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

I fully understand that sending money from Singapore (SGD) to Indonesia (IDR) is often an urgent matter. Maybe it’s for school fees, an unexpected bill, or an urgent family need. Sending money from Singapore to Indonesia is currently an inefficient conventional process. SGD transfers via bank are slow, taking up to days, the costs are high, and worst of all, the long waiting time will hinder family needs.

Funds must be immediately available in real-time. No need to wait up to 2–3 business days. Your priority is ensuring your money goes directly into the primary transaction tools, such as e-wallets like GoPay, OVO, or DANA, so the family back home can use it right away.

It is time for you to switch to a modern, legal, and real-time digital remittance platform (like Transfez). This article is the complete guide to finding the quickest and cheapest way to send money fast from Singapore to Indonesia using the latest technology.

Comparison of Time to Send Money via Bank & via Transfez Application

Here is a comparison of sending times via bank and via an application like Transfez, and what the calculations are for making a transfer.

Conventional Bank (SWIFT Network)

Traditional banks rely on the global SWIFT network. This network is secure, but slow and expensive.

• Waiting Time: This process requires manual settlement and layered verification, making the bank need 1–3 business days for the funds to land in the recipient’s account in Indonesia.
• Hidden Fees: In addition to the sending fee you pay in Singapore, intermediary (correspondent) banks will deduct funds mid-transfer.

Digital Remittance Application (Transfez)

Licensed digital platforms like Transfez have cut out the complicated SWIFT network. They use a real-time API integrated directly with the payment system in Indonesia (BI Fast and e-wallet systems).

• Instant Speed (Real-Time): Sending takes seconds; this integration allows transfers to happen almost instantly.
• E-Wallet Solution: The ability to transfer directly to e-wallets (GoPay, OVO, DANA) is the main advantage. Funds do not need to stop at a bank account; they are immediately available in the e-wallet balance.

Read Also: How to Top Up ShopeePay from Singapore (2026 Update): Instant, Best Rates, and Hassle-Free

How Long Does it Take to Send Money from Singapore to Indonesia? (Bank Transfer & E-wallet)

Sending money from Singapore to Indonesia can be very fast, up to seconds or minutes if the money is sent on a business day using the Transfez application. Meanwhile, sending money from Singapore to Indonesia can take up to 1–3 business days if using a bank with the SWIFT Bank method.

Bank to Bank Transfer (Conventional Method)

If you use a Singapore bank to send to a bank in Indonesia, be prepared to wait. The average time needed is 24–72 hours (1–3 business days).

Digital Transfer to Bank Account (Using Transfez)

If you choose to send to a bank account in Indonesia via Transfez, the waiting time is much shorter. The average time is 2 minutes to 15 minutes (depending on local bank settlement in Indonesia). Although not as instant as an e-wallet, this is far superior to SWIFT transfers.

Digital Transfer to E-Wallet (Real-Time)

This is the best solution for sending money fast from Singapore to Indonesia. The average time to send using Transfez is Instant (seconds or minutes). The sending process is also transparent; users can see all transactions made, including: Transaction in progress, Completed Transactions, Failed or Rejected Transactions, Refunded Transactions, Wallet Top Up, and Wallet Balance Withdrawal. The funds will enter the e-wallet in a very short time. This is the absolute fastest option on the market.

Cost of Sending Money from Singapore to Indonesia

Speed must be matched with a reasonable cost. In this section, we will look at the comparison of cost structures and potential savings.

1. Bank Cost Structure (To Be Avoided)

The bank cost structure is very complex and expensive: Sender Fee (usually SGD 20 to SGD 35 per transaction), Correspondent Fee (additional SGD 10 to SGD 20 deducted mid-transfer), and Detrimental Buy/Sell Rate.

2. Digital Application Cost Structure (Transfez)

Transfez operates with a low and transparent flat fee model, making it the cheap money transfer option from Singapore.

• Low Flat Fee: Transfez only charges a small, fixed administrative fee, regardless of the amount you send, which is 5 SGD.
• Best SGD to IDR Rate: Transfez offers a rate that approaches the mid-market rate (fair middle rate).
• Transparency: There are no hidden fees. All costs are visible on the screen before you click “confirm.”

3. Case Example of Savings 

Imagine sending SGD 1000. Via Bank: You might lose a total of SGD 40-50 in fees and bad rates. Via Transfez: You pay a low flat fee (e.g., SGD 5) and get a much better rate. The difference in IDR received can reach Rp 300,000–500,000, proving that Transfez is the most economical way to send money fast from Singapore to Indonesia.

Read Also: How to Transfer from Singapore to GoPay Using Transfez: Instant, Secure, and Best Rates

Money Transfer Limit from Singapore

Understanding the limit is very important to ensure a successful transaction and compliance with regulations.

Remittance Platform Limit (Transfez)

• Maximum transaction at Tier 1 is SGD 1,500 (Rp 19,000,000).
• Maximum transaction at Tier 2 is SGD 3,000 (Rp 38,000,000).
• Maximum transaction per year is SGD 30,000 (Rp 383,000,000).

Recipient E-Wallet Limit (Key to Anti-Failure)

If you choose real-time sending to an e-wallet, you must comply with BI rules regarding e-wallet balances in Indonesia.

• E-Wallet Balance Limit: All premium e-wallets (GoPay Plus, OVO Premier, DANA Premium) have a maximum balance limit of Rp 20,000,000.
• Important Warning: If your remittance causes the recipient’s balance to exceed the Rp 20 million limit, the transaction will fail automatically.

There is no longer any reason to deal with slow banks. Transfez is the most optimal answer to sending money fast from Singapore to Indonesia. With real-time speed directly to the e-wallet, the best SGD to IDR rate, and transparent and low transfer fees, Transfez offers a truly modern solution. Switch to Transfez to ensure your fund transfers are always fast, cheap, and reliable!

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