How to send money to Indonesia in a few simple steps
Choose your service. Not all money transfer services send money to Indonesia from New Zealand. Use our table to see which ones do and compare exchange rates, transfer fees and more.
Create an account. This usually involves providing forms of identification, like your driver’s licence or passport and proof of address.
Pick your payment method. You can typically choose to pay from your bank account, credit card or debit card.
Choose your delivery method. Do you want to send money directly to your recipient’s bank account, to their mobile phone or arrange a cash pick-up in Jakarta, Surabaya or Medan?
Enter your transaction details. This includes the transfer amount, currency you’re sending and the recipient’s information.
Review your transfer. Make sure the receiver’s details are correct. You can also review the final exchange rate and any other fees.
Send your funds. The money will be deposited into your recipient’s account in Indonesia.
Receive email/SMS confirmation. This will include your tracking number along with confirmation of your transfer. If the recipient is picking up cash, they’ll need to present this at collection.
What to look at when comparing how to send money to Indonesia
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Exchange rates. Almost all companies will add a margin onto the exchange rate, so be wary of this. Your source of truth will be the exchange rate you can see on Google or Reuters, otherwise known as the mid-market rate. Compare this against what you’re being quoted to make sure you’re getting the best deal possible.
Transfer fees. Find out if the fee is charged as a percentage, flat fee or a combination of both. Keep in mind that companies that offer “fee-free transfers” often add a larger margin to the exchange rate to cover their fees, so they’re not really “fee-free”. Generally, paying by credit or debit card will add more fees.
Bank partners. Many transfer companies will list their Indonesian bank partners online. See if your recipient’s bank is on this list before starting your transfer.
Speed. Generally, the fastest option is going to be the most expensive one, but you’ll be able to send money instantly.
Transfer limits. Some companies don’t allow smaller transfers, while others cap their maximum transfer amount. Check with the transfer company to make sure its transfer limits suit your needs.
Receiving method. Sending to a bank account is easy enough, but there are a few companies that send to other options, like a cash pick-up location or mobile wallet. If your recipient doesn’t have a bank account, you’ll want to check this out.
Exchange rates explained
An exchange rate determines how much one country’s currency is worth in another currency. When a currency is strong, it yields more money when exchanging it for a weaker currency. Indonesia’s exchange rate is flexible, which means it can change from moment to moment due to factors such as interest rates, economic stability and inflation.
Below, you can see a real-time update of what the mid-market rate is for NZD/IDR, as well as what it has been historically.
What are all the ways I can send money to Indonesia?
You have a variety of choices when looking to send money from New Zealand to Indonesia. Some of the more common transfer methods include:
Local bank. Most major New Zealand banks can help you send money to Indonesia. However, the fees and margin added to the exchange rate tend to be the highest when compared to the other options.
Online money transfer company. These providers often have competitive exchange rates and lower fees, plus more delivery options. Keep an eye out for sign-up deals where your first transfer is free.
Providers with cash pick-up. Often the fastest method of transferring money, but one of the more expensive.
PayPal. PayPal is one of the most well-known methods of transferring money, but the fees can be costly.
International cheque. You can buy one of these from your bank and send it by mail. It’s one of the slowest methods of transferring money.
Let’s crunch the numbers: Your local bank vs a money transfer company
To show you how a bank transfer compares to an online money transfer specialist, we’ve put the two head to head. For this example, we’ll be using a $2,000 transfer to compare.
Major NZ bank
Money transfer specialist
1 NZD = 9,371.29 IDR
1 NZD = 9,711.13 IDR
2–5 business days
Total rupiah received
IDR 679,673 less
IDR 679,673 more
We can see in the table above that the money transfer company comes out on top, despite having higher transfer fees. This is because of the difference in the exchange rate each offers. Make sure to check out both when comparing, so you get the best deal possible.
Emergency cash transfers in Indonesia
Sending money to a cash pick-up location is often instant and can be helpful in the case of an emergency or if your recipient doesn’t have a bank account. This tends to be one of the more expensive options, so be sure to look carefully at the exchange rate and fees to understand exactly how much it will cost you.
Some options for sending a cash transfer between New Zealand and Indonesia include:
Cash transfer companies. MoneyGram, Western Union and WorldRemit all have the option to send cash to a location for your recipient to pick up. All they’ll need is a photo ID and a transaction reference number.
Travel insurance. If your trip is covered by travel insurance, many comprehensive policies let you have an emergency cash allowance if you lose your wallet or it’s stolen. You’ll need to check the fine print of your travel insurance to make sure.
Credit card provider. If your credit card is lost or stolen, your provider may be able to send you a replacement or give you access to emergency cash.
Tips for picking up cash in Indonesia
Whether you’re picking up cash in Indonesia or any other country, take a safety-first approach. Use common sense, such as keeping your cash hidden and depositing it with your bank as soon as possible. Taking a friend along with you to collect the funds is also a good idea.
Cash pick-up locations in Indonesia
BANK NEGARA INDONESIA Address: Wisma Bumi Putera, Jl. Jend. Sudirman No.79, RT.3/RW.3, Setia Budi, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 12910, Indonesia Hours: 9am – 3pm Phone: +62-21-5789999
PT Pos INDONESIA PERSERO Address: Plaza Permata, Jl. M.H. Thamrin No.57, RT.9/RW.5, Gondangdia, Menteng, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10350, Indonesia Hours: 8am – 3pm Phone: +62-21-3903277
BANK RAKYAT INDONESIA Address: Jl. Lautze Raya No.12C, RT.4/RW.1, Karang Anyar, Sawah Besar, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10710, Indonesia Hours: 8am – 3pm Phone: +62-21-3448026
BCA – MEGA KUNINGAN Address: Gedung Oakwood Premier Cozmo JL. Lingkar Mega Kuningan Blok Jakarta Selatan, 12950 Hours: 6am – 3:30pm Phone: +62-21-5563388
BANK MEGA – #20 – KC JKT RASUNA SAID Address: Menara Mega Syariah Lt.1 Jl. HR. Rasuna Said Kav.No.19A Wil. Kota Jakarta Selatan, 12950 Hours: 8:30am – 3:00pm Phone: +62-21-57903637
BCA – BINA MULIA Address: Gedung Cyber 2 Ground Floor JL. HR. Rasuna Said KAV. X-5 No Jakarta Selatan, 12950 Hours: 6am – 3:30pm Phone: +62-21-5563388
PT POS KPC JAKPUS DEPHUB Address: Jl Medan Merdeka Barat No 8 Gambir Gambir Jakarta Pusat, Dki Jakarta 10110 Hours: 8am – 2:00pm Phone: +62-21-3811308
PT POS KPC KASOKANDEL Address: Jl Raya Kasokandel Rt 01 Rw 01 Ds Mekarmulya Kasokandel Majalengka, Jawa Barat 10110 Hours: 9am – 3pm Phone: +62-21-3844188
PT POS KPC JAKPUS KANTOR WALIKOTA Address: Ktr Walikotajl Tanah Abang I Petojo Selatan Gambir Jakarta Pusat, Dki Jakarta Hours: 8am – 4pm Phone: +62-21-3502475
BANK NEGARA INDONESIA Address: Jl. Kusuma Bangsa No.37, Ketabang, Genteng, Kota SBY, Jawa Timur 60272, Indonesia Hours: 8am – 4pm Phone: +62-31-5481965
KANTOR Pos PETRA SURABAYA Address: Jl. Siwalankerto No.121, Siwalankerto, Wonocolo, Kota SBY, Jawa Timur 60236, Indonesia Hours: 8am – 3pm Phone: +62-31-8495324
BANK RAKYAT INDONESIA Address: JL. HR. Muhamad, Kav. 41, Suko Manunggal, Putat Gede, Suko Manunggal, Kota SBY, Jawa Timur 60189, Indonesia Hours: 9am – 4pm Phone: +62-31-7382090
BANK MEGA – SEMARANG PETERONGAN Address: Ruko Peterongan Plaza Blok A-12 Jl. MT. Haryono No. 719 Kota Semarang, 50242 Hours: 8:30am – 3pm Phone: +62-24-8413255
BCA – KEDUNGMUNDU Address: JLN. Kedungmundu NO. 511 Blok I & J Jalan Kedungmundu 511 Blok Semarang, 50273 Hours: 6am – 3:30pm Phone: +62-21-5563388
PEGADAIAN KC MRICAN Address: Jl Tentara Pelajar No 30 A Semarang Semarang, Jawa Tengah 50256 Hours: 8am – 5pm Phone: +62-24-8314582
PEGADAIAN UPC LAMPER TENGAH Address: Jl Lamper Tengah Raya Semarang Semarang, Jawa Tengah Hours: 8am – 5pm Phone: +62-24-8415896
INDOMARET TGWE Address: Tk Lamper Tengah Jl Kedondong Tengah No 19 Lamper Tengah Semarang, Jawa Tengah 50248 Hours: 7am – 10pm Phone: +62-24-86455855
Frequently asked questions
You’ll get a better exchange rate when either the Indonesian rupiah is weak or the New Zealand dollar is strong. While it’s very difficult to predict how either of these currencies move, you can look at a few factors that could influence it, including:
The political climate, especially if there’s an election soon
Interest rate changes
The level of debt a country has
Yes, there are some companies that allow transfers by card. Keep in mind that not all will do it and if one does, there’s normally a higher fee involved.
Although it varies, you’ll generally need:
Your recipient’s full name and bank account details
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
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