Send Money to DANA from Singapore: Fast & Easy with Transfez

I know exactly what it feels like to be an Indonesian making a living in Singapore. The need to send money back home is a top priority. But, honestly, the conventional process of transferring money through a Singapore bank to a bank in Indonesia is frustrating.

Besides being expensive due to layered SWIFT fees, the process is also slow, often taking 2–3 business days. Worse still, the funds only stop at the bank account, even though your family’s main transaction tool in Indonesia is now a digital wallet like DANA.

This need for speed is urgent. Currently, DANA has become an essential e-wallet for everything from paying electricity bills, e-commerce subscriptions, to free P2P transfers to fellow users. If you send money to DANA from Singapore, the funds must be directly available there, not in a bank account that requires an additional transfer step.

This is why we need a digital solution. I will introduce Transfez as a legal and real-time digital remittance platform. Transfez has obtained permission from Bank Indonesia, making it a reliable and efficient bridge. This article will be your complete guide to the process of sending money to DANA from Singapore efficiently, transparently, and super fast.

Comparison of Sending Money Using Banks Versus the Application

Why switch from conventional banks to an application like Transfez? The difference lies in technological efficiency and cost structure.

1. The Problem of Rates and Hidden Fees at Banks

When you use a traditional bank in Singapore, they use a global transfer network (SWIFT) which involves intermediary banks. As a result:

• Detrimental Rates: The bank will charge a selling rate that is very different from the mid-market rate, making the IDR amount received by your family much less.
• Layered Fees: You pay a sender fee (front-end fee) and, worst of all, intermediary banks will deduct hidden fees mid-transfer.

2. Speed and Direct Access to DANA

The speed comparison is striking:

• Bank Transfer: Requires manual settlement and interbank verification, causing funds to be held up for 1–3 business days.
• Transfez: Transfez integrates directly with the payment system in Indonesia via API. Once your SGD funds are verified, the conversion and top-up to DANA occur instantly or in real-time (The historical process of sending can be viewed).

3. The Advantage of Transfez Transparency

Transfez prioritizes total transparency. You can see the SGD to IDR rate they offer at the best price, which tends to be close to the mid-market rate, and the low flat fee is clearly stated upfront. This ensures you know exactly how much IDR will go into the DANA balance before you hit the send button.

Read Also: How to Send Money from Singapore to OVO in Real-Time: The Quickest and Cheapest Transfez Guide

How to Send Money from Singapore to Indonesia via the Transfez App to DANA

This is the core of your guide. The process of sending money to DANA from Singapore is very easy, provided you follow the steps below.

Mandatory Account Preparation: Full Verification

Before starting, ensure two things are ready:

• Verified Transfez Account: Download the Transfez app and complete the KYC (Know Your Customer) verification process. Full verification (by uploading identity) will give you an adequate transfer limit and transaction legality.
• DANA Premium: This is the key to success. The recipient in Indonesia must upgrade their DANA account to DANA Premium (with KTP verification). Standard DANA cannot receive top-ups from overseas.

Step-by-Step Transfer Process

Before making a transaction, you need to top up your Transfez wallet. There are 2 methods for topping up the Transfez wallet: using PayNow & 7/11. If your wallet balance is filled, follow these steps in the Transfez app for your money transfer.

Creating a Transaction

To create a transaction, the user can start by clicking one of two options:

1. Select the region “Singapore” on the home page in the upper left.
2. The “Send Money” button on the navigation bar at the bottom of the screen.

Next, the user can create a transaction from Singapore to Indonesia by doing the following:

• Calculator Page: 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 DANA option for the e-wallet detail.
• Compliance Information: You need to provide: Purpose of Remittance and Source of Funds.
• Confirmation Transaction: Review the summary, enter the PIN, and the transaction is complete. The user can then track the transaction status.

Read Also: How to Send Money to Indonesia via E-wallet with Transfez: Fast, Cheap, and Hassle-Free

How Long Does it Take to Transfer Money From Singapore to DANA?

This question often arises because speed is the main reason we switch to digital.

1. Transfer Time: Instant (Real-Time)
   Generally, the transfer time from Singapore to DANA via Transfez is instant or real-time. This means that after you make the transfer, the recipient will receive the funds within seconds.
2. Clear Difference with Banks:
   This 5–10 minute (or even instant) waiting time is far superior to the 1–3 business days offered by conventional banks, proving that digital technology is the best choice for sending money to DANA from Singapore today.

Rate, Fees, and Limits

To ensure you get maximum value from every transfer, let’s thoroughly examine the aspects of rates, fees, and limitations.

1. Fee for Sending Money from Singapore to DANA
   Transfez uses a transparent flat fee model. You will pay a small, fixed administrative fee, regardless of the remittance amount.
   • Low Fee: Transfez generally charges a fee for sending money from Singapore to DANA that is much lower than the total SWIFT bank fees, only 5 SGD.
2. Best SGD to IDR Rate
   You get a very competitive rate because Transfez approaches the mid-market rate. This good rate ensures the received IDR is maximized.
3. Limitations and Transfer Limit for DANA Premium from Overseas
   Understanding this limit is crucial:
   • DANA Limit: The transfer limit for DANA Premium from overseas is the maximum balance limit in the e-wallet, which is Rp 20,000,000. If your remittance causes the balance to exceed this number, the transaction will fail.
   • Transfez Limit: Transfez’s own transfer limit is usually much higher, but it will follow the lowest limit between the Bank Indonesia regulation or the DANA e-wallet regulation. Always prioritize the DANA limit (Rp 20 Million).

By using Transfez, you have chosen the smartest and most efficient way to support your family in Indonesia. This platform successfully transforms the formerly slow, expensive, and inefficient process into a transparent, real-time transaction. If you are looking for speed, cost transparency, and ease in one application, this is the 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