Practical Guide: How to Transfer Money to Indonesia from SG (Singapore) Using Transfez

The process of transferring money to Indonesia from SG done through traditional bank methods is often complicated, expensive, and non-transparent. Many workers and students in Singapore struggle to find a truly efficient way to send funds.

Are you tired of paying hidden fees (exchange rate markup) and waiting days for the funds to arrive? Old methods are no longer relevant for the speed you need, and they waste time that you could otherwise use for other things.

The solution is to switch to a legal remittance fintech platform like Transfez. This article will be a guide that dissects the most efficient, fast, and legal way to transfer money to Indonesia from SG, with a step-by-step guide using the Transfez application.

Preparing the Transfez Account: Registration and Identity Verification

The first step in ensuring a secure transfer is to have a verified account that complies with regulations. Transfez makes the sign-up and verification process very easy and fast.

How to Register and Log-in

Transfez offers several flexible options to start and access the application, tailored to the needs and convenience of modern users.

1. Registration (Register)

You can register easily. The main options are using your email address and password OR utilizing the SSO (Single Sign-On) Method by clicking the Google or Apple icon for a faster process.

2. How to Log-in

For fast and secure daily access, you have three options:

• Standard Log-in

• Log-in with SSO

• Biometric Log-in: Log-in using Fingerprint or FaceID. This feature adds a layer of security and convenience but needs to be configured in the Account page first.

3. Identity Verification Guide (Security Key)

Identity verification is crucial because Transfez, as a licensed fintech, must comply with Singaporean (MAS) and Indonesian financial regulations. This verification is the key to activating the SG region and unlocking your transfer limit.

• Security: This verification guarantees that your account is not misused and simplifies the compliance process in every transaction.

Read Also: Comparison of Money Transfer Fees from Singapore: Which is the Cheapest and Most Transparent?

Once the account is verified, the process of sending money with Transfez is designed to be easy and transparent.

1. Initiating Transaction and Cost Calculation

The first step is determining the pathway and the transfer amount.

• Transaction Pathway: You can start by clicking one of two options: The “International Transfer” button on the home page OR the “Send Money” button on the navigation bar at the bottom of the screen.
• Calculator Page: On this page, you can determine the destination country (Indonesia), the amount to be sent (SGD) or the amount to be received (IDR). Most importantly, you can instantly check the exchange rate and the fee (flat fee) in real-time. This is how you calculate the Transfez transfer fee and check the real-time money transfer rate.

2. Selecting and Filling Recipient Details

You must ensure the recipient’s data is accurate to guarantee the funds arrive safely.

• Recipient Selection: You can choose an existing recipient or create a new one.
• Data Required: In general, you will be asked to specify: Recipient name, Beneficiary relationship, Bank Details (Destination Bank, account number—no need for SWIFT if transferring using a fintech network), and Recipient Details (Address, Phone Number).

3. Fulfilling Compliance Information

This information is mandatory to fulfill international financial regulations, ensuring your transfer is legal and its purpose is clear.

• Mandatory Data: You must provide this information: Purpose of Remittance (e.g., ‘Family Support’, ‘School Fees’, or ‘Investment’) and Source of Funds (e.g., ‘Salary’ or ‘Savings’).
• Importance of Compliance: Providing this information honestly will keep your account safe and compliant.

4. Confirmation and Transaction Completion

This final step is the quick and transparent completion of the transfer.

• Review and PIN: You will see a summary of the created transaction. After confirming all details are correct, you can proceed by clicking the confirmation button at the bottom of the page. You then must enter your PIN (as transaction authentication).
• Result: Transaction Completed. Users can view the transaction summary and track its status.

Benefits and Security of Money Transfer Using Transfez

Using Transfez not only offers speed and convenience but also provides strategic benefits that surpass traditional methods.

Instant and Secure Speed

With Transfez, transfers to Indonesia are instant (estimated 5-10 minutes) and secure because it is MAS-licensed. Instant money transfer from Singapore to Indonesia can now be done without waiting for days. This speed is crucial for family or business emergencies.

Read Also: Monthly Money Transfer Fees to Indonesia: Comparison and Most Affordable Strategy

Financial Control and Transaction Tracking

Every transaction you make is recorded in a centralized Transaction History. You can track all types of transactions created, including:

• Transaction In progress
• Completed Transactions
• Failed or Rejected Transactions
• Refunded Transactions
• Wallet Top Up and Wallet Balance Withdrawal.
  The ability to monitor the status of tracking money transfer from Singapore in real-time gives you peace of mind and full control over your finances.

Biometric Log-in Flexibility

The Biometric Log-in feature (Fingerprint/FaceID) ensures that only you can access the account, even if your password is leaked. This adds a very strong layer of security, while also providing convenient access without having to repeatedly type your password.

Best Fees and Rate Transparency

Transfez is committed to transparency. You always see the total flat fee and the exchange rate applied upfront. This ensures that the funds received in Indonesia are not reduced by hidden fees.

Conclusion

The most efficient, fast, and secure way to transfer money to Indonesia from SG is through a verified and licensed legal fintech platform like Transfez.

Transfez offers an easy 4-step guide, instant speed (5-10 minutes), security with the Biometric Log-in feature, and clear compliance. By choosing Transfez, you avoid the risks of illegal transfers, save costs, and ensure funds arrive in Indonesia safely and fully. Register immediately, and experience the convenience of your first safe instant money transfer!

Download Transfez for shipping from Singapore to Indonesia. Get free shipping and flat fees for you.

With a busy work schedule, don’t let transfers interrupt your break time! Transfez helps you send money 1-2 times a month safely and economically without any drama. Just one click, and your money arrives in real time. Want to send money to your village? No worries, you can! Transfez is ready to be your regular go-to. Check it out and download the app now on the App Store or Play Store! #SantaiTapiSampai