Compare Germany to Indonesia money transfers

The exchange rate is the price you will pay when buying Rupiah in Germany. A better exchange rate means you send more Rupiahs to Indonesia.

Currently, the mid-market rate between the Euro and Rupiah is 16,968.9246. The company offering the best price on buying Rupiah is Wise.

Exchange rates between EUR-IDR change almost constantly.

Waiting a day or two can help you get more IDR for the same amount of Euros, but you may also end up paying more if you do wait.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between Germany and Indonesia for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a Bank transfer will most often be the way to get the best price when sending money from Germany to Indonesia.

For a transfer by Bank transfer, Western Union is 0.3% cheaper than the next option.

Germany and Indonesia have different regulators for financial transactions and ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators has regulation details for money transfers between Germany and Indonesia.

Money transfer companies offering services between Germany and Indonesia have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Euro could change. We always recommend comparing EUR-IDR rates for your specific transfer amount. Then, with transfers to Indonesia, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of EUR to Indonesia, we’d recommend Wise.

There are different options for receiving Rupiah in Indonesia. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Germany to Indonesia will offer every method for incoming Rupiah, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Germany into Indonesia. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between Germany and Indonesia.

And if you need cash right away, check if cash pickup is an option for transfers between Germany and Indonesia.

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

You will need to verify your ID at the sign up stage when sending from Germany to Indonesia through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in Germany through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Indonesia, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Indonesia, it’s always best to check ahead just in case.

Larger transactions between Germany and Indonesia are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to Indonesia, was their easy sign up process in Germany.

When sending money between Germany and Indonesia there will be tax declarations to consider.

Some transfers into Rupiah may need to be reported to tax authorities in Indonesia. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Indonesia based on age, income and personal circumstance. When in doubt, please contact a tax professional in Germany or Indonesia to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.