppliers in Nigeria.

Wise Business and Payoneer handle recurring business transfers, but a bank’s solusi valas desk may be more useful when the payment needs invoices or other supporting documents.

Ways to fund IDR and receive NGN in Nigeria

With Wise, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending Rp4.200.000 gives your recipient 318.783,31 NGN.

You can fund the IDR side through bank transfer.

Pay from Indonesian bank account

A money transfer company will give you bank details for top-up, send money to it from your Indonesian bank.

BI-FAST can be used to fund the transfer inside Indonesia (some companies support it), but the company will then use an internal network to send it to Nigeria.

Your recipient can receive NGN by bank deposit.

1

Bank transfer Bank deposit

You pay Rp4,200,000.00

₦318,783

Cheapest

What to consider when sending IDR to Nigeria

The main check in Indonesia is whether the service is licensed to send money out. Many international brands only support transfers coming into the country.

Compare the IDR/NGN options

For a Rp4.200.000 transfer to Nigeria, start with the final option that gets you the most NGN.

Cheapest way to send money to Nigeria

The cheapest option is Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 318.783,31 NGN, which is 9,57% more than the next best option.

Fastest way to send money to Nigeria

Wise delivers 318.783,31 NGN in within minutes when you pay by bank transfer and choose bank deposit.

BI-FAST and QRIS are domestic only

BI-FAST can be used to deposit IDR to the transfer company's local account, but it does not send NGN to a person in Nigeria.

QRIS is also a payment system rather than an international person-to-person transfer.

The purpose matters on larger payments

Banks must record the purpose of an outgoing foreign-currency transfer and can ask for supporting documents such as invoices, agreements, etc.

Bank Indonesia's current foreign-exchange rules include documentation requirements once relevant thresholds are crossed.

Those thresholds and exemptions can change, so ask the bank what it needs before making a large transfer to Nigeria.

How we analyse the market

Every company here holds a Bank Indonesia transfer licence, the thing worth checking before you trust anyone with your money.

We track 5 of them on IDR to Nigeria, comparing rates, fees and the pay-in and payout options, refreshed in real time on live searches.

In the past 30 days alone, we analysed 59 comparisons across 2 amounts.

This page covers the cheapest and fastest options for IDR/NGN transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each also goes through our review.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Send money from Indonesia

Send money to Nigeria

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Sun, 23 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0762	–	₦320.178,60
Wise Cheapest	0.0789	Rp 61.204,00	₦326.378,00	+₦6.199,40
Grey	0.0701	Rp 0,50	₦294.564,28	−₦25.614,32
PayPal App (P2P Transfer)	0.0717	Rp 168.000,00	₦288.929,17	−₦31.249,43

Mon, 24 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0762	–	₦320.082,00
Wise Cheapest	0.0786	Rp 61.204,00	₦325.336,27	+₦5.254,27
Grey	0.0701	Rp 0,50	₦294.475,40	−₦25.606,60
PayPal App (P2P Transfer)	0.0716	Rp 168.000,00	₦288.842,00	−₦31.240,00

Tue, 25 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0760	–	₦319.057,20
Wise Cheapest	0.0785	Rp 61.204,00	₦324.807,74	+₦5.750,54
Grey	0.0699	Rp 0,50	₦293.532,59	−₦25.524,61
PayPal App (P2P Transfer)	0.0714	Rp 168.000,00	₦287.917,22	−₦31.139,98

Wed, 26 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0760	–	₦319.384,80
Wise Cheapest	0.0785	Rp 61.204,00	₦324.960,05	+₦5.575,25
Grey	0.0700	Rp 0,50	₦293.833,98	−₦25.550,82
PayPal App (P2P Transfer)	0.0715	Rp 168.000,00	₦288.212,84	−₦31.171,96

Thu, 27 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0758	–	₦318.250,80
Wise Cheapest	0.0779	Rp 61.204,00	₦322.384,89	+₦4.134,09
Grey	0.0697	Rp 0,50	₦292.790,70	−₦25.460,10
PayPal App (P2P Transfer)	0.0712	Rp 168.000,00	₦287.189,52	−₦31.061,28

Fri, 28 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0758	–	₦318.204,60
Wise Cheapest	0.0781	Rp 61.204,00	₦323.404,28	+₦5.199,68
Grey	0.0697	Rp 0,50	₦292.748,20	−₦25.456,40
PayPal App (P2P Transfer)	0.0712	Rp 168.000,00	₦287.147,83	−₦31.056,77

Sat, 29 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0756	–	₦317.310,00
Wise Cheapest	0.0779	Rp 61.204,00	₦322.511,95	+₦5.201,95
Grey	0.0695	Rp 0,50	₦291.925,17	−₦25.384,83
PayPal App (P2P Transfer)	0.0710	Rp 168.000,00	₦286.340,54	−₦30.969,46

Mon, 31 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0759	–	₦318.746,40
Wise Cheapest	0.0780	Rp 61.204,00	₦322.693,65	+₦3.947,25
Grey	0.0698	Rp 0,50	₦293.246,65	−₦25.499,75
PayPal App (P2P Transfer)	0.0713	Rp 168.000,00	₦287.636,75	−₦31.109,65

Tue, 1 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0755	–	₦316.969,80
Wise Cheapest	0.0779	Rp 61.204,00	₦322.375,37	+₦5.405,57
Grey	0.0694	Rp 0,50	₦291.612,18	−₦25.357,62
PayPal App (P2P Transfer)	0.0709	Rp 168.000,00	₦286.033,55	−₦30.936,25

Wed, 2 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0751	–	₦315.340,20
Wise Cheapest	0.0773	Rp 61.204,00	₦320.012,12	+₦4.671,92
Grey	0.0691	Rp 0,50	₦290.112,95	−₦25.227,25
PayPal App (P2P Transfer)	0.0706	Rp 168.000,00	₦284.563,00	−₦30.777,20

Thu, 3 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0751	–	₦315.609,00
Wise Cheapest	0.0777	Rp 61.204,00	₦321.609,28	+₦6.000,28
Grey	0.0691	Rp 0,50	₦290.360,25	−₦25.248,75
PayPal App (P2P Transfer)	0.0706	Rp 168.000,00	₦284.805,56	−₦30.803,44

Fri, 4 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0751	–	₦315.281,40
Wise Cheapest	0.0778	Rp 61.204,00	₦321.819,53	+₦6.538,13
Grey	0.0691	Rp 0,50	₦290.058,85	−₦25.222,55
PayPal App (P2P Transfer)	0.0706	Rp 168.000,00	₦284.509,94	−₦30.771,46

Sat, 5 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0751	–	₦315.214,20
Wise Cheapest	0.0777	Rp 61.204,00	₦321.749,17	+₦6.534,97
Grey	0.0690	Rp 0,50	₦289.997,03	−₦25.217,17
PayPal App (P2P Transfer)	0.0705	Rp 168.000,00	₦284.449,29	−₦30.764,91

Mon, 7 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0749	–	₦314.462,40
Wise Cheapest	0.0773	Rp 61.204,00	₦319.905,34	+₦5.442,94
Grey	0.0689	Rp 0,50	₦289.305,37	−₦25.157,03
PayPal App (P2P Transfer)	0.0704	Rp 168.000,00	₦283.770,87	−₦30.691,53

Tue, 8 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0750	–	₦315.050,40
Wise Cheapest	0.0774	Rp 61.204,00	₦320.380,89	+₦5.330,49
Grey	0.0690	Rp 0,50	₦289.846,33	−₦25.204,07
PayPal App (P2P Transfer)	0.0705	Rp 168.000,00	₦284.301,48	−₦30.748,92

Wed, 9 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0753	–	₦316.310,40
Wise Cheapest	0.0780	Rp 61.204,00	₦322.762,35	+₦6.451,95
Grey	0.0693	Rp 0,50	₦291.005,53	−₦25.304,87
PayPal App (P2P Transfer)	0.0708	Rp 168.000,00	₦285.438,50	−₦30.871,90

Thu, 10 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0755	–	₦316.961,40
Wise Cheapest	0.0782	Rp 61.204,00	₦323.602,94	+₦6.641,54
Grey	0.0694	Rp 0,50	₦291.604,45	−₦25.356,95
PayPal App (P2P Transfer)	0.0709	Rp 168.000,00	₦286.025,97	−₦30.935,43

Fri, 11 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0753	–	₦316.121,40
Wise Cheapest	0.0777	Rp 61.204,00	₦321.571,21	+₦5.449,81
Grey	0.0692	Rp 0,50	₦290.831,65	−₦25.289,75
PayPal App (P2P Transfer)	0.0708	Rp 168.000,00	₦285.267,95	−₦30.853,45

Sat, 12 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0753	–	₦316.440,60
Wise Cheapest	0.0776	Rp 61.204,00	₦321.247,55	+₦4.806,95
Grey	0.0693	Rp 0,50	₦291.125,32	−₦25.315,28
PayPal App (P2P Transfer)	0.0708	Rp 168.000,00	₦285.556,00	−₦30.884,60

Mon, 14 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0751	–	₦315.399,00
Wise Cheapest	0.0775	Rp 61.204,00	₦320.582,86	+₦5.183,86
Grey	0.0691	Rp 0,50	₦290.167,05	−₦25.231,95
PayPal App (P2P Transfer)	0.0706	Rp 168.000,00	₦284.616,06	−₦30.782,94

Tue, 15 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0749	–	₦314.630,40
Wise Cheapest	0.0774	Rp 61.204,00	₦320.459,94	+₦5.829,54
Grey	0.0689	Rp 0,50	₦289.459,93	−₦25.170,47
PayPal App (P2P Transfer)	0.0704	Rp 168.000,00	₦283.922,47	−₦30.707,93

Wed, 16 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0749	–	₦314.584,20
Wise Cheapest	0.0774	Rp 61.204,00	₦320.349,85	+₦5.765,65
Grey	0.0689	Rp 0,50	₦289.417,43	−₦25.166,77
PayPal App (P2P Transfer)	0.0704	Rp 168.000,00	₦283.880,78	−₦30.703,42

Thu, 17 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0750	–	₦314.865,60
Wise Cheapest	0.0773	Rp 61.204,00	₦319.825,05	+₦4.959,45
Grey	0.0690	Rp 0,50	₦289.676,32	−₦25.189,28
PayPal App (P2P Transfer)	0.0705	Rp 168.000,00	₦284.134,72	−₦30.730,88

Fri, 18 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0750	–	₦315.147,00
Wise Cheapest	0.0773	Rp 61.204,00	₦319.933,48	+₦4.786,48
Grey	0.0690	Rp 0,50	₦289.935,21	−₦25.211,79
PayPal App (P2P Transfer)	0.0705	Rp 168.000,00	₦284.388,65	−₦30.758,35

Sat, 19 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.0748	–	₦314.013,00
Wise Cheapest	0.0771	Rp 61.204,00	₦318.926,51	+₦4.913,51
Grey	0.0688	Rp 0,50	₦288.891,93	−₦25.121,07
PayPal App (P2P Transfer)	0.0703	Rp 168.000,00	₦283.365,33	−₦30.647,67

How to send money to Nigeria from Indonesia with the best IDR-NGN rate

Best companies for IDR/NGN transfers