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Send money from Singapore to Indonesia(SGD → IDR)
SGD
IDR|Updated recentlyMid-market 13848.2525Cheapest todayof 6 providers
HSBC Singapore
Rate 13693.1521 · Fee free
You send
S$1,000
Recipient gets
Rp13,693,152
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Singapore to Indonesia in May 2026 is HSBC Singapore, which delivers 13,693,152.07 IDR on a 1,000 SGD transfer with a fee of zero.
Last reviewed: by Awais Imran, Reviews Editor
↑
Rates are great right now
97th percentile
Based on 60 days of data (2026-03-13 to 2026-05-20)
Today's best
Rp1,369,268.14
Hsbc Sg
60-day avg
1 SGD = 13425.40 IDR
Best rate
13797.70
2026-05-19 · InstaReM
Worst rate
13128.28
2026-03-30 · InstaReM
What is the cheapest way to send SGD to IDR?
Sending S$1,000 from Singapore to Indonesia. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 13693.1521·Fee Free·1.12% markup
Best rate 32 of 60 days
↑ 4.5% over 47dAvg: 13354.19 IDR (+2.5% vs avg)Range: 13041.98–13692.68
1
HSBC SingaporeBest value
1-3 business days1.12% markup
Best rate 32 of 60 days
↑ 4.5% over 47dAvg: 13354.19 IDR (+2.5% vs avg)Range: 13041.98–13692.68
13693.1521
Free
Rp13,693,152.07
Rate 13763.7782·Fee S$6.20·0.61% markup
↑ 4.4% over 51dAvg: 13451.44 IDR (+2.3% vs avg)Range: 13128.28–13797.70
2
1-3 business days0.61% markup
↑ 4.4% over 51dAvg: 13451.44 IDR (+2.3% vs avg)Range: 13128.28–13797.70
13763.7782
S$6.20
Rp13,678,442.73
Rate 13531.1275·Fee S$4.99·2.29% markup
↑ 4.4% over 51dAvg: 13237.44 IDR (+2.2% vs avg)Range: 12908.09–13564.21
3
Minutes to 3-5 days2.29% markup
↑ 4.4% over 51dAvg: 13237.44 IDR (+2.2% vs avg)Range: 12908.09–13564.21
13531.1275
S$4.99
Rp13,463,607.19
Rate 13510.3551·Fee S$30.00·2.44% markup
Rate up 5.5%
↑ 5.5% over 60dAvg: 13141.86 IDR (+2.8% vs avg)Range: 12792.22–13612.84
4
1-3 business days2.44% markup
Rate up 5.5%
↑ 5.5% over 60dAvg: 13141.86 IDR (+2.8% vs avg)Range: 12792.22–13612.84
13510.3551
S$30.00
Rp13,105,044.48
Rate 13212.6177·Fee S$15.00·4.59% markup
Rate 13737.4665·Fee Free·0.80% markup
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Singapore and Indonesia share deep economic and cultural ties, with a large Indonesian worker population in Singapore. The SGD to IDR corridor benefits from geographic proximity and growing digital payment infrastructure in Indonesia.
Indonesian domestic workers, construction workers, and professionals in Singapore regularly send money home. The corridor is well-served by providers including Wise, InstaReM, Remitly, and DBS Remit. Indonesia's rapidly growing digital wallet ecosystem — including GoPay, OVO, and Dana — is expanding delivery options. On a SGD 1,000 transfer, switching from a bank to a specialist provider can save IDR 200,000–500,000.
Which provider offers the best SGD to IDR rate?
HSBC Singapore
3.5Exchange rate
13693.1521
Fee
Free
Recipient gets
Rp13,693,152.07
Speed
1-3 business days
What matters on the Singapore to Indonesia corridor
Singapore and Indonesia's geographic proximity and deep economic ties make SGD to IDR a high-volume corridor. Cross-border payments are increasingly fast and digital, with PayNow funding on the Singapore side and direct bank delivery to BCA, BRI, and Mandiri in Indonesia.
- Bank delivery to BCA, BRI, Bank Mandiri, and CIMB Niaga accounts typically arrives within minutes to a few hours. These four banks cover the vast majority of Indonesian recipients.
- PayNow and FAST funding from Singapore bank accounts makes it quick and free to initiate transfers. Most digital providers support instant funding from DBS, OCBC, and UOB accounts.
- The SGD/IDR pair involves a relatively wide spread due to IDR's lower liquidity compared to major currencies. This means exchange rate markups between providers can vary significantly — comparison is especially valuable on this corridor.
- MAS-licensed providers in Singapore must meet strict regulatory standards. On the Indonesian side, Bank Indonesia regulates inbound transfers. This dual regulation offers reasonable consumer protection on both ends.
IDR spreads are wider than you might expect
Because the Indonesian rupiah is less liquid than major currencies, providers can embed larger markups in the SGD/IDR exchange rate without it being obvious. Always compare the total IDR your recipient will receive across at least 3 providers — rate differences of 2–4% are common on this corridor.
For recurring transfers, it is worth checking live quotes each time rather than relying on one provider by habit. Competition on this corridor is strong enough that rankings can shift meaningfully with market moves.
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the Singapore to Indonesia route.
Cheapest transfer
HSBC Singapore
Delivers the most IDR for your money
Fastest transfer
Remitly
Delivers in Minutes to 3-5 days
Cash pickup
Remitly
Widest cash pickup network
Bank transfer
InstaReM
Best rate for bank deposit to Indonesia
How to send money to Indonesia
Sending money to Indonesia is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much SGD you want to send, compare providers above, and pick the one offering the best IDR amount for your transfer to Indonesia.
Step 2
Add your recipient
Enter your recipient's details in Indonesia — you'll need their bank account number. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit typically takes 1–2 business days.
What you need to send money to Indonesia
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's name as registered with their Indonesian bank account
Bank account number
Indonesian bank account number (10–15 digits depending on the bank)
Bank name
Name of the receiving bank (e.g. BCA, Bank Mandiri, BNI, BRI)
Note: Indonesia does not use IBAN. You need the recipient's bank account number and bank name. Some providers also support transfers via DANA or OVO digital wallets.
Transfer examples: SGD to IDR
See how much your recipient would get for common transfer amounts.
Send S$500
ProviderFeeReceives
HSBC Singapore
13693.15 · 1-3 business days
InstaReM
13763.78 · 1-3 business days
OFX
13212.62 · 1-3 business days
Remitly
13531.13 · Minutes to 3-5 days
OCBC
13510.36 · 1-3 business days
Regency FX
13737.47 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
HSBC SingaporeFree13693.15Rp6,846,5761-3 business days
InstaReMS$3.1013763.78Rp6,839,2211-3 business days
OFXS$7.5013212.62Rp6,507,2141-3 business days
RemitlyS$24.9513531.13Rp6,427,962Minutes to 3-5 days
OCBCS$150.0013510.36Rp4,728,6241-3 business days
Regency FXFree13737.47Rp6,868,733Same day to 2 business days
Send S$1,000
ProviderFeeReceives
HSBC Singapore
13693.15 · 1-3 business days
InstaReM
13763.78 · 1-3 business days
Remitly
13531.13 · Minutes to 3-5 days
OCBC
13510.36 · 1-3 business days
OFX
13212.62 · 1-3 business days
Regency FX
13737.47 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
HSBC SingaporeFree13693.15Rp13,693,1521-3 business days
InstaReMS$6.2013763.78Rp13,678,4431-3 business days
RemitlyS$4.9913531.13Rp13,463,607Minutes to 3-5 days
OCBCS$30.0013510.36Rp13,105,0441-3 business days
OFXS$15.0013212.62Rp13,014,4281-3 business days
Regency FXFree13737.47Rp13,737,466Same day to 2 business days
Send S$5,000
ProviderFeeReceives
HSBC Singapore
13693.15 · 1-3 business days
InstaReM
13763.78 · 1-3 business days
Remitly
13531.13 · Minutes to 3-5 days
OCBC
13510.36 · 1-3 business days
OFX
13212.62 · 1-3 business days
Regency FX
13737.47 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
HSBC SingaporeFree13693.15Rp68,465,7601-3 business days
InstaReMS$31.0013763.78Rp68,392,2141-3 business days
RemitlyS$24.9513531.13Rp67,318,036Minutes to 3-5 days
OCBCS$150.0013510.36Rp65,525,2221-3 business days
OFXS$75.0013212.62Rp65,072,1421-3 business days
Regency FXFree13737.47Rp68,687,332Same day to 2 business days
How much does it cost to send money from Singapore to Indonesia?
Transfer fees range from SGD 0 (Wise, InstaReM for bank-funded transfers) to SGD 10–15 for bank services. Physical exchange houses charge SGD 2–5 but rates vary significantly. The exchange rate markup is the main cost factor — compare total IDR received.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically S$0–S$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (13848.2525).
Ways to send money to Indonesia
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
Bank deposit is the most common method. DANA and OVO wallets are growing alternatives for younger, digitally-savvy recipients in urban areas.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Debit Card
Medium costSpeed: Minutes to hours
Fast and convenient — small card processing fee applies
Credit Card
Higher costSpeed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
How can my recipient receive money in Indonesia?
Your recipient in Indonesia can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit
1–2 business days
Transfer to Indonesian bank accounts. BCA, Bank Mandiri, BRI, and BNI cover most of the population.
WiseRemitlyWorldRemitWestern Union
DANA Wallet
Minutes
Transfer to DANA digital wallet — popular mobile payment platform in Indonesia.
Remitly
OVO Wallet
Minutes
Transfer to OVO digital wallet — one of Indonesia's largest fintech platforms.
Remitly
Cash Pickup
Minutes
Collect cash from bank branches and agent locations across Indonesia.
Western UnionMoneyGram
What are the transfer limits and regulations for Indonesia?
Important rules and requirements to know before sending money to Indonesia.
Regulatory body
Bank Indonesia (BI)
Inbound transfer limits
No cap on incoming remittances
Documentation you may need
- Sender's government-issued ID
- Recipient may need to report amounts over $25,000 equivalent to Bank Indonesia
Important things to know
- Indonesia is one of the largest remittance-receiving countries in Southeast Asia.
- The Indonesian rupiah (IDR) is among the world's most-subdivided currencies — exchange rates are quoted in thousands.
- Bank Indonesia monitors foreign exchange flows — large transfers may require a purpose declaration.
How long does it take to send money to Indonesia?
Bank transfers to Indonesian banks like BCA, Mandiri, and BNI typically arrive within 1–2 business days. Some providers offer same-day delivery. Cash pickup is available through partner locations in Indonesia.
FastExpress delivery
- RemitlyMinutes to 3-5 days
Standard delivery
- HSBC Singapore1-3 business days
- InstaReM1-3 business days
- OCBC1-3 business days
- OFX1-3 business days
- Regency FXSame day to 2 business days
Popular banks in Indonesia
These are the most commonly used banks for receiving international transfers in Indonesia.
BankSWIFT/BICNotes
Bank Central Asia (BCA)
CENAIDJA
Bank Mandiri
BMRIIDJA
Bank Rakyat Indonesia (BRI)
BRINIDJA
Bank Negara Indonesia (BNI)
BNINIDJA
CIMB Niaga
BNIAIDJA
Bank Danamon
BDINIDJA
SGD to IDR Exchange Rate History
Daily best exchange rates from top providers over the last 60 days. Rates shown are for sending $100.
| Date | Ocbc | __mid Market__ | Remitly | InstaReM | Hsbc Sg |
|---|---|---|---|---|---|
| Trend | |||||
| May 20 | 13510.3895 | 13530.5692 | 13530.5692 | 13763.4940✓ | 13692.6814 |
| May 19 | 13612.8443 | 13797.7025✓ | 13564.2060 | 13797.7025✓ | — |
| May 18 | 13348.7409 | 13348.7409 | 13417.9312 | 13786.6830✓ | — |
| May 17 | 13311.6266 | 13311.6266 | 13396.1800 | 13621.0361✓ | — |
| May 16 | 13311.6266 | 13311.6266 | 13396.1800 | 13621.0361✓ | — |
| May 15 | 13330.3345 | 13427.7492 | 13427.7492 | 13657.8275✓ | — |
| May 14 | 13334.1087 | 13334.1087 | 13467.0459 | 13702.0969✓ | — |
| May 13 | 13335.5596 | 13516.3864 | 13516.3864 | 13751.2156✓ | — |
| May 12 | 13347.8071 | 13347.8071 | 13476.8136 | 13709.8864✓ | 13674.9260 |
| May 11 | 13344.5323 | 13344.5323 | 13461.9775 | 13696.9547✓ | 13637.5065 |
| May 10 | 13379.7903 | 13379.7903 | 13463.4100 | 13689.4019✓ | 13643.1791 |
| May 9 | 13379.7903 | 13379.7903 | 13463.4100 | 13689.4019✓ | 13643.1791 |
| May 8 | 13353.8266 | 13353.8266 | 13443.8414 | 13679.5732✓ | 13568.8317 |
| May 7 | 13369.6546 | 13369.6546 | 13507.1147 | 13746.1341✓ | 13577.8551 |
| May 6 | 13320.5513 | 13426.7461 | 13426.7461 | 13662.1701✓ | 13537.0018 |
| May 5 | 13325.5136 | 13325.5136 | 13352.9941 | 13583.9186✓ | 13562.4098 |
| May 4 | 13390.4152 | 13331.2940 | 13331.2940 | 13563.9692✓ | 13535.6485 |
| May 3 | 13394.7455 | 13353.3400 | 13353.3400 | 13577.4779✓ | 13540.0258 |
| May 2 | 13394.7455 | 13353.3400 | 13353.3400 | 13577.4779✓ | 13540.0258 |
| May 1 | 13379.9830 | 13379.9830 | 13353.4351 | 13583.3027✓ | 13502.4721 |
| Apr 30 | 13162.9486 | 13451.3233✓ | 13265.5332 | — | 13451.3233✓ |
| Apr 29 | 13187.6820 | 13455.0974✓ | 13275.7061 | — | 13455.0974✓ |
| Apr 28 | 13163.2511 | 13255.7340 | 13255.7340 | — | 13473.8628✓ |
| Apr 27 | 13138.1242 | 13447.6454✓ | 13227.0157 | — | 13447.6454✓ |
| Apr 26 | 13112.7919 | 13476.5543✓ | 13239.6500 | — | 13476.5543✓ |
| Apr 25 | 13112.7919 | 13112.7919 | 13239.6500 | — | 13476.5543✓ |
| Apr 24 | 13178.8547 | 13366.5812✓ | 13272.4992 | — | 13366.5812✓ |
| Apr 23 | 13204.9305 | 13204.9305 | 13230.4350 | — | 13352.0463✓ |
| Apr 22 | 13135.1748 | 13319.2191✓ | 13246.8806 | — | 13319.2191✓ |
| Apr 21 | 13162.6759 | 13162.6759 | 13284.5354 | 13463.6961✓ | 13395.5182 |
| Apr 20 | 13162.0948 | 13162.0948 | 13266.3233 | 13449.1245✓ | 13381.0204 |
| Apr 19 | 13185.0647 | 13396.4119 | 13290.2700 | 13464.5944✓ | 13396.4119 |
| Apr 18 | 13185.0647 | 13185.0647 | 13290.2700 | 13464.5944✓ | 13396.4119 |
| Apr 17 | 13177.0607 | 13389.8377 | 13238.8858 | 13449.3241✓ | 13389.8377 |
| Apr 16 | 13146.9788 | 13146.9788 | — | 13475.4432✓ | 13403.3512 |
| Apr 15 | 13157.2111 | 13157.2111 | — | 13454.7909✓ | 13386.6580 |
| Apr 14 | 13162.7908 | 13424.4134✓ | — | 13424.4134✓ | — |
| Apr 13 | 13006.7084 | 13398.2583✓ | — | 13398.2583✓ | — |
| Apr 12 | 13166.0406 | 13166.0406 | — | 13398.5574✓ | — |
| Apr 11 | 13166.0406 | 13166.0406 | — | 13398.5574✓ | — |
| Apr 10 | 13058.0212 | 13058.0212 | — | 13408.7512✓ | — |
| Apr 9 | 13007.9570 | 13338.8637✓ | — | 13338.8637✓ | — |
| Apr 8 | 13074.9200 | 13074.9200 | — | 13372.6061✓ | 13266.8713 |
| Apr 7 | 13038.1643 | 13038.1643 | 13017.5915 | 13246.2303✓ | 13180.2591 |
| Apr 6 | 13043.9680 | 13023.3861 | 13023.3861 | 13260.6801✓ | 13186.1261 |
| Apr 5 | 12792.2209 | 13128.8487 | 12966.8156 | 13189.5219✓ | 13128.8487 |
| Apr 4 | 12792.2209 | 13128.8487 | 12966.8156 | 13189.5219✓ | 13128.8487 |
| Apr 3 | 12798.7125 | 13135.5112 | 12973.3958 | 13194.3221✓ | 13135.5112 |
| Apr 2 | 12810.9207 | 12985.7706 | 12985.7706 | 13218.5384✓ | 13157.0100 |
| Apr 1 | 12841.7131 | 12841.7131 | 13001.0972 | 13230.0463✓ | 13139.9942 |
| Mar 31 | 12834.2503 | 13108.0522 | 12989.2304 | 13216.9355✓ | 13108.0522 |
| Mar 30 | 12807.1609 | 12807.1609 | 12908.0917 | 13128.2814✓ | 13041.9790 |
| Mar 29 | 12805.6246 | 12927.1653 | 12927.1653 | 13145.1732✓ | 13060.6374 |
| Mar 28 | 12816.2312 | 12933.8380 | 12933.8380 | 13159.5508✓ | 13071.4552 |
| Mar 18 | 12983.8841 | 13289.6674✓ | 13062.7221 | 13289.6674✓ | 13174.9332 |
| Mar 17 | 12989.4581 | 13280.8000✓ | 13051.7169 | 13276.3892 | 13174.8554 |
| Mar 16 | 13056.7204 | 13300.4155✓ | 13078.3966 | 13300.4155✓ | 13174.1610 |
| Mar 15 | 12802.9615 | 13203.2000✓ | 12970.0900 | 13187.7928 | 13097.8744 |
| Mar 14 | 12802.9615 | 13203.2000✓ | 12963.0200 | 13180.6064 | 13097.8744 |
| Mar 13 | 12802.9615 | 13203.2000✓ | 12963.0200 | 13187.2000 | 13097.8744 |
Common questions about sending money from Singapore to Indonesia
What is the cheapest way to send money from Singapore to Indonesia?
Wise and InstaReM offer the best total value for SGD to IDR transfers. Wise provides the mid-market rate with a transparent fee. InstaReM offers competitive rates with local support. Compare all providers for today's best rate.
How long does a transfer from Singapore to Indonesia take?
Most bank transfers arrive within 1–2 business days. Some providers offer same-day delivery to major Indonesian banks. Cash pickup is typically available same-day.
Can I send money to a GoPay or OVO wallet in Indonesia?
Digital wallet delivery options are expanding. Some providers now support delivery to Indonesian e-wallets. Check each provider's delivery options, as this is a rapidly evolving space.
Is DBS Remit good for sending money to Indonesia?
DBS Remit is convenient for DBS/POSB account holders with fee-free transfers. However, their exchange rate markup may be higher than Wise or InstaReM. Compare the total IDR received before choosing.
Everything about sending money to Indonesia
Recipient requirements, delivery methods, regulations, popular banks, and more.
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