Send money to Indonesia

What is the best IDR exchange rate today?

Send money internationally to Indonesia (IDR) using the mid-market exchange rate. Check and compare the rates from the major financial providers.

The true cost of sending USD to IDR

How much does it cost to send money to Indonesia?

  • International money transfers shouldn’t be expensive.
  • Make sure your provider doesn’t add hidden fees or bad exchange rates to your money transfer.
  • You should choose a provider that uses the mid-market exchange rate to convert your money.

What are the payments methods to send money to Indonesia?

The available payment methods for your international transfer may vary. Most of the times these should be:

  • Debit Card.
  • Credit Card.
  • Bank Transfer.

How long does it take to send money to Indonesia?

How long does an international transfer take? It mostly depends on:

  • Countries you send from and to.
  • Public holidays or weekends.
  • Payment methods.
  • Potential security checks.

Who sends money to Indonesia?

It is difficult to know the exact figures of Indonesians migrants. According to the UN department, almost 3 millions of Indonesians live outside their country. Among them 1.1 million are actually in Malaysia and a lot are in the Middle East: 380’000 in Saudi Arabia and 320’000 in the United Arab Emirates.

Indonesia remains one of the poorest countries of Southeast Asia with more than 10% of the population unemployed and 20% underemployed. So it is not surprising that the country experiences emigration.

Two types of emigration affect the country. First there is the migration of skilled workers to more developed nations, especially those part to the OCDE (Organization for Economic Cooperation and Development). Then there is the migration of unskilled workers moving to the Middle East and in other countries in Asia to work as domestics. Those workers are mainly women.

The Netherlands has a large community of Indonesians because Indonesia is a former colony of the Netherlands.

All those people send money back home to Indonesia each year. Indonesia has received 9.6 billion of US dollars in 2015, an increase of 42% compared to 2012. Given that many Indonesians are in the Middle East the remittances to the country mainly come from Saudi Arabia (for $3.6 billion), Malaysia ($2.2 billion), the United Arab Emirates ($800 million), Singapore ($400 million), the Netherlands and Hong Kong for 330 millions of dollars each.

What are the ways to send money to Indonesia?

As the market is huge the solutions to send money to Indonesia are numerous. That is why you have to determine first what is your need: do you need urgent cash? Do you need the cheapest solution on the market? Do you need to pay via a credit card, a bank account? Depending on all those criteria the best solution will not be the same.


Safe and secure but the most expensive way.

Cash international services

The fastest way as the recipient can pick up the cash in minutes in one of the operator’s agencies (Western Union, MoneyGram, Ria money transfer).

Online money transfer providers

The easiest and cheapest way to send money abroad. As these companies are specialised in money transfers they offer the best rates on the market. There are two types of online providers: foreign exchange brokers and online money transfer operators. Many of them appeared after the financial crisis in 2009 because of the rise of people’s mistrust in banks. Besides some are really easy to use and provide a lot more options to receive the money than a bank. With a bank you can only transfer on a bank account. With an operator you can choose to receive the money either on a bank account, by cash, on a prepaid card, and even on a mobile phone.

To send money to Indonesia among those operators we find WorldRemit, Azimo, Transferwise, Telemoney, CBL money transfer, Eremit, GoRemit and others.

Post Offices

Post offices in Indonesia is also another option to move money there.

The thing is to compare all their rates to know which one is the most appropriate for you depending on what you need: a cheap option, a fast option or an easy one.