Who sends money from Singapore to Indonesia
Common senders: Work Permit and S Pass holders supporting families, EP holders sending savings, and students' families.
Worked example: sending 1,000 SGD
Using the ECB reference rate on 2026-10-07, 1 SGD = 13,957.00 IDR, our estimate model gives these results for sending 1,000 SGD:
| Provider | Est. fee | Est. received | Total cost vs mid-market |
|---|---|---|---|
| Wise | 7.28 SGD | 13,855,388 IDR | 101,612 IDR |
| Revolut | 3.00 SGD | 13,845,553 IDR | 111,447 IDR |
| Remitly | 0.00 SGD | 13,789,516 IDR | 167,484 IDR |
| Western Union | 6.40 SGD | 13,590,295 IDR | 366,705 IDR |
| Bank wire (typical) | 25.61 SGD | 13,259,601 IDR | 697,399 IDR |
In this example Wise delivers roughly 595,786 IDR more than a typical bank wire. Rates move daily and providers change pricing, so treat this as an illustration from our model; the live calculator above and the provider's own quote are what count. See how we estimate.
Sending to Indonesia: what to know
- Payout options: bank transfer and e-wallets such as DANA, OVO or GoPay on some providers.
- Bank delivery to BCA, BRI, Mandiri and BNI is widely supported.
- Double-check the recipient's name matches the bank record exactly to avoid returns.
Rules and limits
In Singapore: Cross-border money transfer providers in Singapore must be licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act. You can check any provider in the MAS Financial Institutions Directory.
In Indonesia: Money transfer services are licensed by Bank Indonesia. E-wallet deliveries are subject to wallet balance limits, which are lower for unverified accounts.
How to pick the cheapest option
- Compare the amount received, not the fee. "Zero fee" offers usually hide their cost in the rate. How markups work.
- Small amounts: watch fixed fees. Large amounts: watch the markup.
- Avoid intermediary deductions. SWIFT wires can lose $10–30 in transit. Why.
Frequently asked questions
What is the cheapest way to send money from Singapore to Indonesia?
It depends on the amount and the day's pricing. This page calculates, at today's mid-market rate, how much IDR each provider delivers for 1,000 SGD; the top row is currently the cheapest by our estimate.
How much more does a bank wire cost for 1,000 SGD?
Using the reference rate on 2026-10-07, our model puts the gap at about 595,786 IDR versus the cheapest option. Rates and pricing change daily.
How can my recipient in Indonesia receive the money?
Common payout options are bank transfer and e-wallets such as DANA, OVO or GoPay on some providers. Availability differs by provider, so check before you send.
How long does it take?
Digital services usually take minutes to 1–2 business days; bank wires often take 2–5 business days.