Transfer Money to Indonesia

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About Money Transfers to Indonesia

Looking for the cheapest way to transfer money to Indonesia? We compare the online money transfer market to find the most comprehensive list of options available, customised to your individual needs and built to guarantee you the best deals when sending money to Indonesia. All the companies we list are FCA authorised, regulated and compliant. Save up to 85% on INR money transfers!

Whether you want to invest in land in the heart of Jakarta or want to send financial support to a relative in Bali, our comparison table will find you the best INR exchange rates and the fairest deals, whatever the amount and whatever the occasion.

Last updated: May 08, 2014 Our methodology

Quick Facts: Indonesia

Key information for sending money to Indonesia

Transfer Speed
2 working days
Local Currency
IDR
Income Tax Rate
5-30%
Avg. Property Price/m²
19,221,106.00 IDR
Avg. Monthly Rent (3 bed)
9,832,018.70 IDR
IBAN Required
No

Money Saving Tips for Indonesia

Expert advice for your international transfer

It is common practice to have an Indonesian representative acquire land for the foreign buyer and ownership must be transferred from the previous owner.

You can obtain a Visa on Arrival that lasts for 7 days for a fee of 7 GBP or 30 days for a fee of 20 GBP, great for seeking employment prior to emigration.

Legal fees are negotiable. Processing fees for legal documents are at around 0.5% to 1.5% of the property value.

Expatriates are required to register at the local tax oce situated in the area where you live to ensure all taxes are calculated accordingly.

What You Need to Send Money to Indonesia

Checklist of recipient bank details required

Routing Number e.g.
Bank routing number
SWIFT/BIC Code e.g. BANKIDXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Indonesia

Mandiri Bank BCA Bank BRI Bank BNI Danamon BII Bank

"When sending money to Indonesia, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Indonesia

What is the cheapest way to send money to Indonesia?

The cheapest way to send money to Indonesia depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Indonesia?

Most transfers to Indonesia are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Indonesia?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Indonesia?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Indonesia

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.