Send Money to Indonesia Without a Bank Account? Yes, Via E-Wallet with Transfez

I am sure you are often faced with this situation: you want to send money to Indonesia, whether to parents in the village, relatives, or even young people who rarely use banks. The main problem is that the recipient does not have a bank account! All conventional banks overseas and domestically require a destination account number. However, the family’s financial needs cannot wait for the complicated account opening process.

The solution must be easy, fast, and allow the sender to successfully send money to Indonesia without a bank account. In Indonesia, senders can send money from Singapore to Indonesia via e-wallets such as DANA, GoPay, OVO, or ShopeePay. Funds can be instantly credited to the E-wallet account, just seconds after sending.

We introduce Transfez as a legal and account-less digital remittance platform for transferring money from Singapore to Indonesia without an account number. This article is your complete guide to solving this problem, showing you how to send money to Indonesia without a bank account using the e-wallet number as a substitute for the account number.

Why E-Wallets are the Account-Less Solution

This section explains how e-wallet technology bridges the needs of those who do not have access to the traditional banking system.

Unbanked and Underbanked

In Indonesia, many people still fall into the category of unbanked (have no bank account at all) or underbanked (have an account but rarely use it). They tend to rely on cash and are now switching to e-wallets as a digital transaction tool. The need to transfer money to Indonesia without a bank account is very high for those living or working abroad and wishing to support this group.

E-Wallet as a Substitute for a Bank Account

This is the magic of e-wallets. Digital wallets like DANA, GoPay, and ShopeePay use a mobile phone number as a unique account identifier, replacing the function of a bank account number. This mobile number is verified and tied to one owner identity. When you send money to a DANA HP number, you are effectively sending money to their “digital account.”

Transfez as the Digital Bridge

Transfez has addressed this need. With official permission from Bank Indonesia (BI), Transfez integrates its network with local e-wallet providers. This allows you, from wherever you are (e.g., Singapore), to make an overseas money transfer directly to the recipient’s mobile number in Indonesia. You can perform the money transfer without a bank account safely and in compliance with regulations.

Read Also: How to Send Money Fast from Singapore to Indonesia (Real-Time to E-Wallet)

E-Wallet Requirements and Status

Although you can send money without a bank account, there are mandatory requirements that the recipient’s e-wallet must meet for the international transfer to succeed.

Absolute Requirement: Upgrade to Premium Account

This is a very important point. Transfers from abroad can only be received by fully verified e-wallet accounts, namely:

• DANA Premium
• GoPay Plus / GoPay Premium
• OVO Premier
• ShopeePay Plus

The premium/plus account has been verified with the recipient’s KTP (identity), thus meeting Bank Indonesia’s Anti-Money Laundering (AML/CFT) regulatory standards for receiving funds originating from outside the country. Ensure your family has completed this upgrade before you start the transfer.

Crucial Limitation: Balance Limit

BI regulations stipulate that all premium/plus e-wallets have a maximum balance limit. Balance Limit: The maximum e-wallet balance limit is Rp 20,000,000. This applies to the limit for sending money to DANA without a bank account and other e-wallets. If your remittance (plus the existing balance in the e-wallet) exceeds this limit, the transfer will fail.

Send Money Without a Bank Account with Transfez

Here is the step-by-step guide to successfully sending money without a bank account using the mobile number as the primary identifier.

Preparation on the Sender Side (Overseas)

• Register and KYC Verification: Download the Transfez application and verify your account.
• Prepare Source Funds: Ensure you have SGD funds ready to be transferred from your Singapore bank account (e.g., via PayNow).

Making a Transaction to E-Wallet (Using Only HP No.)

1. Select Route: In the Transfez app, set the transfer from the origin currency (e.g., SGD) to the destination currency IDR.
2. Input Amount: Enter the SGD amount you are sending. Check the rate and the total IDR that will be received.
3. Specific Instruction (Mobile Number): When selecting the recipient, you only need to enter the phone number of the target account along with the code for each E-wallet.
4. Identity Confirmation: The recipient’s name (according to the KTP verification in the e-wallet) will appear automatically. Check this name to ensure no mistake.

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

Payment and Real-Time Speed

• SGD Payment: Transfer the SGD funds from your Singapore bank account to the Transfez escrow account. Using PayNow/FAST is recommended for instant transfer.
• Mandatory Reference Code: Do not forget the Transfez reference code; this is important for your SGD funds to be quickly identified.
• Real-Time Top Up: As soon as Transfez receives the SGD funds, the conversion and top-up to the recipient’s e-wallet will be done real-time. The family will receive the money in their e-wallet within minutes, completing the process of sending money without a bank account with incredible speed.

Security, Speed, and Troubleshooting

This method is very secure because the entire process is supervised by Bank Indonesia. The speed is guaranteed to be real-time. The main advantage is eliminating the need for a bank, making it the fastest solution for unbanked family members.

FAQ:

• Can I transfer money to OVO without a bank account? Yes, OVO, DANA, GoPay, and ShopeePay can receive transfers via HP number as long as they are Premium/Plus.
• What happens if the family hasn’t upgraded to Premium? The transfer will fail. The funds will be returned to your Transfez account (which takes several business days).

Transfez provides a perfect and modern solution to the challenge of sending money to Indonesia without a bank account. By relying on the mobile number and e-wallet as the destination, you not only avoid expensive bank fees but also guarantee real-time speed. This is the ideal choice to support unbanked family members in the easiest, cheapest, and safest way.

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