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Companies for transfers from Singapore to Indonesia
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
Our recommendation: Wise
We tested & reviewed 10 money transfer providers offering money transfers from Singapore to Indonesia, and Wise scored highly.
In total, Wise appeared in 100% of Singapore to Indonesia searches, and was the top rated company supporting transfers between SGD and IDR.
For a great mix of cost, speed & features, we recommend making your Singapore to Indonesia transfer using Wise.
How to send money from Singapore to Indonesia
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Rupiah from Singapore.
- Choose a provider
Select the provider offering the best way to send to Indonesia based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Rupiah will soon be on their way to Indonesia.
Summary of recent searches
Considerations when sending from Singapore to Indonesia
Comparing money transfer companies with services between Singapore and Indonesia, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 10 providers providing services between Singapore and Indonesia. This ensures you will get the best options when sending Rupiah to Indonesia.
Over the last six months, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Indonesia will provide a specific provider that’s best for transferring money from Singapore.
Cheapest way to transfer money from Singapore to Indonesia: Revolut
Our data shows Revolut is 0.2% cheaper than the second-best option. The company offers an average fee of 0* SGD and an average exchange rate between SGD and IDR that is 0.07% different to the mid-market rate.
For a cheap way to send SGD to Indonesia, Revolut is a great all round choice.
*The most common fee applied to SGD-IDR by Revolut, based on data from the past six months.
Fastest way to transfer money to Indonesia from Singapore: Wise.
Through our data, we found Wise to be the fastest option for sending money from Singapore into Rupiah in 89.3% of occasions. For fast SGD to IDR money transfers, Wise comes highly recommended.
Singapore to Indonesia transfers with Wise have an average fee of 15.63 SGD.
To test that Wise was the 'fastest' option we compared 10 providers. With this, we compared overall speed of sending money from Singapore to Indonesia made up of depositing Singapore Dollars, to a money transfer account and transfer times to Indonesia.
When sending at speed is a priority, Wise is our recommended choice for sending into Indonesia from Singapore.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 10 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Rupiah to Rupiah.
As such, opt for Wise for sending large sums of money to Indonesia from Singapore.
Understanding the cost of sending money from Singapore to Indonesia
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Singapore to Indonesia.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Rupiah for your Singapore Dollar. The current SGD-IDR mid-market rate is 12,020.6497 IDR per Singapore Dollar.
This rate changes regularly so it can pay to track it. For comparison, the SGD-IDR mid-market rate for the past three months has averaged 11,947.6695 IDR per Singapore Dollar, with a low of 11,740.691 and a high of 12,158.7239.
Revolut is currently offering the best exchange rate from the 10 companies compared.
Often the SGD-IDR exchange rate you pay is the biggest cost factor when transferring Singapore Dollars to Indonesia.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Singapore Dollar you’re sending to Indonesia. Revolut currently has the lowest fees for transfers into IDR at an average of 0 SGD over the last 6 months. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Rupiah is the biggest indicator of the total cost of sending money to Indonesia from Singapore. The bigger the amount received in Indonesia, the lower the overall cost of sending from Singapore.
Track the exchange rate for Singapore Dollar to Rupiah
Sending money at the right time between SGD and IDR can make a huge difference to overall cost. The exchange rate impacts how much IDR you get for your SGD.
Over the last six months, the average numbers are:
The exchange rate from SGD to IDR averaged 11,947.6695 IDR.
The highest value recorded was 12,158.7239 IDR, while the lowest was 11,740.691 IDR.
10 providers currently offer transfers between Singapore and Indonesia close to this rate
Want to secure the best SGD-Rupiah exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Singapore to Indonesia!
Funding your Singapore to Indonesia transfer
Bank transfers
The default option for sending money from Singapore to Indonesia is often a bank transfer.
Using a money transfer company, such as Revolut for transfers from Singapore to Indonesia, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates.
From the 10 we tested, the cheapest provider for bank transfers from SGD to Indonesia is Revolut.
With an average fee of SGD0 to send money from Singapore to Indonesia, Revolut offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from Singapore to Indonesia with a prepaid or debit card is easy with Wise.
Wise is a leader in accepting card payments for transfers between Singapore and Indonesia.
Credit cards
Instarem is the best money transfer company of the 10 compared for credit card transfers from Singapore to Indonesia
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. We recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Indonesia and Singapore.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Singapore to Indonesia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to IDR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
