How to send money to Indonesia from Canada

By   |   Verified by David Boyd   |   Published 23 Dec 2022

To send money from Canada to Indonesia, you should use a money transfer service instead of a bank for the best exchange rate and lowest fees.

Online international money transfer services usually have better rates and lower fees than banks. However, using one of them to send money means the recipient will get more rupiah for the same amount.

Need to transfer money to Indonesia from Canada?

Best ways to send money to Indonesia

Simplii Financial Global Money Transfer

On website

Simplii Financial Global Money Transfer

Highlights

  • Get up to $300 when you send your first Global Money Transfer. Use promo code GMTEVENT to claim this offer. Terms and Conditions apply.
  • Send $50,000 daily to over 130 countries without transfer fees.
  • The only bank in Canada that provides Cash Pickup Service at $0 transfer fee. Send up to $2,000 per day and enjoy same-day delivery to over 40 countries.
  • Use the code CASH when you send your first GMT cash pick up for $50 cashback

Pros

  • No transfer fees.
  • Money tracking feature.
  • You can send money straight to a Visa credit or debit card.
  • Earn rewards.

Cons

  • No physical branches.
  • There is a $50,000 daily limit.
Remitly

On website

Remitly

Highlights

  • Enjoy great exchange rates and low fees.
  • Every transfer carries a delivery promise. Have your money delivered on time or get your money back.
  • Safety and security. Remitly uses industry-standard security protocols and encryption.

Pros

  • Low transaction fees.
  • Plenty of delivery options.
  • Wide global network, covering 50+ currencies and countries.
  • Highly rated customer support.

Cons

  • Fees apply when you fund your account using a credit card.
  • Transfer limits apply.
Instarem

On website

Instarem

Highlights

  • Use the promo code FINTY and get CAD $20 bonus on your first transfer. Terms and Conditions apply.
  • Send money and earn points.
  • Enjoy low fees, and great FX rates. No hidden charges.
  • Transfer money to 55+ countries.

Pros

  • Transfer fees are between 0.25% to 1%.
  • Earn loyalty points.
  • Dedicated customer support.
  • Mobile apps.

Cons

  • There is no cash pick-up option.
Wise

Wise

Highlights

  • Send money up to 7x cheaper than banks.
  • Receive payments like a local in 10 currencies.
  • Indulge convenience by transacting thru the Wise App anytime and anywhere!
  • Your money is safe. Wise is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.
OFX

OFX

Highlights

  • Enjoy better rates and fees.
  • Transfers to most countries take 1-2 business days. Track your transfer online or with the OFX mobile app.
  • With support staff that are located in Canada, Australia, USA, UK, New Zealand, Hong Kong and Singapore.

Pros

  • Easy and quick account opening.
  • Wide range of supported currencies and countries.
  • No fees if transferring more than $10,000.
  • Enjoy additional features for business transfers.

Cons

  • Limited payment options.
  • $15 fee if transferring less than $10,000.
MoneyGram

On website

MoneyGram

Highlights

  • Receive 20% off the fee on your next money transfer when you signup today.
  • Offers many send and receive options with money arriving in minutes.
  • MoneyGram's global network includes well-known retailers and businesses, spanning more than 200 countries and territories, making cash pick-up easy for your receiver.
  • Wire internationally at excellent exchange rates.

Pros

  • Vast network and accessible branches worldwide.
  • Same-day transfers to select bank accounts.
  • Multiple deposits and pick-up options.

Cons

  • Higher fees compared to other money transfer services.

Compare more money transfer services before you send money to Indonesia.

First time sending?

How to send money to Indonesia from Canada

Online money transfer services are faster and easier to transfer funds to Indonesia from Canada. This step-by-step guide explains how they work.

  1. Choose a money transfer service to use. Compare fees, transfer times, delivery options, etc. Choose whichever one suits your needs best.
  2. Open your account. This will usually involve providing some personal information and proof of identification.
  3. Set up the transfer. You’ll need to provide details of the recipient’s full name, address, bank account number (if that’s where you want funds delivered), and how much money to send. Depending on the service used, it may be possible to choose how funds will be delivered to the recipient.
  4. Choose how to pay for the transfer. This could be with a bank transfer, debit card, credit card, or cash. How you fund the transfer will affect the time it takes to transfer the money.
  5. Send the money and track the transfer. Once initiated, you’ll be able to track its progress and keep the recipient informed.

What are the fees and charges?

Costs for sending money to Indonesia from Canada

  • Service fee. The amount of money a money transfer service charges to send to Indonesia will vary depending on the amount of money being sent, how it is being delivered, and how the transaction is being funded.
  • Collection fee. Charged to pick up cash.
  • Delivery fee. Charged to have cash delivered to the recipient’s address.
  • Cash advance fee. Set by the credit card issuer when funding a money transfer with a credit card. Interest applies separately.
  • Exchange rate. When you send large amounts of money abroad, the exchange rate can significantly impact how much your recipient will get.

Looking for other options?

Alternative ways to send money to Indonesia from Canada

Should you need an alternative to an international money transfer service, here are some of the best options.

  • Bank transfer. Convenient but more expensive and generally slower than an international money transfer service.
  • Crypto. If the recipient can accept crypto, this can be a very cheap and fast option. Sending a stablecoin means the recipient is not exposed to fluctuations in price like they would if receiving Bitcoin or another token.
  • Money orders. One of the oldest ways to send money. They’re also one of the slowest. Once the recipient receives the money order, they can cash it in.
  • Money transfer agents. Located in most large towns and cities. Check that there is one near the recipient so they can collect the funds.
  • Prepaid cards. Transaction limits, such as how much can be loaded and how much can be withdrawn per day, make prepaid cards impractical for large amounts.

Still not sure?

FAQs

How long does it take for money sent from Canada to arrive in Indonesia?

The length of time it takes depends on how the money was sent. For example, bank transfers can take a few days to arrive. On the other hand, the fastest money transfer services can deliver funds within minutes.

Can I send money to Indonesia if the recipient has no bank account?

Yes. You can use a money transfer service to send money to someone in Indonesia with no bank account. Alternatives include sending crypto, a money order, a prepaid card, or using a money transfer agent.

Is it safe to send money to Indonesia from Canada?

Yes. It is safe if you choose a trusted company for your money transfer. We only work with established money transfer services on Finty.

Can I send a money order to Indonesia from Canada?

Yes. A money order can be purchased in Canada and cashed in Indonesia at a bank, credit union, local post office, etc.

Can I use my credit card to send money to Indonesia from Canada?

Yes. It’s possible to fund a money transfer to Indonesia with a credit card, but there are considerations. For example, most banks will classify such purchases as the equivalent of cash and charge the cash advance interest rate and cash advance fee.

Can I send cryptocurrency to Indonesia from Canada?

Yes. Bitcoin, Ethereum, and many other cryptocurrencies can be sent to Indonesia.