Send money to Indonesia cheaply

indonesiaIndonesian expats living in India can find cheap methods to send money back home.

Whether you’re sending a monetary gift to Indonesia or paying your monthly bill, you can find an inexpensive way to transfer funds overseas.

If you are an Indonesian national, having a valid visa as well as a valid residential permit allowing you to live and work in India, you should be aware of Indian regulations regarding opening an Indian bank account. You should also know the Indian rules and regulations related to overseas foreign exchange remittance.

How do I compare transfer companies when transferring money to Indonesia?

Rates last updated October 16th, 2019
Name Product Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Easily transfer cash to more than 350,000 locations around the world.
INR 1
1 day
Agent
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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When you begin your own investigation, look into this list of features:

  • A competitive exchange rate. The rate at which the currency is exchanged will make a big difference in how much money actually arrives in Indonesia.
  • Little to no fees. All services will charge some type of fee. Not only will you want to compare this, but you will have to check if it is a sliding fee based on how much is sent.
  • Convenient pickup methods for your recipient. Depending on your situation, you may want to opt for a for a bank-to-bank transfer or alternate pickup methods.
  • Short transfer times. This is especially important if you need to send money to cover the cost of an emergency.
  • Flexible transfer amounts. Some services will have a minimum and a maximum amount per transaction. If you plan on making large money transfers to Indonesia, check to see what the cap is.

How do I send money to Indonesia from India?

You have a variety of choices when looking to send money from India to Indonesia, plus you have the option of a bank or wire transfer company. Here are some of the providers worth looking into:

  • Bank-to-bank transfers. Some larger Indian banks will allow you to send money overseas. Check with the bank that you have opened your account in about the facilities they offer for sending money to Indonesia.
  • Money transfer service company. Check with international money transfer companies regarding the facilities offered to individuals for remitting money from India to Indonesia. Some companies offering this service from India are UAEExchangeIndia, BuyForexOnline, ExTravelMoney, Thomas Cook India, BookMyForex, InstaReM and FxKart.

What if I need an emergency cash transfer to Indonesia?

If you are travelling in Indonesia and lose your wallet or it is stolen, the first thing you should do is alert the police and obtain a police report. To replace the cash that you lost, you can look into the following methods:

  • Bank-to-bank transfer. You may be able to contact your Indian bank and ask for money to be transferred to an Indonesian bank. This option will most likely take a couple of days, and you will have to pay fees and lose some money because of the exchange rate.
  • Travel insurance emergency assist. You should not travel to Indonesia without traveller’s insurance. This may provide you with immediate coverage for lost or stolen cash.

What documentation do I need for my money transfer?

You have the option of bank transfers and cash transfer services when sending money to Indonesia. If you are going to use a bank, make sure that your bank in Indonesia will accept the transfer from an Indian bank. If using a cash transfer service provider, you will need to know the following about your recipient:

  • Your recipient’s full name. These companies are very cautious when handing over a cash transfer and will check that the name on the transfer is an exact match for the name on your recipient’s identification.
  • Keep your tracking number. Your recipient will have to give the agent the tracking number for the transaction.
  • Your recipient’s address and phone number. Make sure that you have the correct contact details for your recipient.
  • Recipient bank account number. If you are wiring the money to a bank, you will need to have the account number and routing number.

Save the paperwork that you receive after initiating the transaction in case of any difficulties.


When making a big move to a new country, even if temporarily, you want to make sure that you have the means to maintain your life back in Indonesia. Consider your options carefully and make comparisons to ensure that you are getting the best value for your money.

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