Send Money To Indonesia

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Indonesia Flag
Indonesia
IDR
1 USD equals
14872.808 IDR
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
-

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    -

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      -

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Indonesia

      How To Step Icon
      Step 1
      Compare, make a selection, register
      Compare, make a selection, register
      There are several companies to choose from when sending money to Indonesia.
      Review the prominent alternatives and compare them side-by-side.
      Select the one that suits you the best.
      Register as an individual or a business by providing your contact details.
      Most companies also require that you verify your identity.
      How To Step Icon
      Step 2
      Look at exchange rates, initiate transfer
      Look at exchange rates, initiate transfer
      Go through historical IDR exchange rates and get an indication of where the market stands.
      To send money to Indonesia, visit your service provider's website and get a rate quote.
      The rate you get might depend on the transfer amount.
      Initiate your transfer by accepting the quote and locking the rate.
      Provide the recipient's Indonesian bank account details.
      How To Step Icon
      Step 3
      The actual transfer
      The actual transfer
      You need to pay for your transfer using any of the available payment methods.
      Once the payment reaches your service provider, it begins the process of transferring money to Indonesia.
      Most of the top companies are known to provide timely notifications, and you may also check your transfer's progress online.

      Currency Symbol and Swift Codes

      The Indonesian rupiah (IDR) is the official currency of Indonesia. One rupiah is divided into 100 sen, although they are no longer in use. The name of the Indonesian rupiah comes from the Hindi word “rupiya,” which, in turn, is derived from the Sanskrit word “rupyakam.” Indonesians, commonly and informally, refer to the rupiah as perak, which literally translates to silver.

      To send money to an Indonesian bank account, you will need the receiving bank’s SWIFT code. The table below lists SWIFT codes of some popular banks in Indonesia.

      BANKBRANCHSWIFT CODE
      Bank Rakyat IndonesiaJakartaAGTBIDJAXXX
      Bank MandiriJakartaBMRIIDJAXXX
      Bank of Central AsiaJakartaCENAIDJAXXX
      Bank Negara IndonesiaJakartaBNINIDJAAPK

       

      Case Study

      Kevin completed his education in Australia. He continued living in the country because he got a suitable job. A few years later, upon a visit to Indonesia, he decided to buy a house there. Once he found the home he was looking for, he wanted to make the down payment for the purchase using his Australian bank account. While his bank let him send money to Indonesia, he was not sure if that was the best way forward. Upon comparing his options, this is what he found.

       BANKMONEY TRANSFER SERVICE
      Exchange rateAUD $1 = IDR 10,412.07AUD $1 = IDR 10,570.22
      Transfer feeAUD $0AUD $0
      Amount received for AUD $150,000IDR 1,561,810,500IDR 1,585,533,000
      Transfer time2 to 5 days1 to 3 days
      Transfer optionsBank accountBank account
      Difference of IDR 23,722,500

      Given the value of the transfer, Kevin’s bank was willing to waive off its standard currency exchange fee. However, by comparing it with specialist money exchange companies and selecting one according to his needs, Kevin ended up adding more money toward the down payment. Besides, the company he chose also let him schedule his mortgage payments so he did not have to carry out the process each month.

       

      Cash Pickup Locations in Indonesia

      If you want to send money to Indonesia and get the recipient to collect it from a physical location, you may choose from popular money exchange companies such as Western Union, MoneyGram, WorldRemit, and Ria.

      WESTERN UNION IN INDONESIA 
      Jakarta Pegadaian KC Cempaka Putih Jl Letjend Suprapto Kav 10 Blok A8 Kel Cempaka Putih Timur Cempaka Putih JakartaPegadaan UPC Pasar Gembrong Baru Pasar Gembrong Kel Cempaka Putih Barat Cempaka Putih Jakarta
      Semarang Pegadaian UPC Mrican Jl Sompok Baru 104c Lamper Kidul Semarang Selatan SemarangPegadaian UPC Lamper Lengah Ll Lamper Tengah Raya No 562 Lamper Tengah Semarang Selatan Semarang
      RIA MONEY TRANSFER IN INDONESIA 
      Jakarta BRI Bank-Jakarta - Cut Mutiah Branch Jl Cempaka Putih Tengah II/1D JakartaBRI Bank-Jakarta - Kemayoran Branch Jl Letjen Suprapto No.22E Jakarata
      Semarang Gajah Jl Gajah No. 8 Semarang Kawasan Pertokoan Gajah SemarangUPC Buaran Jalan Raya Banyurip Alit Banjurip Alit Semarang

       

      Safety Tips for Picking Up Cash in Indonesia

      Instances of armed robberies are not uncommon, and there are been a rise in the use of weapons. When collecting money from a cash pickup location, remain vigilant and open to the possibility of petty crime such as bag snatching and pickpocketing.

      Criminals have been known to get their victims to withdraw cash from ATMs forcefully. The risk of petty crime has increased around tourist areas in and around places such as Bali and Lombok. Risks increase considerably if you are travelling alone after dark, especially if you are a woman.

      Remain watchful of thieves when using public transport. Book taxis only through reputable companies because unlicensed taxis tend to overcharge, and there have been reports of thefts too. When travelling by car, keep your windows rolled up and doors locked at all times.

      Do not leave your food or drink unattended. Never accept food, drinks, chewing gum, and even cigarettes from strangers. They might be spiked using substances that can put you at risk of robbery and sexual assault.

       

      What Information Do I Need to Transfer Money to Indonesia?

      When you are sending money to Indonesia, the information you need to provide varies depending on the desired transfer method.

      • Bank account. Your service provider will need the recipient’s complete name, a bank account number held in the same name, the name of the receiving bank, and the bank’s SWIFT code.
      • Cash pickup up. All you need to provide in this case is the name of the recipient along with a desired cash pickup location. The recipient may collect the money by presenting an acceptable form of ID along with a reference or transaction number.

       

      Regulations When Transferring Money To and From Indonesia

      Bank Indonesia, the country’s central bank, regulates foreign currency exchange in the country. If you plan to make a transfer of more than U.S. $100,000 from Indonesia to another country, you will need to complete a legally required underlying document. This also applies if you send more than U.S. $25,000 per month. Commercial banks that deal in derivatives-based transactions do not have to follow underlying requirements for amounts less than U.S. $1 million.

      Convert USD to IDR

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      IDR
      Sending money online through specialist money transfer companies.

      Expect to receive between Rp1472407.97 and Rp1481331.66 when sending money from USD to IDR at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately Rp1412916.74, not including additional banking fees. That is an average saving of Rp63953.07.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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