Find the best ways to transfer money to Indonesia

The exchange rate determines how much IDR the recipient will get when you transfer money to Indonesia.

For example, today, the average exchange rate between US Dollar and Rupiah is 16,198.2.

The rate constantly fluctuates depending on the destination currency and the market conditions, so timing your transfer can help you save a lot of money.

Sometimes, waiting a day or two can help you get more IDR.

If you do need to send IDR now, we suggest using Wise. Their rate for IDR transfers is the best (Rp16240.0000 per 1 USD).

The cheapest way to pay for your transfer to Indonesia is via bank transfer with Regency FX. It is 0.09% cheaper than the next best option.

The way you pay affects the cost, speed, and the amount of IDR you receive.

Here are your cheapest options:

*Based on a $7,000 transfer to Indonesia.

Avoid using a debit card option when sending money to Indonesia, as it’s the most expensive.

Credit card transfers to Indonesia come with cash advance fees and higher interest rates on IDR.

When possible, avoid sending IDR over the SWIFT network. Despite its name, SWIFT transfers to Indonesia are slower with steeper fees.

Some services have limits on how much you can transfer, both minimum and maximum thresholds.

Different services might offer better rates or lower fees for different transfer amounts.

For example, we recommend using Wise if you need to send large amounts of IDR abroad.

In general, the quicker you need IDR delivered, the more it will cost you in fees.

Transfer speed to Indonesia depends on the IDR amount, the time you initiate the transfer, and your payment method.

Take, for instance, an urgent need to transfer $7,000 from the US to Indonesia.

Overall, of 12 companies serving Indonesia, Wise is the fastest regardless of the deposit method right now.

For bank or debit card deposits, services like Wise are great, offering near-instantaneous IDR transfers with $39.41 - $0 fees respectively and -0.01% markup.

If you urgently need to transfer money to Indonesia, cash pickup will be the fastest, via Western Union or Ria Money.

Avoid SWIFT for IDR transfers as it's slower due to intermediary banks in Indonesia.

Online

You can transfer money to Indonesia with a money transfer provider. You can either choose to use a managed service like an FX broker, or an online-only company.

Wise is the overall best online money transfer company for IDR transfers right now.

App

Most money transfer services supporting Indonesia transfers have an app, often, offering a better IDR rate. You can use our guide to the best money transfer apps to find the one that fits your needs.

In-person

Cash transfers to Indonesia in person via Ria Money Transfers or Western Union are almost always instant, but require the recipient to visit the nearest agent to collect IDR.

Money orders

Another option is to send a money order using the postal service in your country. It is a less accepted method but often can be sent to harder-to-reach locations.

There are different ways to receive money in Indonesia. You can make a direct bank deposit, send cash for pickup or home delivery, or use a mobile wallet.

If you want a direct transfer to your bank account, Wise offers the best service for bank deposits to Indonesia.

And if you need cash right away, check if cash pickup is an option in Indonesia.

Mobile wallet services and payment apps like PayPal and Xoom are popular too, but they come with more limitations and higher costs compared to money transfer providers like Regency FX.

Please also note that CashApp is not available in Indonesia.

To receive money in Indonesia, you will need:

• Valid forms of ID: this could be a National ID, passport, or driving license.

• Sender's information: the full name and address of the sender.

• Transfer details: the amount of IDR to be received.

• Transfer reference number: will be needed for cash pickup or home delivery.

When you're sending or receiving money in Indonesia, you have to be ready to share some documents.

The exact documents you need might vary by the company you use. Usually, you will have to:

• Show a government ID like a passport or driver's license.

• Give your contact details such as phone number and email address.

You will also need the recipients' details in Indonesia. Sometimes this may include an IBAN or a SWIFT code depending on your payment method.

If you're making a large transaction to Indonesia, a provider may ask you for proof of address (e.g. a phone or utility bill) and your source of funds (e.g. a bank statement).

That’s why we suggest Wise in this case. They know how to handle large IDR transfers and will help you get things done fast.

There might be tax implications to consider when sending money to Indonesia.

Some IDR transfers may need to be reported to tax authorities, especially for larger amounts.

When in doubt, please contact a tax professional in your country or in Indonesia.