What is the Cheapest Way to Send Money to Indonesia?

Time Doctor - Cheapest Way to Send Money to Indonesia

Do you know how much it will cost you to send 1,000 dollars from the US to Indonesia?

The amount varies, but it can be from 10 dollars up to 150 dollars. Such huge differences stem from the services you choose for the purpose. If you want to avoid paying high charges and hidden exchange rate fees, take a look at the tables below.

Next time you have to send money to Indonesia from the US, Western Europe, Canada or Australia, you’ll know what the best method is. Keep in mind that some of the stated services have limitations. For example, in the US Ria Money transfer is the cheapest way to send money to Indonesia. It is available only from the United States and not the other way around. OFX offers good prices for money transfers, but you have to send at least 500 dollars.

What transfer methods do we use at Time Doctor?

We have a remote team with people in 19 different countries around the world. The two transfer methods we use the most are:

  • TransferWise – is a new kind of financial company that you can use to transfer money internationally at a very low cost. Their system is based on local bank account transfers, which makes transfers abroad cheaper than what banks or other providers charge. They charge a small upfront fee between 0.5% and 2% for transactions, depending on the route.
  • Payoneer – very convenient for sending and receiving. They are also one of the few methods that works to receive money in almost every country and the receiver can get their money on a debit card and withdraw from an ATM. They also have an option for direct transfer to the receiver’s bank account. They also have a $50 bonus if you receive more than $100 through this method.
Table 1 – Sending $1000 from the US to Indonesia
Transfer MethodStated fees to send $1000 USD Hidden currency conversion costTotal costTime for the transfer to arrive
OFX (previously USForex)*$0$7.5$7.51-2 days
TransferWise$15$0$151-2 days
Ria Money Transfer (slow)$5$12$173-5 days
XE Trade$0$24$243-5 days
Ria Money Transfer (fast)$15$12$27Minutes
Payoneer$3$28$313-5 days
WorldRemit*$14$25$393-5 days
Transfast (slow)$5$36$413-5 days
Xpress Money$18$26$443-5 days
MoneyGram (slow)$25$25$503-5 days
Western Union (slow)$25$37$623-5 days
Transfast (fast)$30$36$66Minutes
Wire transfer$25-55$10-30$35-853-5 days
MoneyGram (fast)$81$25$106Minutes
Western Union (fast)$81$37$118Minutes
Travelex$0$154$1543-5 days


  • WorldRemit is offering their services only from the following states of US:
    District of Columbia, Idaho, Indiana, Iowa, Kansas, Michigan, Mississippi, Missouri, Montana, New Mexico, North Dakota, Oregon, South Carolina, Utah, West Virginia, and Wisconsin.
  • If you’re not sure what I mean by “hidden currency exchange fees” check out our explanation in this article.
  • The fees for wire transfers are estimates and vary from bank to bank.
  • Minimum transfer of $500 for OFX (previously USForex).
Table 2: Sending Money to Indonesia from Different Countries. The TOTAL Cost in Percentages including the HIDDEN currency exchange fees.
Transfer MethodFrom the USFrom the UKFrom CanadaFrom Western EuropeFrom Australia
OFX (previously USForex)0.75%0.75%0.75%0.75%0.75%
Bamboo ExchangeNot availableNot availableNot availableNot available1.5%
Ria Money Transfer1.7%Not availableNot availableNot availableNot available
Kangaroo ServiceNot availableNot availableNot availableNot available1.9%
OrbitRemitNot available1.6%Not availableNot available2.7%
XE Trade2.4%2.3%1.4%2.2%2.3%
Payoneer3.1%Not availableNot availableNot availableNot available
Transfast4.1%Not available3.3%Not availableNot available
AzimoNot available3.2%Not available4.1%Not available
Xpress Money4.4%4.3%4.9%6.8%7.8%
Western Union6.2%3%5.9%2.8%8.8%
Exchange4freeNot available4.6%4.8%4.6%4.5%
Wire transfer2.5 – 5.5%2 – 4.5%2.5 – 5.5%2 – 4.5%3 – 6.5%


  • OFX (previously OzForex) is a good option for sending larger amounts of money and their exchange rate fee goes down for larger amounts.
  • Minimum transfer of $500/£500 for OFX

Other articles that might interest you:

Transferring Money with TransferWise
What’s the Cheapest Way to Send Money to India?
Compare Hidden Exchange Fees When Sending Money to Bangladesh

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