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Send money from Indonesia to Nigeria
"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."
"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."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Overall best way: Wise
We tested & reviewed 4 transfer providers, and Wise scored highly.
Sending 4,200,000 IDR to NGN will cost you Rp61213 in fees, and you will receive 363,094.54 NGN. The delivery time is within minutes, but it depends on the day you make the transfer.
So for a great mix of cost, speed & features, make your Indonesia to Nigeria transfer using Wise.
How to get the best deal on your Indonesia to Nigeria money transfer
Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Indonesia to Nigeria.
Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Indonesia and Nigeria.
Click, sign up & send
Follow the steps & make your transfer to Nigeria. Your funds will be sent from Indonesia and converted into Naira.
Summary of recent searches
Considerations for money transfers from Indonesia to Nigeria
Compare providers
Comparing providers offering services between Indonesia and Nigeria, based on your specific needs is the best way to send money with confidence.
Our comparison includes 4 companies that provide the ability to send Rupiah to Nigeria.
This ensures you get the best options for transfers to Nigeria from Indonesia, based on the amount you want to send.
Watch the Rupiah-Naira exchange rate
Choose the right payment method
Use providers regulated in Nigeria and Indonesia
Consider transfer limits
Receiving money in Nigeria
Have your ID ready
Tax declarations
The fastest way to send money to Nigeria from Indonesia is by sending cash
Cash transfers are almost instant in most cases.
However, in some cases, it can take a few days to process, depending on your branch, how much you are sending, and the deposit method you use.
Considering there aren’t many IDR/NGN transfer options available, this is by far the fastest way to do it.
The cheapest way to to send money to Nigeria from Indonesia is via PayPal P2P Transfer
The coverage of IDR/NGN transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a IDR transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Sending a large amount of money?
Of the 4 providers compared, Wise is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Wise may not always be the fastest or cheapest way to send money from Indonesia to Nigeria, it's a great provider for things like buying or selling property.
Understanding the cost of sending money to Nigeria from Indonesia
The cost of sending money from Nigeria to Nigeria, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from IDR-NGN is 0.0871 NGN per Rupiah.
Finding a provider offering an exchange as close to 0.0871 as possible will ensure more Naira received when transferring.
For context, the IDR-NGN mid-market rate for the past 7 days has averaged 0.0866 NGN per Rupiah. This includes a high of 0.0872, and low of 0.0861.
Wise currently offers the best exchange rate on transfers from Indonesia to Nigeria.
For the most part the IDR-NGN exchange rate you receive is the biggest factor impacting the cost of sending IDR to Nigeria.
Fees: Outside of exchange rates, you may need to pay a fee to send. Wise currently offers the lowest fees on transfers to Nigeria from Indonesia. They charge 61213 IDR per transfer.
Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Rupiahs to NGN, paired with a low fee, means a higher total amount received in Nigeria.
Getting best exchange rate for transfers between Rupiah and Naira
Timing is essential for transferring money between IDR and NGN. The exchange rate you secure impacts how much NGN you get for your IDR.
The recent trends between the currencies are:
Over the past 7 days, the mid-market rate from IDR to NGN has moved slightly. On average, it was 0.0866.
During this same period,there was a high of 0.0872, and a low of 0.0861.
Wise, which is our recommended service to send money online from Indonesia to Nigeria offers 0.0877 NGN per IDR which is only -0.66% above the mid-market rate.
Want to secure the best IDR-Naira exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Indonesia to Nigeria!
Funding your Indonesia to Nigeria money transfer
Bank transfers
Bank transfers are often the best and easier way to send money from Indonesia to Nigeria.
By using a money transfer company such as Wise for transfers from Indonesia to Nigeria, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank.
On average, Wise is the cheapest way to send money via a bank transfer. This is of the 4 companies we tested when sending IDR to Nigeria.
With a fee of 61213 IDR to send money from Indonesia to Nigeria, Wise offers a decent combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Indonesia to Nigeria with a debit or a prepaid card is easy with Western Union Agent.
Western Union Agent is a leading money transfer company for debit card payments, and offers transfers from Indonesia to Nigeria.
Credit cards
We recommend avoiding credit card transfers due to high fees, and instead, you should consider a bank transfer or a debit card deposit.
However, if you do need to use a credit card to fund your transfer, use our comparison tool to get the latest deal.
Keep on top of fees: using a credit card to transfer money can result in a fee being charged by your card issuer. Where possible, 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 Nigeria and Indonesia.
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 Indonesia to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send IDR to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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