Compare ways to send money from Indonesia to Japan

The exchange rate determines the price you’ll pay for Yen when sending Rupiah to Japan.

The rate between the Rupiah and Yen is currently 0.009. Wise offers the best exchange from IDR-JPY.

The IDR-JPY exchange rate is always moving.

Sometimes, waiting a day or two can help you get more JPY for the same amount of Rupiah. Using a forward contract that also allows you to lock in an agreed exchange rate between Indonesia and Japan.

Sending money via a Bank transfer is the recommended option for sending money from Indonesia to Japan.

The company offering the best bank transfer price is Wise.

This Bank transfer to Japan is 0% cheaper than the second-best option in the market.

Indonesia and Japan have different regulations and you should ensure any provider you use to send or receive between the countries is regulated.

Our directory of financial regulators worldwide of key regulatory bodies highlights who can aid in keeping your money safe for money transfers between Indonesia and Japan.

Some services between Indonesia and Japan have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Japan as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Japan, use Wise. The combination of rates and fees when sending from Indonesia to Japan is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Indonesia, or entering Japan. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive Yen in Japan. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers serving transfers from Indonesia to Japan will offer every method for incoming Yen, so it’s best to check ahead of time.

One of the more common ways to transfer from Indonesia into Yen is directly into a bank account. Wise is the best company for bank transfers between Indonesia and Japan.

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

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 Wise.

When signing up to and sending Rupiah to Japan, through a money transfer company, you will have to verify your ID.

The precise documents you need will vary and in some cases you will need more than one.

For the most part however, in Indonesia this will be a government issued ID such as a passport or driver's license. In Japan it will be similar, although this should only be needed if you are opening a new account in Japan, or collecting in cash. Sending to an existing bank account in Japan shouldn’t require any additional ID checks.

Large transactions between Indonesia and Japan, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

One of the reasons Wise has scored so highly for transfers to Japan is their easy sign up process in Indonesia.

When sending large amounts of money between Indonesia and Japan there will potentially be a tax declaration to consider.

Some transfers into Yen may need to be reported to tax authorities in Japan, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Japan based on age, income and a few other elements. When in doubt, please contact a tax professional in Indonesia or Japan to discuss your personal circumstances.