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Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.
Easy Transfers
Sign up, verify your account and get transacting. Know the exact amount your recipient will get as you set up your transfer.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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Transfer Money To Indonesia At Zero-Margin Rates

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Send Money To Indonesia

Making a living far away from home and being financially responsible for your family can be daunting. Add to that expensive money transfers to Indonesia, and you have quite a challenge at hand. InstaReM is here to ensure fast, fuss-free and cost-effective money transfers anywhere in Indonesia.

All you need to do is follow our 3-step process and enjoy seamless money transfers to Indonesia. At InstaReM, we give you FX rates at Zero-Margin, charge a nominal fee and payout to your recipient from our local account in Indonesia. At InstaReM, we believe in maintaining absolute transparency with our clients, and hence, we keep your transactions free from all hidden costs and FX spreads. Sign up for your InstaReM account and get started with your overseas money transfers to Indonesia.

Frequently Asked Questions
  • Is it safe to send money to Indonesia through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally. Just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud and money laundering.
  • How much does it cost to send money to Indonesia through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. For payments from AUD to IDR and HKD to IDR, the fee is 0.5%. For payments from SGD to IDR, the fee is 0.25%. For transfers from MYR to IDR, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to Indonesia through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in Indonesia are covered by InstaReM? InstaReM covers all banks in Indonesia, including Bank Rakyat Indonesia, Bank Mandiri, Bank Central Asia (BCA), Bank Negara Indonesia (BNI), Bank CIMB Niaga, Bank Tabungan Negara (BTN) and Bank Panin, among many others.
  • What details are required to send money to Indonesia?
    1. Name: When sending to individuals in Indonesia, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in Indonesia.
    3. Account no: Beneficiary’s local account number in Indonesia, which ideally contains 9-12 digits. This includes a branch code (3) and the account number (6-9).
    4. Beneficiary's Bank Code: You need the 3-digit SWIFT-BIC code to make a transfer to Indonesia.
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for Indonesia here.
  • Can I send money to the bank account of a business based in Indonesia through InstaReM? Yes. You can use InstaReM for business transfers to Indonesia.
  • What are the minimum and maximum limits for sending money to Indonesia through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore and Hong Kong. Corporates: From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia, Singapore and Hong Kong. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available in Indonesia for payout? We make payouts in IDR and USD only.
  • For what purposes can I send money to Indonesia through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in Indonesia from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in Indonesia
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    * InstaReM does not support payments for FDI (Foreign Direct Investment) purposes. As per the guidelines by the by the Financial Services Authority of Indonesia, payments for investment purposes are allowed only through banking channels.
  • Does InstaReM support transfers to an email address of a recipient based in Indonesia? No. InstaReM does not support transfers to an email address in Indonesia.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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