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Find the best way to send money to Indonesia

Learn how to send money to Indonesia from Canada in our step-by-step guide.

Looking for the best way to send money from Canada to family, friends or businesses in Indonesia (or even to your own overseas bank account)?

Don't head straight to your Canadian bank – compare specialist money transfer services instead. They nearly always offer better IDR exchange rates and lower fees, so for the same amount of Canadian dollars you send, your recipient will receive more rupiahs.

Of the companies we've compared, Remitly is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Remitly can get money to your recipient in Indonesia within minutes.

Best ways to send money to Indonesia from Canada

The best way to send money to Indonesia depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying Canadian dollars or rupiahs , money transfer specialists typically offer better rates and cheaper fees than a local bank.
  • Bank transfer. Bank transfers are an easy way to send money to Indonesia, but they charge extra for the convenience and are often slower than other methods.
  • Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in Indonesia.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
  • Home delivery. If your recipient may struggle to get to a cash pickup location, you may be able to opt for door-to-door cash delivery.

Compare the best money transfer companies to send money to Indonesia

Use our table to compare the best money transfer companies to send money to Indonesia. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to Indonesia.
1 - 7 of 7
Name Product Offer Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
Finder Award
OFX
24 hours
$0
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Remitly
Finder Award
Remitly
Within minutes
From $0
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Wise (TransferWise)
24 hours
From 0.43%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
Within minutes
From $0
Use code HELLO to get $20 off on first two transfers on a min transfer of $250. Valid until November 30, 2023.
Instarem offers zero transfer fees on all transfers.
Loop
Within an hour
$0
Loop has 1 day transfers and low FX rates.
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Cheapest way to send money to Indonesia

Bank transfers are typically the cheapest way to get your money to Indonesia. Remitly and Instarem have some of the lowest bank transfer fees of the brands we've compared.

When you're hunting down the cheapest ways to send money to Indonesia, it's more important to look at the overall cost of your transfer. This has a couple of elements:

  • Transfer fees. While still cheaper than your Canadian bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market CAD/IDR exchange rate.

Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many rupiahs your recipient will end up with.

Fastest way to send money to Indonesia

Many online providers can offer transfers to Indonesia within minutes, although you're likely to pay a premium for the convenience.

Here are some of the fastest average transfer speeds to Indonesia:
  • Remitly — within minutes
  • Instarem — within minutes
  • Xe Money Transfers — within minutes

Actual transfer times from Canada to Indonesia can depend on several several factors including transfer amount, payment method and currency.

Safest way to send money to Indonesia

The safest way to get your money to Indonesia is to use a provider registered with Canada's industry regulator, the Financial Consumer Agency of Canada. All the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Canada and Indonesia.

A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to Indonesia

If you need to make a sizable money transfer to Indonesia, consider using a provider such as OFX or Xe Money Transfers to benefit from its expertise in handling larger transfer amounts.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to Indonesia may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the CRA's latest advice.
  • Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the IDR exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
  • Phone service. If you want to talk your transfer through with someone, providers such as OFX and Wise (TransferWise) can give you support over the phone.

How to send money to Indonesia from Canada

To send money to Indonesia, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to Indonesia. One may be better for cash pickups, while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Indonesian bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Make sure you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total rupiahs your recipient gets.
  5. Complete your transfer.
    Send your money transfer to Indonesia. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it, too.

Example: Aisyah sends money to Indonesia

Aisyah is working in Canada as a doctor and she regularly contacts his elderly parents back home in Indonesia. Her parents need some funds to help pay off a mortgage, so Aisyah plans to send them $2,000 from Canada.

She decides to compare a bank and a money transfer specialist to see which one can save the most money on her transaction.

Bank Money transfer company
Exchange rate 1 CAD = 10.80 IDR 1 CAD = 10.95 IDR
Transfer fee $10 $2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 21,495.98 IDR 21,862.64 IDR

The money transfer company enables Aisyah to send an extra Rp366.66, which is transferred straight to her parents' Bank Mandiri account.

How to choose the best money transfer companies to send money to Indonesia

When choosing a money transfer provider to send money from Canada to Indonesia, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the IDR you're offered to the mid-market rate and look for the smallest difference.
  • Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Indonesia for a flat or low fee might work out better if you plan to send a large amount.
  • Transfer type. Does your recipient have an Indonesian bank account or is cash or cell phone top-up a better option? Each transfer type has different fees. For example, instant cash pickups tend to be more expensive than bank transfers .
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as Remitly offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to Indonesia faster and cheaper than banks.
  • Transfer limits. Find out how much you can send with each service. For example, Remitly has a transfer limit of $999 while Xe Money Transfers allows transfers up to $750,000 online (no max offline) .
  • Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of rupiahs.

Frequently asked questions

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4 Responses

    Default Gravatar
    jasonJuly 20, 2016

    what is the best way to send instant cash from darwin to lombok indonesia

      Default Gravatar
      Clarizza FernandezJuly 25, 2016

      Hi Jason,

      Thanks for your question.

      It depends on a number of things such as the transfer speed, how you would like to transfer the cash and how the recipient wants to receive the cash. Each service also offers different exchange rates. On this page we have a list of tips to help you compare transfer services under “How to compare transfer companies when transferring money to Indonesia”.

      We are currently working on updating our table to include Indonesia, so make sure you check back at a later date.

      Hope this helps.

      Clarizza

    Default Gravatar
    jasonJuly 20, 2016

    What is the cheapest and fastest way to send money from darwin to Lombok Indonesia

      Default Gravatar
      Clarizza FernandezJuly 26, 2016

      Hi Jason,

      Thanks for your question.

      Our Money Transfer finder table allows you to compare exchange rates and more of different international money transfer services. Please note, we are currently working to include Indonesian currency in our calculator. However you can contact the money transfer services direct to enquire about sending money to Indonesia specifically.

      Otherwise you can speak to an FX expert direct by filling out the form at the bottom of this page – a representative will then contact you.

      Please note, we are a comparison website and provide general advice only.

      Regards,
      Clarizza

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