How to Send Money from Singapore to OVO in Real-Time: The Quickest and Cheapest Transfez Guide
I fully understand that living in Singapore as an expatriate or migrant worker has its own challenges. One of the most important routines is ensuring the money you send reaches your family in Indonesia quickly and cheaply. Conventional interbank transfers often take 1 to 3 business days, the exchange rate seems less fair, and large SWIFT fees can drain your remittance amount.
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Built for Indonesians who live, work, and support families from Singapore.
This problem is compounded by the fact that in Indonesia, the method of transacting has shifted to digital wallets. Your family may no longer rely on money in a bank account, but rather in OVO, DANA, or GoPay. Your search intention is very clear: you need a way to transfer from Singapore to OVO that is not only cheap but also real-time.
This is where Transfez steps in as a highly efficient solution. As a legal digital remittance platform registered with Bank Indonesia, Transfez bridges this need. This article is your complete guide to solving that problem: the quickest and cheapest way to ensure funds from SGD go directly into your family’s OVO balance without any drama.
Complete Guide: How to Send Money from Singapore to OVO
To make a transfer from Singapore to Indonesia, you must first top-up the wallet in the application via PayNow or 7/11. Follow these detailed steps to send funds from SGD to OVO:
Creating a Transaction
You can start by clicking one of two options:
- Select the “Singapore” region on the home page in the upper left.
- The “Send Money” button (diagonal pink paper airplane icon) on the navigation bar at the bottom of the screen.
Next, you can create a transaction from Singapore to Indonesia by doing the following:
- Calculator Page: You determine the destination country, the amount to send or receive, and check the exchange rate and fee.
- Verify your Singapore phone number.
- Select Recipient: Choose a recipient, or create a new one. Select the OVO option for the e-wallet detail. You may need to determine: Recipient name, Beneficiary relationship, and Recipient Details (Address, Phone Number, etc.).
- Compliance Information: You need to provide: Purpose of Remittance and Source of Funds.
- Confirmation of Transaction: You will see a summary. After confirming, enter your PIN.
- Transaction Completed: You can view the summary and track the transaction status.
Why is Transferring to OVO So Important?
Why should we bother finding a way to transfer directly to OVO? Because OVO is no longer just an app; it has become a daily transaction tool in Indonesia.
OVO as the Heart of Transactions in Indonesia
OVO now occupies a central position as one of the most widely used digital wallet applications in Indonesia. Money in OVO can be used immediately for various needs: paying for online transportation (Grab), buying food, paying electricity bills, and shopping at various merchants. This means that when you send money, you don’t want it to be “stuck” in a bank account; it must be immediately available in OVO for instant use.
The Problem with Conventional Bank Transfers
If you use a Singapore bank for a transfer, you will face two main problems. First, speed: transfer to the recipient bank in Indonesia can take days. Second, the destination is not specific: the funds only stop at the bank account, and the family has to make an additional transfer step to OVO, which may incur interbank transfer fees again. This is why looking for a direct solution for DBS bank transfer fee to OVO (via the bank) is futile; we need a digital shortcut like Transfez.
Sending Money from Singapore to Indonesia, in Seconds/Real-Time
Transfez was built to overcome the inefficiencies of traditional cross-border transfers. We focus on critical routes, and the Singapore to OVO route is one of them. You can easily view the transaction process, such as: Transaction in progress, Completed Transactions, Failed or Rejected Transactions, and Refunded Transactions.
Transfez Excellence in Digital Remittance
Transfez has obtained an official license as a Fund Transfer Service Provider (PJTD) and is supervised by Bank Indonesia. This legality ensures you are using a credible fastest money transfer platform from Singapore. In addition, Transfez has a wide reach, serving transfers to more than 70 countries worldwide.
Definition of “Real-Time” in the Context of OVO Transfer
So, what does “real-time” mean? It means that once your SGD payment is verified by Transfez, the currency conversion and sending process to OVO occurs instantly thanks to the API integration between Transfez and the Indonesian digital payment system. Unlike banks that use the old SWIFT network, Transfez utilizes a modern digital financial network. As long as there are no system disruptions at OVO or the sending bank in Singapore, funds from SGD will be converted and immediately become OVO balance within minutes.
Foreign Exchange Rate and Cost Transparency
When you make a transfer from Singapore to OVO, the two things you pay most attention to are the rate and the fee.
- Best SGD to IDR Rate: Transfez offers the best SGD to IDR rate, which tends to be close to the mid-market rate (the actual central rate) rather than the highly detrimental bank buying rate. This means, for the same SGD amount, the money received by the family in IDR will be significantly more.
- Low Flat Fee: Transfez charges a low and transparent flat fee. There are no longer vague questions about the transfer fee from Singapore to OVO. The fee is clearly written at the start of the transaction, which is 5 SGD, so you can accurately calculate the final IDR amount that will go into the recipient’s OVO balance.
Preparation and Regulations Before Transfer
To ensure the transfer from Singapore to OVO process runs smoothly, there are several preparations and regulatory understandings you must meet.
Transfez Account Requirements
The first step is ensuring your Transfez account is ready. You must complete the registration and KYC (Know Your Customer) verification process. Full verification is required to unlock the maximum transfer limit and meet Anti-Money Laundering (AML/CFT) standards.
Recipient OVO Status
This is a crucial point that often causes transfers to fail. The recipient’s OVO must have OVO Premier status.
- Mandatory OVO Premier: Standard OVO accounts have transaction limitations and cannot receive transfers from abroad.
- OVO Premier Balance Limit: You must also pay attention to the OVO Premier balance limit. The maximum balance in OVO Premier is Rp 20,000,000. If your remittance causes the recipient’s OVO balance to exceed this limit, the transaction will be automatically canceled. Always check the remaining OVO balance before sending.
Financial Regulation Limits (AML/CFT)
Transfez adheres to financial regulations. Transfez has daily and monthly transfer limits that comply with money laundering prevention policies.
Tips for Overcoming Transfer Issues
- OVO Premier is Mandatory: This is the number one cause of failure. Always ensure the family’s OVO account is active at the Premier level.
- Check Daily Limits: Before sending a large amount, check the OVO balance limit and also your Transfez account’s daily limit.
- Use PayNow: This is key to ensuring your SGD funds get into Transfez as quickly as possible. The subsequent process (SGD to OVO) is already guaranteed to be fast by Transfez.
It is clear that Transfez is the most effective and modern answer to the Singapore to OVO transfer need. This platform has successfully transformed a process that was previously slow, expensive, and inefficient into a transparent, real-time transaction.
With Transfez, you are not just sending money; you are sending convenience and certainty. This technology has eliminated the hassle of old bank transfers, giving you the freedom to send funds anytime, with the best SGD to IDR rate, directly to the digital wallet your family uses every day. If you are looking for speed, cost transparency, and ease in one application, it’s time for you to switch and try Transfez!
Download the Transfez App to Send Money from Singapore to Indonesia
Don’t just send money send your love home. Transfez is a money transfer app created by Indonesians who understand your needs in Singapore. The process is secure, the exchange rates are competitive, and most importantly: you can rest assured knowing your family will confirm receipt immediately. Show your love without the hassle! Download Transfez on your phone now (available on Android & iOS)! #SantaiTapiSampai
