Transfer Money to Indonesia with Wise (Cheapest & Fastest)

3 min readAug 24, 2021


This article will show how you can transfer money back to Indonesia from overseas as fast & as cheap as possible using the Wise app.

In the following example, I will be using MYR to IDR. But if you’re sending back money to Indonesia from other currencies, the process of using the Wise app/website will be identical, except for changing the sender’s currency.

The Best Way to Transfer Money to Indonesia

I have found that Wise is the cheapest and fastest way to transfer money to Indonesia.

Let’s compare with other money transfer methods:

Rates are accurate as of 23 Aug 2021

How Long Does it Take to Transfer Money to Indonesia?

With Wise, the recipient can expect to receive the money within 1 day.

What is the Maximum Limit I Can Send to Indonesia?

You can send a maximum of MYR 30,000 at a time using Wise.

Requirements to Transfer Money to Indonesia Using Wise

  • You need to register an account with Wise
  • You need to know the bank details of the person receiving the money in Indonesia
  • You need to be able to transfer money to Wise’s Malaysian bank account

Next, let’s take a look at the overview of how transferring money via Wise works:

Overview: How Does Wise Work?

How to Send Money From Malaysia to Indonesia with Wise

You can use Wise either through their website or by downloading their app ( iPhone & Android).

Once you have signed up, click on ‘send’ on the homepage to start transferring money:

Next, select currencies that you want to convert from the drop-down menu. In this example,

  • We’re sending MYR 2,000
  • The receiver should receive the money in IDR

Before we continue, you can compare prices between bank TT transfer, BigPay & Western Union:

From my observation, Wise is almost always the cheapest.

Next, you’ll select who you’ll be sending the money to, either to yourself or to someone else. Here, I’m assuming you’re sending it to someone else.

On this page, Wise will ask for basic bank account information of the receiver in Indonesia:

Fill out the bank info of the receiver in Indonesia

On the next page, you can review the total amount that the recipient will receive in IDR & the Wise fee:

The next step is to online transfer the MYR 2,000 to Wise Malaysia’s bank account. You have less than 24 hours to make the transaction.

Make sure to include the reference details shown on the confirmation page.

Once you’ve made the transfer, Wise will verify. It will take from a few minutes to a few hours.

After everything checks out, Wise Indonesia will release the agreed IDR amount from the Wise Indonesia bank account.

Sign Up for Wise

I hope this article has been helpful. Sign up with Wise by clicking here.

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Hi, I’m Helmi Hasan. I create relatable content around personal finance & earning online.